Credit & Risk Manager – Careers Malawi

Masters Finance Ltd · Lilongwe, Malawi

Posted November 25, 2025Listing expires December 2, 2025

JOB ADVERT –CREDIT & RISK MANAGER

About Masters Finance Ltd

Masters Finance Ltd is a newly established Deposit Taking Microfinance Institution committed to providing modern, inclusive, and technology-driven financial services to economically active Malawians. As we establish five branches and prepare for our transition into a commercial bank, we are strengthening our leadership team to ensure sound credit management and robust risk governance.

We therefore invite applications for a highly experienced and analytical Credit & Risk Manager to lead our credit operations and enterprise-wide risk management functions.

Position: Credit & Risk Manager

Location: Lilongwe, Malawi

Reports To: Head of Credit

Key Purpose of the Role

To provide strategic leadership for the credit and risk functions, ensuring high-quality loan portfolio growth, sound underwriting standards, effective risk controls, and compliance with Reserve Bank of Malawi (RBM) prudential guidelines. The role ensures that Masters Finance Ltd maintains a healthy credit book, strong risk culture, and sustained financial stability.

Key Responsibilities

1. Credit Operations Leadership

• Develop and implement credit policies, procedures, and risk-based lending frameworks.

• Oversee loan origination, assessment, approval, disbursement, monitoring, and recovery.

• Ensure consistent credit underwriting standards across all branches.

• Review high-risk or high-value loan applications and provide recommendations to the Credit Committee.

• Analyse portfolio trends, delinquency patterns, and credit performance.

2. Portfolio Management & Quality Control

• Monitor Portfolio at Risk (PAR), provisioning levels, and loan classification in line with RBM directives.

• Develop early warning systems and initiate corrective action on deteriorating accounts.

• Conduct branch-level credit audits and loan book health assessments.

• Lead recovery campaigns for delinquent accounts.

3. Enterprise Risk Management

• Develop and maintain a comprehensive enterprise risk management framework.

• Identify, assess, and monitor key risks across all departments (credit, operational, market, liquidity, ICT, compliance).

• Maintain an updated Risk Register and deliver periodic risk assessments.

• Coordinate stress testing and scenario analysis.

4. Regulatory Compliance & Reporting

• Ensure full compliance with RBM prudential guidelines, IFRS 9, AML/CFT, and internal policies.

• Prepare periodic credit and risk reports for Management and the Board Risk Committee.

• Support regulatory inspections and audits.

5. Leadership & Capacity Building

• Coach and support branch credit teams to enhance credit discipline and operational efficiency.

• Conduct training on credit analysis, risk awareness, AML/CFT, and loan monitoring.

• Promote a strong risk culture across the organisation

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Economics, Banking, or related field.

• A professional certification (FRM, CRM, CPA, ACCA, CISA) is an added advantage.

• Minimum 5 years experience in risk management within financial services, banking, or microfinance.

• Strong understanding of RBM regulatory frameworks, IFRS 9, and enterprise risk practices.

• Demonstrated experience in credit analytics, operational risk, or compliance.

• Excellent analytical, communication, and report-writing skills.

• Minimum 5–7 years’ experience in credit management or risk management, preferably within banking or microfinance.

• Strong understanding of RBM prudential guidelines, credit methodologies, and risk frameworks.

• Hands-on experience in loan portfolio management and credit operations.

• Strong analytical, financial modelling, and reporting skills.

Personal Attributes

• Strong ethical standards and integrity

• Analytical and detail-oriented

• Proactive problem-solver

• Strong leadership and stakeholder management

• High proficiency in Excel, data analysis, and risk modelling

• Ability to work under pressure and meet strict deadlines

• Sober habits with a clean Driver’s licence.

How to Apply

Submit a motivation letter, updated CV, certified copies of r certificates, and three professional and traceable referees to:
Email: info@mastersfinance.co.mw

Subject Line: Application for Credit & Risk Manager

Application Deadline: 6 December 2025

Only shortlisted candidates will be acknowledged. Applications will be treated on a rolling basis.

Masters Finance Ltd is an Equal Opportunity Employer and encourages applications from qualified men, women, and persons with disabilities.

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