Job Title: Risk & Compliance Officer
Organisation: ENCOT Microfinance Limited (ENCOT)
Duty Station: Kampala, Uganda
About US:
Serving over 20,000 clients in 12 districts of the Mid-Western and Central region(s) of Uganda,
ENCOT Microfinance Limited (ENCOT) is a social impact, fast growing and innovative MFI operating a network of SIX branches in Hoima, Masindi, Kigumba, Kagadi, Nakasongola and Kawempe. ENCOT’s mission is to provide microfinance services to low-income smallholder farmer communities, most especially women, to allow them curve their own paths out of poverty through creation of own jobs.
Job Summary: The role is responsible for ensuring that ENCOT conducts its business processes in compliance with laws and regulations, professional standards, and accepted business practices. The Risk and Compliance Officer has a responsibility for upholding the ethical integrity of the organization and ensuring that business activities are conducted using a regulatory framework. He should advise Management on possible risks and how to mitigate them through performing regular audits and executing them under design control systems.
Key Duties and Responsibilities:
- Develop, maintain and implement strategies and annual plans for risk and compliance management and related activities
- Maintain and review policies, procedures, business continuity plans and annual plans for Compliance
- Oversee and monitor the implementation of the risk and compliance frameworks throughout the ENCOT including risk and compliance assessments, control environment evaluations and action plans.
- Report on Risk and Compliance to senior management, Audit and Risk Committees and as required, external stakeholders.
- Ensure Risk and Compliance Assessments are undertaken including analysis and reports on developments, exposures, control, breaches and related action plans across ENCOT.
- Identify and communicate as necessary industry developments and changes in best practice for risk and compliance management.
- Provide guidance, advice, and/ or training and educational programs, to embed business understanding of risk management, related laws, regulatory, contractual and policy requirements to staff and key stakeholders, as required
- Liaise with senior managers in particular to ensure they understand their roles and obligations within their jurisdictions and commit with timelines for reporting.
- Provide additional appropriate support to other departments. Management and supervision of members of the risk and compliance team.
- Any other duties assigned.
Qualifications, Skills and Experience:
- Bachelor’s degree in Business Studies, Accounting, Finance or related field or equivalent work experience; MBA or Advanced education preferred. With a minimum of 4 years’ experience.
- Strong background and prior experience in risk and compliance management cycle.
- Demonstrated knowledge and skills in people management including the ability to lead and motivate others.
- Vast knowledge and understanding of the Microfinance industry, contemporary microfinance product(s) structure and loan management systems in a rapidly growing microfinance business.
- Strong training and mentoring skills.
- Excellent organizational and planning skills.
- Good interpersonal and both written and verbal communication skills
- Experience in donor and partner relations
- Personal qualities of integrity, credibility, and commitment to ENCOT’s mission and vision.
- Flexible and able to multitask; work within an ambiguous, fast-moving environment while driving toward clarity and solutions; demonstrated resourcefulness in setting priorities and guiding investment in people and systems.
- Proficiency in MS Office suite, good understanding of IT and its role in modern management as well delivery of services to target customers.
- Able to travel as required.
How to Apply:
All suitably qualified candidates should address applications as below and submit in PDF or MS Word (Cover letter and CV only) by email to [email protected]
Deadline: 24th December 2021 by 5:00pm
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