Recruitment in a Development Finance Institution via Deloitte Nigeria - 21st May 2019

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Deloitte Nigeria - Our client, a Development Finance Institution positioned to empower more micro, small and medium enterprises across Nigeria desires to establish a Credit Guarantee Facility (CGF) which would further incentivize banks to lend to the MSME segment, through the provision of credit guarantee coverage for loans made to eligible MSMEs by Participating Financial Institutions. To align with good corporate governance practices, the CGF is envisaged as the wholly-owned subsidiary of the DFI and towards the achievement of this initiative, we seek to fill the vacant positions below:       Job Title: Risk Management Officer Reference Number: CGF006 Location: Nigeria Job Summary

• The Risk Management Officer will work closely with the Head, Risk Management and operations department to ensure effective and efficient implementation of IMPACT’s risk management framework, including review of the framework and analyzing of guarantee application & origination as well as claims processing involving PFIs' MSME lending and monitoring of portfolio under guarantee.
• The job holder will also be responsible for assessing, rating, recommending, monitoring and reporting on guarantee operations, financial, strategic and risks compliance that IMPACT faces in delivery of its mandate.

Duties and Responsibilities

• Work closely with the Head, Risk Management to identify and analyse the areas of potential risks threatening the assets, earning capacity and success of IMPACT’s operations.
• Collaborate with operations department to perform guarantee applications review, post guarantee review, guarantee monitoring, guarantee claim process review and claims refund activities & implementation;
• Perform regular and delinquency audits to monitor IMPACT’s exposure to non-performing guaranteed loans and manage and mitigate credit risk;
• Liaise with internal and external stakeholders in assessing and providing independent assurance of the adequacy, appropriateness and effectiveness of IMPACT’s overall risk management framework, policy and implementation plan;
• Review the presentations of guarantee proposals ensuring that all the information necessary for decision-making are well captured in the proposal;
• Evaluate due diligence recommendation report including risk evaluation and advise management on cooperation with PFIs;
• Evaluate guarantee application received from prospective PFIs to establish the creditworthiness of the PFI, and identify the risks and opportunities in developing a partnership with the PFI and to establish the base to develop a path for the guarantee cooperation including the intensity of the guarantee assessment;
• Review guarantee appraisal of loans to be placed under guarantee to determine the Risk Acceptance Criteria and advise management on key findings;
• Conduct periodic portfolio monitoring on guarantee operations and credit risk to ensure performance & compliance;
• Review and appraisal of guarantee claims application with recommendation on whether to approve the guarantee claim or to reject;
• Review and monitor claims refunds report status quarterly and initiate random file audits to ensure proper handling by the PFIs.

Other Duties:

• Develop and maintain strong relationships with key stakeholders.
• Regularly participate in team meetings and carry out any other duties as may be required.

Experience & Qualifications

• A Master’s degree in Economics, Business Administration, Finance/Accounting will be an added advantage;
• Significant experience in financial services particularly in the areas of risk management, internal audit, strategic planning and governance frameworks with at least 5 years hand-on experience;
• A background in banking, actuary or insurance is essential
• Experience with credit risk guarantees/insurance and exposure to development issues is desirable
• Experience in a fast growing, challenging business environment;
• Ability to exercise and perform oversight functions over governance, risk, compliance and control arrangements in a complex financial operation;
• Proven ability to evaluate a number of risk types, ideally including credit risk, operational risk, market risk, liquidity risk, reputational risk, legal risk, compliance risk, AML risks, information security risk, concentration risk, investment risk, and strategic risk; - Knowledge and understanding of risk control arrangements;
• Knowledge in regulatory environment and key regulatory regimes in Nigeria;

Desired Competencies:

• A self-starter with strong internal motivation, able to set-up systems and procedures in a ‘start up’ environment and with a passion for helping MSMEs succeed;
• Commercially astute: A high degree of business acumen, entrepreneurial spirit and willing to grow with the company
• Skilled communicator both oral and written including the ability to convey ideas and positions clearly and concisely;
• Problem-solving and decision-making skills, with the ability to analyze complex information to identify key issue/action (if any) and drive resolution;
• A dedicated team player with a pragmatic approach; - Robust, organized, proactive and a flexible person with hands on mentality;
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions;
• An open-minded, personable individual with outstanding organizational skills;

