Posted Jun 26, 2023 340 views
Position Overview:
The Assistant Manager, Risk Management, plays a crucial role in ensuring the effective identification, assessment, and mitigation of risks within a micro finance company. Working closely with the Risk Manager, the Assistant Manager supports the development and implementation of risk management strategies and policies to safeguard the organization's financial stability and reputation. This position requires strong analytical skills, attention to detail, and the ability to collaborate with various stakeholders.
Key Responsibilities:
Risk Assessment:
- Assist in conducting comprehensive risk assessments to identify potential risks and vulnerabilities within the company.
- Analyze and evaluate risks, considering both internal and external factors, to determine their potential impact on the organization.
- Collaborate with teams to gather relevant data and information for risk assessment purposes.
- Contribute to the development of risk assessment frameworks and methodologies.
Risk Mitigation:
- Support the implementation of risk mitigation strategies and controls to minimize identified risks.
- Monitor and review the effectiveness of risk mitigation measures and propose improvements as necessary.
- Provide guidance and support to branches in implementing risk management practices and ensuring compliance with policies and procedures.
- Assist in the development and delivery of training programs to enhance risk awareness and understanding among employees.
Risk Reporting and Monitoring:
- Prepare regular risk reports for management, highlighting key risk areas, trends, and emerging risks.
- Monitor risk indicators and triggers, ensuring timely identification and escalation of potential issues.
- Collaborate with relevant stakeholders to develop risk mitigation action plans and monitor their implementation.
- Contribute to the establishment and maintenance of risk management systems and databases.
Regulatory Compliance:
- Stay updated with relevant laws, regulations, and industry best practices related to risk management in the micro finance sector.
- Assist in ensuring compliance with regulatory requirements and reporting obligations.
- Participate in internal and external audits related to risk management and contribute to the resolution of audit findings.
Skills
Job Details
Diversity Inclusion:
FFO Support Program
FFO Support Program (FFOSP) is registered as a Non-Banking Micro Finance Company (NBMFC) which is regulated by the Securities and Exchange Commission of Pakistan. FFOSP was established in 2016 and is widely considered as one of the fastest growing institutions in the sector. FFOSP was created through a structured transformation of the credit and savings department of the Farmers Friends Organization (FFO), an integrated development oriented organization operating since 2003 in District Sheikhupura and its suburbs.
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