Member of Board of Supervisors

Full Time
Posted 3 weeks ago

About FMFB-A:

As a background, FMFB-A started its operation in 2004 and is part of the Aga Khan Agency for Microfinance (AKAM), which has financial institutions operating in different countries throughout the world. It is affiliated with the Aga Khan Development Network (AKDN), a group of development agencies working in health, education, culture and rural economic development.

Job Summary:

The primary role of the incumbent as a Member of the Board of Supervisors is to ensure that the Board of Management carries out and manages the Bank’s activities in line with the Bank’s approved business strategy, risk appetite, policies approved by the Board of Supervisors, and relevant laws and regulations of DAB. As a Member of the Board of Supervisors, he is accountable to the shareholders for ensuring the Bank is effectively managed by maintaining a competent Board of Management, strong and effective internal controls, and coherent and compliant policies and procedures. This is a mix of online and hybrid part-time employment.

Job Details:

TitleMember of Board of Supervisors# of Vacancies1
NationalityInternationalGrade, SalaryAs per the Bank salary scale
TypePart-TimeClosing dateJune 15, 2024
DurationLong TermLocationHybrid Position
Vacancy ID.FMFB-HR-0074-2024GenderMale / Female

Duties & Responsibilities:

  • To approve the Bank’s Strategic Business Plan and Annual Budget, policies necessary for the efficient administration of the Bank, including its Risk Management and Credit Policies, and to monitor and enforce the achievement of the financial performance
  • To supervise the Bank’s adherence to DAB law and regulations, ensuring that internal controls and risk management measures are adequate for the efficient operations of the Bank and that the Bank adheres to the highest standards of compliance and ethical behaviour in its operations and its treatment of stakeholders.
  • To ensure that DAB and the shareholders are informed immediately of any deterioration in the financial position of the Bank, especially in respect of any potential threat to the adequate capitalization of the Bank, or any danger of such deterioration or any other thing that may materially affect the financial position of the Bank.
  • To ensure the implementation of the DAB directive and any other matters within the power of the Board of Supervisors in the Bank’s Charter or By-Laws.
  • To ensure that the Board of Management implements the policies and procedures, as well as any corrective actions required by DAB.
  • In concert with its committees, to review and, if necessary, revise the policies and procedures at least annually to ensure that they remain adequate and consistent with the Bank’s operations.
  • To verify and ensure the integrity of the Bank’s financial reporting to stakeholders.
  • To supervise the financial operations of the Bank. The Board of Supervisors may demand of its external auditors and of its Board of Management that they assist in identifying any problems the Bank may be encountering.
  • To approve the Bank’s organogram and to assist the CEO in building a competent and professional Board of Management to undertake the efficient day-to-day administration of the Bank.
  • To supervise the Board of Management in managing the operations of the Bank efficiently and professionally and in protecting the interest of the Bank at all times in their day-to-day management of the Bank’s operations.
  • To introduce the new member of the Board of Management to DAB for interview and approval within a period no longer than three months after a Board of Management position becomes vacant.
  • To appoint, dismiss, and determine the remuneration of the member of the Board of Management of the Bank and to assess their performance in their roles.
  • To make decisions regarding the opening and closing of Branches and outlets of the Bank.
  • To organize General Assembly meetings, adopt the agenda of the Meeting and make recommendations to shareholders on matters requiring their approval, including the appointment of external auditors of the Bank.
  • To make decisions concerning dividend distributions, subject to the requirement of banking laws and the regulation of DAB.
  • To ensure that the personal interests of the members of the Board of Supervisors and Board of Management do not conflict with the best interest of the Bank.

Job Requirements:

  • The candidate must possess a minimum bachelor’s degree qualification in the relevant field (economics, finance, banking, business, law or ACCA) with five years of work experience in the banking or financial institution.
  • The candidate must be fit and proper as outlined in the DAB banking law.
  • The candidate cannot be in public services with the Government of Afghanistan except in a teaching capacity.

Submission Guideline:

If you meet the above requirements, we are encouraging you to apply for this position. Please send us your CV along with a cover letter via email at  and cc

Please make sure that your email includes the vacancy ID as the subject line.

Apply Online

A valid email address is required.
A valid phone number is required.

FMFB-A strives to provide an equal employment opportunity to each qualified candidate/applicant, without regard to race, color, religion, ethnicity, national origin, sex, age, social status, cast/creed, language, disability, marital status, or political affiliation.