Interested and qualified candidates should: Click here to apply         Job Title: Head, Risk Management Reference Number: CGF005 Location: Nigeria Job Summary

• The Head, Risk Management shall have the primary responsibility for developing and ensuring effective and efficient implementation of the CGF’s risk management framework, including review of the framework and obtaining all the necessary approvals.
• The job holder will be responsible for assessing, rating, recommending, monitoring and reporting on the operational, financial, strategic and compliance risks that the CGF faces in delivery of its mandate.
• The job holder will also be responsible for the assessment and monitoring of the credit risk of the CGF’s counterparties, including partner financial institutions, issuers of investment instruments etc.

Duties and Responsibilities Set up the CGF’s risk management function:

• Establish and run the risk management function in a hands-on fashion initially, before building a team in line with the CGF’s growth;
• Develop the framework, policy and operating guidelines for the CGF’s risk management function;
• Plan, design and implement an overall risk management process for the CGF and develop risk management systems, including operating and financial models;
• Create and improve tools for identifying, measuring, monitoring, controlling and reporting risks for the CGF;
• Head the Risk Committee for the CGF;
• Identify the loss/risk drivers inherent in CGF’s strategy in setting-up risk management environment;
• Establish and manage relationships with internal and external stakeholders and customers of the CGF;

Risk Management:

• Continuously develop, enhance and embed the risk framework for managing risks across the institution, ensuring that processes are fit for purpose;
• Work closely with the CEO, CFO, relevant board members and committees, senior managers across the CGF in moulding a well-controlled, high achieving organization which can fulfil its mandate safely;
• Perform research to identify the risks facing the CGF, their severity and determine the probability of occurrence;
• Develop strategies to measure identified risks appropriately, and articulate a coherent risk appetite for the CGF;
• Design operational policies and procedures to mitigate the risks;
• Implement and assign responsibilities for risk management;
• Perform risk monitoring and risk reporting to different stakeholders;
• Establish and maintain risk governance systems and structures at management level, in accordance with the overall risk management framework approved by the Board;
• Lead the CGF’s efforts in pursuing risk re-guarantees and co-guarantees, where such are considered;
• Embed a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework;
• Provide essential input on the CGF’s enterprise risk management to the board risk committee, the CEO and senior management of the CGF;
• Liaise with internal and external auditors in assessing and providing independent assurance of the adequacy, appropriateness and effectiveness of the CGF’s overall risk management framework, policy and implementation plan;
• Partner effectively with third parties, regulatory bodies and others, as appropriate, and serving as a role model for high personal and corporate ethical values and standards of integrity.

Other Duties:

• Regularly participate in management meetings, and carry out any other duties as may be required.
• Budgeting responsibilities – discretionary control over risk department budgets up to a level approved by the CEO.

Experience & Qualifications

• Bachelor's degree in Finance, Accounting or Business Administration
• Professional accounting qualifications such as CPA or ACCA;
• Master's degree in Business Administration and/or Finance/Accounting will be an added advantage;
• Significant experience in financial services particularly in the areas of best practice risk management and governance frameworks, methodologies and emerging practice (at least 10 years, of which 6 should be in a senior managerial role);
• A background in banking, insurance or trade finance is essential;
• Experience with credit risk guarantees/insurance and exposure to development issues is desirable;
• Experience in a fast growing, challenging business environment;
• Strong mentoring and coaching experience to a team with diverse levels of experience;
• Ability to exercise oversight over oversight over governance, risk, compliance and control arrangements in a complex financial operation;
• Proven ability to oversee a number of risk types, ideally including credit risk, operational risk, market risk, liquidity risk, reputational risk, legal risk, compliance risk, AML risks, information security risk, concentration risk, investment risk, and strategic risk;
• Knowledge and understanding of risk control arrangements;
• Knowledge in regulatory environment and key regulatory regimes in Nigeria;

Desired Competencies:

