Founded in 2004, The First Microfinance Bank - Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programs in over 10 countries throughout the developing world. FMFB-A's vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.
With over 1,100 employees (20 percent women), FMFB-A operates in 14 provinces of Afghanistan through 39 branches (including one women-only branch). The number of FMFB-A clients across 14 provinces reaches about to 180,000 (23 percent women) both in rural and urban areas. The FMFB-A loan outstanding and savings values reach to over AFN 6.2 billion and AFN 2.5 billion, respectively.
About the Job:
Individual consultant will deliver comprehensive training programs to risk and non-risk professionals on operational risk, business continuity management and related subjects. Ideally, the candidate has helped a bank with business and regulatory transformation. S/he will be involved in remediation and provision of assurance and will use various risk management and control frameworks and tools to manage risk.
Tasks and responsibilities:
The Consultant will impart classroom training on branch operational Risk Management as a basis for the participants to understand its impact on overall banking operations. The topics will covered during the program must include detailed sessions on (but not limited to):
Part 1: Understanding of Operational Risk:
Modern risk management concepts.
Operational Risk drivers and contributory factors.
The boundaries with credit, market and liquidity risk.
Effective Operational Risk management framework.
Part 2: Managing Operational Risk, main tools and techniques:
Operational Risk identification.
Risk and control matrices.
Real-life risk and control self-assessment process.
Key risk indicators – technical aspects.
Basel I and II measurement approaches today and tomorrow.
Part 3: Burning Issues around ORM
Operational Risk appetite – expected benefits and key challenges.
Big data analytics supporting Operational Risk Management – possible approaches.
Key challenges and the future of Operational Risk.
Five-day classroom training per group to conduct for two groups in Kabul, Afghanistan.
Key reference materials, handouts of information discussed in the workshop, relevant supporting documents, exercises/practice questions and case studies will be distributed amongst participants.
Master’s degree in banking, economics, risk management, business management or any related field.
Relevant professional training and certification desirable.
10-15 years of operation risk management experience across banking and consulting sector.
Strong background in risk, banking and financial institution.
Acquaint participants with modern risk management concepts outside of Basel approach.
Understand operational risk nature, its uniqueness and boundaries with other risk types.
Understand key elements of effective risk management framework and activities in managing operational risk.
Get to know key operational risk identification techniques.
Study how to develop and use Key Risk Indicators (KRIs) in practice.
Understand Scenario Analysis (SA) purpose, applicability and limitations. Participants are able to learn ley practical steps in the scenario development process.
Be aware of the common challenges and pitfalls of KRIs and SA implementation.
Acquaint participants with Basel I and II. Operational risk measurement approaches, limitations and upcoming challenges.
Get to know some of the operational risk burning issues and discuss them within the group.
How to Apply:
Interested candidates are invited to send their CV along with a cover letter to [email protected] with the position title in the subject line.