Head of Risk and Compliance (Re-Advertised) – Hofokam Ltd

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Job Title:   Head of Risk and Compliance (Re-Advertised)

Organisation: Hofokam Ltd

Duty Station:  Fort Portal, Uganda

Reports to: Executive Director

 

About US:

Hofokam Ltd is one of the largest Micro Finance Institutions operating in western Uganda with its Head Office based at Fort Portal. Its Vision is “to be the preferred partner of Microfinance households in Uganda”. Its mission is, “to provide satisfactory microfinance services to households in Western Uganda to enable them realize their socio-economic goals.”

 

Job Summary:  The Head of Risk and Compliance is primarily responsible for the implementation and enhancement of the risk and compliance framework within the organization. You will ensure that Hofokam is compliant with legislation, regulation as well as internal policies and procedures; and ethical standards. The Head of Risk and Compliance is responsible for thought leadership in all aspects of risk including the embedding of risk culture, training/awareness at all levels within the institution.

 

Key Duties and Responsibilities:

  • Risk Governance; ensure that Hofokam’s approved written risk management policy and risk appetite statement is consistent with the Institution’s business strategies, capital strength and management expertise.
  • Identification and Measurement of Risks; responsible for all the following risk areas within the institution: Capital; Financial Reporting; Liquidity; Market Risk; Credit; Legal and regulation; Operational; People; Reputational; Strategic and Mission.
  • Mitigation of Risks; work with the Heads of Department in the institution to identify controls to reduce the likelihood of a risk occurring. This work will form a subset of controls against which Internal Audit and Internal Compliance teams can test compliance.
  • Monitoring of Risks; responsible for keeping abreast with activities within the institution and the country that may impact the ability of the Institution to operate successfully.
  • Escalation of Risks; If the risk indicators are outside established limits, or there is a breach of controls, the HRC, should discuss the specific issues with the Heads of the Department responsible before escalating to management, internal audit and the Board.
  • Risk Assessments; perform periodic audits on company procedures and processes, analyze metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover policy violations, collect and analyze documentation, statistics, reports, and market trends. Analyze internal business Systems to ensure compliance with established policies and procedures, Industry regulations and ethical standards.
  • Organization Policies; establish policies and procedures to address risks in the organization’s services and departments. Review and assess risk management policies and procedures; make recommendations and implement modifications and improvements.
  • Reporting and Communication; Prepare and present to Management and the Board compliance reports useful in taking key business decisions. Draft and present Risk reports and proposals to improve the Risk Management in the institution.
  • Risk Management Solutions; Recommend and implement solutions such as insurance, safety and security policies, Business Continuity Plans, or recovery measures and ensures that they are formally approved by the Board of Directors. Report on all events on system failures and other emergency issues.
  • Training; Design and conduct training programs for cross-functional teams in Risk Management and Compliance and ensure that all the employees are thoroughly updated about the organization’s policies, regulations and processes.
  • Perform any other relevant duties as may be assigned to him/her by the Supervisor that falls in the line with his/her area of jurisdiction.


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Qualifications, Skills and Experience:

  • The applicant must hold a Bachelor’s degree in a business-related field from a reputable University.
  • Masters Degree in a business-related field is an added Advantage.
  • Minimum of 5+ years’ experience in a Risk Management or Audit in evaluating business operations in risk management, preferably from the microfinance, banking or financial services industry

 

Key Competencies

  • Thorough understanding of policies and best practices of Risk and Compliance Management
  • Relevant legal and regulatory knowledge of the Microfinance sector, Company’s Act, Financial and Accounting best practices, Taxation and Employment laws.
  • Excellent oral and written communication skills; with skills related to the preparation and submission of regulatory, statutory and Risk/Compliance reports.
  • Excellent organizational skills and attention to detail.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Strong analytical and problem-solving skills.
  • Strong supervisory and leadership skills.
  • Proficient with Microsoft Office Suite or related software to prepare reports and policies.
  • Age: 30 – 45 years

 

How to Apply:

If you think you meet the above criteria, please send your application with certified copies of academic and professional certificates, a CV, postal address, day time telephone contact, names and details of at least three (3) referees. Apply through the email address: hr@hofokam.co.ug to the Head of Human Resources. Attachments MUST be in one PDF document and not exceeding 5MBs in size.

 

NB: If you do not hear from us by end of July 2023, consider your application unsuccessful.

 

Deadline: 30th June 2023

 

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