Head of Risk and Chief Compliance Officer at FINCA International

Job Decription

• We seek individuals with whom we can build strong and lasting relationships - people who care about, and have respect for, customers.
• We look for colleagues who approach their work with joy, innovation, energy, and a sense of service beyond self.

Role Purpose

• The principal purpose of the Head Risk & Chief Compliance Officer role is to establish, implement and enforce a robust Risk Management framework and systems (policies, processes, and tools) covering the ten key risks defined by FINCA's Global Risk management function.
• In addition, the Head Risk & Chief Compliance Officer supports Management in creating and maintaining a sound Risk and Internal Control environment within the agreed risk appetite determined by FINCA Nigeria's Management Board.
• The ideal candidate will assist Management in improving the overall performance and activities of FINCA Nigeria in making decisions on issues of risk identification, analysis, mitigation, and prevention.
• Working within the subsidiary's regulatory requirements and in coordination with FINCA Nigeria functional heads, the Head Risk & Chief Compliance Officer will manage and monitor control activities and recommend corrective actions to remediate identified control deficiencies.
• The ideal candidate will also develop work plans in coordination with Management aligned with FINCA Nigeria's strategic and operational objectives and any requirements of external governance bodies.

Accountabilities:

• Support business in developing appropriate Risk Management strategies or tools and disseminating proper 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.
• Conduct analysis of operations of FINCA Nigeria to identify risks and make recommendations for preventive actions. This includes the implementation of the Risk Control Self-Assessment (RCSA) program in the subsidiary.
• Monitor risks through relevant Key Risk Indicators (KRI) quantified, effectively measured, and thoroughly analysed to ensure the business functions satisfactorily within established risk appetites.
• The timely investigation, analysis, and reporting of compliance issues and fraud instances can negatively affect FINCA Nigeria's operations and reputation;
• Manage the 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 controls tools and instruments during implementation.
• Provide an independent view of proposed business plans and appropriate reporting on risks identified to Management.
• Manage regular evaluation process of all FINCA Nigeria's regulatory documentation to ensure completeness, accuracy, and efficiency.
• Supervise and monitor the Risk and Internal Control staff.
• Support the training and development of the FINCA Nigeria risk and Internal Controls staff, including fraud management responsibilities.
• Supporting the Board in its development of FINCA Nigeria's risk appetite and statements for translating the risk appetite into a risk limits structure.
• Conduct periodic branch reviews of the operational and credit processes per the FINCA Internal Controls Manual procedures.
• Preparation of monthly/quarterly risk management reports for the Subsidiary and Global Board reporting.

Requirements
Qualifications:

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

Experience:

• 7 years experience in risk, internal control, internal audit or accounting including 5 years on a managerial position in financial sector;
• Experience of working with regulatory bodies;
• Experience of drafting and developing policies.

Knowledge and Skills:

• Having a strong business acumen;
• Having good people management skills;
• Having good communication and presentation skills;
• Having excellent analytical skills.

Language Skills:

• Fluency in English is required.