Chief Credit Officer

First Capital Bank - Location: Zambia, Lusaka

Job closed


Contract type
Application deadline


Chief Credit Officer

The following position are vacant in the Credit Department

Job Title: Chief Credit Officer
Reports to: Chief Executive Officer

Job Purpose:

To ensure effective monitoring and control of the Credit Department and compliance to Bank Credit Policy and Bank of Zambia (BOZ) regulations.

Job Accountabilities

  • Incumbent will deal with the accountabilities as outlined below and others as may be assigned:
  • Formulate credit strategy based on target market and products.
  • Formulate the Bank’s credit risk appetite
  • Ensure that portfolio and segment level policies, standards, minimum requirements and intemrctations of regulations are in place.
  • Ensure credit risk governance adherence as well as implement governance specifications as per the Bank’s credit policies.
  • Ensure that legal and operational risk requirements are adhered to by the Bank
  • Review and challenge the Bank’s institutional risk mandates for consistency with the Bank’s credit risk appetite.
  • Ensure that appropriate credit specific technology and tools are in place and maintained.
  • Ensure that appropriate engagement of external service providers is implemented, maintained and measured.
  • Ensure that 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, use of ratings and supporting quantitative or qualitative models.
  • Ensure appropriate policies and structures are in place to manage excesses, expired limits and covenants.
  • Ensure that appropriate policies and structures are in place to cure, recover or write off non-performing accounts.
  • Ensure that appropriate policies and structures are in place to provide against expected credit losses.
  • Ensure that appropriate structures are in place to report portfolio information to Internal and external stakeholders, including any non-compliance.
  • Ensure that credit portfolio stress testing is done and that remedial measures are taken were necessary

Required Competencies/ Expericncc

Critical Knowledge/qualification:

  • A Bachelor’s Degree in Business, Accounting or Legal
  • A Master’s Degree or MBA in Finance would be an added advantage.
  • At least seven (7) years’ experience in corporate credit underwriting/analysis, credit evaluation and control.
  • At least three years (03) years’ experience at Chief Credit Officer level.
  • International Financial repolting Standard 9 (IFRS9)
  • Being a member of the Zambia Institute of Banking and Financial Services (ZIBFS) or similar institution would be an added advantage

Critical 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 /Fxcel and Credit Workflow systems
  • Credit underwriting and decision making
  • Problem solving and innovation
  • Strong interpersonal skills to form effective working relationships with counterparts at all levels;
  • Contract management and interpretation
  • Commercial business rationale

Critical Experience:

  • Minimum of seven (07) years experience in a bank corporate credit management environment
  • Experience in dealing with Senior/Executive Management
  • Good knowledge of Bank of Zambia guidelines and other relevant
  • Credit related Regulations including Basel 11
  • Experience of presenting to and communicating with senior management and the Board


Min education
Primary school
Required experience
4 Years
Not defined
Not defined
Not defined



Employer name

First Capital Bank

Did not find vacancies of your interest?

Register to be informed when we have suitable positions for your profile.
By registering, you accept our Terms and conditions