African Guarantee Fund Senior Risk Officer Jobs in Kenya
African Guarantee Fund Senior Risk Officer Jobs in Kenya
AGF was officially launched on June 2nd, 2012, in Arusha, Tanzania, by Dr. Donald Kaberuka, the former President of the African Development Bank (AfDB), which together with the governments of Denmark (through Danida) and Spain (through aecid), are the founding shareholders.
AGF’s key mandate is to assist financial institutions increase their financing to African Small and Medium Sized Enterprises (SMEs) through the provision of partial financial guarantees and capacity development assistance.
The African Guarantee Fund for Small and Medium- sized Enterprises (AGF) is incorporated and
licensed in Mauritius as a limited liability company and has its office of operation in Nairobi, Kenya.
AGF partners with financial institutions to ease access to finance for Small and Medium-sized Enterprises (SMEs).
AGF contributes to the promotion of economic development, vital for prosperity, stability and poverty reduction in Africa through two lines of interventions:Provision of a mix of financial guarantees and other products which reduce the risks supported
by financial institutions when lending to SMEs that have insufficient collateral. These guarantees
contribute to reduce the inability of SMEs to provide acceptable guarantees required by financial
institutions prior to lending.
Support for capacity development of the client financial institutions to enhance their capacity to
appropriately assess loan requests from SMEs and to mitigate risks associated with the guarantee.
AGF operates according to market principles and is a commercially viable venture with its products being utilized in 39 countries in Africa, and it’s gradually expanding with an aim of covering the entire Africa by 2021.
The African Development Bank together with the governments of Denmark (through
DANIDA) and Spain (through AECID), are the founding shareholders of AGF. Other Shareholders
include: Agence Française de Développement (AFD), Nordic Development Fund (NDF), Investment
Fund for Developing Countries (IFU) and KfW Development Bank.
AGF Group is rated with a stable credit rating of AA- by Fitch Rating International
The position focuses on supporting the Chief Risk Officer in managing Market, Liquidity, Credit and Compliance Risks within the organization.
Conduct Market & Liquidity Risks assessment of the Treasury book of the Fund
Highlight all identified Market & Liquidity Risks and make risk mitigation strategies
Review the Guarantee Approval Request for the French speaking countries both with Business
Development Officers and Chief Risk Officer
Setup and monitor the compliance policy of the Fund, including AML/CFT requirements
Support in developing risk policies and procedures, risk limits and approval authorities
Support the implementation of all aspects of the risk function, including implementation of
processes, tools and systems to identify, assess, measure, manage, monitor and report risks
Monitor all limits and risk issues
Follow-up on all outstanding information and documentation required for Risk Department’s
Support the Chief Risk Officer and the Risk team in the end-to-end Fund management
Compile regular and ad-hoc risk reports as required in both English and French
In addition to the above duties, the Senior Risk Officer may be required to perform other related or
unrelated duties based on the company’s needs.
Desired Qualifications, knowledge, skills & Experiences
Master’s degree in Commerce, Accounting, Finance, or Business administration;
A Minimum of Seven (7) years’ experience in Risk department of a bank or financial institution
that trades on Financial Markets. Experience in Market Risk Analysis is a MUST. Experience in
financial institutions Credit Analysis and SME Credit analysis is an added advantage.
BILINGUAL fluent in English and French
Strong Risk and financial analysis skills
Demonstrated understanding of AML/CFT and any other regulatory requirements
Demonstrated understanding of insurance, guarantee and bonding facilities
Demonstrated track record in business development and portfolio management.
Demonstrated understanding of guarantee and banking products;
Ability to compile and report results of activities
Additional eligibility critical Competencies and desired characteristics
Excellent analytical and IT skills;
Ability to work independently and with teams;
Self-driven individual with a passion and flair for helping SMEs succeed;
Ability to work in a professionally and culturally diverse setting;
Willingness to travel;
The position is open to bilingual nationals of any African country.
Terms of offer
The African Guarantee Fund for Small and Medium-sized Enterprises (AGF) is an equal opportunity employer and offers a regionally competitive salary with an excellent benefits package.
AGF prides itself on its collegial, supportive and gender sensitive working environment and believes that staff diversity promotes
excellence. Female candidates are strongly encouraged to apply.
How to Apply
Applicants should apply by email, sending a cover letter summarizing their relevance to this position, a full C.V. names and contact information of three referees knowledgeable about the candidate’s professional qualifications and work experience to: [email protected]
“Application for Senior Risk Officer” should be clearly marked on the subject line of the email message.
Applications will be considered until 24th January 2019 or until the position is filled.
Only short-listed applicants meeting the above requirements will be contacted
For more information and job application details, see; African Guarantee Fund Senior Risk Officer Jobs in Kenya
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