- Salary Offer As per organization salary range
- Years of Experience Experience: Shall have at least: • Three years of managerial work experience in risk management of banks. • Five years of relevant work experience in other financial institutions.
- Number of Vacancies: 1
- Contract Duration Permanent
- Contract Type Long Term
- Required Languages Dari, Pashto, English
- Reference GB/HRD/03
- Gender Male/Female
- Nationality Afghan
- Possibility of Contract Extension Yes
- Probation Period 3 Months
- Education Shall have at least a bachelor or Master degree in one of the following fields: • Economics • Finance • Accounting • Business Administration • ACCA Membership Shall have one of the professional Certification (CFA, PRM, and FRM) or any other relevant inte
- close Date February 2, 2023
About Ghazanfar Bank:
Ghazanfar Bank, a full-fledged licensed commercial Bank, commenced its operations in March 2009. The Share Holders of the Bank belongs to one of the leading business groups of Afghanistan. As a leading business house Ghazanfar Group is involved in various key businesses sectors as a front runner such as import and distribution of Petroleum/Gas and other various important industrial sectors. Ghazanfar Bank started its operation in Kabul, Afghanistan, and is offering key financial services both under conventional and Islamic Banking. The Bank has since opened up its Branches at various key locations such as Mazar Sharif, Hairatan, Kunduz, Takhar, Pule- Khumri, Jalalabad, Herat, Kandahar besides opening another seven branches at Kabul in Sarai Shahzada, Shar-e-Naw, Karte Naw, Kote Sangi, Lase Maryam, Karte Char and Wazir Akbar Khan. In due course of time, the Bank intends to expand its Branch Network in Kabul as well as at other key locations of the Country.
Banks should have an effective independent risk management function, under the direction of a Chief Risk Officer (CRO), with sufficient stature, resources and access to the Board of Supervisors.
The risk management function should be sufficiently independent of the business units and should not be involved in revenue generation.
The risk management function should have a sufficient number of employees who possess the requisite experience and qualifications, including market and product knowledge as well as command of risk disciplines. Staff should have access to regular training.
- The Chief Risk Officer (CRO) should report and have direct access to the Board of Supervisors or its risk committee without impediment.
- The CRO should have the ability to interpret and articulate risk in a clear and understandable manner and to effectively engage the board and management in constructive dialogue on key risk issues. Interaction between the CRO and the board and/or risk committee should occur regularly, and the CRO should have the ability to meet with the board or risk committee without executive directors being present.
- Risks should be identified, monitored and controlled on an ongoing bank-wide and individual entity basis. The sophistication of the bank’s risk management and internal control infrastructure should keep pace with changes to the bank’s risk profile, to the external risk landscape and in industry practice.
- Risk identification should encompass all material risks to the bank, on- and off-balance sheet and on a group-wide, portfolio-wise and business-line level. In order to perform effective risk assessments, the Board and senior management, including the CRO, should, regularly and on an ad hoc basis, evaluate the risks faced by the bank and its overall risk profile. The risk assessment process should include ongoing analysis of existing risks as well as the identification of new or emerging risks. Risks should be captured from all organizational units. Concentrations associated with material risks should likewise be factored into the risk assessment.
- Risk identification and measurement should include both quantitative and qualitative elements. Risk measurements should also include qualitative, bank-wide views of risk relative to the bank’s external operating environment. Banks should also consider and evaluate harder-to-quantify risks, such as reputation risk.
- Information should be communicated to the Board of Supervisors and Board of Management in a timely, accurate and understandable manner so that they are equipped to take informed decisions. While ensuring that Board of Supervisors and Board of Management are sufficiently informed, management and those responsible for the risk management function should avoid voluminous information that can make it difficult to identify key issues. Rather, information should be prioritized and presented in a concise, fully contextualized manner. The board should assess the relevance and the process for maintaining the accuracy of the information it receives and determine if additional or less information is needed.
