Sophy Mwende

Credit Risk Management professional with over 10 years’ experience. Result oriented, reliable quick learner with admirable organizational skills, self-motivated, goal oriented, with a keen attention to detail and a team player.

Diversified Skills include, Collateral management, Facility disbursement procedures, monitoring of credit portfolio in adherence to the credit policy and regulatory requirements and Operational risk management with regards to credit administration

March 2022 to Date:             Bank of Africa Kenya Limited 

            Manager, Credit and Legal Documentation

            Reporting to: Head of Legal and Credit Documentation

Reportees: Four Officers 

In charge of: 

• Oversight on submission of accurate and complete recommendation made for Disbursement following full compliance with the approval terms and conditions and receipt of complete documentation as required by the approval terms.Swift Operations
• Oversight on Preparation of accurate Retail and corporate Letters of Offers in full compliance with the approval terms and conditions and within agreed TAT following receipt of the approval and complete documentation and ensuring execution and dispatch following receipt of conclusive feedback from the business.Trade Finance

• Oversight on Insurance and timely renewal of insurance covenants to ensure they are effected as and when they fall due in full compliance with the approval terms and conditions to protect the Bank’s interest.

• Oversight on timely Renewal of other renewable covenants including Land Rent, Land Rates, Valuation Reports, Annual Returns, Tracking Devices and Bank Guarantees to ensure renewals are effected in a timely manner as and when they fall due.

July 2020 to Feb 2022:         Bank of Africa Kenya Limited 

            Manager, Global Operations

            Reporting to: Head of Operations

Reportees: Three Team Leaders, 7 Officers 

In charge of: 

• Treasury Back office
• Swift Operations
• Custodial Services
• Trade Finance

July 2018 to June 2020:        Bank of Africa Kenya Limited 

            Manager, Credit Administration

            Reporting to: Head of Operations

Reportees: Two Team Leaders, 2 Credit Officers and 3 Credit assistants

Functional Tasks

• Validation of entries generated in Credit Administration, namely booking of Loans, Guarantees, Invoice Discounting and Librop Entries. 
• Validation of marking of limit and corresponding interest conditions on facilities for the Bank clients, Banks and staff accounts.
• Oversee Disbursements of Loan facilities and ensuring the monies disbursed are allocated to the right purposes e.g. payment of vendors or repayment of loan accounts.
• Oversee the checking of securities and approval conditions and ensure they are met before disbursement of the facilities
• Preparation and coordination and chairing of the Credit Unit meeting.
• Coordination of the reports to the Management.
• Oversee Grading and classification of account for CBK and Management purposes.
• Oversee Guarantee booking, validation and maintenance and Commission recovery. Both Guarantee received and Guarantee issued.
• Validation and transmission of CBK Reports (PR 4 1-6) on monthly basis.
• Ensure compliance with CBK Prudential guidelines on facilities.
• Assist Auditors and lawyers during due diligences and Audits (both internal and external).
• Induction and Training of staff on Credit Administration issues.
• Assist Head of Operations on Special project and ad hoc issues.
• Annual Audit confirmations for clients.
• General review and monitoring of the Loan portfolio to ensure facilities are as performing as expected.
• Attend to customer queries.

Supervision Tasks

• Ensure SLAs with other departments are complied with.
• Collections of commissions (processing fees, guarantee commissions etc).
• Operational Risk Management.
• Guide and Direct staff in the unit on achieving the department’s objectives.

July 2015 to July 2018:         Bank of Africa Kenya Limited 

            Assistant Manager, Credit Administration

            Reporting to: Head of Operations

Reportees: Two Team Leaders, 2 Credit Officers and 3 Credit assistants

Functional Tasks

• Validation of entries generated in Credit Administration, namely booking of Loans, Guarantees, Invoice Discounting and Librop Entries. 
• Validation of marking of limit and corresponding interest conditions on facilities for the Bank clients, Banks and staff accounts.
• Oversee Disbursements of Loan facilities and ensuring the monies disbursed are allocated to the right purposes e.g. payment of vendors or repayment of loan accounts.
• Oversee the checking of securities and approval conditions and ensure they are met before disbursement of the facilities
• Preparation and coordination and chairing of the Credit Unit meeting.
• Coordination of the reports to the Management.
• Oversee Grading and classification of account for CBK and Management purposes.
• Oversee Guarantee booking, validation and maintenance and Commission recovery. Both Guarantee received and Guarantee issued.
• Validation and transmission of CBK Reports (PR 4 1-6) on monthly basis.
• Ensure compliance with CBK Prudential guidelines on facilities.
• Assist Auditors and lawyers during due diligences and Audits (both internal and external).
• Induction and Training of staff on Credit Administration issues.
• Assist Head of Operations on Special project and ad hoc issues.
• Annual Audit confirmations for clients.
• General review of the Loan portfolio to ensure facilities are as expected.
• Attend to customer queries.

