ABOUT THE ORGANIZATION:
The Aga Khan Agency for Microfinance (AKAM) is a member of the Aga Khan Development Network (AKDN) which is a group of development agencies, institutions, and programs established by His Highness the Aga Khan. The common goal of these agencies is to combat problems of social and economic development and to help the poor achieve a level of self-reliance sufficient to plan their own livelihoods.
In 2005, AKAM established the First Microfinance Foundation – Egypt (FMF) to alleviate poverty and generate economic growth. As a locally managed lending institution, we aim to foster entrepreneurial activity, especially among women in underprivileged neighborhoods. Our 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. Clients of FMF also enjoy a death and disability insurance throughout the loan period.
ABOUT THE JOB:
The role of the risk officer is to ensure that the foundation’s credit, operational, liquidity and market risks are identified, assessed and managed.
Tasks and Responsibilities:
- Evaluate individual loan submissions that are reviewed by the risk management department, as mandated by the credit policy and standard operating procedures;
- Analyze the reasons behind clients’ delinquency and provide recommendations for better loan appraisal and recovery;
- Review portfolio quality on a regular basis, analyze key credit risk indicators and provide recommendations for the exposure and diversification limits;
- Handle the department’s work with the legal office and identify any potential legal risks;
- Identify and evaluate any operational internal control weaknesses and use the methodology set in the risk management framework to provide recommendations;
- Closely coordinate with the internal audit, human resources, information technology, and finance departments to identify and monitor operational, liquidity and market risks as prescribed in the risk management framework, and provide recommendations for risk mitigation.
Qualifications:
- Bachelor’s degree in a relevant field (Commerce, accounting, business administration, economic development, economics etc...);
- Preferable to have previous experience in credit or microfinance;
- Proficient user of Microsoft office as well as, ability to develop rigorous analysis;
- Fluent in English and Arabic;
- Self-motivated, strong commitment to team environment dynamics, good communication.
HOW TO APPLY:
Qualified candidates may e-mail their CV’s to hr@fmf.com.eg stating the job title in subject field.
