Risk & Compliance Manager at Nyasa Capital Finance

The overall purpose of this position will be to ensure that Risk and Compliance policies are implemented at Nyasa Capital Finance, andimplementing Risk and Compliance awareness, assessment, andreporting responsibilities within the company. The role will further develop, maintain, monitor and oversee the processes for managingcompliance risks and ensuring a co-ordinated and structured approach to the effective management of these risks. He/she takes full responsibility for the overall risk management and compliance issues of Nyasa Capital Finance Ltd with the primary responsibility ofunderstanding and appropriately managing risks taken by the institution.

MINIMUM QUALIFICATION AND EXPERIENCE:

• A business-related degree preferably B. Com, Law or Economics.
• ACAMS (Association of Certified Anti-Money Laundering Specialists) -Desirable
• At least 5 years’ experience in a Risk and Compliance function in a supervisory to managerial level.

KNOWLEDGE AND SKILLS:

• Experience in microfinance operations/banking/risk and compliance in a supervisory to managerial capacity.
• In-depth knowledge of Reserve Bank of Malawi regulatory directives for microfinance institutions and relevant laws.
• Highly credible with unquestionable integrity.
• Skill in collecting and analysing data, evaluating information and systems and drawing logical conclusions.
• Computer skills, including word processing, spreadsheet, systems documentation to prepare work papers, reports, memos, summaries and analyses.
• Ability to establish and maintain harmonious working relationships with customers, co-workers, and other stakeholders and work effectively in a professional team environment.

KEY RESPONSIBILITIES AND ACCOUNTABILITIES:

• Develops, and ensures the implementation and monitoring of the Anti-Money Laundering
• Compliance program, takes appropriate action to address breaches and submits the Anti-Money Laundering Report to management and Board for review.
• Identifies and evaluates risks and develops risk mitigation recommendations for submission to the office of the Chief Finance Officer, and the Board Risk Committee.
• Updates and monitors the risk management framework and reviews the relevant Policies and Procedures for risk and compliance Prepares reports on emerging risk, trends and developments and submits to the CEO and Board periodically
• Monitors developments in the regulatory environment and proactively adapts risk management processes and procedures.
• Submits a monthly Compliance report to CEO and quarterly board reports, inclusive of findings and recommendations.
• Monitors the closure and implementation of Key open internal audit, risk and regulatory matters for Nyasa Capital Finance and periodically reports these to the management and the Board.
• Responsible for the execution of the annual self-risk assessment reviews.
• Is responsible for the overall and on-going communication with the Risk Management Committee and the board of Nyasa Capital Finance Ltd.
• Communicates the results of self-risk assessment reviews, analysis, trends and any relevant information via written reports and/or oral presentations on a timely basis, according to planned reporting schedule or as required/necessary to the board Risk Management committee.
• Act as a Liaison Officer between Nyasa Capital Finance Ltd and FIA on AML/CFT matters.
• Produce reports as required weekly, monthly, quarterly and annually in line with the needs of the business and the regulator.
• Investigate matters reported to Risk and Compliance Department in consultation with the CEO and the Board.
• Ensure that records and documentation on AML/CFT are kept in good order and in a secured place.
• Produce training materials and provide training on Risk and Compliance to all staff and directors of Nyasa Capital Finance Ltd Ensure that policies, procedures and manuals are up to date in line with the provisions of the law through periodic updates.
• Develop and oversee systems for reviewing, monitoring, reporting and handling violations and resolving non-compliance to laws and regulations or supervisor requirements.
• Perform any other duties as assigned by the Board Risk Committee.

Closing date for receiving applications is Monday, 21 October, 2024.

Only short-listed candidates will be acknowledged.

Method Of Application

Applications should be sent via email only.

Send your applications to [email protected]