Risk & Compliance Officer at Uwezo Microfinace Bank

RCO/10/17/ UMBHRD

Safeguarding the organization, its customers, reputation, assets and the interests of stakeholders by identifying and managing all threats to the achievement of its business objectives

Ensuring the Bank is in full compliance with all banking laws, rules, regulations, and internal policies, procedures and processes

Promoting risk and regulatory compliance by identifying, quantifying, reviewing, evaluating, and measuring risk to ensure that all risk categories are identified and managed in accordance with regulatory compliance and audit requirements, approved risk tolerance, risk appetite and strategic plans approved by the Board of Directors

Duties for the Risk & Compliance Officer Job

• Manage the implementation of all aspects of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage and report risks.
• Identify, assess and monitor risk on an ongoing firm-wide and individual entity basis and support in the implementation of internal controls which are effective in design and operation.
• Undertake quality control reviews for the business units to ensure consistent implementation of policies and processes across all business units and identify any gaps, challenges and improvement measures.
• Provide consolidated reporting, inclusive of an overall risk profile, ensuring that major risks are identified and reported to the Board Risk Management Committee on risk hotspots, measures and recommendations.
• Communicate Board and regulatory responses or directives to the business units.
• Monitor adherence to compliance, AML and KYC standards
• Assist in the development of and manage processes to identify and evaluate business areas’ risks and risk and control self-assessments. These include snap checks and other management monitoring checks/toolkits.
• Manage the process of developing risk policies and procedures, risk limits and approval authorities. Monthly & quarterly risk & compliance reports
• Monitoring the implementation of the Strategic plan
• Ensure that new policies and procedures & amendments of existing ones are verified and analyzed for risk mitigation.
• Ensure that all business functions policies are updated yearly.
• Ensure compliance of risk registers & establish the risk registers- Custodian of the Risk management policy
• Generate all KPIs/ periodic reporting/data in an appropriate form and timely manner to ensure that all direct and indirect areas of Risk are operating efficiently and conforming to agreed policies, processes, mandates and interpretations
• Implement and manage the risk and control assessment reporting process as well as manage and maintain management reports, follow up of issues identified for conclusive resolution
• Conducting feasibility studies for new business distribution channels.
• Do any other duties and responsibilities as may be assigned by the management.

Risk & Compliance Officer Job Qualifications

• Holds a Bachelor’s degree/Diploma in a business or finance related field.
• Professional banking qualifications is a plus.
• Financial/Risk related training is a plus.
• Experience in Micro-Finance Institution (MFI) at risk officer level an added advantage.
• Be able to understand and implement processes and procedures.
• Understand the Banking Act and Central Bank of Kenya (CBK) procedures
• Understanding Bank operations procedures relating to Cash, Cheques, Card handling Attention to detail
• Ability to prioritize
• Ability to identify unusual activities Speed and accuracy
• Ability to handle and work under pressure
• Familiarity with relevant Bankers realm modules
• Strong interpersonal and problem solving skills
• Strong internal customer service orientation
• Excellent communication and presentation skills, with outstanding reporting skills