Chief Risk Officer

As a background, FMFB-A started its operation in 2004 and is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in different countries throughout the world. It is affiliated with the Aga Khan Development Network (AKDN), a group of development agencies working in health, education, culture and rural economic development.

Job Summary:

The Chief Risk Officer (CRO) holds the pivotal role of guiding the creation and roll-out of the bank's risk management capabilities. Additionally, the CRO lends expertise to the board in its development of the bank's risk appetite and in translating the risk appetite into a risk limits structure.

Duties and Responsibilities:

• Building a robust risk management framework and architecture for the Bank, bringing together several teams (operational risk, credit risk, enterprise risk management, interest rate and market risk, stress testing, modelling and analytics) and managing the enterprise-wide risk.
• Building and leading a highly collaborative and proactive risk function that can navigate the increasingly complex business and regulatory environment.
• Ensuring a system-wide view and understanding of the combined risks of the business and their inter-relationships (interest rate risk, liquidity risk, operating risk, credit risk, reputational risk, regulatory risk).
• Embedding a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework.
• Partnering effectively with third parties, regulatory bodies and others, as appropriate and serving as a role model for high personal and corporate ethical values and standards of integrity.
• Responsible for compiling, assessing and reporting risk information to the bank management and the Board of Supervisors.
• Managing the regulatory risks and controls for the assigned regulation, law or line of business to ensure compliance with applicable laws and regulations.
• To work with management to ensure a system is in place which ensures that all major risks of the bank are identified and analyzed.
• Maintain a risk register based on the identified applicable laws and regulations, fraud schemes, and AML, etc considerations.
• Assist in the development and monitoring of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures.
• Identify emerging risks that present new regulatory, fraud, or money laundering risks. These include risks associated with new products and services, customer types, geographies, and channels.
• Coordinate the collection of risk information from source systems, departments, and reporting. Analyze the data and apply it to various key risk areas to update the risk profile.
• Any other related tasks assigned by the supervisor/s.

Education:

A minimum of Bachelor’s degree in one of the following disciplines is required:

• Finance
• Economics
• Accounting
• Business Administration
• Law
• Islamic Economics
• Islamic Banking
• ACCA membership 

A relevant Master’s degree will be considered an advantage.

Professional Certification:

Professional certifications such as the following are highly desirable:

• Professional Risk Manager (PRM), Financial Risk Manager (FRM), CFA, or other relevant professional certifications will be an added plus. 

Professional Experience:

Candidates should meet one of the following minimum experience requirements:

• Experience: At least three years of managerial or leadership experience in audit, risk management, or compliance at the chief, deputy chief, head, senior manager, or equivalent level; or five years of managerial experience in an equivalent role within other financial institutions.

Skills:

• Deep knowledge of quantitative risk modeling, regulatory standards, and strong leadership and communication abilities both in English and national language/s of the country.

If you meet the above requirements, we are encouraging you to apply for this position. Please send us

your CV along with a cover letter via email at executive.vacancy@fmfb.com.af  and cc info.bsd@dab.gov.af

Please make sure that your email includes the vacancy ID as the subject line