Head of Risk Management and Compliance

Responsibilities

• Promote and continuously improve Risk culture in the organization, Support Management to develop the Risk Appetite framework, Monitor and analyse external and internal events to understand and assess the overall Risk profile adequately,
• Support business in developing appropriate Risk Management strategies/tools and disseminating appropriate risk management practices in line with developments in the market/industry, laws, regulations, etc,
• Overseeing and enforcing risk management policies and established risk limits to close significant gaps in risk management capabilities (policy monitoring),
• Conduct analysis of operations of the subsidiary to identify risks and make recommendations for preventive actions,
• Timely investigation, analysis, and reporting of compliance issues and/or instances of fraud which can negatively affect the Company's operations and reputation,
• Manage evaluation of the possible risks (including third-party risks associated with vendor selection and management, as applicable) for the proposed new products, procedures, and functions, set up and manage internal control tools and instruments during implementation,
• Support the implementation and execution of the responsibilities and activities articulated in the FINCA Internal Control Manual,
• Implement and support AML/KYC compliance and Fraud management directives,
• Manage control activities and reporting of the subsidiary, including the monitoring and reporting of progress against corrective action plans that address control deficiencies/findings identified by management self-assessment or internal/external audit activities,
• Providing an independent view of proposed business plans and appropriate reporting on risks identified to the Management,
• Support Management in ensuring compliance of Internal Control functional activities with the Charter/bylaws of the Company, policies, procedures, plans and agreements, decisions of Company's governing bodies as well as headquarter and regional office supervisors,
• Manage regular evaluation process of all Company's regulatory documentation to ensure completeness, accuracy, and efficiency,
• Preparation of quarterly Risk reports for the subsidiary-level and FMH Board reporting,
• Supervise and monitor subsidiary Risk Management and Internal Control staff,
• Support the training and development of subsidiary Risk and Internal control staff, including AML/KYC compliance and Fraud Management responsibilities,

Requirements

• Practical banking and/or microfinance operations experience (7+ years),
• Can be credit, operations, audit, client-facing roles and/or risk management/internal control -any combination of experience,
• Leading virtual teams and/or management experience including project management,
• Not necessarily direct people management but team leadership (e.g., Project lead) experience.

Qualifications

• Bachelor's Degree or equivalent in Business Administration, Finance, Economics, Management, or related fields of study; advanced or graduate-level degree is desirable,
• Additional qualification/certification in Risk Management, AML/KYC compliance & internal controls is preferred.

Skills