Chief Risk Executive at Sovereign Finance Limited

Responsibilities

• Manage loan portfolio with a focus on profitability
• Maintain a low portfolio at risk (PAR) of not more than 5% of all risk assets outside the recovery portfolio.
• Evaluate and review client’s credit proposal and Credit Appraisal Memorandum (CAM) for Management Credit Committee and Board consideration and approval.
• Proactively identify risk and manage the risk of the entire portfolio
• Book loans in line with approved terms and conditions
• Remedial management / Loan recovery.
• Review and update company’s Credit Policies.
• Ensures renditions of relevant statutory regulations
• Prepares monthly portfolio at risk (PAR).
• Participate actively in the Management Credit Committee, Asset and Liability committee, Debt recovery committee and Management Executive committee meetings respectively.
• Coordinate Department’s strategy implementation with a view to realizing set targets from time-to-time.
• Provide overall leadership for Credit Department with a view to engender buy-in of subordinate staff into the culture of the Company and fostering teamwork necessary for actualization of business objective.