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• The incumbent will identify key risks
  inherent in EFC’s major business activities;
• Assess the identified risks and measure EFC’s
  exposures to them;
• Keenly monitor the risk exposures and
  determine the corresponding capital needs (capital planning) on an ongoing
  basis;
• Report to the Board’s Asset & Liability /
  Risk Committee (ALRC) and the Management Risk Committee (MRC) as
  appropriate on all above items;
• Monitor and assess decisions to accept
  particular risks, risk mitigation measures and whether risk decisions are
  in line with the Board approved risk strategies, policies as well as risk
  tolerance / appetite levels;
• Support the Board’s Asset & Liability /
  Risk Committee (ALRC) and the Management Risk Committee (MRC) with
  oversight, implementation and operational management of the EFC Risk Management
  Policies and Framework;
• Coordinate the activities of the MRC,
  consolidate risk reports from Heads of Business Units, report to the MRC
  during quarterly meetings, take minutes for the Committee’s meetings and
  compile the Committee’s quarterly report to the ALRC;
• The incumbent will have direct access and
  report to the Board’s ALRC on all matters relating to EFC’s risk
  management program;
• Provide effective and efficient day-to-day
  leadership and management to the Risk Management Department;
• Mobilize department personnel according to
  the objectives of EFC with an enabling skills development and capacity
  building approach.
• Establish and maintain expert working
  knowledge of the EFC Risk Management Policies and Framework together with
  the Central Bank and other applicable regulatory body circulars,
  regulations and guidelines;
• Manage and ensure appropriate risk
  assessments are completed for new products and services in accordance with
  EFC’s Product Development Policy (No. 13016);
• Keenly monitor and report new developments
  relative to risk management and all applicable regulatory body regulation
  to:
• Keep EFC Senior Management apprised
  of such developments
• Assess the effect they may have on
  thecompany,
• Provide suggestions on risk management with
  new / revised regulations and the drafting of EFC risk management policies
  and procedures;
• Collaborate with internal and external auditors
  relating to risk management;
• Oversee and ensure appropriate follow-up and
  correction of deficiencies noted in the Internal Audit Reports (minor,
  moderate and major), External Audit Reports and Central Bank Examination
  Reports;
• Offer timely support and coaching as deemed
  appropriate to those Heads of Business Units and employees responsible for
  specific risk management requirements;
• Perform any other related duties and
  responsibilities as assigned by the MRC.

• The ideal candidate for the Risk Manager
  career opportunity should preferably hold a Master’s Degree in Finance
  related studies (i.e. risk management, finance or economics, management or
  business studies etc.) but a Bachelors may be considered combined with
  relevant experience;
• A minimum of three years of relevant middle
  management experience in a financial institution;
• Broad risk management knowledge and
  experience with specific microfinance / banking technical knowledge of
  operations, IT, liquidity, market, credit, reputation, strategic and
  compliance risk;
• The Risk Manager should have extensive practical
  knowledge of microfinance / banking best practices in risk management,
  corporate governance and Central Bank / other applicable regulatory body
  regulations and laws together with the foresight to see how the intricate
  day-to-day risk management activities link with and support the
  achievement of the vision and mission of the EFC.
• Independent and objective;
• Good leadership and management skills;
• Possess good writing, documentation, meeting
  facilitation and presentation skills;
• Keen attention to detail and accuracy with
  strong numerical skills and the ability to evaluate costs;
• Proven ability to relate effectively across
  different levels of authority;
• Excellent analytical, written / verbal
  communication, interpersonal, and relationship building skills;
• Strong computer skills (Word, Excel, Power
  Point, database, etc.).

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