Head, Special Assets at KCB Bank Kenya

The Position:

Reporting to the Director, Corporate Banking, the position will be responsible for:

• The strategic leadership and management of the Special Assets portfolio by creating customized solutions and maximizing shareholder value.
• Management of the Corporate Banking loan book whose exposure is at risk and classified as Early Alert and Watch.
• Proactively supporting the Corporate Banking team out to prevent migration, losses and reduce the Bank’s Risk.
• Leading a team of Special assets Managers to co-create and implement restructuring and recovery strategies

Key Responsibilities:

• To develop and lead the implementation of the Special Assets Unit strategy in line with the overall Corporate Banking Strategy; to ensure achievement of profitability targets through prevention of losses, migration and maximization of recoveries
• Develop and implement restructuring and recovery strategies towards reduction of non-performing loans levels and prevent migration
• Develop the special assets unit policies and procedures to ensure early identification and management of special asset names for improvement of risk management in the bank
• Build and maintain productive and strategic relations with Customers/ Relationship Managers/ Legal/Credit/ and other stakeholders in order to drive sustainable and effective turnaround strategies
• To monitor accounts exhibiting weaknesses or potential weaknesses and recommend appropriate remedial intervention(s).

Job Requirements:

For the above position, the successful applicant should have the following:

• Bachelor’s degree preferably in Business Administration, Economics, Finance from an Institution recognized by CUE
• Professional qualifications in CPAK, ACCA, AKIB or Master’s degree is added advantage
• 10 - 15 years relevant experience in Corporate or Retail Banking with at least 10 years in Senior Management position in either Credit or Commercial Banking with credit recovery experience
• Relevant credit management experience locally or internationally
• Experience in the management of a P&L and balance sheet drivers while driving asset quality across client portfolios
• Demonstrated experience in people management and diverse stakeholder management that include relationships with government entities, legal practitioners and a variety of service providers
• Strong analytical, business development and solutioning skills