Credit Risk Analyst – Personal Banking at Equity Bank Kenya

Job Description

Equity Bank Limited (The “Bank”) is incorporated, registered under the Kenyan Companies Act Cap and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box – Nairobi.

Job Purpose:

The purpose of the job is to enhance the quality of the Personal Banking portfolio by ensuring that quality checks are introduced in the processing of Personal loan applications. Credit Analyst at Equity Bank Limited (K) will serve as a loan analyst for borrowing requests from branches. This will include conducting the credit risk analysis and review on credit transactions and preparation of loan sanction write ups and summaries along with recommendations and presentation of the same to the credit committees. Additionally, the role will introduce quality checks to ensure that Personal loans are established properly in the system and the production of management reports for monitoring

Key Accountabilities:

Complete a thorough, in-depth analysis of new credit requests, credit change requests, renewals and restructure and make recommendation for presentation to the Credit Committee Liaise with employers/relationship manager in confirming the status of employees in reference to terms of employment and if any reservation. Accuracy of data capture in 3rd party systems/data base i.e., online booking of loans especially Teacher service commission through their data base for easier administration and reporting. Carry out competitor’s matrix and advice to remain competitive in the market. Observing the Memorandum of understanding between the employers and the Bank to ensure smooth loan administration. Achieve Turn-Around-Times (TATs) per agreed Service Level Agreements (SLAs) for assessment of Credit Applications referred to Credit Risk from branches. Ensure that all credit files are complete, identify any documentation deficiencies, and report to Branch credit officer and credit administration as needed for timely resolution. Review loan files as needed to ensure quality, consistency, and compliance with lending guidelines. Review of excess request due to inward cheques on a timely manner while mitigating on credit risk. Training of branch staff & adopting branches for mentorship and supporting is in resolution of issues that may arise from time to time

Qualifications and experience

 Education qualifications

Bachelor’s degree preferably in business, finance, or accounting.

Years of experience

5 Year experience in Credit of which three should be in Personal Banking

 Professional qualifications required

AKIB/ACIB CPA, ACCA, Credit Management or CFA would be an added advantage.

Key competencies and skills

Able to adjust quickly to different work situations; remain composed under pressure and stressful situations. Must be able to understand employment income and documentations on the same and understand financial data (Balance Sheets, Income Statements, Cash Flow Statements, Financial Ratios, etc.) where one considers incomes from both and applies those skills as they pertain to the loan underwriting process. Must be able to understand the government policy on consumer lending in relation to 1/3 rule policy. Must be able to understand the market trends and changes in the employment industry. Must be organized, efficient, and able to work independently and be detail oriented in order to generate accurate reports. Attention to Detail is Key: Regard for all important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and meet strict deadlines. Ability to effectively manage one’s time to complete work according to established deadlines. The ability to prioritize tasks to make the best use of time for high priority tasks. Principled and self-confident.