Portfolio Management Officer – Co-operative Bank of Kenya

Portfolio Management Officer – Co-operative Bank of Kenya
Location: Nairobi, Kenya
Application Deadline: 9th May 2025
Job Reference Number: PMO/CMD/2025
Employer: The Co-operative Bank of Kenya
Department: MIS & Statutory Reporting Unit

Join a Leading Financial Institution in East Africa
Are you passionate about financial data management, credit policy compliance, and delivering data-driven insights that drive organizational decisions? The Co-operative Bank of Kenya, a trailblazer in offering customer-centric financial services and solutions, is currently seeking an experienced and strategic Portfolio Management Officer to join its fast-paced MIS & Statutory Reporting Unit.

This role offers the unique opportunity to influence critical credit portfolio decisions while ensuring regulatory compliance and data integrity. If you possess a strong financial background, hands-on experience in credit portfolio reporting, and a desire to grow within a reputable bank, this opportunity is tailored for you.

About Co-operative Bank of Kenya
Founded on the principle of co-operativism, the Co-operative Bank of Kenya (Co-op Bank) stands as a key pillar in Kenya’s banking sector. With over 8 million account holders, cutting-edge digital solutions, and a strong commitment to empowering communities, Co-op Bank is a multi-award-winning financial services provider that continues to redefine banking experiences in Kenya and beyond.

From retail and corporate banking to digital innovations and inclusive finance, Co-op Bank supports diverse sectors including agriculture, SMEs, and large enterprises. The bank has consistently upheld its reputation for ethical banking, sustainability, and financial excellence.

Position Overview
As the Portfolio Management Officer, you will be responsible for ensuring that credit portfolios—specifically loans and overdrafts—are accurately classified, monitored, and reported in alignment with internal credit policy, Prudential Guidelines, and regulatory requirements. You will be required to analyze large datasets, ensure timely reporting, monitor covenant compliance, and offer strategic insights into the performance of the loan book.

This is a high-impact role that involves regular interaction with regulatory bodies (CBK, KBA, DFIs), external lenders, internal departments (Finance, Credit Operations), and senior bank leadership.

Key Responsibilities

1. Statutory Reporting and Credit Classification

• Prepare and submit statutory reports to external bodies like CBK, KBA, and DFIs with 100% accuracy and timeliness.

• Monitor and reclassify the loan portfolio as per CBK Prudential Guidelines and internal credit policies.

• Ensure proper categorization of impaired and non-performing loans (NPLs) for accurate provisioning.

2. Credit Data Analysis & Quality Control

• Review, validate, and interpret credit data models, data architecture, and parameters.

• Investigate inconsistencies or anomalies in loan data across branches and core banking systems (preferably Finacle).

• Ensure the completeness and accuracy of data collected from the Data Centre and other sources.

3. Regulatory Compliance & Risk Assessment

• Track and ensure compliance with external lender covenants, repayment schedules, and credit terms.

• Coordinate external and internal audits related to the bank’s credit portfolio.

• Participate in the updating and recalibration of IFRS 9 and EIR model computations.

• Advise Finance on the monthly provision requirements and interest adjustments for impaired loans.

4. Covenant Management & Lender Relations

• Manage external lender relationships by ensuring delivery of custom reports, performance updates, and risk disclosures.

• Address queries from development finance institutions and implement their credit review recommendations.

• Track variable base rates such as CBR and apply timely changes to customer portfolios.

5. Interest & Risk Model Accuracy

• Conduct forensic reconciliations to avoid over/undercharging interest on customer loans.

• Lead the design and enhancement of risk grading methodologies for MSMEs and personal loans to support risk-based pricing.

• Conduct revenue assurance reviews to ensure accurate interest computation and revenue reporting.

6. Loan Provisioning and Reporting Support

• Collaborate with Finance to update manual interest schedules and provision entries.

• Generate periodic loan portfolio reports that influence strategic decision-making at the executive level.

Ideal Candidate Profile

Academic Qualifications

• A Bachelor’s degree in Business, Finance, Accounting, Statistics, Economics, or a related field from a recognized university.

• Professional certification or training in Credit Analysis, IFRS 9, or Risk Management will be an added advantage.

Core Competencies

• Solid understanding of banking credit policies, CBK Prudential Guidelines, and regulatory frameworks.

• Proven experience working with IFRS 9 loan provisioning and credit reporting structures.

• Expertise in Microsoft Excel, Power BI, and data modeling tools.

• Knowledge of Finacle or other major core banking platforms.

• Excellent analytical and problem-solving skills.

• Ability to work independently under minimal supervision with a high level of accuracy and accountability.

• Strong interpersonal skills for managing stakeholder relationships with internal teams and external lenders.

Work Experience

• At least 3 years of experience in a bank or financial institution working in portfolio management, credit reporting, or financial risk.

• Hands-on experience with regulatory reporting, credit classification, or managing DFI lender relationships is highly desirable.

Why This Role Matters
This role places you at the core of decision-making in Co-operative Bank’s credit management function. Your work will directly impact:

• The bank’s financial provisioning strategy

• Its reputation with regulators and lenders

• The accuracy of risk-based pricing for loan products

• The management of interest revenue and loan performance

It’s a dynamic and mission-critical opportunity for a finance professional eager to leave a legacy of accuracy, efficiency, and compliance in one of Kenya’s most respected banks.

Equal Opportunity Employer
Co-operative Bank of Kenya is an equal opportunity employer. We are committed to diversity, equity, and inclusion and encourage candidates from all backgrounds—including women, persons with disabilities, and minorities—to apply.

How to Apply
If you believe you are the right person for this Portfolio Management Officer position and are excited about working in a forward-thinking banking environment, submit your application by 9th May 2025.

Send your:

• Application Letter

• Detailed CV

• Indicate the Job Reference Number: PMO/CMD/2025

To:
jobs@co-opbank.co.ke

Subject Line: Application for Portfolio Management Officer – PMO/CMD/2025

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