ABOUT THE ORGANIZATION:
The First Microfinance Foundation Egypt (FMF) is a locally managed lending institution established to alleviate poverty and generate economic growth. It aims to foster entrepreneurial activity, especially among women in underprivileged neighborhoods. Its operations are governed by principles of long-term sustainability and financial discipline, in balance with the social objectives of the foundation. FMF provides credit opportunities for income generating purposes and compliments that with a package of business development services.
Background:
In 2005, the Aga Khan Agency for Microfinance (AKAM) established FMF. AKAM, a non-profit agency, is a part of the Aga Khan Development Network (AKDN). Its mandate is to alleviate poverty, diminish the vulnerability of poor populations, and reduce economic and social exclusion by establishing sustainable institutions that extend a broad range of innovative financial services to underserved population.
Background:
In 2005, the Aga Khan Agency for Microfinance (AKAM) established FMF. AKAM, a non-profit agency, is a part of the Aga Khan Development Network (AKDN). Its mandate is to alleviate poverty, diminish the vulnerability of poor populations, and reduce economic and social exclusion by establishing sustainable institutions that extend a broad range of innovative financial services to underserved population.
ABOUT THE JOB:
FMF is seeking a Risk Manager. S/he will be responsible for identifying measure, monitor, and mitigate credit, operational, liquidity, and market risks.
Tasks and Responsibilities:
- Enhance a comprehensive risk management framework that shall incorporate detailed processes, assessment methodologies, tools, techniques, and reporting requirements on all areas of risk;
- Manage a team of 3-5 risk officers in Cairo and upper Egypt. This includes training and developing the staff;
- Improve the risk awareness culture within the foundation including appropriate training for risk management;
- Ensure that the foundation’s risk profile is reported accurately and coherently to the management team and the board risk committee;
- Recommend limits in respect of credit, market, liquidity, and operational risks under various types of products, activities, exposures etc.;
- Monitor the performance of all portfolios at risk, rescheduled loans, and loans suggested to be written off and initiate/suggest remedial actions in the form of rigorous follow-up, provisioning, rescheduling, write off etc.;
- Carry out a risk review of the new product proposals and make appropriate recommendations;
- Develop and implement a business continuity and disaster recovery plan and other risk mitigation techniques in coordination with the relevant functions;
- Coordinate with the internal audit departments, authorities and external auditor on all areas related to risk.
Qualifications:
- Bachelor's degree in Economics, Finance, or Business Administration. Master's degree in relevant discipline is a plus;
- At least 5 years of experience in risk management or internal audit or any relevant field. Experience in banking or microfinance is a plus;
- Leadership skills and ability to manage staff and work collaboratively in cross-functional work environment;
- Require high level of decision making, problem solving and communication skills;
- Fluent in both spoken and written Arabic and English language.
HOW TO APPLY:
Interested candidates can send their resume to hr@fmf.com.eg
