Chief Credit Officer

Job Summary

The Chief Credit Officer (CCO) is a pivotal leadership role reporting to the Chief Executive/Operation Officer. The CCO is responsible for developing and implementing credit risk management strategies, overseeing the loan portfolio, and ensuring compliance with Islamic Sharia principles, Central Bank regulations, and industry best practices. The role involves managing a team of credit professionals, approving credit decisions, and fostering a culture of prudent risk management to support Aurum Afghanistan’s mission of financial inclusion and social impact.

Duties & Responsibilities

Credit Risk Management

·       Develop and implement comprehensive credit risk management strategies, policies, and procedures to ensure a high-quality loan portfolio aligned with Islamic Sharia principles.

·       Identify, assess, and mitigate credit risks, including those related to microfinance products and services.

·       Monitor key risk indicators (KRIs) to proactively address potential credit risks and maintain portfolio health.

Loan Portfolio Oversight

·       Oversee the institution’s loan portfolio, ensuring credit quality and minimizing non-performing loans.

·       Conduct regular portfolio reviews to identify risks and implement mitigation strategies.

·       Ensure alignment of lending practices with Islamic Sharia-compliant financing principles (e.g., Murabaha, Mudaraba, Ijara).

Credit Policy Development

·       Develop and maintain credit policies, procedures, and guidelines that comply with Central Bank regulations, Islamic Sharia standards, and microfinance best practices.

·       Ensure policies support financial inclusion while maintaining risk control and operational efficiency.

Credit Approval

·       Review and approve loan applications, ensuring decisions adhere to established credit policies, Islamic Sharia principles, and regulatory requirements.

·       Provide guidance on complex credit cases to ensure sound lending decisions.

Staff Management and Development

·       Lead and manage a team of credit professionals, providing training, mentorship, and performance evaluations to enhance team capacity.

·       Foster a culture of accountability, ethical decision-making, and compliance with Sharia and regulatory standards.

Regulatory and Stakeholder Engagement

·       Collaborate with the Central Bank of Afghanistan and other regulatory bodies to ensure compliance with applicable laws and regulations.

·       Serve as a key liaison with internal and external stakeholders, including auditors, clients, and partners, to promote transparency and trust.

Islamic Sharia Compliance

·       Ensure all credit products and processes comply with Islamic Sharia principles, including oversight of Sharia-compliant financial instruments.

·       Work with Sharia advisory boards to validate compliance and address emerging issues in Islamic finance.

Reporting and Analytics

·       Compile, assess, and report credit risk information to the Chief Executive/Operation Officer and the Board of Supervisors.

·       Utilize data analytics to monitor portfolio performance, identify emerging risks, and update the risk profile.

Social Impact and Financial Inclusion

·       Support Aurum Afghanistan’s mission by ensuring credit policies and practices promote access to finance for low-income clients.

·       Monitor the social performance of credit operations to align with the institution’s social goals.

Other Duties

·       Perform additional tasks as assigned by the Chief Executive Officer to support organizational objectives.

Job Requirements

·       At least a Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field.

·       Master’s degree or ACCA membership is preferred.

·       Professional certifications such as PRM (Professional Risk Manager), FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or equivalent are highly desirable.

·       Certified Islamic Professional Accountant (AAOIFI) certification or equivalent training in Islamic finance is mandatory.

Submission Guideline

Interested candidates who meet the above requirements are encouraged to apply for this position. Please submit the following:

·       A detailed CV highlighting relevant experience and qualifications.

·       A cover letter explaining your suitability for the Chief Credit Officer role and your commitment to Aurum Afghanistan’s mission.

Send your application via email to:

hr@aurumaf.com

Subject: Application for Chief Credit Officer – Aurum 033.