Risk & Compliance Officer at Corporate Staffing

Responsibilities for the Risk & Compliance Officer Job

• Conduct and document compliance risk assessments for each function in the business
• Monitor and track relevant operational risk activities including regular review and follow up of functional risk self-assessments at scheduled intervals..
• Coordinate with the audit department in the conduct of regular risk self-assessments schedules and action plans.
• Conduct internal audits from time to time to test effectiveness of controls and systems.
• Track and enforce closure of corrective actions arising from internal and external audits in liaison with the other departments
• Communicate any new tools or technological approaches to measuring operational risks for the business.
• To assist in any special assignments and investigations as may be required by the management into any matter or activity affecting operating efficiency.

Risk & Compliance Officer Job Qualifications

• Bachelor’s degree in Business, Accounting or Finance.
• A certified accountant (CPA, ACCA) with recognized professional designations in audit (CIA or CISA) as an added advantage.
• 1 to 2 years’ experience in risk and compliance management in the financial services industry.
• Solid understanding of risk and control concepts. Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management.
• Comprehensive and current knowledge of legislation applicable to Microfinance institutions including the CBK Prudential Guidelines and the Microfinance Act.
• Good understanding of accounting principles and financial statements as well as well-developed technical skills in Microsoft word and excel.