Jobs at Old Mutual, Nairobi, Kenya

Credit Monitoring and Reporting Officer

Contribute to the overall risk management strategy of maintaining/ reducing the level of risk as business expands.
Qualifications 
o    Bachelor’s degree in a business or finance related field.
o    3 years’ experience in all aspects of lending i.e. risk assessment, monitoring and control of loans
o    Loan documentation and securities.
o    Advanced knowledge in data analytics, MS-Excel.
Responsibilities
o    To ensure loan schedules are correctly computed and set up in the core banking system (Principal & Interest)
o    To ensure the IFRS 9 runs are conducted on a monthly basis
o    To ensure the written contracts are maintained in the system
o    To ensure daily recovery reports are available
o    To ensure Loan Risk Classification is correct as per Central Bank’s prudential guidelines
o    To undertake detailed portfolio analysis and identify early warning signs so as to inform decisions
o    To undertake scenario & Sensitivity Analysis to assess impact of undesirable macro-economic and other industry effects on loan portfolio and advise management
o    To ensure loan portfolio recovery Process complies with Credit Policy and relevant regulation
o    To undertake data clean up and ensure various employers are mapped correctly as per MOUs, correct portfolio relationship officer responsibility mapping
o    To monitor portfolio sector Limits and advise management on trends
o    To prepare in a timely manner all credit department reports which includes Old Mutual Group reports
o    To undertake product set up reviews in the core banking system as per the approved fact sheet and assurance of other core system functionalities
o    To participate in all internal and external credit audit exercises, track and monitor audit recommendations to ensure closure
o    Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
o    Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within area of responsibility

How to Apply


Assistant Legal Officer

Reporting to the Head of Legal, the job holder position will be responsible for handling perfection of Legal/Credit Documentation relating to approved facilities by providing high level quality support to Credit Department, business teams and related units while providing independent control over the credit documentation and securitization process, as well as General Conveyancing and Commercial.
Qualifications
o    Bachelor of Laws degree from a recognized University
o    Post Graduate Qualifications- Diploma in Law
o    Advocate of the High Court of Kenya with current practicing certificate
Responsibilities
o    Processing of instructions to External Advocates upon receipt of duly approved Credit Approval, observing turn-around time and high standards of accuracy.
o    Ensure the appropriate security documentation on the Bank’s Standard forms have been properly prepared before execution by the Bank.
o    Liaising with Branch, Credit Department and external legal counsel on security documentation process and ensuring that security documentation and other conditions of sanction have been perfected/ completed.
o    Drafting and review of  Bank’s contracts, commercial agreements , Leases and Licenses and providing sound legal and commercially focused advice to the business units on the same.
o    Supporting Head of Legal in providing sound, accurate, decisive and timely legal advice to Business Units.
o    Managing external legal panel and security perfection processes in a timely manner and advising the bank on the status of all matters.
o    Reviewing the department’s processes and policies to ensure they are in line with legal and regulatory requirements.
o    Identifying, mitigating and escalating legal risk within a formal reporting framework for the different business units and working with function heads to mitigate risk.
o    Keep abreast and advise on emerging, revised or new regulatory requirements, Bills and regulations.
o    Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
o    Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibility

How to Apply

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