• A self-starter with strong internal motivation, able to set-up systems and procedures in a ‘start up’ environment, and with a passion for helping MSMEs succeed;
• Commercially astute: A high degree of business acumen, entrepreneurial spirit and wants to grow with the company;
• Skilled communicator with the ability to influence and motivate others;
• Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution;
• Leadership skills, including the ability to manage risk, compliance and control activities in a complex financial operation;
• Excellent IT and analytical skills;
• A track record of delivering high performance and overcoming challenges;
• A dedicated team player with a pragmatic approach;
• Robust, organized, proactive and a flexible person with hands on mentality;
• Excellent communication and presentation skills in English, both written and orally, including the ability to convey ideas and positions clearly and concisely;
• An open-minded, personable individual with outstanding organizational skills;
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions;

Interested and qualified candidates should: Click here to apply         Job Title: Operations Officer Reference Number: CGF004 Location: Nigeria Job Summary

• The Operations Officer will work closely with respective PFIs to evaluate, analyze and process credit guarantee to be extended on PFI’s MSME lending from origination to claims, of and monitor the portfolio under guarantee.
• The job holder shall collaborate with PFIs to improve access to finance for MSMEs as banks and MFIs provide more and better products and services to these enterprises.

Duties and Responsibilities Business Support:

• Act as focal person and responsible for the front-to-end in guarantee application process of respective PFIs by performing independent, forward looking appraisal of current and prospective clients in compliance with guarantee operations manual.
• Collaborate and ensure an in-depth understanding of PFIs lending portfolio placed under guarantee through regular value-adding interaction in order to effectively meet the needs of the respective PFIs.
• Collaborate with PFIs to create synergy of cooperation and to identify areas of technical assistance.
• Ensure close personal attention is given to portfolio by providing a full array of customized financial solutions and services tailored to meet the growth needs and potential of the portfolio.
• Achieve financial and non-financial targets for the portfolio.

Implementation of CGF’s operations:

• Execute the Guarantee Value Proposition initiatives and activities aimed at optimizing both customer experience and sustainability for the institution.
• Review the presentations of guarantee lines ensuring that all the information necessary for the decision-making are well captured in the proposal.
• Evaluate and conduct periodic monitoring of PFI lending activities and portfolio placed under guarantee to ensure strict compliance with internal and cooperation guidelines.
• Ensure that adequate portfolio management objectives and deadlines are met and have knowledge of internal operations standards and procedures.
• Proactively assist in resolving issues in the management of respective portfolios and escalate when necessary to ensure quick resolution.
• Maintain due process and ensure accurate verification of data in compliance with internal guidelines to ensure prompt claims payment.

Other Duties:

• Continuously collaborate with other departments and carry out any other duties as may be required.
• Develop and maintain strong relationships with key stakeholders.

Experience & Qualifications

• Post-graduate qualification in Business, Finance, Economics or related fields.
• Minimum of 5 years’ experience relevant to guarantee operations and/or banking pertaining to lending to the MSME sector.
• Background in banking, insurance or trade finance is essential.
• Extensive experience with commercial banking in MSME lending, credit appraisal and evaluation, financial analysis, revenue management, financial modelling & forecasting, compliance & regulatory issues, and administration functions.
• Experience in a fast growing, challenging business environment.

Desired Competencies:

• Self-starter with strong internal motivation, able to set-up systems and procedures in a ‘start up’ environment.
• Strong quantitative and analytical skills to undertake portfolio evaluation and analysis of prospective PFIs MSME lending portfolio.
• Knowledge of MSME lending, credit evaluation and appraisal, traded treasury instruments etc.
• Strong IT and Computer Skills – Banking Applications, Word, Excel and Power Point
• Commercially astute: a high degree of business acumen, entrepreneurial spirit and wants to grow with the company.
• Flexible; readily adapts to change and new products, systems or methods
• Demonstrated ability to meet aggressive deadlines per demands and ability to change work schedule to accommodate competing priorities.
• A track record of delivering high performance and overcoming challenges.
• A dedicated team player with a pragmatic approach.
• Very strong relationship management skills
• Strong writing skills and solid credit acumen / financial analysis skills (namely cash flow analysis)
• Open-minded, personable individual with outstanding organizational skills.
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions.
• Strong oral and written communication skills
• Sound knowledge of accounting and financial principles gained by experience or qualification

Interested and qualified candidates should: Click here to apply         Job Title: Head of Operations Reference Number: CGF003 Location: Nigeria Job Summary

• The Head of Operations (HOP) shall have the primary responsibility of leading the day-to-day operations of the CGF in accordance with its mission, the strategic plan and operating and volume forecasts.
• The job holder will also pay a critical role in helping to shape and guide the future growth and development of the CGF by identifying products, innovation and risk management improvements for the Partner Financial Institutions (PFIs).

