Vacancy title:
Credit Risk Monitoring Officer

[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance]

Jobs at:
United Bank for Africa (Z) Ltd

Deadline of this Job:
Tuesday, August 5 2025

Duty Station:
Zambia | Lusaka | Zambia

Summary
Date Posted: Wednesday, July 30 2025, Base Salary: Not Disclosed

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JOB DETAILS:

To emphasize and protect high Credit Quality while encouraging and increasing the Bank’s market share without compromising risk assets quality.

Reporting Relationships:

Functionally reports to the Chief Credit Officer

Job Duties:

• Drive the achievement of minimal loan loss provision (Max NPL to total loan portfolio of 3%).
•  Implement the framework for event-based credit monitoring i.e. Rapid portfolio review.
• Review all accounts recommended for classification and authorize eventual classification and provisioning as appropriate.
• Implementation of policy driven Credit related Sanctions.
• Reviews of exception reports prepared by the units and provide guidelines at evolving a regularization framework.
• Guiding Business offices on promptly addressing early warning signals.
• Preparation of weekly and monthly activity reports to the department Head.
• Review portfolio for concentration risks, global limits etc., and advise appropriate actions.
• Conduct Monthly Revenue Assurance on disbursed loans on the loan portfolio.
• Conduct the periodic collation, review, consolidation, invoicing and reconciliation of relevant Credit related loans.
• All other activities as delegated by the department Head.

Key Performance Indicators:

• Responsiveness to internal customer requests.
• Efficiency in the classification of accounts in line with prudential guidelines.
• Efficiency at income recognition and repayment monitoring.
• Timeliness in the preparation of exception reports/reviews on all credits including product programs.
• Proactive-ness in the detection of account deterioration and communication of same to business units.
• Quality of risk assets portfolio (Non Performing Loans (NPL) to total loan ratio).
• Timeliness in the detection and escalation of unauthorized credits.
• Performance Metrics under Execution Mastery; Timeliness in completion of assigned tasks.
• Effectiveness at execution of assigned tasks; Efficiency at executing scheduled and adhoc assignments.

Skills:

• Strong excel skills and Data analytical skills
• Strategy formulation & Business Awareness,
• Creativity & Innovation,
• Resource Management,
• Delegation & Empowerment,
• Ability to Inspire & Manage Change,
• Analytical Thinking,
• Decision Making,
• Problem Solving,
• Diversity Management
• Interrogatory skills;
• Communication skills;
• Fraud Detection & Control;
• Internal Audit practice; Auditing Skills
• Accounts Management;
• Analytical and Investigation Skills;
• Accounting Skills;
• Comprehensive Treasury skills

Job Requirements & Knowledge:

• Core Business Processes
• Industry Knowledge
• Banking Operations
• Business Risk Management
• Credit Analysis
• Credit risk management principles and Bank of Zambia regulatory requirements
• Deep knowledge and understanding of regulatory requirements, and risk parameters
• Deep knowledge and understanding of IFRS 9 provisions and classifications guidelines

Application requirements:

Minimum Education Qualifications

• Bachelor’s Degree in Banking, Finance, Economics, Accounting or related field with Credit or better
• Grade Twelve Certificate with at least Five (05) Credits or better, including Mathematics and English.
• ZAQA verified certificates

Previous Work Experience Requirements

• At least 3 – 5 years’ experience in loan monitoring and portfolio management.

Work Hours: 8

Experience in Months: 36

Level of Education: bachelor degree

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