Board Member

Type: 
Job
Location of Job: 
Remote
Posted: 
10 Jul 2019
Closing: 
23 Jul 2019
About the organization: 

Kaebauk Investimentu no Finansas, SA is licensed as “Other Deposit Taking Institution” regulated by the Central Bank. It has been promoted by Tuba Rai Metin (over a decade old microfinance institution (MFI)), IFC and BOPA- Singapore. It has 13000 clients and assets of  about $20 million and operates in all districts through a network of 22 branches and four sub-branches. It is has over 300 employees. 

About the Job: 

KIF is looking for a suitable person with expertise on regulatory, compliance and Basel Norms. Retired banking professionals, having relevant experience are welcome to express their interest for the same.

Tasks and Responsibilities:

  • Reviewing, approving, and monitoring the Company’s long-term strategic objectives and business plans of management.
  • Overseeing and approving the risk management framework and associated policies and procedures used by management to effectively manage risk.
  • Overseeing the integrity of the financial statements, the compliance with legal and regulatory requirements of Timor-Leste, the performance, qualifications, and independence of the external auditor, and the performance of the internal audit function.
  • Overseeing the internal control framework used by management and ensuring it is efficient and effective.
  • Overseeing the Company’s corporate governance framework and ensuring compliance with agreed policies and provisions.

Specific Expectations:

  • Banking License: KIF Board has already established, Audit Committee and Risk Management Committee plus ad-hoc Committees as per time bound requirements. Considering the need of banking license to serve larger client base, KIF requires a board member to steer the drive of next transformation and lead the Banking License Committee (to be formed).
  • Updating current policies and procedures: To meet the regulatory requirements and compliances for a banking license, due updates to be arranged in all policies.
  • Setting up Basel Norms and allied system in working of KIF.

Qualifications:

  • A degree in a related discipline from a recognized educational institution.
  • Fifteen years of relevant banking experience of senior level.
  • Well versed with dealings with regulatory and Basel requirements.
  • Sound inter personal skills to manage different stakeholders interests.
How to Apply: 

Interested candidates are invited to submit their resume and photo to [email protected] with the title of the positionin the subject line.