- Risk reporting systems should be dynamic, comprehensive and accurate, and should draw on a range of underlying assumptions.
- Banks should avoid organizational “silos” that can impede effective sharing of information across an organization and can result in decisions being taken in isolation from the rest of the bank. Overcoming these information-sharing obstacles may require the Board of Supervisors, Board of Management and control functions to re-evaluate established practices in order to encourage greater communication.
Risk Management Functions:
- Policies & Procedures
- Propose policy implications for risk management to the BOS based on laws, regulations, and internationally accepted standards.
- Draft, amend, improve, and propose policies and procedures for risk management.
- Pursue the risk management objectives in line with the policies & procedures, and size & complexity of the bank business.
- Risk Measurement Tools
- Develop and improve internal rating system for measuring risks associated with fund-based and non-fund-based exposures.
- Develop risk grading metrics for country risk and correspondent institutions risk.
- Develop monitoring tools for various risks in accordance with internationally accepted norms and practices.
- Regulatory Framework & Limits
- Setting prudential limits and thresholds based on risk appetite of the bank in the policy documents.
- Tracking and monitoring the state of adherence to prudential limits and thresholds stipulated in the internal policies of the bank.
- Study on applicability of the international norms and best practices to align the practice in the local context of Afghanistan.
- Credit Risk
- Study of exposures in respect to single party/large exposure against regulatory and policy benchmarks,
- Study of credit concentration with respect to sector, geography, and products,
- Periodic analysis of distressed assets and reporting to the BOS.
- Market Risk
- Develop tools for deposit mix/liability quality analysis, including deposit concentration analysis,
- Develop liquidity risk monitoring and reporting tools,
- Review & study of country risk exposures against limits set, including positions of NOSTRO and correspondent banks.
- Review & monitoring of open forex position and currency concentration.
- Operational Risk
- Regular review and monitoring operational risk in all branches of the bank,
- Periodic reporting of operational events to BOS and develop tools for risk identification, management, and reporting.
- Corporate Governance Risk
- Periodic risk assessment of departments to ensure a transparent and efficient governance of the bank, including efficiency of policies, procedures, workforce capacity, and so on,
- Provide advice to the management on potential risks in decisions made,
- Ad hoc analysis of risks associated with the decisions made in the management level.
Shall have at least a bachelor or Master degree in one of the following fields:
- Business Administration
- ACCA Membership
Shall have one of the professional Certification (CFA, PRM, and FRM) or any other relevant international accredited certification.
Shall have at least:
- Three years of managerial work experience in risk management of banks.
- Five years of relevant work experience in other financial institutions. Skills
- Strong understanding of risk exposure calculation methods.
- Extensive knowledge of credit grading and rating concepts and the technical development of such underlying models as well as working knowledge of the Basel II accord.
- Strong analytical skills with a working knowledge in the principles of credit risk, market risk, operation risk, liquidity risk and finance.
- Sound knowledge of investment risk and portfolio management concepts.
- Understanding of other operational risks including IT security.
- Ability to clearly articulate and express a bank’s appetite.
- Knowledge of policy development principles, tools and models.
- Strong Influencing Skill
- Decision Making and problem-Solving Skill
- Time Management Skill
- Strong written and verbal communication skill
- Strong Work Ethic
- High ethical standards and integrity in both personal and professional dealings
- Excellent communication skills (oral and written) in English. Any other languages are an asset
- Outgoing Personality
- Analytical and problem-solving skills
- Please mention specific Job Title and Vacancy numbers in subject line of your E-mail otherwise your application will not be considered.
- Applicants who meet the above requirements should submit their updated Curriculum vitae (CV) to email address (firstname.lastname@example.org)
- Applicants while applying for this position must take in CC entire Email address of (email@example.com) otherwise the applications will not be considered.
- Applications received after the deadline will not be considered.
- Only shortlisted candidates will be contacted for further process.
To: (firstname.lastname@example.org) CC: (email@example.com