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DFCU Bank is a leading financial institution in Uganda dedicated to transforming lives and businesses through innovative financial solutions that drive economic growth and financial inclusion. Established in 1964 as the Development Finance Company of Uganda, the bank has grown from a development finance institution into a full-fledged commercial bank, with a significant milestone being its acquisition of Crane Bank in 2017. Recognized for its strong financial performance, customer service excellence, and digital banking innovations, dfcu Bank has received multiple industry awards and remains a trusted partner for individuals, SMEs, and corporate clients.
The bank fosters a dynamic and inclusive work culture that emphasizes integrity, customer focus, innovation, teamwork, and excellence, offering employees professional growth, career advancement opportunities, and competitive benefits. With a strong presence across Uganda through an extensive network of branches, ATMs, and digital banking services, dfcu Bank continuously invests in technology to enhance accessibility and efficiency.
Committed to corporate social responsibility, the bank actively supports financial literacy programs, women empowerment initiatives, environmental sustainability efforts, and youth entrepreneurship. Headquartered at 26 Kyadondo Road, Kampala, Uganda, dfcu Bank remains a key driver of financial empowerment and economic development in the country.
Full-time
Credit Risk Specialist - Assessment & Validation Job at dfcu Bank
dfcu Bank
Job Description
The Credit Risk Specialist is responsible for driving the validation of model-based credit decisions and guidelines to achieve standardization. The role involves performing detailed market assessments to minimize shocks from macro-economic changes and sector trends, as well as analyzing credit portfolio performance.
Duties, Roles and Responsibilities
- Be responsible for the collation, analysis and publication of the Key Credit Risk and Performance Indicators and perform monthly trend analysis.
- Proactive assessment of Industry/ Sector performance and risk to guide prioritization of business efforts.
- Conduct Macro economic analysis and forecasting and advise the bank on possible impact to performance.
- Participate in conducting of periodic Credit stress tests and scenario analysis, assessing the impact of the Bank’s credit portfolio and making appropriate recommendations to senior management for action.
- Design relevant reporting tools and templates.
- Timely preparation of comprehensive and reliable credit risk reports on a monthly and quarterly basis.
- Review the Bank’s credit analytics to enhance its accuracy and support in the review, understanding and management of model risk to mitigate losses arising from errors.
- Assess the quality of the overall loan portfolio through trends and other analytical risk indicators, to improve credit collections and recoveries.
- Benchmarking quantitative and qualitative risk appetite and tolerances, as well as limit structures, relative to sound industry standards and regulatory expectations.
- Analyze performance qualitatively and/or quantitatively, detecting problems and/or deviations, and recommend actions to mitigate losses and improve performance and profitability.
- Validation of assumptions, formulae and methodologies in the guidelines and processes for developing models (corporate rating model, retail scoring model etc.).
- Validation of the statistics used in portfolio analytics such as credit limit setting, loss forecasting, allowance for portfolio losses, loan stress testing, and capital allocation.
- Validation of risk grading and rating frameworks, rating processes and rating parameters (EL, PDs, LGDs, EAD etc.).
- Validation of pricing and capital allocation models, RAROC framework and Credit Var estimation.
- Validation of regulatory Capital estimation (Standardized approach and Internal Rating Based approach).
- Validation of compliance with regulatory and statutory loan loss provisioning standards.
- Perform regular portfolio surveillance including earnings review and credit market spreads.
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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