Credit Risk Analyst at Development Bank of Rwanda (BRD): (Deadline 18 March 2024)

1. Background Information

Job Title:  Credit Risk Analyst

Job Grade: 6

Department: Risk Management

Reports to: Enterprise Risk Manager

2. Purpose of the Job:

Under the direct supervision of the Enterprise Risk Manager, the Credit Risk Analyst will be part of the enterprise risk management team and is responsible for identifying, assessing, and measuring credit risks associated to the bank’s portfolio and stakeholder projects through SPIU, and ensuring appropriate risk controls and responses are developed, in relation to the portfolio monitoring, regulatory and internal reporting standards of the bank, as well as portfolio credit rating.

3. Main Responsibilities of the Job:

• Conduct Credit Portfolio Risk Assessments to identify potential risks for the Bank, and communicate findings and recommendations to relevant stakeholders, including senior management, through various management committees.
• Prepare regular and ad-hoc reports on credit risk metrics, portfolio performance, and emerging risks.
• Support the develop and maintain a comprehensive credit rating system for the portfolio/individual borrowers.
• Develop and Report the Internal Capital Adequacy Assessment Report (ICAAP) of the Bank,
• Develop and Report quarterly on the Bank Stress testing framework.
• Monitor changes in portfolio quality and assess their impact on overall Credit Risk Portfolio.
• Ensure compliance with internal credit risk policies, external regulatory requirements, and industry best practices.
• Proactively identify opportunities for process improvement in credit risk assessment and reporting.
• Evaluate new projects, or partner projects such as World Bank from initiation stage, for potential credit risk, working closely with project teams (SPIU) to understand financial implications.
• Conduct scenario analysis/stress testing and assess the results of stress testing scenarios to understand the potential impact of adverse economic conditions on the credit portfolio
• Develop monitoring plan and conduct the credit risk monitoring for the projects financed by the Bank.
• Analyze credit risk at the project development stage and ensure adherence to established credit policies and BNR regulations or guidelines.
• Provide training and knowledge-sharing sessions on credit risk concepts, methodologies, and emerging trends within the organization, and more specific to the business and credit teams as the credit risk owners.

4. Performance Indicators

• Effectiveness of risk mitigation strategies and actions taken to reduce credit risk.
• Compliance with relevant regulatory requirements and standards related to credit risk management.
• Effectiveness of credit monitoring processes and turnaround time in implementing the monitoring calendar.
• Quality of the Credit Risk Reports and Turnaround time in delivering the reports.
• Participation in periodic knowledge sharing sessions through the number of Credit Risk Newsletter published.
• Number and impact of the innovative solutions to improve the Credit Risk Management processes of the Bank.

5. Working Relationships

• Credit Operations & Reporting Unit.
• Business Development Department.
• Credit Monitoring Unit.
• Workout & Recovery Unit.
• Human Capital and Corporate Services Department.
• Department of Company Secretary and General Counsel.
• Finance Department.

6. Professional, Academic Qualifications and Experience

• Preferably a minimum of 3 years of relevant professional experience in banking and/or finance
• At least an undergraduate degree or its equivalent in Mathematics, Finance, Banking, Economics, Business Administration (with a major in Finance) or similar quantitative disciplines. MBA or relevant master’s degree will be added advantage.
• Professional certification such as Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Certified Public Account (CPA), Certified Credit Professional or another relevant certificate will be added.

7. Core Competencies

Given the analytical nature of the role, the successful candidate will be highly numerate with the following experience and skills:

• Working knowledge and experience in credit risk analysis. Working knowledge of banking laws and regulation in Rwanda.
• Strong analytical skills with the ability to interpret complex financial data.
• In-depth knowledge of credit risk modeling, portfolio analysis, and risk management principles.
• Familiarity with regulatory requirements and industry standards related to credit risk.
• Excellent communication and presentation skills.
• Ability to work collaboratively in a cross-functional environment.
• Proficiency with a variety of computer software applications, including MS Word, Excel, Power Point, use of analytical tools and financial modeling.
• Highly self-driven
• Ability to manage multiple conflicting priorities across multiple projects/initiatives.
• High level of integrity and Excellent oral and written communication skills.