This role of Portfolio Manager at Co-operative Bank of Kenya focuses on the rigorous management of the bank's loan portfolio, ensuring strict compliance with both statutory requirements and internal policies, particularly those related to loan provisioning and risk management under international financial standards. The successful candidate will be a critical link in regulatory reporting, financial modeling, and managing external lender relations concerning credit issues.
Key Responsibilities
The successful jobholder will be required to:
- Ensure accurate preparation and timely submission of all statutory reports.
- Ensure Reclassification of Loan portfolio book as per Prudential Guidelines.
- Ensure external questionnaires by CBK, KBA, and DFI’s are returned on time.
- Review changes to data values and meanings, and review data model, architectures, and specifications.
- Assess and determine whether business applications meet data requirements.
- Facilitate the resolution of data issues, then communicate and promote the value of data.
- Ensure compliance by frequent review of provision requirement for loans.
- Advise the finance department on Provision requirements on the impaired loan.
- Update & recalibrate IFRS9 model computation of Expected Credit Loss (ECL), as well as run & configure the Effective Interest Rate (EIR) model.
- Deal with the Bank External Lenders in regard to Credit issues.
- Handle external lenders and ensure compliance on Covenants and reports.
- Monitor repayment schedules, rates, and follow-up on rebates.
- Follow-up & ensure all recommendations with regards to credit review are implemented.
- Carry out data analysis as requested by the Lenders.
- Notify, implement & monitor prevailing variable reference rates (e.g., KESONIA, SOFR) as per changes.
- Perform forensic reconciliation of accounts to ensure nil over/under charge of interest.
- Design and develop risk grading methodologies for MSME and Personal loans for use in risk-based credit pricing.
- Perform Revenue assurance.
- Advise finance on monthly manual schedule interest.
- Ensure strict adherence to all regulations, statutes, standards, practices, and all internal processes and procedures as per the relevant manuals, and comply with all relevant external legislation and regulations with regard to Compliance requirements.
Qualifications, Skills, and Experience
The successful candidate will be required to have the following skills and competencies:
- Education: A Bachelor’s Degree in a business related field from a recognized University.
- Experience: At least five years working experience in Portfolio Management.
- Technical Skills: Advanced Computer skills, especially in Microsoft Office Applications, as well as analytical skills.
- Specialized Knowledge: Advanced Skills in Financial Models, IFRS 9, and Data Analytics.
- Regulatory Understanding: Thorough understanding of The Credit Policy and Prudential Guidelines.
- Business Acumen: Business Development skills and understanding of the core banking system.
- Soft Skills: Personal organization and thoroughness coupled with the ability to work under minimum supervision with good Judgment and decision-making skills.
