The African Guarantee Fund: Fund Risk Officer
Employment at the African Guarantee Fund as Fund Risk Officer
The African Guarantee Fund for Small and Medium-sized Enterprises (AGF) is incorporated and licensed in Mauritius as a limited liability company and has its office of operation in Nairobi, Kenya.
Its products and services provide financial institutions with the means which they can leverage in bringing their African SME financing interventions to the required scale.
AGF contributes to the promotion of economic development, vital for prosperity, stability and poverty reduction in Africa through two lines of activity:
a) Provision of a mix of financial guarantees and other products which reduce the risks supported by the financial sector when lending to SMEs that have insufficient collateral. These guarantees contribute to reduce the inability of SMEs to provide acceptable guarantees to financial institutions. Loan Guarantee based on a hybrid approach, Bank’s Fund Raising Guarantee and Equity Guarantees are offered.
b) Support for capacity development of the client financial institutions.
The AGF operates according to market principles and is a commercially viable venture with operations in a number of countries in Africa and its gradually expanding to other countries to cover the whole of Africa.
The African Development Bank (AfDB) together with the governments of Denmark (through DANIDA), Spain (through AECID) and France (through AFD) are the main shareholders of AGF.
The African Guarantee Fund (AGF) is looking for a qualified BILINGUAL candidate FLUENT IN BOTH FRENCH AND ENGLISH to fill in the following position to be based in our operations offices in Nairobi, Kenya:
Position title: Risk Officer
Reporting: The Bilingual Risk Officer reports to the Risk Manager.
Position Location: AGF offices in Nairobi, Kenya
Position Summary: The position focuses on supporting the Risk Manager in managing Credit and Market Risk within the organization.
Major Responsibilities
- Conduct Credit Risk assessment of guarantee approval requests (GAR) presented.
- Discuss the GAR for the French speaking countries both with Business Development Officers and Risk Manager.
- Highlight all identified risks and make risk mitigation strategies recommendations including proposing of conditions and covenants.
- Monitor utilization of guarantee limits and facilities covered under the guarantees
- Ensure conditions and covenants of approvers are complied with and are appropriately captured in the guarantee agreements.
- Support the implementation of all aspects of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks.
- Assist in the development of and manage processes to identify and evaluate business areas’ risks and risk and control self-assessments.
- Support in the implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks.
- Support in developing risk policies and procedures, risk limits and approval authorities.
- Monitoring of all risk issues
- Follow-up on all outstanding information and documentation required for Risk Departments day-to-day operations.
- Support Risk Manager and the Risk team in the end-to-end guarantee management
- Compile regular and ad-hoc risk reports as required in both English and French
- Perform other duties allocated to him/her by the Risk Manager
In addition to the above duties, the Risk Officer may be required to perform other related or unrelated duties based on the company’s needs.
Desired Qualifications, knowledge, skills & Experiences
- Bachelor’s degree in Commerce, Accounting, Finance, or Business administration;
- A Master’s degree is an added advantage
- A Minimum of five (5) years’ experience in Risk department of a bank or financial institution that is a credit provider. Experience in FI Credit Analysis, SME Credit analysis and Market Risk Analysis is an added advantage.
- BILINGUAL fluent in English and French
- Strong Risk and financial analysis skills
- Demonstrated understanding of insurance, guarantee and bonding facilities
- Demonstrated track record in business development and portfolio management.
- Demonstrated understanding of guarantee and banking products;
- Ability to compile and report results of activities
Apply here: https://goo.gl/iHbOES