Collateral Monitoring Officer
Kampala * Full-time
DFCU Bank
Category: Banking
Total Positions:
Location: Kampala
Full-time
Salary: Attractive
Posted 8 months ago
KEY DUTIES AND RESPONSIBILITIES
• Conduct detailed assessments of vehicles, plant machinery, and stock to verify their operational and mechanical condition before loan disbursement.
• Track the lifecycle and operational status of assets financed by the bank, conducting periodic inspections in line with the bank’s guidelines and asset risk profiles. Perform follow-up inspections to confirm that assets remain in good working order and comply with loan terms throughout the loan period.
• Oversee the installation of tracking devices into all bank financed assets improving visibility, tracking operational hours and asset performance data reducing the risk of asset redundance and improving on the recovery process in the event of default.
• Review exceptional reports prepared by the Portfolio Monitoring Officer, providing recommendations to minimize asset deterioration, enhance asset performance, and reduce risks to the bank’s financed assets.
• Prepare and submit detailed inspection reports with findings, including any discrepancies, issues, or concerns with asset conditions, to the relevant internal stakeholders.
• Review customers with ongoing credit line lease facilities and trade finance credit lines, prepare semi-annual reports on collateral status, and maintain the protection of the bank’s interests.
• Oversee the activities of the service provider performance in line with third party risk management policy and guidelines.
• Review all processes and adhere to laid down controls and procedures in accordance with bank policies and Prudential Guidelines issued by the Central Bank and any other relevant regulatory requirements.
Recommended for you
QUALIFICATIONS / SKILLS
• Bachelor or above Degree in Mechanical Engineering, Motor vehicle mechanics or related subjects.
• An engineering certification/accreditation is a must have.
• Proven working experience as auto mechanics and mechanical engineering.
• Excellent knowledge of mechanical, electrical and electronic components of vehicles, plant and machinery.
• Working knowledge of vehicle inspections.
• Ability to handle various tools to prob client staff in due course of work.
• Willingness to observe all safety precautions for protection against accidents, dangerous fluids, chemicals etc.
• Excellent physical condition.
• Ability to manage complex and multifaceted stakeholders.
• Effective communicator.
• Excellent negotiation and stakeholder management skills.
• Good planning and organizational skills.
• Demonstrates attention to detail.
• Excellent understanding of the banking act and prudential guidelines.
• Good knowledge of banking products and evolving credit risk management systems; and Good understanding of legal risks and laws applicable to Banking and Finance relating to lending and credits documentation.
HOW TO APPLY
If you believe you meet the requirements as noted above, please use the link below to apply;
careers.dfcugroup.com
Once there, click on “Career Opportunities” to get started. (We recommend using Google Chrome for the best experience.)
Deadline: Expired
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