LAPO Microfinance Bank Limited is a pro-poor financial institution committed to the empowerment of low-income Nigerians through access to responsive financial services delivered on a sustainable basis. The institution was founded as a non-profit entity by Mr. Godwin Ehigiamusoe while working as a Rural Co-operative Officer in Delta State, Nigeria. In 2010, LAPO set up a microfinance bank and transferred the bulk of its microfinance operations to the new institutional vehicle.
LAPO Microfinance Bank Ltd., in partnership with the German AFOS Foundation, and the German Catholic Entrepreneurs Association (BKU) is implementing a project co-financed by the German Government to strengthen LAPO’s capacity to promote qualitative growth and efficiently manage the quality of its services. Focus is on ensuring efficient management of resources, personnel development as well as improving LAPO’s capacity to provide further training to other microfinance institutions.
The project is seeking to recruit a trainee for Risk Management.
Position: Management-Trainee for Risk Management
Ref: LMGTRM09
Location: Lagos
Institution & Project Program Professional Background
Lift Above Poverty Organization Microfinance Bank (LAPO) MFB Ltd. in partnership with the German AFOS Foundation, and the German Catholic Entrepreneurs Association BKU are implementing a project co-financed by the German Government to strengthen LAPO with regards to its capacity, to promote qualitative growth and to efficiently manage the quality of its services. The focus is on the building and expansion of efficient management and personnel development and on improving LAPO’s capacity to provide further training also to other microfinance institutions.
One of the main components of the project is the Trainee-Program.
It is designed to cover a period of twelve months shared between:
On-the-job training (operations – Field, Branch, Region and Head Office) for about three months;
Functional information and involvement in projects – about two months;
Project Management and responsibility – about two months;
Special training in the functional areas where the future job is planned – about three months;
Formal training units in the form of seminars and workshops on relevant management skills – two months and continuous after the program.
Under the overall guidance and direct supervision of the Head Risk Management Unit
The Trainee is expected to work in close collaboration with all the operational units of LAPO MFB within the prescribed timeframe and to support project delivery in areas and functions assigned.
Target of trainings
Next to the intensive academic trainings on general management, inputs on LAPO culture, strategy, structure and systems as well as on-the-job project management capacity building, the focus of professional training is to protect the bank’s operational assets through the development, implementation, and monitoring of effective operational risk management strategy and framework, in compliance with regulatory guidelines and requirements
Focus areas of professional training
To be trained to perform the following duties and tasks:
Develop appropriate operational risk strategy and framework for the bank
Monitor Portfolio At Risk in the branches across the Regions
Review Area Managers monthly reports
Prepare monthly risk report for the Executive and Risk Management Committee
Convene Executive and Risk Management Committee meeting and prepare the minutes monthly
Visit Unions or EDLS clients monthly to confirm that reconciliation of membership cards have been done
Monitor and identify factors and developments that can affect the bank’s reputational risk and advise management on how to mitigate those risks
Identify staff training needs in the area of risk management and train staff appropriately bank-wide
Appraise subordinates promptly and objectively, and follows up on action points resulting from the appraisal
Take responsibility for the training, coaching and mentoring of subordinates
Carry out other duties as may be assigned by Head, General Services unit, in relation to job. Copied from: www.hotnigerianjobs.com
Education qualification
The ideal candidate must possess either Bsc or HND in Social sciencesfrom a reputable institution
A post graduate degree and/or relevant professional qualification will be an added advantage
Other skills and competences
Sound knowledge of best practices in risk management;
Knowledge of existing regulatory framework;
Knowledge of industry and economic environment;
Strong and effective negotiation skills;
Team building, people and conflict management skills;
Strategic thinking and analytical skills;
Managerial and leadership skills;
Integrity and firmness;
attention to detail and accuracy;
strong communication skills;
information and task monitoring;
problem analysis;
Sound mastery in the usage of computers and office software packages (MS Word, ppt., Excel, etc) and knowledge of spreadsheet and database packages, experience in handling of web based management systems;
Organizational skills, secretarial and office management competences;
Demonstrate corporate knowledge and sound judgment;
Self-development, initiative-taking;
Learning and sharing knowledge; encourage the learning of others.
Accountable and transparent in all aspects of work;
Readiness and ability to accommodate flexible working hours;
Readiness to accommodate travels outside the regular work station (in particular travels to Benin City);
Ability and readiness to work with people of different nationalities and cultures
Experience
Not relevant in the case of fresh graduates with the relevant academic qualifications; alternatively
Minimum of three (3) years experience in a risk management function
Key performance indicators
Percentage of Portfolio at Risk
Incidents of sanctions for non-compliance in risk management
Timeliness of reports and deliverables
Error rates in reports and deliverables
Volume of cases handled, as against outstanding cases
Language: Fluency in English
Age limit: Between 25 and 30 years of age
Start Date: 1st April 2014
Duration of program 12 months
Remuneration
Salary: Competitive and based on qualification
Application Closing Date
5th of March, 2014
Method of Application
Interested and qualified candidates should
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