Company Profile

Advans is a leading microfinance group established in 2005. Advans mission is to respond to the need for financial services of small businesses and other populations who have ill-adapted, limited or no access to formal financial services. The Advans Group currently spans nine countries: Cambodia, Cameroon, Ghana, the Democratic Republic of Congo, Côte d’Ivoire, Pakistan, Nigeria, Tunisia and Myanmar. As at end October 2019, the group served more than 1,000,000 clients and employed more than 7,300 staff. Headquartered in Luxembourg with support services in Paris, the group’s shareholders are EIB, KfW, FMO, CDC Group plc, FISEA (AFD Group) and IFC.

Advans Ghana, subsidiary of the international microfinance group Advans, started its activities in 2008. The institution offers a full range of adapted financial products and services to micro, small and medium sized enterprises in Ghana. The institution serves more than 64,000 clients through a network of 20 points of sale and over 650 employees.

Job Description

Do you want to work in an international environment? Do you have a passion for financial inclusion, serving the under-served and developing mutually beneficial business partnerships? Then Advans Ghana has a position for you! 

In joining the Risk Department as an Operational Risk Analyst, you will be responsible for carrying out review and evaluating new/revised processes to ensure the appropriate risk management oversight and infrastructure exist to measure, monitor, and control such risks. As well, support the completion of business unit-specific risk/control self-assessments, annual assessment reviews, and scenario analysis exercises, as well as analyzing the root causes of operational exceptions and assisting in the development and completion of risk mitigation strategies. 

The full-time position is based in Accra, at Head Office of Advans Ghana Savings and Loans.

What will your role be?
Under the direct supervision of the Chief Risk Officer, the Operational Risk Analyst would perform various functions, with a focus on processes risk mitigation for achieving organizational goals.  
 

This means to: 

• Work with business units to understand business drivers, concerns, future and offer support to mitigate risk.
• Work with business units to understand business drivers, concerns, future and offer support to mitigate risk.
• Support in completion of business unit-specific risk/control self-assessments, annual assessment reviews, and scenario analysis exercises, as well as analyzing the root causes of operational exceptions and assisting in the development and completion of risk mitigation strategies
• Continually perform review of processes and procedures to ascertain adequacy of controls and advice management on existing risks.
• Monitor to ensure key risk indicators are in place and provide monthly reports
• Update and maintain all operational risk management systems, models, procedures, and tools
• Develop control enhancements to ensure that any known risks are controlled within acceptable boundaries and consistent standards 
• Monitor and track operational risk issues on regular basis. 
• Conduct presentations and workshop sessions on risk identification and mitigation 
• Gather operational risk-related data from internal or external resources and conducting statistical analyses to quantify risk
• Management of incidents including assessment, reporting analysis and remediation
• Investigate control breaches and recommend enhancement to existing policies to mitigate risk.
• Identify, manage, strengthen, and alert management on all key inherent risks and assist in designing effective controls to mitigate such risks.
• Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.)

Reporting

• Produce input for monthly management reports for review
• Support in drafting Exco/MRC/Risk committee Reports
• Produce Adhoc reports for review
• Draft reports on Operational Risk Assessment findings, threats and exposure levels

Required Skills or Experience

What kind of profile are we looking for?

• A good first Degree in any field, plus Professional qualification in Banking (ACIB). At least 3 years’ experience as Operational Risk Analyst/Officer, Internal Control/Audit Officer/Process development Officer (preferably in the financial sector) 
• Familiarity with process adequacy and efficiency testing, knowledge of risk management frameworks like COSP.
• Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
• Advanced Microsoft excel skill