Senior Credit Risk Manager job at DFCU Bank

Description

DFCU Bank is hiring a Senior Credit Risk Manager responsible for proactively manage and enhance the bank’s credit risk by continuously reviewing and improving lending policies, processes, and products, ensuring effective risk identification, mitigation, and compliance with industry best practice and regulatory standards, ultimately strengthening portfolio stability, safeguarding financial assets, and supporting the bank’s long-term growth and profitability.

Reporting to the Head of Credit Risk Management

KEY ACCOUNTABILITIES:

• Benchmark and align Credit related policies, procedures, product papers, systems, and tools with the bank’s risk appetite, regulatory guidelines, and industry best practices.
• Facilitate key stakeholder engagements in the development of the Credit Risk Appetite and ensure the monitoring, reporting and effective management of breaches.
• Prepare comprehensive and reliable credit risk reports on a monthly and quarterly basis with the Credit Review Committee, Management Risk (RISCO) and Board Risk Committees.
• Oversees the effective execution of the monthly Credit Risk Forum in alignment with Operational Risk guidelines, and delivers robust risk analyses, insights, and reports to the Credit function to support informed, risk‑based decision‑making across the portfolio.
• Conduct periodic credit risk readiness and control anticipation reviews to assess whether the Bank’s credit risk policies, controls, processes and governance structures are fit for purpose to support upcoming business strategies, product changes, regulatory developments and growth plans before risks crystallize.
• Conduct periodic assessments of emerging risks from the macro environment, external events, and internal bank activities, providing timely recommendations for process improvements, policy adjustments, and product enhancements to strengthen risk mitigation and portfolio resilience.
• Review and verify the outcomes of credit risk scenarios/stress tests to confirm their accuracy and relevance for portfolio management.
• Conduct periodic Hind sighting reviews on past credit decisions and portfolio trends, using insights to improve policies, processes, and strategies.
• Review proposals for new and existing products submitted by the Business for approval, ensuring all risk dynamics are properly addressed and controlled.
• Conduct periodic reviews of workplace schemes, focusing on eligibility criteria, underwriting, limit utilization, and portfolio quality to enhance portfolio stability and safeguard against potential losses.
• Provide independent oversight, governance and assurance over credit risk–related incidents, ensuring that all material credit risk events are promptly identified, properly classified, investigated, remediated and escalated, in order to prevent recurrence, protect asset quality and strengthen the Bank’s credit risk control environment.
• Facilitate the Credit Risk Control Self-Assessment process to ensure risk mitigants are in place and adhered to.
• Deliver regular training on credit risk management, leveraging lessons learned to foster a risk-aware culture.
• Support the digitization of core credit processes to enhance efficiency, standardization, and risk management.
• Oversee the identification, tracking, escalation and closure of all credit risk–related issues arising from internal assurance reviews, audits, regulatory examinations, incident investigations and governance forums, ensuring that such issues are appropriately prioritized, remediated and resolved in a timely manner to strengthen the Bank’s credit risk control environment and prevent recurrence.
• Perform other tasks as may be assigned by Head Credit Risk Management or Chief Risk Officer.

KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:

• University Degree or equivalent, in Economics, Banking or Finance.
• Professional Credit certification or ACIB.
• 7 years’ banking experience, with at least 2 years in a credit risk-related role.
• Detailed knowledge of risk management policy and procedures.
• Working knowledge of credit products in Personal, Enterprise, Commercial and Corporate Banking.
• Appreciation of regulatory and statutory guidelines.
• Knowledge of macro-economics and sector performance
• Strong ability to identify, assess, and monitor operational risks across the credit lifecycle.
• Deep understanding of credit processes (origination, appraisal, collateral, monitoring) for effective oversight—not underwriting.
• Experience conducting RCSAs, control testing, incident analysis, and process risk reviews.
• Knowledge of regulatory requirements (KYC, AML, PEP, data privacy, consumer protection).
• Ability to challenge first-line practices independently and ensure compliance with policies and risk appetite.
• Competence in analysing credit operational loss trends, KRIs, exceptions, and system‑related risks.
• Strong communication, reporting, and stakeholder‑management skills to influence governance structures.
• Good business awareness and specific industry awareness.
• Attention to detail.
• Good interviewing skills to enlist required information.

