COOPERATIVE BANK OF OROMIA new Vacancy

COOPERATIVE BAMK OF OROMIA

The history of cooperative banks has been traced back to the financial exclusion faced by many communities in the 19th century. With the industrial revolution, the emerging financial services sector was primarily focused on wealthy individuals and large enterprises in urban areas. The rural population, particularly farmers, small businesses, and the communities they supported, were excluded from financial services. Thus, cooperative banks were originally set up to correct this market failure and to overcome the associated problems of asymmetric information in favor of borrowers.

In respect of Ethiopia, the country has a very low financial service coverage as mainstream financial institutions are heavily tilted towards the urban centers with good physical infrastructure, leaving the rural areas underserved. Traditionally, ‘Equbs’ and ‘Idris’ are informal institutions that are deeply ingrained in the life of communities and have also been serving the financial needs of the rural society to some extent. Reluctance and low capacity of the formal financial institutions in the country to serve rural communities, a demand-supply gap prevailed in the financial market, especially in rural areas, coupled with farmers’ awareness to be organized into cooperatives and the increasing need to finance cooperatives called for the establishment of a cooperative bank. Furthermore, finance appeared to be the critical bottleneck to sustaining the cooperative institutions and ultimately the farmers. It was all these glitches that initiated the inception and establishment of the Cooperative Bank of Oromia.

Haile Gebre Lube, regarded as the founding father (proponent) of Ethiopia’s cooperatives, brought the idea of founding the bank for he believed that the best way to fight poverty is through cooperation. Formally establishing a project office in 2002, the bank’s formation was realized with the majority of shareholders being the cooperative societies. The bank then is commercially licensed in October 2004 and commenced operations in March 2005. As there are no legal provisions that allow the establishment of a cooperative bank in the country, the bank was registered in accordance with article 304 of the commercial code of Ethiopia.

The Bank has a broad ownership base and diversified ownership structure. It comprises Cooperatives and Non-Cooperative members. The cooperative member includes Primary Cooperatives, Cooperative Unions, and Cooperatives Federation whereas, non-Cooperative members include Organizations, Associations, and individuals.

The Coop bank now has a total asset value of more than ETB 114.36 billion. The bank has 593 + branch networks, 9 million account holders, and more than 11,500 employees.

Cooperative bank of Oromia inviting for the following position

Position 1: Manager- Project Management (BPO)
Job Requirements:

Education: Masters/BA Degree in business-related fields, project management, or related field.

Experience: Minimum of 7/9 years experience in the banking industry for Masters and Bachelor Degree respectively of which 4 years on supervisory level.

Position: 2 IT Project Manager
Job Requirements:

Education: Sc./ BSC Degree in Information Technology, Computer Science, or related field

Experience: Minimum 7/9 years of experience in the banking sector for Master’s Degree and Bachelor Degree respectively from which 3 years on supervisory level.

Position: 3 Agile Project Manager
Job Requirements:

Education: BSc Degree in Information Technologies, Computer Science or related fields;

Experience: 6 years of IT project management and/or Digital Projects; or managing Software Development projects

Position: 4 Senior Project Management Officer
Job Requirements:

Education: BSC Degree in Computer Science, Computer Engineering, Electrical Engineering, or related field

Experience: minimum of 4 years of experience in Project Management.

Position: 5 Corporate Customer Relationship Manager
Job Requirements:

Education: MA/MBA or BA Degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Seven years for BA and Seven years of relevant Banking Experience.

Position: 6 Principal Credit Analyst
Job Requirements:

Education: MA/MBA or BA Degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Seven years for BA and Five years for MA/MBA relevant Banking Experience.

Position: 7 Credit Analyst
Job Requirements:

Education: MA/MBA or BA Degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Six years for BA and Five years for MA/MBA relevant Banking Experience.

Position: 8 Senior Manager, Customer Relationship Management Team
Job Requirements:

Education: MA or BA degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Eight Years of relevant Banking experience.

Position: 9 Manager, Strategy Implementation and Monitoring Team
Job Requirements:

Education: MA or BA degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Seven Years of relevant Banking experience

Position: 10 Manager, Digital Banking Team
Job Requirements:

Education: MA or BA degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Seven Years of relevant Banking experience.

Position: 11 Branch Manager I
Requirements:

Educational Background: BA, Degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of Six years of relevant Banking experience from which one year at the Supervisory level.

Position: 12 Manager, Operation Management I
Requirements:

Educational Background: BA/BSc Degree in Economics, Accounting, Management, and other Business-related fields

Experience: Minimum of four years of relevant Banking experience from which one year on Supervisory level.

Language: Proven proficiency in Afan Oromo, Amharic, and English Languages is

Mandatory.

Remuneration: As per the Bank’s salary scale and benefit scheme

Terms of employment: Permanent after probationary period

Registration Deadline: September 08, 2022

Interested applicants who fulfill the above criteria can submit their copies of non-returnable CV with the application letter and copy of credentials; including a copy of the grade 8 ministry certificate and other supportive documents. Applicants should appear in person with original documents within five consecutive working days from the date of the announcement

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