Reporting to the Managing Director, Meru County Microfinance Corporation, the Risk Manager will be responsible for designing and implementing an overall risk management process for the Corporation;
Responsibilities
Developing, implementing and reviewing policies and procedures that reduce credit risk;
Analyzing current risks and identifying potential risks that are affecting the Corporation;
Assessing risks, implementing plans and strategies to minimize business losses;
Evaluating the corporations previous handling of risks, and comparing potential risks with criteria set out by the Corporation such as costs and legal requirements;
Preparing risk management and insurance budgets;
Risk reporting ;(informing the management about the most significant risks to the business;
Ensuring business heads understand the risks that might affect their departments;
Ensuring individuals understand their own accountability for individual risks;
Explaining the external risk posed by corporate governance to stakeholders;
Creating business continuity plans to limit risks;
Building risk awareness amongst staff by providing support and training within the Corporation;
Any other duties as assigned by the immediate supervisor.
Qualifications
The ideal candidate must possess the following qualifications and competencies:-
Bachelor’s degree in Risk Management, Business Studies and Management, Finance, Economics, Statistics or any other related field;
Relevant professional training in credit management with advanced knowledge on credit risk assessment approaches and models will be an added advantage;
Five years’ work experience in risk management in a financial institution;
Meets the requirements of Chapter Six of the Kenyan Constitution.
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