Chief Risk Officer

ECFA sh.a is a Financial Institution providing a scope of financial services, including payday and consumer loans operating in emerging markets. Based on the proven experience in the industry and head office in Tirana the company offers consumer finance and microfinance services to private individuals with the most convenient borrowing process for the customer. Our team consists of financial, IT, and customer care professionals who are experts in their field. We are inviting ambitious professionals to apply for the position of Chief Risk Officer.

The role of the Chief risk officer is to lead analysis and risk assessments by building and implementing strategies and processes that reduce or eliminate risks for the most successful fulfillment of business plans and expected results.

The Chief risk officer is responsible for the management of all aspects of risk in the institution: risk related to employees, customers, reputation, assets, partners, etc. Specific non-financial risk areas include information security, compliance with regulatory reports, operational risk management.

• Building, implementing and directing the comprehensive risk management strategy for the institution

• Executive support for the growth of a work culture in the company that helps risk management

• Determining the amount and levels of risk acceptable in business, which guide the principles of building products and processes in the institution

• Ensures compliance with regulatory obligations while simultaneously providing a risk approach that allows business development with appropriate practical and commercial solutions

• Leads initiatives that bring efficiency to internal customer service processes by integrating compliance with risk levels

• Builds and monitors all the processes and documentation necessary for the proper implementation of the principles of Transparency, including the best practices and the guidelines of the regulator

• Leads, recruits, develops and motivates department staff to increase efficiency

• Ensures that Senior Management is updated with complete information on regulations and best practices to be in compliant.

• Builds and monitors internal controls in all internal processes that are identified as impacting the risks mentioned above

• Initiates with Human Resources Unit request for internal capacities require for management of risks from each department and unit

• Reviews all business requests for changes or implementation of new processes to identify and recommend necessary changes that help in good risk management

• Performs audits of the accounts that are in the system.

• Searching and finding additional information that is necessary for the optimal performance of the staff.

Is responsible for ensuring compliance with the requirements of the legal framework that regulates the microcredit financial institution.

Regarding Compliance Issues

The Compliance Department advises the governing bodies of Kredos regarding compliance

with laws, rules and standards, informing them on an ongoing basis about developments in this

field, and in particular performs/performs the following tasks:

o Education and training of personnel on compliance issues, serving as a point of contact within the entity for personnel issues or questions related to compliance;

o Drafting internal guidelines for the implementation of laws, regulations and standards through policies and procedures or other documents, such as compliance manuals, internal codes of ethics and practical guidelines;

o Identification, documentation and assessment of compliance risks in the activity of Kredos, including new products and practices, types of proposed new lines of activity or relationships with clients and significant changes in these relationships;

o Recommending the taking of measures and monitoring of corrective actions related to the findings of the Internal Audit Section and the regulatory and supervisory authorities for AML/CFT, both in Albania and abroad

• Performs any other work assigned by the Management;

• High level of education, preferably a master's degree in business administration and management;

• Advanced and deep knowledge of the banking/microfinance sector;

• Good knowledge of corporate governance, laws and regulations in force;

• At least 6 years of work experience in the banking/microfinance sector;

• Excellent leadership skills, with unwavering determination and personal integrity

• Advanced analytical skills, problem solving and decision-making;

• Good knowledge of the microfinance environment in Albania, including industry performance;

• Understanding of advanced business planning and regulatory issues

• A strong grasp of data analysis and performance metrics

• Ability to perform and manage under pressure and deadlines;

• Extreme attention to detail.

• Ability to quickly diagnose problems and anticipate potential problems

√ An exciting job within a quickly growing, innovative financial technology company.

√ Highly qualified, experienced, and friendly team of colleagues.

√ Modern working environment and great technical support.