Risk and Compliance Manager job at Microfinance Support Centre Limited ( MSC )

The Microfinance Support Centre Ltd is seeking to fill the position of Risk & Compliance Manager. This role reports to the Head of Quality Assurance Services.

Purpose:

To coordinate the Institutional Risk Management process by identifying key Institutional Risks, putting in place mechanisms to measure all risks, prioritizing tracking the risks, developing risk mitigation measures and monitoring the direction in line with MSC policies and procedures and Institutional mandate.

To ensure compliance with operating procedures, processes, policies and regulations and relevant Laws through championing of best business practices in all business units.

Key Result Areas:

• Risk management and compliance report aligned to MSC strategic plan developed
• Develops and maintains processes & systems for corporate governance
• Interprets Company internal policies & procedures to ensure compliance.
• Performs periodic assessments and evaluations of the Company / Dept. / Client compliance

Key Accountabilities

i. Risk Management:

• Establishes Risk management policies and Guidelines for analysis/assessment/rating, for all Institutional Risks, and ensures the same is implemented.
• Identification, Analysis, measurement, prioritization and development of mitigation/control measures to manage all Key risks in the Institution.
• Retains accountability for managing risk key business processes including lending processes, grants, projects, and operations and identifies areas of potential loss and initiates action to minimize risk exposure.
• Conducts regular reviews of lending limits, lending caps and other risk management areas to ensure compliance;
• Establishes and identifies concentrations of risk and sensitivities to such risks by analysing Data in the MIS so as not to expose the institution to adverse changes or effects in the area in which risks are concentrated.
• Reviews and assesses the risks associated with new products and activities before implementation.
• Coordinate implementation of Board and Management directives on Risk and Compliance Management.

ii. Compliance:

• Working with zonal staff and heads of departments to ensure all Business activities follow sound business practices, legislation, regulations, by-laws, policies and procedures
• Develop appropriate compliance monitoring tools to ensure all Business Units adhere to sound business practices, legislation, regulations, by-laws, policies and procedures
• Ensures the application of sound business practices and compliance
• Business operational practices and risk management principles and ensure compliance through unannounced spot checks
• Help zones in on-the-spot fixing of any operational issues identified during field visits.
• Ensure internal controls are effectively working in all Zones and Head Office departments and recommend to management any improvements to the existing internal controls

Qualifications and experience:

• Honours degree in any of the following fields; Business Administration, Economics, Statistics or any other related discipline from a recognized university/institution.
• A Master’s degree in Economics, Commerce, Microfinance, Business Administration or professional certification such as CPA, CIMA or any other related field from a recognized university/institution are added advantage.
• Knowledge and experience in lending, credit and risk management including pre-loan eligibility requirements, client screening, collateral, product design, loan approval processes, repayment terms and incentives, delinquency and default management
• Experience in setting and implementation of operations, credit and risk management practices, procedures and guidelines
• Computer knowledge of advanced statistical skills, Credit Risk Modelling/ Analysis, Data Mining, and Financial knowledge.
• Knowledge of standard reports required for Credit Business Management, and experience in ensuring data integrity and timely delivery.
• Strong knowledge of the legal and regulatory framework.
• Proficiency in computer application and analysis is a must.
• Six (06) years of progressive working experience in the Risk and Compliance field with at least 4 years of related work experience at the middle management level in a busy commercial entity.

Competencies/Person Specifications:

• Excellent relationship management with good presentation and communication skills.
• Must be adaptable, innovative, and possess good analytical skills & sound judgment.
• Team player.
• Excellent oral and written communication skills.
• Customer-service oriented.
• Strong interpersonal and relationship-building skills.
• Ability to sell ideas and motivate staff

• Establishes Risk management policies and Guidelines for analysis/assessment/rating, for all Institutional Risks, and ensures the same is implemented.
• Identification, Analysis, measurement, prioritization and development of mitigation/control measures to manage all Key risks in the Institution.
• Retains accountability for managing risk key business processes including lending processes, grants, projects, and operations and identifies areas of potential loss and initiates action to minimize risk exposure.
• Conducts regular reviews of lending limits, lending caps and other risk management areas to ensure compliance;
• Establishes and identifies concentrations of risk and sensitivities to such risks by analysing Data in the MIS so as not to expose the institution to adverse changes or effects in the area in which risks are concentrated.
• Reviews and assesses the risks associated with new products and activities before implementation.
• Coordinate implementation of Board and Management directives on Risk and Compliance Management.
• Working with zonal staff and heads of departments to ensure all Business activities follow sound business practices, legislation, regulations, by-laws, policies and procedures
• Develop appropriate compliance monitoring tools to ensure all Business Units adhere to sound business practices, legislation, regulations, by-laws, policies and procedures
• Ensures the application of sound business practices and compliance
• Business operational practices and risk management principles and ensure compliance through unannounced spot checks
• Help zones in on-the-spot fixing of any operational issues identified during field visits.
• Ensure internal controls are effectively working in all Zones and Head Office departments and recommend to management any improvements to the existing internal controls

• Excellent relationship management
• Good presentation skills
• Good communication skills
• Adaptability
• Innovation
• Analytical skills
• Sound judgment
• Team player
• Excellent oral and written communication skills
• Customer-service oriented
• Strong interpersonal skills
• Relationship-building skills
• Ability to sell ideas
• Ability to motivate staff
• Advanced statistical skills
• Credit Risk Modelling/ Analysis
• Data Mining
• Financial knowledge
• Knowledge of standard reports required for Credit Business Management
• Ensuring data integrity and timely delivery
• Strong knowledge of the legal and regulatory framework
• Proficiency in computer application and analysis

• Honours degree in Business Administration, Economics, Statistics or any other related discipline from a recognized university/institution.
• A Master’s degree in Economics, Commerce, Microfinance, Business Administration or professional certification such as CPA, CIMA or any other related field from a recognized university/institution are added advantage.
• Knowledge and experience in lending, credit and risk management including pre-loan eligibility requirements, client screening, collateral, product design, loan approval processes, repayment terms and incentives, delinquency and default management
• Experience in setting and implementation of operations, credit and risk management practices, procedures and guidelines
• Computer knowledge of advanced statistical skills, Credit Risk Modelling/ Analysis, Data Mining, and Financial knowledge.
• Knowledge of standard reports required for Credit Business Management, and experience in ensuring data integrity and timely delivery.
• Strong knowledge of the legal and regulatory framework.
• Proficiency in computer application and analysis is a must.