Major responsibilities
MFI Policies
Approve MFI credit policies, products, aligned to the VFI Network Credit Policy, new product rollouts, pricing, concentration limits, within the authorities established in the VFI Credit Risk Framework.
Manage the delegation letter renewal, and certification tracking of all MFIs compliance to the VFI Network Credit Policy throughout the portfolio MFIs, working closely with the Regional Teams.
For MFIs which are not yet certified, overhaul and realign MFI Credit Policies with the aim of all MFIs being certified against the VFI Network Credit Policy.
Maintain the VFI central repository of approved credit policies, products, exemptions, concentrations, products and change tracking.
Periodically cross check policies which MFIs or regional teams have approved, for compliance to the VFI Network Credit Policy.
Capacity Building
Mentor and coach MFI Risk managers on:
Risk appetite statements (aligning on minimum standards, how to report on them and track against actuals
Reporting to their senior leadership team and Board Asset and Risk committees, using the minimum reporting standards of VFI
How to analyse and interpret the reports
Writing clear policies, and products, so that MFIs grow in maturity
Conduct quarterly MFI Credit Risk Policy and Products Committee meetings and train MFIs in the level of authority they have according to the VFI Credit Risk Management Framework.
How to adjust a product or policy to mitigate risks while still achieving the MFI’s objectives.
Credit Risk Reporting
Analyse and report on key credit risks in portfolio countries and each month, meet with the Regional Director to present the analysis and interpretation. Maintain meeting minutes, and action tracker.
Track pilots against limits and end dates and prompt MFIs to resolve discrepancies, escalating to Regional Director as required.
Support the Director of Credit Risk in data analysis, data cleaning and report preparation for VFI Credit Risk reports.
Identify and escalate breaches to approved limits. Liaise with BBI to correct any mis-reporting.
Recommend ‘on watch’ portfolio classification in MFIs under responsibility, and monitor progress to resolving issues.
Knowledge, skills and experience
Required
University degree, preferably in banking or business administration
5 years experience in regional and/or global roles in microfinance with MFIs in different contexts
2 years technical experience in Credit Risk, MFI internal controls, policies and credit products and processes
Experience living and working cross culturally
Effective in written and verbal communication in English
Excellent skills in excel
Computer literacy and ability to analyse microfinance data
Preferred
10 years experience in microfinance or financial services
Spanish language skills, to advanced/business level
Experience in Credit Risk oversight and reporting
Experience as microfinance practitioner / manager, and track record in producing good credit performance
Languages and Travel
Expected travel is 4 trips per year.
Willingness to travel internationally, potentially up to 25% of the time is preferred.
Able to work from home
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