Vacancy title:
Monitoring & Control Manager

Jobs at:
DFCU Bank

Deadline of this Job:
28th February, 2017

Duty Station:
Kampala, Uganda

Job details:
Reports to: Senior Credit Operations Manager

About US:
DFCU bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary: The Monitoring & Control Manager will enforce compliance to Credit Policy, Financial Institutions Act, pre and post disbursement conditions of sanction including but not limited to financial and non-financial covenants, so as to ensure high quality of the asset book, minimize losses and avoid penalties from the Central Bank.

Key Duties and Responsibilities:
• Ensure compliance with all relevant regulatory and statutory requirements like BOU, Auditors (External), URA, Funders, Credit Reference Bureau, Sanctioned conditions have been adhered to avoid penalties to the Bank.
• Capture all (non) financial conditions & covenants, Internal Triggers in tracker & their frequency of review (both one off & ongoing) and enforce the execution of the same so as to achieve a high quality asset book and minimize losses.
• The jobholder will verify that the approved loans and advances and static data captured in the system is accurate, monitor post disbursement transactions on a daily basis for borrowing accounts in the system and flag them for action e.g. expired insurance, waivers and dispensations, expired Valuations, unfulfilled sanctioned conditions etc.
• External co-ordination with suppliers of leased assets for full compliance with importation requirements, accurate disbursements to the actual suppliers and timely delivery of the imported
• equipment to avoid fraud and timely purchase of quality equipment with proper verification and title and within the agreed facility amount.
• Daily reporting on key risk areas; excesses/arrears; progress on pre and post disbursement conditions & covenants tracker, review of account triggers i.e. Declining customer turnover, annual reviews due or overdue, limits due to expire, outstanding security (perfection), insurance, follow up on previous commitments and follow up on the same with the RMs and Business Bankers.
• The incumbent will recommend improvements to the company’s credit policies and procedure to contribute to improving profitability.
• Ensure timely reconciliation on all credit reconcilable accounts by the 5th working day of every new month.

Qualifications, Skills and Experience:
• The applicant for the DFCU Monitoring & Control Manager career opportunity should hold a relevant university degree
• At least four years of banking experience
• Extensive knowledge of the principles and practice of banking acquired through professional qualifications
• In-depth knowledge of the Bank’s Credit policies and FIA guidelines.
• Effective communication, good interpersonal and research skills.
• Broad knowledge of Consumer Banking and DIB lending and different products offered
• Good credit analysis skills and conceptual understanding of the business
• Computer literacy i.e. proficient with Microsoft desktop and Finacle for efficient monitoring and report making.
• Self-motivation, result orientation with ability to make appropriate decisions as and when required; and ability to work under minimum supervision.
• Underwriting standards and good working knowledge of the operations of other departments

Job application procedure
All candidates who so wish to join the banking sector in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates to: Vacanciesbank@dfcugroup.com