Credit Risk Manager

BANK OF AFRICA – KENYA LIMITED (BOA-KENYA) is a commercial bank providing banking services to corporate, SME and retail clientele.

Credit Risk Manager

Job Purpose

To provide independent oversight, challenge and monitoring of the Bank’s credit risk profile, ensuring that credit risks are appropriately identified, assessed, measured, managed and reported within the Bank’s risk appetite, policies, regulatory requirements and approved limits.

Key duties and responsibilities:

Credit Risk Governance and Framework

• Implement and continuously enhance the Credit Risk Management Framework, policies, methodologies and guidelines.

• Ensure credit risk practices remain aligned with the Risk Appetite Framework, regulatory requirements and applicable standards.

• Provide independent risk challenge to Business and Credit functions and monitor compliance with approved policies, limits, delegated authorities and risk appetite.

• Provide credit risk input on new products, sectors and business initiatives, ensuring risks are appropriately identified and mitigated

Credit Risk Modelling, Analytics and IFRS 9

• Lead the preparation and oversight of the Bank’s IFRS 9 ECL assessment, including staging, PD, LGD, EAD, forward-looking scenarios and management overlays.

• Review and challenge the accuracy, appropriateness and performance of credit risk models, assumptions, data and ECL outputs.

• Monitor credit risk trends, model performance and portfolio deterioration, assessing implications for ECL, provisioning, Cost of Risk, profitability and capital.

• Coordinate with Finance, Credit and relevant functions on ECL assessments, model validation and enhancement.

• Provide actionable credit risk analytics and insights to support management decision-making.

Credit Portfolio Monitoring and Early Warning

• Monitor the overall credit portfolio, including asset quality, portfolio performance, concentrations, NPLs, PAR, Cost of Risk, provisioning, migration and delinquency trends.

• Maintain and enhance the early warning framework, monitoring watchlist, vulnerable and migrating exposures and ensuring timely escalation of emerging risks.

• Conduct portfolio reviews and deep dives into high-risk sectors, products, customer segments and material exposures, recommending appropriate risk mitigation.

• Analyse impairment, recoveries, restructurings and write-offs, and assess the adequacy of provisions for deteriorating exposures.

• Collaborate with Credit Monitoring, Portfolio Quality, Recoveries and Business to drive timely remedial action.

Credit Risk Assessment

• Provide independent review and challenge of material credit proposals, renewals, restructurings and exceptions, including assessment of customer financial capacity, repayment ability and key risk assumptions.

• Assess the adequacy of risk mitigants, collateral, guarantees and other credit enhancements.