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 8-10 years of experience to work with us as Vice President / Senior Risk Officer. He /She will be directly reporting to the Head of Risk and will be responsible for managing risk & compliance across emerging market debt and equity funds.

We are a unique asset manager that has not only created some of the largest funds in the sector, but also creates operating companies, such as an affordable fintech mortgage company. We have also started 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, Uganda, Zimbabwe and Mexico.

JOB DESCRIPTION

• Work closely with the investment teams and Head of risk to 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).
• Should be well versed in project finance preferably in energy projects and be able to identify key-risks associated with the projects and its mitigating measures and effective monitoring plan.
• Maintain risk management systems, interfaces, reporting tools and related workflows. Review and improve risk assessment tools (e.g., risk appetite framework, rating range excel file) and where possible develop new tools.
• 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.
• Work closely with the investment teams on any problem loans and restructuring; take ownership over workout plans and provide input to investment committees managing customer workout situations.
• 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.
• Should be experienced in dealing with market risk matters, ALM framework and dealing with FX/hedging risk issues.
• Should be able to identify, monitor and improve the overall framework of operational risk management, IT frauds management including but not limited to IT framework and other administrative risks.
• Work 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 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.

OTHER LEADERSHIP RESPONSIBILITIES

• Attend regular risk meetings. Communicate investment risk issues, recommend, and own follow-up on improvement measures concerning risk management.
• Inform the management team of any pending or current issues.
• Own strategic internal communications related to risk between the investments and risk teams.
• Should be able to respond DDQ responses and investor relations content related to Credit & EM risk.

QUALIFICATIONS

• 8-10 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 salary expectation to careers@simafunds.com and nasima@simafunds.com . The title of your email should be “Vice President / Senior Risk Officer”.