Head Risk & Compliance at Mkobo Microfinance Bank Limited (Mkobobank)

Job Role

Purpose of the Position:

• The Head Risk & Compliance has overall responsibility for the Risk & Compliance function.
• The position is responsible for ensuring risk management, and compliance activities are closely aligned with global best practices in executing the duties across the Company’s business and financial operations.
• He/she works to ensure roles, responsibilities, and results are efficiently coordinated and optimised to ensure the effectiveness of risk management, and compliance matters.

Key Functions:

• You will maintain oversight over the Bank’s Enterprise Risk Management (ERM) activities
• Establish and company-wide risk management
• Responsible for implementing the bank’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors.
• You will be responsible for the development and implementation of policies and procedures that will reduce credit risk in the Bank.
• Ensuring that the bank’s risk identification and assessment is built on sound and reliable frameworks and systems.
• Work with the data science team to design and implement robust data driven credit risk processes and policies to support the scale up our credit businesses. While also leveraging customer data to build risk segmentation and mitigation strategies.
• Perform regular reviews and analysis of the non performing loans to identify common factors, and leverage the insights to modify the credit risk processes to prevent these factors, track the changes to ensure improved performance.
• You will work closely with the Technology team to drive automation of the necessary reports for effective monitoring of the credit portfolio and the credit risk
• Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risks
• Act as the champion of risk management for the Company and help improve Management team understanding of key risk identification, assessment, monitoring and reporting and mitigation.
• Provide support, education and training to all team members in order to drive risk awareness across the business
• Work with loan recovery team, in negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
• Monitor and manage the performance and development of direct reports.
• Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, change in clients, markets/industry, laws and regulations.

Compliance

• Develop, communicate and implement a systematic approach in managing risks and advising senior stakeholders on risk related matters arising from new business initiatives and/or changes in the regulatory requirements
• Implement BCM policy & programmes and coordinate company-wide BCM effort
• Establish and maintain Compliance Program to ensure the company's compliance to applicable laws, regulations and guidelines
• Implement effective monitoring systems to ensure regulatory compliance of the company
• Identify gaps and provide compliance training to management and internal staff to address any gaps that may affect the business operations
• Act as the key liaison with relevant regulatory authorities

The Mkobo Way (Company culture that we don’t negotiate with)

• We put our CUSTOMERS needs first - We only exist as a business because of our customers. So we focus on long term loyalty not profits. We put the Customers needs at the heart of everything we do.
• We have a CAN DO attitude - We’re making a positive, important change in the world. We can’t do this by staying in our comfort zones. No-one can do this alone. We need each other. We are all in this together
• We think and act like OWNERS - If you see a problem or opportunity, don't wait, OWN IT. We work on our own personal growth and We do the best for the company, not for specific individuals or teams.
• We live by KISS (Keep It Simple Stupid) - Unnecessary complexity gets in the way of purpose and should be avoided at all times. 
• We are OPEN to change - Innovation can only happen when we open our minds to change either personally or as a business. We can only change if we constantly seek feedback, not consensus.

Candidate Requirement

• BSc in Accounts, Finance, Economics or related subjects
• Minimum of 5 years in the financial services, with sufficient experience in risk management.
• Clearly demonstrate competency in Enterprise Risk Management, Credit Risk Management, regulatory and other statutory requirements, especially in areas of credit risk management.
• Awareness of emerging and innovative credit risk assessment such social scoring, alternative credit scoring and big data analytics tools.
• Excellent knowledge of various types of risks (credit, operational, market, liquidity, environment and social)
• Strong execution and operational skills, with ability to define and map processes and ensuring compliance
• Strong data analysis skills, the ability to study data and find correlations that can be used to improve data-driven decisions
• Ideally Microfinance Certification program (MCP) certified and professional Risk Management certification

Competencies:

• Experience developing policy and process documents
• Excellent presentation and communication skills
• Good team player with excellent leadership traits
• Planning and organisation skills
• High degree of professionalism, maturity and confidentiality
• Strong interpersonal and presentation skills.
• Strong analytical and problem-solving skills
• Innovative and strategic thinking
• Sound interpersonal and negotiation skills