Summary
Date Posted: Monday, August 19 2024, Base Salary: Not Disclosed

JOB DETAILS:
Position Summary:
We are seeking a highly skilled and diligent Risk Officer to join our microfinance institution. As a Risk Officer, you will play a crucial role in identifying, evaluating, and managing potential risks to ensure the MFI’s financial stability and adherence to regulatory requirements. Your expertise will be pivotal in maintaining a strong risk management framework, protecting the MFI’s assets, and promoting sustainable growth

Key Responsibilities:
• Analyze various risks that could impact the microfinance institution, including credit risk, operational risk, liquidity risk, market risk, IT risk and regulatory compliance risk.
• Collaborate with different departments and conduct risk assessments to identify potential vulnerabilities and areas of concern.
• Establish and implement risk management policies, procedures, and guidelines to mitigate identified risks effectively.
• Evaluate risk appetite tolerance benchmark for the entity, and continuously monitor performance against the benchmark. Familiarity is needed with financial ratio analysis on MS Excel.
• Evaluate and monitor the credit risk exposure of the MFI’s loan portfolio.
• Assess the creditworthiness of potential borrowers and ensure that appropriate risk rating models are utilized.
• Stay up-to-date with relevant regulatory requirements and industry standards pertaining to risk management in microfinance banking and ensure compliance.
• Implement effective risk monitoring tools and techniques to track the MFI’s risk exposure continuously.
• Prepare regular risk reports for management and the board of directors, highlighting key risk metrics and trends.
• Present risk-related findings and recommendations to the management team and board as needed.
• Conduct training sessions for MIS’s staff on risk awareness and risk management practices.
• Foster a risk-aware culture within the organization and promote a proactive approach to risk identification and mitigation.
• Develop and maintain contingency plans to address potential crisis situations and ensure business continuity in times of heightened risk.

Qualifications & Experience:
• Bachelor’s degree in finance, economics, business administration, or a related field. Advanced degrees or professional certifications in risk management will be advantageous.
• Familiarity with Central Bank requirements for risk management at financial institutions.
• Proven experience of at least 3-5 years in risk management within the financial services sector, preferably in microfinance banking.
• In-depth knowledge of microfinance products, operations, and regulatory landscape.
• Familiarity with risk assessment methodologies, risk modeling, and analytical tools.
• Strong understanding of credit risk management principles and practices.
• Advanced user of MS Excel.

Core Competencies:
• A humble, hardworking, and confident professional.
• Ability to quickly dig down the processes and data; however, also take a step back and take in the overview of the situation.
• Excellent analytical and problem-solving skills, with a keen eye for detail.
• Self-starter, proactive, and decisive.
• Ability to communicate complex risk concepts clearly and effectively to diverse audiences.
• Sound decision-making abilities and the capability to work independently and collaboratively.
• A team player who continuously improves self and the people around him/ her.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.
Reporting Line:
• The Risk Officer shall report to the CEO with a dotted line reporting to the Group Risk.
• Email your Application and CV with the relevant qualification(s) as a single document
• “ASA Microfinance Zambia limited aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective race, age, gender, class ethnicity, disability, location, and religion. Qualified women are particularly encouraged to apply”.

All Jobs

QUICK ALERT SUBSCRIPTION