Social Investment Managers and Advisors LLC (SIMA), a new generation, fast-growing impact investment manager (www.simafunds.com), with a unique business model and transparent culture, is looking for an experienced credit risk professional with 20+ years of experience to work with us as Chief Risk & Compliance Officer/ Partner. He /She will be directly reporting to the CEO and will be responsible for leading the risk & compliance across emerging market debt and equity funds. SIMA is an SEC registered investment advisor and manages over $320M and loans to over 130 SMEs in 28 African and Asian countries.  SIMA highly values risk management and places good risk management on par with good asset management.

SIMA is a unique impact investment manager that has launched some of the largest funds in the off-grid solar sector in Africa.  We have also created operating companies, such as an affordable fintech mortgage company in Pakistan and an online crowdlending platform in the US. We also have a charitable foundation, as not all impact investing interventions can be done commercially.

SIMA also provides advisory services to impact investors and companies working in solar energy, financial inclusion, affordable housing and education. We work in some of the poorest countries in the world in sub-Saharan Africa and Asia. SIMA believes in transparency, inclusive decision-making and innovative thinking. The firm’s Managing Partners are among the longest serving impact investment managers and actively contributed to the development of the impact investment industry. SIMA is based in the U.S. with the majority of staff in India, Pakistan, Nigeria, Kenya, and Uganda.

JOB DESCRIPTION

• Leading and supervising the overall Risk Management functions & processes, development of various tools, models & scorecards. Ensuring all major risks including Credit risk (administration and monitoring), Market Risk, Operational Risk, liquidity, Compliance, IT, ESG, Country/FX Risks, FX Policies and hedging mechanism risks have adequate controls and processes defined. As an SEC registered investment adviser we have to also broadly comply with the regulatory requirements.
• Work closely with the investment teams and proactively review the credit proposals and identify key risks, likely impacts and potential mitigating measures. Improve the overall credit quality and presentation to the investment committee as well as evaluating the ESG risks of transactions (working with relevant teams).
• Dealing with restructured/ Non-performing loans of all funds having different set of investor requirements, underwriting criteria and borrowers having different models & sectors, located in different geographies such as South Asia, Southeast Asia, Middle-East, Africa, North America etc.
• Serve as approving authority for loan disbursements ensuring Condition Precedent compliance, financial performance review, KYC compliance, ESG Compliance, funds underwriting compliance and review of legal documents.
• Developing monitoring mechanism and managing Key Performance Indicators for covenants, financial performance, risk rating models, ESG assessment models and reporting such as investors, regulatory reporting, impact reporting, dashboards etc. for various stakeholders.
• Work closely with investment teams to develop fund models and corresponding risk appetites and stress testing for new fund launch and monitoring over the lifetime of the fund. This includes developing, maintaining and updating risk predictions and projection models (i.e., PD, risk scoring). This will also require linking this ongoing risk analysis, to be used by the portfolio team.
• Maintain and improve the overall monitoring mechanism such as periodical review of overall processes, credit monitoring including but not limited to covenants, financial covenants and probability of impairment through stress testing. This includes helping provide quality control of investment assessments through financial model audits & stress testing etc.
• Lead the overall framework of operational risk management, IT frauds management including but not limited to IT framework and other administrative risks.
• Co-ordinate with finance team to deal with audit matters and review provisioning recommendations using discounted cash flow analyses based on collateral held and compliance with relevant finance standards.
• Conduct periodic review of valuations, policies and risk management processes and present these KPI reports to senior management and fund boards.
• Review and improve investment manual policies (working with management) and make sure they are reflected in the investment analysis and committee decision-making process.

QUALIFICATIONS

• 20+ years of credit risk experience in corporate, SME and renewable energy project finance in emerging markets or related experience, preferably in an asset management or bank environment.
• Degree in Business e.g., MBA and/or CA with a specialization in Finance and/or Risk.
• A CFA, FRM, PMP or any other related certification will be advantageous.
• Strong knowledge of market instruments and investment risk.
• Experience in managing investment restructures, workouts, and recoveries.

APPLY

Please send your resume and current compensation  to careers@simafunds.com and nasima@simafunds.com . The title of your email should be “Chief Risk & Compliance Officer / Senior Vice President”.