Aga Khan Foundation
Job Location:
Nationality: National
Category: General
Employment Type: Full Time
Salary: Based on NTA salary scale
Vacancy Number: NR/KBL/09/24/078
No. Of Jobs: 1
City: Kabul
Organization: Aga Khan Foundation
Years of Experience: • A minimum of five (5) years of hands-on experience in risk management, ideally within the banking sector, a development organization, or projects funded by foreign government donors.
Contract Duration: 09 Months
Gender: Male/Female
Education: • A minimum bachelor’s degree in finance, banking, or related fields is required, providing a solid academic foundation for navigating complex financial landscapes.
Close date: 2024-09-21
About Aga Khan Foundation:
The Aga Khan Foundation, Afghanistan (AKF (Afg)) is an agency of the Aga Khan Development Network (AKDN), a group of international, private, non-denominational development agencies working to improve living conditions and opportunities for people in some of the poorest parts of the developing world. The Network’s organizations have individual mandates that range from the fields of health and education to architecture, rural development and promotion of private-sector enterprise and institutions that seek to empower communities and individuals, usually in disadvantaged circumstances, to improve living conditions and opportunities.
The Aga Khan Foundation (AKF) is a non-denominational international development agency established in 1967 by His Highness the Aga Khan. Its mission is to develop and promote creative solutions to problems that impede social development, primarily in Asia and East Africa. Created as a private, non-profit foundation under Swiss law, it has branches and independent affiliates in 19 countries.
AKF seeks to provide sustainable solutions to long-term problems of poverty, hunger, illiteracy, and ill health. In Afghanistan, AKF works with rural communities in mountainous, remote or resource poor areas to improve quality of life in the areas of natural resource management, market development, governance, education, and health.
Job Description:
POSITION OBJECTIVE
Accelerate Prosperity (AP) was launched by Aga Khan Development Network as a joint initiative of the Aga Khan Foundation (AKF) and the Aga Khan Fund for Economic Development’s Industrial Promotion Services (AKFED IPS) in 2016. It was established in Pakistan and Tajikistan in 2016 and subsequently in Kyrgyzstan in 2018 and finally in Afghanistan in 2021. Whilst AP Afghanistan is not a separate legal entity, a legal review and consultation is currently underway to determine a best-fit structure for establishment.
AP facilitates entrepreneurship, employment and socio-economic development through a structured business acceleration program, comprising training, advanced technical support, entrepreneur-led mentorship and tailored start-up and growth financing. Through a competitive process, AP works with start-ups and small and growing businesses (SGBs), in growth industries such as agribusiness, commercial services, digital content, and hospitality. AP leverages the creative power and commercial instincts of the private sector, including AKFED IPS, to address the needs and challenges of budding entrepreneurs, startups and existing SGBs.
The Risk Manager responsible for overseeing the development and implementation of risk policies and procedures at AP. He/ She also analyzes various financial data to estimate the degree of risk and level of associated risk involved in extending credit or establishing a business relationship with firms or individuals.
His/ Her strategic contributions will significantly influence the establishment and maintenance of robust risk management practices within the organization. Beyond the quantitative analysis, this role involves staying abreast of industry trends, regulatory changes, and emerging risks, enabling to proactively adapt risk strategies.
Furthermore, as a key liaison between various departments, the Risk Manager will collaborate closely with stakeholders to ensure a holistic understanding of risk factors. The Risk Manager insights will not only inform decision-making processes but also contribute to the continual improvement and refinement of risk management frameworks.
JOB DUTIES AND RESPONSIBILITIES
Pre-investment Risk Assessment
Evaluate potential investment opportunities from financial and non-financial risk perspective.
Visit businesses before investment deployment to access business and operational risk.
Evaluate credit risk of business and its sponsors.
Post-Investment Risk Assessment:
Timely Visits to portfolio business to collect financial and non-financial data for risk assessment.
Update risk profile of portfolio businesses on quarterly basis.
Report any potential portfolio risk and devise strategy to mitigate such risks.
Investment Portfolio Management
Assess portfolio businesses default risk based on quantitative and qualitative analysis.
Get Quarterly update from portfolio businesses of their financials records to access risks.
Conduct stress and scenario testing and analysis of portfolio.
Develop risk matrix for every portfolio business.
Share recovery experiences and lessons learnt with Manager Investments & TA for improvement.
Providing Training and Advisory
Assist Manager Investments in Updating Training and Advisory content and delivery methodologies.
Conduct training and advisory for startups on business risk management and financial management.
Organization Risk Mitigation Strategy
Developing and maintaining AP’s capital adequacy models.
Developing and maintaining investment expected credit loss models that are compliant to IFRS.
Maintaining loan rating scorecards and advising on the use and application of such scorecards.
Assessing, scoring, and rating proposed and outstanding loan guarantees.
Monitoring and reporting compliance to risk controls.
Assisting in advisory to investment team relating to appropriate credit risk control / mitigation.
Assisting in drafting loan review and scoring notes.
Generating risk reports to the AP Management and BoD.
Carries out the responsibilities of the role in a way which reflects AKF(Afg)’s commitment to protecting children in accordance with the Child Safeguarding Policy.
OCCASIONAL SIGNIFICANT DUTIES AND RESPONSIBILITIES
Any other task: as may be required and/or given by the AP TA Lead and or Country Director.
Job Requirements:
JOB SPECIFICATION
To excel in this role, a high level of proficiency and extensive experience in risk management, particularly in banks and investment funds, is imperative.
Professional Experience
A minimum of five (5) years of hands-on experience in risk management, ideally within the banking sector, a development organization, or projects funded by foreign government donors.
Educational Background
A minimum bachelor’s degree in finance, banking, or related fields is required, providing a solid academic foundation for navigating complex financial landscapes.
Proactive Work Ethic
The successful candidate will demonstrate a proactive work ethic, showcasing initiative and a results-oriented approach to tasks and challenges inherent in the financial domain.
Language Proficiency
Proficiency in English and the national language is essential, with additional language skills deemed necessary within the specific country context. Effective communication across these languages is crucial for navigating diverse and dynamic environments.
DECISION-MAKING & AUTHORITY
Accountable for all marketing and communications activities in the Accelerate Prosperity Afghanistan.
Aga Khan Foundation
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