About This Role
This is a governance and oversight position at a micro-credit institution, meaning you would be the person who translates regulatory expectations into daily operating discipline across the entire company. The work sits at the intersection of risk identification, policy design, and board-level reporting — you are effectively the institution's early warning system. Micro-credit providers in Ethiopia operate under close NBE scrutiny, so this role carries real weight despite being mid-level. It suits someone who is comfortable being the person who raises uncomfortable issues before they become problems.
What the Requirements Say About This Role
The profile being sought is someone who has already worked inside a regulated financial institution long enough to understand how NBE directives land in practice — not just what they say on paper. The emphasis on board reporting and committee presentations signals that written and verbal communication carry as much weight as technical risk knowledge. The 3-5 year window suggests they want someone with enough exposure to have handled real compliance cycles but who is still hands-on enough to build frameworks rather than just manage a team. The AML and ERM language points to a candidate who can work independently with minimal supervision, since these functions are often thinly staffed in smaller institutions.
How to Approach This Application
Lead with concrete examples of compliance work you have actually delivered — specific directives you have helped implement, risk registers you have built, or reports you have prepared for senior management or boards. This employer will likely be assessing whether you can function without a large team behind you, so demonstrate self-direction. If you have experience with NBE examinations or audits, mention it explicitly, as that is probably their sharpest pain point. Avoid vague statements about "understanding regulations" — show what you did with that understanding.
Who This Role Suits
Best suited for someone who has spent a few years in risk or compliance at a bank, insurer, or MFI and wants to take ownership of the function rather than support it from the side. Competition is likely moderate — the NBE compliance experience narrows the pool considerably, but the mid-level framing means you will face candidates from larger institutions looking to step into a more senior-sounding title.
Main Duties and Responsibilities:
- Enterprise Risk Management (ERM):
- Develop, implement, and maintain a comprehensive ERM framework and policy approved by the Board.
- Facilitate the identification, assessment, and documentation of all key material risks across the company.
- Develop risk mitigation strategies and key risk indicators (KRIs) to monitor risk exposures.
- Prepare and present the company's risk profile and risk management reports to the Management Committee and Board Risk Committee regularly.
- Regulatory Compliance:
- Develop and maintain a robust compliance management system to ensure adherence to all NBE directives, anti-money laundering (AML) laws, and other relevant regulations.
- Continuously monitor regulatory developments, interpret new directives, and advise management on necessary implementation steps.
- Develop and implement compliance testing programs to assess the effectiveness of controls.
- Act as the designated Money Laundering Reporting Officer (MLRO) and ensure timely reporting to the Financial Intelligence Center (FIC).
- Credit Risk Management:
- Oversee the development and enforcement of sound credit policies, procedures, and underwriting standards.
- Monitor the quality of the loan portfolio, ensuring timely and adequate loan loss provisioning as per NBE guidelines.
- Analyze portfolio trends and recommend strategies to maintain portfolio health.
- Operational & Other Risks:
- Manage operational risk, including fraud risk, through effective controls, insurance, and business continuity planning.
- Monitor liquidity risk and ensure compliance with NBE's liquidity ratio requirements.
- Assess strategic and reputational risks.
Qualifications and Experience:
- Education: Degree in Finance, Economics, Business Administration, Risk Management, or a related field.
- Experience: Minimum of 5 years of experience in risk management and/or compliance within the Ethiopian financial sector, with at least 1 years in a senior role.
- Expertise: Professional certification such as Financial Risk Manager (FRM), Certified Risk and Compliance Management Professional (CRCMP), or similar is highly desirable.
- Knowledge: Expert-level knowledge of:
- NBE's microfinance directives, especially regarding risk management, capital adequacy, and AML/CFT.
- Enterprise Risk Management frameworks (e.g., COSO ERM).
- Credit risk analysis and portfolio management techniques.
- Skills: Strategic thinker with excellent analytical, decision-making, and communication skills.
How To Apply
Interested candidates should send their resumes along with a cover letter to our HR department at hr.admin@digafcredit.com no later than 10 days. Please specify the position you are applying for in the subject line of your email.
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