Senior Manager, Credit Risk Management

The Senior Credit Risk Manager is responsible for leading the credit adjudication team, performance of portfolio risk assessments, as well as, reviewing credit proposals originating from Retail, Small and Medium-sized Enterprises (“SME”), and Corporate Banking credit teams and credit risk team

MAIN DUTIES AND FUNCTIONS

•  Direct Supervision, review and approve credit applications assessed and recommended by the Corporate Credit Risk Manager and Retail Credit Risk Managers within delegated lending authority.
• Direct supervision of the Credit Risk Analyst to ensure timely and accurate dissemination of data, information and reports to internal users (General Manager, Credit Risk; CEO; Management and Board Credit Committees), regulators and external Lenders, as well as, accurate calculation of the Bank’s Loan Loss Provisioning.
• Analyze and evaluate credit and financial strength of potential Borrowers to determine acceptable levels of credit risk exposure and approve credit facilities within delegated lending authority.
• Analyze and evaluate credit and financial strength of potential Borrowers to determine acceptable levels of credit risk exposure and make recommendations to the General Manager - Credit Risk Management and/or Management Credit Committee and/or Board Credit Committee for credit facilities that exceed delegated lending authority.
• Review credit quality risk ratings assigned to credit facilities and other extensions for credits submitted for adjudication.
• Ensure that the Corporate Credit Risk and Retail Credit Risk Managers are applying the highest standard of credit adjudication ensuring that credit facilities for Retail, Small and Medium-sized Enterprises (“SME”) and Corporate are being granted within policy guidelines established by the Bank and within the service level agreements.
• Responsible for monitoring and controlling the nature and composition of the credit portfolio within limits prescribed in accordance with JMMB Bank’s Credit Policies including the management of counter party risks through the establishment of limits and monitoring of same.
• Undertake quarterly (or as required) assessment of the Bank’s total loan portfolio to determine the level of loan provisioning required in accordance with the Bank of Jamaica regulations on Standard of Sound Practice on Problem Asset Management and Provisioning Requirements and Accounting for Expected Credit Losses for inclusion in the Bank’s financial statements.
• Undertake quarterly (or as required) assessment of the Bank’s total loan portfolio to determine the level of Expected Credit Losses (“ECL”) to be booked in the Bank’s financial statements in accordance with the International Financial Reporting Standard (“IFRS”).
• Ensure accurate and timely preparation and submission of reports to the Bank of Jamaica (“BOJ”), Board of Directors, External Lending Partners, Management Committees and other relevant entities.
• Liaise with Corporate Relationship Managers and Credit Committees on additional analysis to determine acceptance of credit risk in a potential borrower.
• Assess periodic industry review prepared by Group Risk and make appropriate recommendations on reductions in Industry Concentration.
• Assess and compile summary of industry reviews prepared by Credit Risk Officers/Group Risk on a quarterly basis for presentation to the Credit Committee.
• Attend Risk Policy Committee meetings along with General Manager, Credit Risk Management to present quarterly Credit Risk Management report.
• Provide training and guidance – on the job and In-House credit training for Lending Managers, Credit Officers and Credit Analysts.
• Attending select business calls with Originators.
• Monitor the Bank’s total loan portfolio to identify loan accounts exhibiting significant increase in credit risk and ensure the accurate classification of loans in the respective stages to determine the level of provisioning required.
• Submit quarterly loan provisioning assessment to the Financial Control Unit, Management Credit Committee and Board Credit Committee for approval.
• Ensure the adherence of SLAs between CRM and other departments.
• Ensures that all reported Audit and Compliance issues/recommendations related to credit business are addressed and/or implemented in a timely manner.
• Analyze alerts to adverse trends identified or reported by the Corporate Credit Risk Manager, Retail Credit Risk Manager and implement strategies to mitigate negative effects to the credit portfolio.

Team Management

• Provides coaching and development for all reportees including the preparation of individual development plans and IBSC’s to ensure that team members are engaged and motivated and are a fit for the role assigned.
• Provides direction, fosters teamwork, leads and manages the credit risk team to ensure excellence.
• Manages team performance to ensure that all team members are delivering as per role expectations.
• Conducts clean-ups as required to ensure that the team is cohesive and harmonious and that the team spirit is in keeping with JMMB’s partnership contract.
• Develops others through training on internal processes and procedures.
• Promotes the JMMB’s philosophy of the Vision of Love and its unique culture.
  • A Masters Degree or Post Graduate Degree with specialization in Finance, Banking, Accounting, Management Studies, Business Administration or equivalent qualifications.
• Ensures compliance with the departmental budgets and supports the annual budget process.
• Responsible for staff technical development and training in the credit risk area.

EDUCATION, TRAINING & WORK EXPERIENCE REQUIRED:

• Minimum seven (7) of experience in Lending/Credit Risk Management to include relationship management/origination within the Financial sector at a senior level in Corporate Lending/Credit Risk Management.
• Sound knowledge of credit appraisal and analysis techniques for Retail, SME and Corporate lending.
• Excellent Financial Analysis Skills.
• Strong knowledge of credit administration and collateral assessment for loans/advances.
• Thorough knowledge of Special Credit Funding including DBJ and EX-IM credit processing as well as other International Agencies Guarantee process
• Working knowledge of the relevant sections of the Banking Services  Act, BOJ Guidelines on Credit Management and Other Best Practices for Credit Risk Management including the proposals of Basel II, III
• Thorough knowledge of spreadsheet applications
• Strong analytical skills & excellent credit risk management skills.
• Experience in the negotiation and structuring of large corporate deals.
• Knowledge of the statute and practice relating to corporate and retail lending / delinquencies.
• Excellent knowledge of the financial sector laws, regulations, ethics and professional jargon.
• Deep understanding of consumer behavior and the operation of the business sector.
• Excellent communication skills, oral and written and very good inter-personal skills.