About the Organization:

VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in five of the Regional States of the country. VisionFund MFI is currently looking candidates for the position of Manager, Risk Management Division. The successful candidates will have skills and experience that meet the following requirements:

1. JOB SUMMARY

Under the direct supervision of Risk and Compliance Management Director, The position holder will be responsible to identify potential risks arising in the day-to-day operations of the VisionFund MFI that includes Credit risk, operational risks and risks arising from asset-liability management, foreign exchange and interest rates by identifying, analyzing, quantifying and managing market risks and provide possible recommendations.

2. SPECIFIC DUTIES AND RESPONSIBILITIES 

• Develop Division’s/Department’s strategic plans and objectives and lead its implementation.

• Prepare Departments work plans related to risk management and monitor their execution.

• Develop/maintain and update risk management policies and guidelines, including procedures and processes and ensuring for their implementation.

• Review and determine the quantity, quality, and direction of Credit Risk inherent in the loan portfolio.

• Check the accuracy of the method and the adequacy of provision for probable losses.

• Review the compliance of the VFMFI’s lending process with the standard and requirements of Internal and external regulatory bodies.

• Review the collateral valuation system of the VFMFI in collaboration with the operation, valuators/engineering service.

• Review/prepare and compile quarterly credit portfolio and loan review report.

• Monitor operational risks in the MFI’s employment practices and work place safety and technology application.

• Monitor operational risks realized in conjunction with other risks, such as Market or Credit Risk.

• Monitor the MFI’s Legal, Strategic and Reputation Risks.

• Follow up the register of operational risk indicators in each functional unit in different groups “high likelihood and low impact”, and “low likelihood and high impact”, and monitor their status.

• Review periodical Operational Risk Matrix and the quality of risk management system of the MFI.

• Evaluate the adequacy of internal operational policies and procedures and compliance with legal and regulatory requirements.

• Evaluate the adequacy and quality of internal controls (systems, practice, processes).

• Evaluate monthly/quarterly operational risk report of the MFI.

• Identify market risks in the areas of asset-liability management, interest rate and foreign exchange.

• Monitor Asset Liability Management activities and help the management of the MFI to improve the Asset Liability Management function.

• Review that the MFI is in full compliance with applicable laws and regulations and asses its operations to identify and manage significant risks.

• Follow up the Implementation of a set of risk matrices and reports including loss and incidents, key risk exposures and early warning indicators related to market risks.

• Propose alternative ways of risk identification methods by making critical assessments of existing risk analysis tools and provide their authentication.

• Visits Branches in line with the approved work plan by the Director, Risk & Compliance; identifies gaps and assists Region and Branches in enhancing their capacity in terms of understanding rules and regulations;

• Develop and improve Asset Liability Management reporting methods.

• Develop risk assessment techniques to identify all forms of financial exposures, focusing in relevance to the existing financial management environments.

• Prepare/review periodic Reports developed by Senior Risk Management Officers/Regional Risk & Compliance Management Officers.

• Coach and mentor employees within the function towards effective career development.

• Evaluate the periodic performance of his/her subordinates.

• Performs other duties as assigned by his/her Supervisor

Job Requirements

• MA/MBA/BA Degree in Accounting, Finance, Banking, Economics, Business Management or related field.

    B) Experience

• A minimum of 7/9 years of demonstrated work experience out of which at least three years in a supervisory position in Banks, MFIs or any other financial service providing companies.

    C) Technical and Other Skills

• Knowledge of risk management methodologies

• Knowledge of research methodology

• Analytical and evaluation skill

• Proficient in Microsoft office applications

• High level of customer service and strong willingness to work in the field;

• Excellent written and oral communication skills

• Microsoft Office knowledge and practical & analytical skill using MS offices

How to Apply

Candidates who fulfill the above requirements can send the application letter, updated curriculum vitae with names and addresses of up to 3 references and non-returnable copies of credentials to VFE_Vacancy@wvi.org

 Women applicants are highly encouraged to apply!