Latest Jobs at Mkobo Microfinance Bank Limited (Mkobobank)

Description

• The Internal Audit and Verification Officer is responsible for conducting audits, verifying financial transactions, and ensuring compliance with regulatory standards within the microfinance bank; call over process, identifying discrepancies, assessing risks, and ensuring the integrity of financial reporting and operations

Responsibilities

• Ensure all audit and verification records are accurately documented and accessible for future reference or regulatory audits.
• Evaluate and test the effectiveness of internal controls over financial reporting, loan processing, cash handling, and other critical operations.
• Investigate any irregularities, fraudulent activities, or policy violations, documenting findings and recommending corrective actions.
• Identify and assess risks related to fraud, financial misstatements, and operational inefficiencies through detailed audits and transaction verifications.
• Monitor the bank’s compliance with financial regulations, including anti-money laundering (AML), Know Your Customer (KYC), and other applicable laws.
• Verify and validate daily, weekly, and monthly transactions, including loan disbursements, deposits, withdrawals, and other financial activities.
• Conduct regular internal audits of financial transactions, accounts, and operational activities to assess accuracy and compliance with policies and regulations.
• Oversee and verify the accuracy of all financial transactions and records through the "call over" process, ensuring transaction logs and records are cross-checked with the supporting documents

Requirements

• Bachelor's Degree in Accounting/Finance from a reputable University
• At least 2-3 years of experience in internal auditing, financial verification, or accounting, preferably in the banking or microfinance sector.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• Be a member of ICAN/ACCA/CIA as a minimum; CIBN, MCP certified
• Experience in a Microfinance bank setting in related role is an added advantage
• Solid knowledge of banking operations, microfinance regulations, and financial management

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Description

• The primary purpose of this position centers on ensuring the Bank’s risks are properly monitored and managed.The individual will also be responsible for the development and implementation of systems, policies and procedures aimed at mitigating identified risks, including devising strategies or programs in order to find appropriate balance in all forms of credit and operational risks while also ensuring regulatory compliance. The position covers the following areas; • Risk Management (credit and non-credit risk) • AML (Anti Money Laundering) • Enterprise Risk Management • Fraud Prevention and detection • Business Continuity • Compliance

Responsibilities

• Planning, designing implementing & managing the overall risk management process for the bank bydeveloping the risk management framework, policies, processes, procedures and reporting standards thatdefine the bank’s risk strategy and appetite in line with its overall business objectives
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process.
• 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
• Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines.
• Review and analyse the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure
• 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

Requirements

• BSc in Accounts, Finance, Economics or related subjects
• Post graduate degree and/or professional qualification added advantage
• Minimum of 5 years’ experience in a similar role
• Completion Microfinance Certification program (MCP)
• Minimum of five (5) years’ experience in a similar role at a MFB or Financial institution