FINCA International is currently looking for a Director, Global Risk Management to be based in Washington, D.C. The Global Risk Management Director plans, directs, and coordinates FINCA’s risk management and insurance programs to control global risks and losses by performing the following duties personally or through subordinate supervisors. Works closely with and trains risk staff at all levels of the network, particularly FINCA Subsidiaries, to implement FINCA’s enterprise risk management strategies. Reports to the Deputy to the President and CEO.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Plan, design, train, and implement an Enterprise Risk Management strategy for FINCA, to include policies, processes, tools, and structure, and by developing operational models and a Risk Management Policy Manual.
- Develop and implement risk management systems for each level and function of the organization, with an emphasis on training, particularly at the Subsidiary level, to ensure that FINCA employees effectively identify and mitigate risk.
- Develop tools to analyze and classify risks as to frequency and potential severity, and measure financial impact of risk on company. Scope includes, but is not limited to: major financial (e.g. credit, market interest rate, liquidity, foreign exchange), operational, regulatory, reputational, legal, and technological risks for FINCA, its Subsidiaries and other related entities.
- Create, manage and promote implementation of FINCA’s risk management policy manual.
- Select appropriate risk mitigation techniques and implement programs and policies to minimize loss, such as avoidance, loss prevention and reduction, retention, grouping of exposure units, and transfer.
- Work with the Deputy to the President and CEO, members of the Management Team, the Internal Audit function, and Subsidiary CEOs to prioritize the most important risks faced by the Institution and create an implementation matrix for addressing each of the identified risks.
- Manage the process of analyzing upside and downside risks, as well as identifying, describing and estimating the quantitative and qualitative risks affecting the business of FINCA and its Subsidiaries.
- Develop risk reporting in an appropriate way for the different audiences in FINCA, e.g. to the Board of Directors so they understand the most significant risks, to members of the Management Team to ensure they are aware of risks relevant to their parts of the institution (vis-à-vis the entire organization), to Subsidiary Management Boards and other key Subsidiary staff to ensure they are managing operational risk, and to individuals, where necessary, to understand their accountability for individual risks.
- Implement risk treatment by selecting and implementing measures to control and mitigate risks, including proposals to avoid the different types of risks faced by FINCA and its Subsidiaries.
- Monitor and review processes to ensure risk and compliance arrangements are in place, by working with the different departments in HQ and in the Subsidiaries.
- Manage operational insurance programs such as fidelity, surety, and liability.
- Provide support, education, and training of staff, usually at the Management level, both at HQ and in the field.
- Support risk management focused technical assistance efforts, including oversight, implementation and reporting to grantor institutions.
- Coordinate risk management activities across the FINCA network to complement Internal Controls, Compliance, Corporate Governance, Communications, Internal Audit, Finance, Advocacy, Knowledge Management, and Information Services Functions.
- Focus on expansion of technological solutions and increased use of metrics and models to refine risk measurement and tracking in order to more accurately and efficiently monitor risk indicators.
- Identify Key Risk Indicators (KRIs) and support departments in process of development, monitoring and reporting of KRIs.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
- Master’s degree (M. A.) or equivalent and minimum of 10 years of related work experience
- Previous experience in risk management of an international financial institution with operations in conflict zones and developing countries.
Travel Requirements Availability to travel (20%-50% of the time)
FINCA International Inc. is an Equal Opportunity Employer.
About the Organization
FINCA International, one of the world's leading microfinance institutions, provides financial services to over 950,000 clients through 21 wholly-owned and operated subsidiaries in Africa, Eurasia, Latin American and the Greater Middle East.