Supervision Tasks

• Ensure SLAs with other departments are complied with.
• Collections of commissions (processing fees, guarantee commissions etc).
• Operational Risk Management.
• Guide and Direct staff in the unit on achieving the department’s objectives.

January 2014 to July 2015:  Bank of Africa Kenya Limited 

Senior Credit Officer

Reporting to: Head of Operations

Reportees: Two Team Leaders, 2 Credit Officers and 3 Credit assistants

Functional Tasks

• Validation of entries generated in Credit Administration, namely booking of Loans, Guarantees, Invoice Discounting and Librop Entries. 
• Validation of marking of limit and corresponding interest conditions on facilities for the Bank clients, Banks and staff accounts.
• Oversee Disbursements of Loan facilities and ensuring the monies disbursed are allocated to the right purposes e.g. payment of vendors or repayment of loan accounts.
• Oversee the checking of securities and approval conditions and ensure they are met before disbursement of the facilities.
• Preparation and coordination and chairing of the Credit Unit meeting.
• Coordination of the reports to the Management.
• Oversee Grading and classification of account for CBK and Management purposes.
• Oversee Guarantee booking, validation and maintenance and Commission recovery. Both Guarantee received and Guarantee issued.
• Validation and transmission of CBK Reports (PR 4 1-6) on monthly basis.
• Ensure compliance with CBK Prudential guidelines on facilities.
• Assist Auditors and lawyers during due diligences and Audits (both internal and external).
• Induction and Training of staff on Credit Administration issues.
• Assist Head of Operations on Special project and ad hoc issues.
• Annual Audit confirmations for clients.
• General review of the Loan portfolio to ensure facilities are as expected.
• Attend to customer queries.

Supervision Tasks

• Ensure SLAs with other departments are complied with.
• Collections of commissions (processing fees, guarantee commissions etc).
• Operational Risk Management.
• Guide and Direct staff in the unit on achieving the department’s objectives.

January 2013 to December 2013:    Bank of Africa Kenya Limited 

Credit Officer

Reporting to: Credit Manager

Reportees: 3 Credit Assistants

• Validate transactions in the core banking system generated in the department (Loans, Invoice Discounting, Guarantees, etc).
• Verification of credit documentation memos prior to disbursement to ensure conformity with approval.
• Confirmation of processed transactions (Call over of reports the next day).
• Preparation, transmission and maintenance of Reports to CBK (PR4, 1-6) and Compliance Report on monthly basis.
• Marking and maintenance of Credit line, limits and interest conditions on client, staff and Bank accounts. 

November 2009 to December 2012:             Bank of Africa Kenya Limited 

Credit Assistant:

Reporting to: Credit Manager

• Classification and Grading of client accounts. 
• Guarantee/ Bonds issuance, maintenance cancellation and commission recovery.
• Marking and maintenance of Credit lines and limits on client, staff and Bank accounts. 
• Drafting of facilities offer letters for personal, corporate and SME borrowers.
• Daily overstepping of clients for the whole Bank portfolio to ensure that any overstepping is authorised and to highlight clients that need to be followed up to cover their accounts.
• Follow up on insurance of the portfolio and liaison with contact persons for group schemes.
• Weekly Compliance report generation so as to highlight the Bank’s position in comparison with previous trends and CBK requirements.
• Follow-up on documentation as per the covenants in the offer letter before disbursement of funds to ensure that all security documentation is in place to reduce the Bank’s exposure.
• Lodging of securities in the system as they are received so as to have an up to date report of the value of security held by the Bank.
• Valuations reports. Instructions and review.
• Secretary to departmental credit administration meetings.
• Handle Client, commercial department and branch enquiries on a case to case basis.

2014 to date:               The University of Nairobi

Masters in Business Administration (On going)

2005 - 2009:                The University of Nairobi

Bachelor of Science (General) Math Major in Statistics (Second Class Honors’ upper   division)

2000 – 2003:               Buruburu Girls Sec. School 

Kenya Certificate of Secondary Education [K.C.S.E.] Grade A-

1991 -1999:                 Unity Primary School 

Kenya Certificate of Primary Education [K.C.P.E.] 497 Marks