Job Role: To manage the Internal Audit function by ensuring assurance and management compliance with relevant business and administrative policies and procedures as well as applicable statutory regulations.
· Plan and Perform audits according to the Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors (IIA) and relevant company policies; · Review UCSCU’s business transactions including payment systems to ensure compliance and value for money; · Conduct evaluation and business feasibility studies as directed by the Board and management; · Carry out system reviews and making appropriate recommendations for improvement; · Undertake resource verification including periodic stores and cash counts as and when applicable in liaison with the Finance and Administration Department; · Undertake physical verification of existence and location of the Union’s assets in line with the approved Assets Register including asset codes; · Vouch the accuracy and integrity of existence and location of the Union’s assets in line with the established policies and procedures; · Support the Finance Department in follow up and resolution of External audit queries raised by the Union’s External Auditor in liaison with relevant user departments in carrying out of risk analysis to ensure that all major risks of the organization are indentified, analyzed and mitigated; · Review the management and final accounts and supporting schedules for truthfulness and fairness; 3 · Provide technical and professional support to management in the development and implementation of governance and accountability framework; · Provide internal audit and technical support services to SACCOs in line with the Union’s business plan. · Perform any other duties as may be assigned from time to time by Board and management. · Annual Audit Plans implemented; · Compliance and value for money audits conducted and reported; · Physical verification of assets undertaken; · Post audit review carried out and reported; · Audit queries followed up and resolved; · Management and final accounts and supporting schedules reviewed; · Technical and professional support services offered to management and Union Members in the development and implementation of governance and accountability frame work; · B.Com/BBA/BSc (Auditing or Accounting Major) or their equivalent from a recognized university; · Full Membership of internationally Recognized Professional Accounting or Auditing Body (ICPAU, CIA, ACCA, etc) is an essential requirement; · A post graduate qualification in a relevant field is an added advantage. · Computer skills (preferably Microsoft Office Application). · Practical knowledge of auditing computer aided applications; · Ability to work on own initiative as well as in a team; 4 · Capacity to establish credibility, and trust and partnership. · Analytical and problem – solving skills. · Excellent interpersonal skills; · Excellent communication and report writing skills. · A person of integrity and honesty; · A minimum of 3 years experience in auditing while working with a reputable auditing firm or private commercial organization, one of which must have been acquired at a similar level/position. If you are qualified and interested in discussing this engagement in more detail, please submit your resume in confidence to the website on the link below:

Dfcu bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.Key Duties and Responsibilities: Continuously drive service quality measures and benchmarks within Credit Operations by developing and stepping up seamless process flows and controls, enhance automation to ensure smooth running of Credit Operations to meet company objectives and values; and minimize losses and reputational issues.Authorize draw down of sanctioned facilities ensuring that all credits are in compliance with conditions precedent like insurance placed, payment of fees, security perfection so as to manage risk and minimize losses.Report on all exceptions on non-compliance with standard controls; risks and losses to senior management to ensure remedial measures are taken immediately and recoveries done to minimize losses.Ensure that the Bank’s collateral being held as security is perfected and enforceable in case of default relative to the borrower’s current circumstances so as to mitigate risk. Ensure adequate credit securities management.Approve release of securities for paid off loans so as to mitigate any risks of fraud and losses.Organize, develop and manage a team of 13 people by coaching, training and mentoring for effective business continuity and succession plans.Ensure reconciliation of the legal fees, Guarantees and Insurance accounts is done on a monthly basis to avoid fraud and loss to Dfcu Bank.Ensure realization of targets set in Service Level Agreements with internal stakeholders and external preferred service providers.Improve quality of processing and reduce costs per transaction.Enhance and perform frequent quality and process controls and reports.Manage and monitor service level agreements with internal and external stake holders based on quality and turn-around time.Ensure adequate administering and controlling of all aspects of IFRS, FIA,CRB, KYC and AML related to credit operations activities.Qualifications, Skills and Experience: The applicant should ideally hold a good University degree in the areas of Economics, Finance or Business Administration or related discpline.At least three years’ management experience in the area of Credit Operations.Strong leadership style and excellent managerial, interpersonal and organizational skills.Excellent problem solving, decision making skills and results oriented.Experience in (credit operations) process redesign and implementation.Excellent communication skills, written and verbal skills.In-depth knowledge of all bank products including leasing, trade finance, term finance.Regulatory compliance – Credit Policy, IFRS, FIA, CRB, AML and KYC.Ability to motivate and train staff, including organizing, prioritizing and scheduling work assignments?All suitably qualified candidates should send their applications by clicking on this link. Please include the following in your application; an updated CV / resume should include your contact information and three work related references and a one page statement describing your suitability for the role should be included.

Company Name
Placewell HRD Consultants

Locations
Other International

Experience
5 - 15 years

Keywords / Skills

Function
Banking, Insurance & Financial Services

Role
• Credit Analysis/ Approval
• Corporate Banking Credit Control Manager
• Other BFSI - Credit

Industry
Banking/ Financial Services

Posted On
6th May 2013

Job Ref code
Credit2013

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Crane Bank , established in 1995, is the fourth largest commercial bank (out of twenty six) in Uganda, with a impeccable regulatory record. Crane Bank enjoys the lowest loan loss rate and cost income ratio in the entire Ugandan commercial banking.

http://www.cranebanklimited.com/

Job Description

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Job TITLE: Head of Credit Department

JOB REF: CRD1.0

RANK: General Manager

REPORTS TO: Executive Director, Operations Division

JOB PURPOSE:

To Oversee the Credit department sections which include Credit Evaluation, Credit Operations and Monitoring and Recovery in order for the Bank to book quality loans with minimum defaults in accordance with the Bank’s Credit Policy.

