Aga Khan Agency for Microfinance: The Aga Khan Development Network (AKDN) now operates microfinance programmes and institutions in over 20 countries throughout the developing world. These programmes, which were previously distributed among the Aga Khan Fund for Economic Development (AKFED), the Aga Khan Foundation (AKF) and the Aga Khan Trust for Culture (AKTC), are now overseen by the Aga Khan Agency for Microfinance (AKAM). Operating in both rural and urban settings, the programmes have helped poor people from a variety of cultures to expand their incomes, improve their quality of life and become self-reliant. More information.....
The CEO is responsible for institution’s development and day-to-day general management, under the authority of the Board of Directors; and the relations with governments and supervisory authorities. The position has the following principal objectives:
To lead, manage and implement the strategic development of the entity as an effective microfinance company focussed on poverty alleviation and the provision of financial services and products. As an experienced team leader, the CEO will develop and manage a sustainable institution with a well balanced portfolio; broad geographical and product outreach and maximum impact.
To develop a solid strategic business plan to advance the institution's mission and vision, in line with AKAM’s objectives; as well as to promote sustainability and growth as an organization.
To hold overall responsibility for the performance of the institution, as per the business plan and benchmarks. S/he will promptly develop and recommend corrective action plans in case of adverse developments. S/he will supervise, co-ordinate, implement, expand and consolidate the existing operations. This would also require evolving new products and methodologies relating to group and community based loans.
To be responsible for ensuring the efficient and sound management of the financial resources of the institution and for the management of the risks related to the business. In this context, s/he will ensure the high quality of the portfolio, the sustained monitoring of the portfolio performance, and the active enforcement of recovery policies.
Capacity building of a core group of local professionals, capable of staffing, training and developing all managerial positions in the medium term without recourse to expatriate management or technical assistance. The CEO must be able to create and implements change management strategies and plans that will maximize the employee management and will minimize the employee resistance. S/he must be able adopt, attain and utilize proficiency on all changes which are affecting the employees in the company to achieve the business results.
Implement high standards of internal control and procedures in order to safeguard the institution’s operations, assets and data; as well as ensuring governance related to the country regulation.
Linking with other partners and donors to leverage existing AKAM investment in the institution. In particular preparing, submitting and procuring donor funding for expansion of activities.
Experience
Hold a degree from a leading university, preferably with a finance or business focus.
Have a minimum of 15 years professional experience within banking/finance, including a minimum of five years at a senior management level, at Chief Executive Officer or Chief Operations Officer level would be a strong asset.
Demonstrate exceptional management and leadership skills, and an ability to work under pressure to complete multiple tasks and meet deadlines.
Quick decision-making abilities, communication skills
Have experience working within developing countries with a strong interest in development and social issues.
The incumbent should possess excellent communication skills in English. Multiple skills and capacity to contribute at the different functional levels within the organisational structure of the programme.
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