|Date Posted:||Nov 2, 2019|
|Closing Date:||Nov 16, 2019|
|Work Type:||Full Time|
|Number of Vacancies:||1|
|Functional Area:||Business Administration|
|Salary Range:||As per company salary scaleAF|
|Years of Experience:||2 - 5 Years|
|Contract Duration:||Not specified|
|Probation Period:||3 months|
The First Microfinance Bank - Afghanistan.
Founded in 2004, The First Microfinance Bank - Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programmes in over 10 countries throughout the developing world. FMFB-A's vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.
The bank is also a member of the Global Alliance for Banking on Values (GABV) - an independent network of banks using finance to deliver sustainable economic, social and environmental development. Our values-based banking agenda focuses on providing affordable financial services that promote entrepreneurship, agriculture, incremental housing and clean energy in Afghanistan.
With over 1,100 employees, FMFB-A operates in 14 provinces of Afghanistan through 39 branches. The number of FMFB-A clients across 14 provinces reaches about 180,000 (men and women) both in rural and urban areas. The FMFB-A loan outstanding and savings values reach to over AFN 6.2 billion and AFN 2.5 billion, respectively.
This branch level position is responsible for providing assurance that the risk in his/her branch is managed following the bank’s policies and procedures, and falls within the acceptable level of risk appetite. The jobholder focuses on credit and operational risk, as well as mitigation of internal and external fraud.
o Excellent analytical thinking and attention to details.
o Can-do attitude.
o Independent mindset, able to draw conclusions and communicate his/her concerns in a clear and concise manner directly to the management.
o Quick learner who can rapidly master all aspects of the job with limited supervision and training.
o Good organizer with self-planning and problem-solving skills.
o Good communication and reporting skills. Should be able to communicate in English.
Duties & Responsibilities:
Credit Risk Document-based Assessment of Borrowers and Guarantors
1. Evaluation of the borrower’s industry risk and macro-economic factors.
2. Evaluation of individual borrowers as per the bank’s policies and procedures, including credit risk assessment of
o The purpose of credit, source of repayment, and repayment capacity of the borrower,
o The track record / repayment history of the borrower,
o The proposed terms and conditions and covenants,
o Adequacy and enforceability of collaterals, including approval from appropriate authorities (wakil guzar etc.),
o Appraisal of the real estate of borrowers,
o Evaluation of the guarantor, if applicable.
Credit Risk Monitoring of Borrowers and Guarantors in the Field
3. Independent pre-disbursement loan verification in the field following the guidelines:
o All MF loans above USD 5,000 equivalent to AFA 250,000.
o All SME borrowers are subject to pre-disbursement control (if SME loans are offered at his/her branch).
o MF loans below USD 5,000 equivalent to AFA 250,000 – randomly. The selection of clients to be verified shall depend on the composition `of the branch portfolio. The sample should cover all segments of borrowers, all products offered by the branch and all loan officers, as well as new/returning borrowers.
o Guarantors to the above loans, if applicable.
o Independent post-disbursement periodic loan verification in the field for all Past Due Borrowers > 30 days.
Data Analysis and Reporting
4. Works closely with his superiors at the Risk Management Department on other areas of risk applicable to his/her branch and in investigating the incidents of operational risk and fraud that may arise in his/her branch.
5. Documents material errors identified in the credit risk management processes, reviews critically the root causes for delinquency cases and lessons learned for enhancement of policies and processes related to risk management.
6. The types and frequency of reports are listed in point 5.7.5 above.
Job Location:Afghanistan, Kabul
The position requires bachelor degree or associated degree with 2-5 years work experience as credit officer, credit analyst or risk officer.
The job holder should have
o At least two years’ experience in banking, MFI, lending, internal audit, finance or risk assessment; preference will be given to candidates with experience in credit risk assessment and credit analysis,
o Good knowledge of the financial analysis principles and indexes,
o Good knowledge (or willingness to learn) of the Basle Committee and DAB rules and regulations pertaining to prudential risk management.