Risk Management Committee’s Member(Re Announced)

Master's Degree   Afghanistan, Kabul Part Time 656
Date Posted:Jul 11, 2021
Reference:BMA//2021//82
Closing Date:Jul 25, 2021
Work Type:Part Time
Number of Vacancies:3
Gender:Any
Functional Area:Banking
Nationality:Afghan
Salary Range:As per company salary scale
Years of Experience:7 Years
Contract Duration:Not specified
Possibility of Contract Extension:No
Contract Type:Permanent
Probation Period:Unspecified
Required Languages:Dari,Pashto,English

About Bank-e-Millie Afghan:

Founded:

Bank-e-Millie Afghan Bank-e- Millie Afghan (BMA) was the first financial institution established in Afghanistan in 1933. Similarly, it was the first financial institution established in a public private partnership set up with 72 percent share held by private sector. As a first bank in Afghanistan, BMA introduced formal banking services to the people and government of Islamic Republic of Afghanistan. Since then, the banks competitive strength and ongoing market leadership philosophy lays in its strong capital base and proven trustworthiness. In 1976, it was fully nationalized by the government of Afghanistan. Since its establishment, BMA is a leading banking in providing modern and secure banking services. Securing depositors' funds is the top priority of the bank. At the same time, the bank is contributing considerably to the development of manufacturing, agriculture, services, and international trade in the country. BMA is operating based on strong corporate governance principles, financial risk management and strict compliance to keep its credibility and trust. BMA has 15 city branches in Kabul and 21 provincial branches and equity investments in United States of America and England. And it is celebrating its 88th years of fame.

Job Summary:

• Review and evaluate the bank’s proposed policies, strategies, limits and procedures for risk management, and make recommendations to the Board of Supervisors regarding their approval. 

• Ensure that bank’s risk management policies, strategies and limits are appropriate for the bank’s business strategy as approved by the Board of Supervisors and regulators. 

• Monitor the implementation of those policies, strategies and limits through receipt of reports from senior management and/or the bank’s risk management function. 

• Review and monitor Credit Risk, Operational Risk, Market Risk, Interest Rate Risk, Liquidity Risk, investment risk, compliance risk, IT security and other risks. 

• To Review Bank’s risk exposure under different products

• To Review the performance of classified and non-performing loan portfolio. 

• To Monitor and ensure that Bank Capital is sufficient to support risk taking activities 

• Submit reports to Board of Supervisors on the effectiveness of the bank’s risk management process. 

• Periodically review the bank’s risk management policies, strategies and limits, and recommend to the Board of Supervisors any changes that the Committee deems necessary. 

• Assist the Board of Supervisors to ensure that the bank’s risk management program is conducted in accordance with the policies, strategies and limits approved by the Board of Supervisors and with relevant laws and regulations of Da Afghanistan Bank. 

• Perform other tasks assigned to it by the Board of Supervisors relative to the bank’s risk management program.

Duties & Responsibilities:

• Review and evaluate the bank’s proposed policies, strategies, limits and procedures for risk management, and make recommendations to the Board of Supervisors regarding their approval. 

• Ensure that bank’s risk management policies, strategies and limits are appropriate for the bank’s business strategy as approved by the Board of Supervisors and regulators. 

• Monitor the implementation of those policies, strategies and limits through receipt of reports from senior management and/or the bank’s risk management function. 

• Review and monitor Credit Risk, Operational Risk, Market Risk, Interest Rate Risk, Liquidity Risk, investment risk, compliance risk, IT security and other risks. 

• To Review Bank’s risk exposure under different products

• To Review the performance of classified and non-performing loan portfolio. 

• To Monitor and ensure that Bank Capital is sufficient to support risk taking activities 

• Submit reports to Board of Supervisors on the effectiveness of the bank’s risk management process. 

• Periodically review the bank’s risk management policies, strategies and limits, and recommend to the Board of Supervisors any changes that the Committee deems necessary. 

• Assist the Board of Supervisors to ensure that the bank’s risk management program is conducted in accordance with the policies, strategies and limits approved by the Board of Supervisors and with relevant laws and regulations of Da Afghanistan Bank. 

• Perform other tasks assigned to it by the Board of Supervisors relative to the bank’s risk management program.

Job Requirement:

Qualification, Experience and Skills requirement 

• Risk Certified (FRM, PRM or APRM,) 

• Minimum MBA degree and a minimum of 7 years banking experience is required

• Proficient in risk assessment, stress testing and other risk management models. 

• Analytic and decisive decision-making skills with the ability to prioritize and communicate key objectives and tactics.

• Confident and self-assured while putting others at ease. Strong problem-solving skills, creative and resourceful, ability to find new approaches and solutions.

• Experience with regulatory compliance, including working with examiners and regulators

Job Location:

Afghanistan, Kabul
This job is expired