Job Summary

To build and enforce a strong compliance culture across functions and microfinance business.

  • Minimum Qualification: Bachelor
  • Experience Level: Mid level
  • Experience Length: 3 years

Job Description

 The  Risk and Compliance Officer will build and enforce a strong compliance culture across functions and microfinance businesses through proactive identification, measurement, monitoring and control of compliance risk, training and support of bank staff on compliance risk, defining the institution's compliance risk appetite, advising on compliance, money laundering and terrorism financing matters.

Key Duties and Responsibilities: 

To effectively support the management of compliance risk, design and integrate a strong compliance risk management programme into the daily management of business and planning to give the Bank a competitive advantage, protect our reputation, lower the cost of capital, reduce costs and help us to minimize the risk of investigation, prosecution and penalties because we do the right things the right way.

To help establish and implement effective compliance risk management and control systems, including developing internal controls, policies and procedures designed to ensure that all compliance needs are met and minimize regulatory fines and operational losses.

Support the development of written standards, policies, processes, and identify, assess, evaluate and mitigate the Compliance risks associated with the current and proposed business activities, including new products, new services and channels, new business relationships and any extension of microfinance operations or network to influence a culture of compliance throughout the organization to proactively manage and mitigate the risk of non-compliance.

Advise and update the staff and Senior management on compliance matters. (e.g. on the applicable laws, regulations, rules and standards) and proactively inform them about any developments, trends and best practices in these areas, assess the potential impact of these changes on the Bank’s organizational processes and design plans to effectively implement, embed the new changes and developments in the institution.

Design compliance training plans for the entire microfinance and further deliver training to the senior management and business heads on regulatory matters, compliance policies and procedures, current industry practices, and risk and control standards to promote a strong compliance awareness among the senior management staff.

Develop and maintain department policies and procedures in line with the regulatory framework to support governance monitoring processes and assist in the review, and enhancement of operational and/or compliance risk management policies and procedure standards.

Report to executive management and the Board of Directors on a regular basis about compliance issues, identified compliance risks and the measures (to be) taken and escalate to executive management and if necessary to the Board when management does not take account of the advice of compliance considering the risks involved.

Qualification and Experience

The applicant for the Risk and  Compliance Officer job placement must hold a Bachelor’s in Business or Bachelors of Law

Post-graduate education in risk management for Banking.

At least 4  years of banking experience with 3 years of compliance risk  experience.

Ability to effectively interpret regulatory statutes /rules and guidelines.

sound understanding of compliance laws, rules and standards obligations, legislation and their practical impact on dfcu Bank’s operations.

Effective research, good communication and negotiation skills.

Self-motivation, result – oriented.

In depth knowledge of banking products, policies and processes.

Demonstrated Knowledge of Corporate Law, Corporate Governance and Laws /Regulations governing financial Institutions (Local and International).

Sound understanding of legal issues and good exposure to auditing principles.

Persuasion, decision making & Investigative (added advantage) skills.

Excellent oral, written and interpersonal skills.

Good understanding of risks related to businesses and the financial industry.

Sound understanding of compliance and operational risks and internal control frameworks; experience working on initiatives that require strategic planning/thinking.

Excellent problem-solving abilities and results oriented; able to make decisions independently.

Experience working/managing projects across multiple functional areas and dealing with multiple business partners.

Excellent organizational skills and meticulous attention to detail; s analytical/research skills coupled with ability to effectively summarize findings.

Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint and working Knowledge of core banking applications.

How to Apply:
All candidates interested in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to: and use the job title as the subject.

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