Duties and Responsibilities Implementation of CGF’s operations:

• Establish and implement jointly with the organisation the operational set-up of the CGF;
• Develop, in collaboration with the CEO and the Chief Financial Officer (CFO), the annual guarantee operating plan that supports the CGF’s long term operations strategy;
• Ensure guarantee operations are implemented in line with the Operations and Credit Risk Manuals (Op Manual) and other relevant stipulations;
• Carry out training and on-job coaching for the operational staff of the CGF
• Organize and conduct guarantee appraisal in line with CGF mission, strategic plans and operating guidelines;
• Organize and conduct guarantee claim appraisal and claim refund procedures and participate in the respective committees;
• Initiate continuous evolution of the Op Manual to increase the efficiency and sustainability of the guarantee operations;
• Maintain close contact with PFIs’ management and MSME Departments and ensure good relationship, identify areas for added value and initiate implementation of respective activities;
• Monitor the Nigerian financial sector with respect to MSME lending, and identify opportunities and threats and suggest or initiate respective measures;
• Review and monitor regulatory developments to ensure compliance and contribute to a positive regulatory recognition of the CGF;
• Monitor the business volume and portfolio quality and identify and implement measures to ensure achievement of objectives;
• Responsible for the measurement and effectiveness of all processes internal and external;
• Establishing and implementing portfolio management and monitoring mechanisms;
• Provides timely, accurate and complete reports on the operating condition of the CGF;
• Contribute to the evolution of CGF’s MIS in the context of workflow management, portfolio reporting, business intelligence module etc;
• Contribute to CGF’s management reports for stakeholders;
• Represent the CGF with clients, investors, and business partners;
• Foster a corporate culture that promotes ethical practices, customer focus and service and encourages individual integrity

Risk Management:

• Assess and manage the principal risks of the CGF’s business within operations (guarantee proposals/contracts, claims, projects and staffing);
• Contribute to the definition of the credit risk parameters of the guarantee operations;
• Monitor operational risks of PFIs’ MSME lending operations, identify gaps and required improvements and implement these;
• Function as member of the Risk, guarantee appraisal and claim committees;
• Contribute to the evolution and improvement of the credit risk management of the CGF in coordination with the Risk Department;
• Contribute to the evolution of CGF’s MIS in the context of risk management.

Business development and expansion:

• Ensure that growth opportunities are identified and captured (enrollment of additional PFIs, development of products, inclusion of additional target groups, etc.);
• Conduct due diligence and TA needs assessment of new PFIs;
• Participate in and contribute to feasibility studies to be carried out by the CGF’s for new PFIs, and products;
• Assist the CEO and the CFO in developing and overseeing the long-term business strategies of the CGF;
• Spearhead the development, communication and implementation of effective growth strategies and processes

Experience & Qualifications

• Master's degree preferably in a business-related subject;
• 10 years relevant work experience in financial sector specifically in MSME credit, 5 years in a senior managerial role;
• Minimum of 5 years work experience in management positions in finance in Nigeria;
• Experience with credit risk guarantees/insurance and exposure to development issues is desirable;
• Possesses requisite experience/knowledge in human capital management frameworks, IT infrastructure and financial planning, marketing and operations financial reporting capabilities.

Desired Competencies:

• Excellent leadership and management skills;
• Convincing personality and ability to motivate and inspire teams and clients;
• Excellent communication skills (oral and in writing);
• Able to see the big picture and plan out details and therefore detail-oriented
• Strong process and planning orientation;
• Goal-oriented, task driven;
• Designs efficient systems, seeks productivity;
• Reliable, follows through on commitments;
• Commitment to and sincere interest in the philosophy and goals of development cooperation
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions.

Interested and qualified candidates should: Click here to apply     Application Deadline  Wednesday; 29th May, 2019.

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