The Role
Manages operational risk within an MSME lending framework by conducting risk assessments, gap analyses, RCSA exercises, stress testing, control monitoring, regulatory oversight, and incident reporting. Develops mitigation strategies, business continuity plans, and crisis response procedures while promoting risk awareness through training. Leads stakeholder workshops, collaborates across departments, supports regulatory audits, analyzes risk trends, and provides actionable insights to senior management.
Summary Generated by Built In
The Operational
Risk Manager will be responsible for identifying, assessing, and managing
operational risks within the MSME lending framework. This role requires a
strategic mindset to align risk management practices with business objectives
while ensuring compliance with regulatory requirements.
Key
Responsibilities
- Risk
Identification and Assessment
- Conduct regular risk assessments to identify potential
operational risks.
- Collaborate with various departments to evaluate
existing risk management processes.
- Gap
Assessment and RCSA
- Perform gap assessments to identify areas where
current practices do not meet regulatory or internal risk management
standards.
- Oversee the implementation of Risk Control
Self-Assessment (RCSA) processes to evaluate the effectiveness of
internal controls.
- Facilitate workshops with stakeholders to gather
insights and validate findings from RCSA exercises.
- Periodic
Stress Testing
- Organize and lead periodic stress testing meetings to
evaluate Fawry MSME resilience to adverse conditions.
- Develop and implement stress testing scenarios that
reflect potential operational and financial crises relevant to the MSME
lending environment.
- Analyze outcomes of stress tests and provide
actionable insights for risk mitigation.
- Risk
Mitigation Strategies
- Develop and implement risk mitigation strategies and
controls.
- Monitor the effectiveness of risk controls and
recommend improvements.
- Reporting
and Analysis
- Prepare detailed reports on operational risks and
incidents for senior management.
- Analyze trends in operational risk data and provide
insights for decision-making.
- Compliance
and Regulatory Oversight
- Ensure adherence to regulatory requirements related to
operational risk management.
- Liaise with regulatory bodies during audits and
examinations.
- Training
and Awareness
- Organize training sessions for staff to promote
awareness of operational risks.
- Foster a risk-aware culture within the organization.
- Crisis
Management
- Develop and maintain business continuity plans and
crisis management procedures.
- Lead responses to operational risk incidents and
ensure effective resolution.
Requirements
- Education
- Bachelor’s degree in Finance, Business Administration,
Risk Management, or a related field.
- A master’s degree or professional certification (e.g.,
FRM, CRM) is preferred.
- Experience
- Minimum of 7 years of experience in operational risk
management, preferably within the financial services or lending sector.
- Proven experience in risk assessment and mitigation
strategies.
- With proven experience in managing teams
- Skills
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in data analysis tools.
Key Competencies
- Strategic
Thinking: Ability to align risk management with organizational goals.
- Attention
to Detail: Meticulous in identifying and assessing risks.
- Leadership:
Capable of leading teams and fostering collaboration across departments.
Working Conditions
- Office-based.
Skills Required
- Bachelor's degree in Finance, Business Administration, Risk Management, or a related field
- Master's degree or professional certification such as FRM or CRM
- Minimum 7 years of experience in operational risk management, preferably in financial services or lending
- Proven experience in risk assessment and mitigation strategies
- Proven experience managing teams
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Proficiency in data analysis tools
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The Company
What We Do
Fawry MSME Finance is an Egyptian digital microfinance company that provides financial services to micro, small, and medium-sized businesses. It supports entrepreneurs through simplified procedures, digitalized financing processes, and understandable financial products, including term loans and credit lines for working capital and fixed assets. Its Tamweelak Fawry app lets eligible businesses apply for financing, open accounts, track requests, and manage loans digitally.
