Assistant Manager, Credit (Financial Institutions and Sovereigns)

Our Client the African Export-Import Bank AFREXIMBANK is looking to recruit an Assistant Manager, Credit (Financial Institutions and Sovereigns) within the Trade Finance department in Cairo, Egypt.

The role of the position holder will be to support the business development team by managing the entire credit review process, including the consistent application of the Bank’s risk management guidelines through the assessment of the creditworthiness of potential customers, with the goal of minimizing bad loans, particularly for the Bank’s loans to financial institutions and sovereigns.

 

Responsibilities

  • Participate in the preparation of annual business development plans, covering all aspects of the Bank’s business cycle as espoused in the Bank’s strategic plan.
  • Review of creditworthiness and risks associated with potential business transactions with appropriate tools and models, with a view to providing mitigants to identified risks for loans to financial institutions and sovereigns.
  • Preparation of appropriate credit memos with recommendations on the creditworthiness of given transactions, bearing in mind the Bank’s laid out credit policy and procedures.
  • Presentation and defense of credit memos to the Credit Committee and incorporation of amendments that may be suggested thereto.
  • Opening and managing customer credit files for each transaction to ensure consistency in the application of credit assessments.
  • Periodic review of the Bank’s loan portfolio in line with the requirements of the Bank’s credit policies and procedures.
  • Periodic review of the performance of obligors to which the Bank has an exposure, including borrowers and guarantors.
  • Prepare regular reports for Management as may be required; and
  • Any other duties as may be assigned by senior management

 

Qualifications, Skills, Knowledge, and Attitude

  • Postgraduate degree in Business Administration, Banking or Finance from a recognized University or a professional qualification in Banking or International Trade Finance is a must.
  • Sound experience of at least 5 years with a leading organization and familiarity with the Bank’s major business development channels in trade finance, project finance, export development, asset financing, and syndications.
  • Demonstrated understanding of the Bank’s major product offerings to clients especially syndication, co-financing, club deals, correspondent banking products including letters of credit, factoring, forfeiting, structured trade finance, carbon financing, corporate finance risk participations, project-related financing, and considerable knowledge of how this work.
  • Demonstrated understanding and experience of lending to financial institutions and sovereigns as well as the structured trade finance operating model as a basis for the mitigation of identified risks in potential business transactions.
  • Ability to communicate and function in a culturally diverse and change-oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of Africa.
  • Excellent verbal and written communication skills in English or French. Knowledge of the Bank's other working languages is an added advantage
  • Willingness to travel extensively and to work long hours were required to achieve the Bank's objectives.
  • Demonstrated leadership capabilities, including the ability to organize and manage human resources to attain goals.

 

Contract type – Permanent

The closing date for applications is 21st of September 2021

If you are interested to apply for this role, please reach out to Maysa Zaker at AIMS International Egypt directly at maysaz@aimsegypt.net