KEY RESPONSIBILITIES:

To provide oversight for the Credit Department as regards set policies, operational and HR matters.

To plan, set goals and budget forecasts for the Credit Department in consultation with the Executive Director, Operations.

To initiate Credit Policy Changes and reviews in conformity with the prevailing market and economic conditions and in line with good banking practices.

To review, appraise and/or approve loan facilities as provided for and in accordance with the Credit Policy as approved by the Board of Directors

To manage the recovery of delinquent credit facilities in liaison with legal Department in the event of foreclosure.

Ensure fees and penalties applied have been effected.

To ensure operational efficiency of Credit Department in order to keep within the Bank’s set policies and guidelines.

Ensure efficient turnaround time for all loan applications according to agreed targets and Service Level Agreements (SLA’s).

To ensure that the Credit function is performed in accordance with the Financial Institution Act 2004 and the Bank’s Credit Policy.

Research, analyze, and propose sector exposures and limits taking account of the prevailing and forecast economic and financial conditions.

Provide accurate reporting to management and the board in order that decisions are taken with account of risks involved.

Ensure the integrity of the credit evaluation process with regard to the approved risk grading model.

Ensure the Bank acts as a responsible corporate institution with regard to the environment and corporate social responsibility standards.

Continually review Sectoral ceilings, discretionary authorities, portfolio measures, including industry limits, tenor limits, risk rating, NPLs, risk acceptance criteria security acceptance and credit risk matrices.

Ensuring that provisioning policies are in line with the Bank’s Credit Policy Document, comply with Banking Act and Prudential Guideline provisions and co-ordinate with Finance Department to ensure appropriate provisions and interest suspensions are effected in the Bank’s accounting systems.

Management of the Credit Appraisal system, ensuring that appropriate reviews of Credit proposals are undertaken on a timely basis.

Ensure continued maintenance of a quality portfolio in line with Bank’s standards as stipulated in policy guidelines.

Implementation of new and effective dimensions on portfolio risk management especially in line with Bank’s growth strategy.

Implementation of automated processes to minimize manual interventions thereby increasing efficiencies in delivery of credit products at both personal and corporate lending levels.

Provide ongoing relevant training to all bank staff involved in lending business to address identified skill gaps by transferring skills through job training, coaching, mentoring and ensure harmony among the team to improve performance.

Identification and management of the sub standard and non performing assets portfolio of the Bank in line with the Credit Policy Document and recommend action to EXCO and the Board, which minimize losses and facilitate full recovery of any exposure taken by the bank.

Initiate review of industry and sector economic analysis and compile statistical information including macro-economic information, indices and provide feedback to the Senior Management Team, EXCO and the Board on the possible impact of identified trends.

Provide technical support to the Executive Committee on the management of the Bank’s credit portfolio and the review and approval process for credit proposals.

Management of the credit administration aspects of the portfolio, including ensuring that all requisite security documentations are in place prior to disbursements.

Organize, manage and motivate the available human capital within Credit Risk Management Department through establishment of suitable organization structure and implementing development programmes to optimize competence and productivity.

To perform any other duties assigned by management to achieve the Bank’s objectives.

Review and maintain business continuity through robust succession plan for the department for smooth flow of business operations and ensure cover in the face of unplanned interruptions, losses or absence of staff.

Monitor the performance of the team through periodic performance reviews and ensure that staff are performing to expectation, according to agreed targets and identity and address areas of improvement.

Evaluation and implement appropriate remedial strategies such as restructuring of loan facility, enhancement in credit limits or reduction in interest rates to help to help improve obligor’s repayment capacity and avoid litigation.

PERSON SPECIFICATIONS

Qualifications

University degree preferably in Accounting, Finance or Management

Associate of Chartered Institute of Bankers (or equivalent)

Experience

A minimum of five (5) years experience in Credit Risk Management

A minimum of five (5) years experience in General Management

A minimum of three (3) years Banking experience

Relevant skills

Proficiency in Computer packages (incl. EXCEL and WORD)

Communication skills

Basic Legal knowledge

Financial Risk Analysis skills

Analytical, problem solving and decision making skills

Leadership skills

AGE: Above 33 years, but not exceeding age 45 (both posts).

SALARY AND BENEFITS ARE VERY ATTRACTIVE

How to Apply:

Hand written applications must be accompanied by, a detailed curriculum vitae; copies of academic qualifications and professional training documents/certificates; names and addresses of three (3) referees.

Applications should reach NOT later than Friday, 26th April, 2013 and be addressed to:

Head Human Resource & Administration Department, Housing Finance Bank, Plot 4 Wampewo Avenue, Kololo, P. O. Box 1539, KAMPALA.

Applications are invited from suitably qualified candidates to fill the following position in Internal Audit Department:

Deadline: 26/04/2013