Chief Credit Officer

Job Categories:


Date Posted:


Employment Type

Full Time






Job Purpose
The Chief Credit Officer will ensure effective monitoring and control of the Credit department and compliance to Group Credit Policy and Bank of Zambia (BOZ) regulations.

Summary of Key Responsibilities;
  • Ensure credit risk governance adherence as well as implement governance specifications as per the Group Credit Policy.
  • Ensure that portfolio and segment level policies, standards, minimum requirements and interpretations of regulations are in place.
  • Review and challenge Institutional risk mandates for consistency with Group risk appetite.
  • Formulate credit strategy based on target market and products, in alignment with the Group
  • Ensure robust credit origination and approval processes within approved delegated mandates, credit policy and risk appetite are in place.
  • Ensure that measurement and assessment of credit risk is done through appropriate risk quantification and use of ratings and supporting quantitative or qualitative models. 
  • Ensure that stress testing is done and that remedial measures are taken were necessar
  • Ensure that legal and operational risk requirements are adhered to by the Bank
  • Consistent reporting of credit information and aggregation into Institution and segment views for reporting to Group Credit.
  • Ensure compliance with the Group Credit impairment framework as well as monitor credit impairment levels for adequacy and present the portfolio’s impairment results to Group Credit on a monthly basis.
  • Ensure sufficient systems and processes exist to report credit risk data and management information including regulatory returns.
  • Appraise and prepare Credit proposals including analysis of financial statements, identification, mitigation and management of Risks.
  • Submit reports to Credit Committee on Credit matters and preparation of credit committee files and minutes.
Required Skills
  • Business awareness, leadership and management skills;
  • Organizational skills and the ability to understand detailed information;
  • Computer and numeracy skills, with strong skills required for /Excel and Credit Workflow systems
  • Credit underwriting and decision making
  • Strong interpersonal skills to form effective working relationships with people at all levels;
  • Must have high integrity and must be approachable

Primary Areas of Accountability:
Qualification and Experience
  • A Bachelor's Degree in Business or Social Sciences or any related field
  • A Master’s Degree or MBA in Finance would be an added advantage. .
  • Minimum of seven (07) years’ experience in a Banking environment
  • Experience in dealing with Senior/Executive Management
  • Good knowledge of Bank of Zambia guidelines and other relevant Credit related Regulations including Basel II
  • Experience of presenting to and communicating with senior management and the Board
  • Proven experience in credit underwriting/analysis, credit evaluation and control
  • At least three years (03) years’ experience at senior management/department Head level
  • Must be a  member of the Zambia Institute of Banking and Financial Services (ZIBFS) or similar institution

If you meet the minimum hiring requirements for the above position, please email your CV and Cover letter clearly stating your salary expectations to : and Copy-in  
Note that, all communications will be kept in the strictest of confidence. If you do not receive communication within 21 days of the closing date of the advert, please consider your application unsuccessful.