Chief Credit Officer

The Chief Credit Officer is responsible for ensuring the protection of the Bank’s credit risk assets by providing a secure yet flexible framework. This role involves ensuring compliance with regulatory guidelines regarding Credit Risk within Tanzania. The Chief Credit Officer supervises the development of clear credit policy guidelines, procedural manuals, and process frameworks aligned with the country’s credit policies. They ensure bank-wide credit awareness through periodic training and testing, and oversee the execution of assigned functions by nominated credit officers. The role maintains a high-quality credit portfolio based on internationally accepted risk rating models, ensuring adequate security and appropriate returns for accepted risks. The Chief Credit Officer utilizes credit software to ensure compliance throughout the credit cycle, from target market definition to credit extension, monitoring, and collection. They apply approved sanctions on defaulting officers to limit credit infractions and ensure high credit administration standards with suitable archiving and reporting systems. Additionally, the role involves developing product programs that address key marketing initiatives while maintaining security for the Bank, identifying causes of credit failures, and disseminating preventive measures. The Chief Credit Officer communicates regularly with bank staff regarding policy changes and process improvements, ensures compliance with regulatory guidelines to protect the Bank from sanctions, and responds to internal and external queries within agreed turnaround times. They supervise the activities of Credit Analysis, Structuring & Product Programmes, Credit Administration/Monitoring, Recovery, and Remedial functions, and perform any other duties as assigned by the immediate supervisor.

First degree in a relevant discipline (e.g., Finance, Economics, Business Administration); MBA, MSc, MA, ML, and/or Professional Qualifications are compulsory; 10 years of relevant banking experience or 15 years of non-banking but related experience; Proficiency in Credit Structuring; Relationship Management experience; Product Development skills; Professional disposition; 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; Accounts Management; Analytical and Investigation Skills; Auditing Skills; Accounting Skills; Comprehensive Banking Operations (Domestic and Foreign) Skills; Comprehensive Treasury skills.