Risk Officer

  Mutahid Development Finance Institution
Bachelor's Degree   Herat, Afghanistan Full Time 201
Date Posted:Nov 10, 2019
Reference:0362
Closing Date:Nov 21, 2019
Work Type:Full Time
Number of Vacancies:1
Gender:Any
Functional Area:Banking
Nationality:Afghan
Salary Range:As per company salary scale
Years of Experience:1 Year
Contract Duration: Unspecified
Extension Possibility:No
Contract Type:Permanent
Probation Period:3 months
Required Languages:Dari,Pashto,English

About Mutahid Development Finance Institution:

 

Mutahid (meaning United in local language) Development Finance Institution (MUTAHID) was established on April 1, 2011 and initially three MFIs namely Microfinance Agency for Development and Rehabilitation of Afghan Communities (MADRAC), Parwaz Microfinance Institution (PARWAZ) and Mofad Microfinance Company (MOFAD) were consolidated. Later on, three additional MFIs namely Women for Women International Microfinance Afghanistan (WWI), Ariana Financial Services (AFS) and ChildFund Afghanistan Microfinance Limited (CFA MF) consolidated into MUTAHID. The creation of MUTAHID was an opportunity to combine the best components of these consolidating institutions and to preserve the significant investments made over the last few years, to create one larger, stronger and sustainable, best practice MFI based on the core principles of ethics, ideas and hard work while incorporating the lessons learned from the past. Microfinance Investment Support Facility for Afghanistan (MISFA) is supporting MUTAHID directly by providing direction, capacity building and financial resources and while a division of MISFA is run as a separate autonomous operating entity. The management of MUTAHID is ensuring the orderly and judicial transfer of good clients, quality staff and assets of the consolidating institutions.

Job Summary:

Assist Manager Risk/Head of Risk for the implementation of all aspect of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks. Ensure pre and post disbursement verification (documents & physical verification) of at least 8% to 10% of the loan disbursements at branch during a month and 100% verification in SME lending.


Skills Required:

Self MotivatedRisk Managment Typing (English,Dari,Pashto)Monitoring & EvaluationAnalytical Skills

Requires travel to provinces:

No

Skills Description:

Accuracy                                                            Problem solving     Organizational         Attention to detail

Analytical                                                        Planning                 Coordinating            Troubleshooting

Communicating clearly/concisely      Decision making     Time management  Training

Monitoring                                                Written/oral English


Duties & Responsibilities:

  • Review and monitor Credit transactions (documentation and controls)

§ Review of the cash flow of the borrower’s business & opinion on its adequacy.

§ Ensure that all the cash flows are in according to the actual situation on the ground and are not based on uniformity among the businesses. Further, amounts disbursed shall be matched with the loan application form to track if the amounts have been amended after loan officer review or the same amounts are being disbursed in most of the cases. Impact of seasonality in the business should be taken into account.

§ Ensure physical verification by visit of the business (not in NPLs) to ensure the data provided by the borrower is in according to the information provided to Mutahid and the cash flow estimates are appropriate for repayment of loan in time.

§ Review of the credit appraisal process on a daily basis to ensure that the policies & procedures of credit are fully complied with.

§ Historical NPL rates & repayment rates for the loans in particular sector (services, livestock, trading, handicrafts and others).

§ Visit of clients who have defaulted to inquire reasons of non-payment and submission of independent opinion to the Manager Risk about recovery of the loan amounts.

§ Identification of all matters which can lead to credit risk of non-payment of loans and non-compliance. Furthermore, any red flag identified related to credit procedure shall be reported on a timely basis and appropriate action by the management should be monitored.

§ Prepare detailed daily report and submit to the Manager Risk for review.

§ Gain a comprehensive knowledge of Branch daily operations controls, and compliance with policies & procedures of mutahid.

§ Plan & complete specific assignments as delegated by the Manager Risk according to the agreed plan within the defined timeframe.

§ Report on risk findings by drafting suitable draft reports and presentation on key control deficiencies, non-compliance with procedures and mutahid’ polices in areas reviewed and recommending corrective action to improve operation efficiency in cost effective way.

§ Assist in follow up of agreed risk findings recommendation logged from pervious assessment to ensure their timely compliance/clearance.

§ Identifies factors causing deficient conditions & recommends course of action with the adequacy to improve the conditions.

§ Discussing the RM findings with Mgr /Dy. Mgr prior to submitting daily report to the Manager Risk.

§ Work close with the Head of risk/Manager Risk for developing risk policies and procedures, risk limits if need.

§ Monitor major and critical risk issues in branches.

§ Assist the risk management department in monthly and quarterly reports preparation.

§ Review and monitor the following control in the branch:

o  Segregation of duties in case of dealing with petty cash, it’s counting and is reporting.

o  MIS reconciliations and recording of fixed assets and its movement into and out of the branch.

o  Recording of employee attendance and deduction of leaves, as per HR policy

o  Appropriate procurement of items of stationery &other office supplies

Miscellaneous:



§ Perform any other task assigned by the Risk Head/Manager Risk.

§ Comply with all the policies and procedures of Mutahid.


Job Location:

Afghanistan, Herat

Qualifications:

Education: A Diploma/Degree with major emphasis in Business Administration preferred.

Experience: At least 1 years experience in Risk Management, Internal control, Compliance & Internal Audit.

Knowledge: Accounting, MS Office (Specially MS Excel & Word)


Job Keywords:

Risk Officer

Submission Guideline:

The application package, only acceptable in English or Dari languages, should, comprise of your latest up-to-date resume and cover letter explaining your interest and suitability for the position, indicating your earliest joining date, if selected.


Interested candidates should submit their application package only via email with the subject “Mutahid OA0362” to vacancies@mutahid.org.af. Due to the expectation of a large number of applications only shortlisted candidates would be contacted.

 

Equal Employment Opportunity