• Benchmark and align Credit related policies, procedures, product papers, systems, and tools with the bank’s risk appetite, regulatory guidelines, and industry best practices.
• Facilitate key stakeholder engagements in the development of the Credit Risk Appetite and ensure the monitoring, reporting and effective management of breaches.
• Prepare comprehensive and reliable credit risk reports on a monthly and quarterly basis with the Credit Review Committee, Management Risk (RISCO) and Board Risk Committees.
• Oversees the effective execution of the monthly Credit Risk Forum in alignment with Operational Risk guidelines, and delivers robust risk analyses, insights, and reports to the Credit function to support informed, risk‑based decision‑making across the portfolio.
• Conduct periodic credit risk readiness and control anticipation reviews to assess whether the Bank’s credit risk policies, controls, processes and governance structures are fit for purpose to support upcoming business strategies, product changes, regulatory developments and growth plans before risks crystallize.
• Conduct periodic assessments of emerging risks from the macro environment, external events, and internal bank activities, providing timely recommendations for process improvements, policy adjustments, and product enhancements to strengthen risk mitigation and portfolio resilience.
• Review and verify the outcomes of credit risk scenarios/stress tests to confirm their accuracy and relevance for portfolio management.
• Conduct periodic Hind sighting reviews on past credit decisions and portfolio trends, using insights to improve policies, processes, and strategies.
• Review proposals for new and existing products submitted by the Business for approval, ensuring all risk dynamics are properly addressed and controlled.
• Conduct periodic reviews of workplace schemes, focusing on eligibility criteria, underwriting, limit utilization, and portfolio quality to enhance portfolio stability and safeguard against potential losses.
• Provide independent oversight, governance and assurance over credit risk–related incidents, ensuring that all material credit risk events are promptly identified, properly classified, investigated, remediated and escalated, in order to prevent recurrence, protect asset quality and strengthen the Bank’s credit risk control environment.
• Facilitate the Credit Risk Control Self-Assessment process to ensure risk mitigants are in place and adhered to.
• Deliver regular training on credit risk management, leveraging lessons learned to foster a risk-aware culture.
• Support the digitization of core credit processes to enhance efficiency, standardization, and risk management.
• Oversee the identification, tracking, escalation and closure of all credit risk–related issues arising from internal assurance reviews, audits, regulatory examinations, incident investigations and governance forums, ensuring that such issues are appropriately prioritized, remediated and resolved in a timely manner to strengthen the Bank’s credit risk control environment and prevent recurrence.
• Perform other tasks as may be assigned by Head Credit Risk Management or Chief Risk Officer.

• Strong ability to identify, assess, and monitor operational risks across the credit lifecycle.
• Deep understanding of credit processes (origination, appraisal, collateral, monitoring) for effective oversight—not underwriting.
• Experience conducting RCSAs, control testing, incident analysis, and process risk reviews.
• Ability to challenge first-line practices independently and ensure compliance with policies and risk appetite.
• Competence in analysing credit operational loss trends, KRIs, exceptions, and system‑related risks.
• Strong communication, reporting, and stakeholder‑management skills to influence governance structures.
• Good business awareness and specific industry awareness.
• Attention to detail.
• Good interviewing skills to enlist required information.

• University Degree or equivalent, in Economics, Banking or Finance.
• Professional Credit certification or ACIB.
• Detailed knowledge of risk management policy and procedures.
• Working knowledge of credit products in Personal, Enterprise, Commercial and Corporate Banking.
• Appreciation of regulatory and statutory guidelines.
• Knowledge of macro-economics and sector performance
• Knowledge of regulatory requirements (KYC, AML, PEP, data privacy, consumer protection).