Deadline: 27 November 2015
Aga Khan Development Network (AKDN) is currently seeking applications from the eligible applicants for the post of Head of Risk Management in Afghanistan.
The Head of Risk Management will be responsible for promoting good governance and risk awareness ensuring that the highest standards of integrity are applied throughout all of the Bank’s work in accordance.
The mission of AKDN is to work to improve the welfare and prospects of people in the developing world, particularly in Asia and Africa, without regard to faith, origin or gender.
Key Jobs Responsibility
The Head of Risk Management will perform the following functions-
- Maintenance of a Risk Reporting System in an appropriate way for different audiences.
- Planning, designing and implementing overall risk management process and procedures for the organization by developing the appropriate framework and operating models.
- Performance of periodic assessment, which involves managing the process of analyzing upside and downside risks as well as identifying, describing and estimating the quantitative and qualitative risks affecting the business.
- Monitors with the Bank’s internal policies, procedures, and guidelines relating to the integrity of the Bank’s clients, sponsors, borrowers, and other counterparties with whom the Bank interacts.
- Review of risk exposure and risk evaluation which involves comparing estimated risks with risk criteria established by the organization such as costs, exposure limits, legal requirements and environmental factors.
- Corporate governance involving external risk reporting to stakeholders.
- Risk treatment by selecting and implementing measures to control and mitigate risks including activities to avoid risks, transfer risks and finance risks.
- Conducting reviews of policy, processes and systems including liaison with internal and external auditors.
- At a strategic level, contributing to process mapping in order to understand business processes and linkage to areas of risk.
- Ensure maintenance of high departmental standards and providing support, education and training to staff, commonly at management level.
- Coordinate with the Bank’s nominated Anti-Money Laundering Officer and ensures liaison with relevant external bodies, including standard setters and external experts.
- Provide training on integrity and ethics to members of the Board of Directors.
Eligibility Criteria
Applicants must have-
- Minimum of bachelor degree in finance, accounting, banking, business, economics, law or related field. Masters would be preferred.
- Related risk management professional training or certification such as Financial Risk Management (FRM) / Professional Risk Management (PRM) desirable.
- Minimum 7 to 10 years working experience in related field with a bank (preferred), rating agency or finance company, of which at least 5 years in senior managerial position in Risk Management areas. Experience in microfinance would be preferred. Exposure to asset / liability management is a plus.
- Strong understanding of Money Laundering, and Risk Exposure processes, procedures and calculation methods.
- Extensive knowledge of credit grading and rating concepts and the technical development of such underlying models as well as working knowledge of Basel II and III accord.
- Fluency in English.
- Strong analytical skills with working knowledge in principles of compliance, credit risk, market risk, operational risk, liquidity risk, exchange risk, interest risk and finance.
- Sound knowledge of investment risk and portfolio management concepts.
- Understanding of other operational risks including IT security.
- Ability to clearly articulate and express a bank’s risk appetite.
- Knowledge of policy development and implementation.
- Strong command of risk management principles, tools and models.
- Extensive knowledge of financial institution’s policy and procedures with in depth understanding of regulatory, economic, sectors, clients and market environment and trends.
- Knowledge of local banking, corporate and other regulations will be a plus.
- Strong critical thinking, analytical and communication (verbal and written) skills with ability to encourage discussions.
- Ability to maintain professional ethics, particularly for confidentiality and conduct responsibilities with professionalism.
- Willingness to travel.
How to Apply
Applicants must submit their applications through online process.
For more information, please visit AKDN.
