Risk & Compliance Officer

The Risk and Compliance Officer is responsible for strengthening business processes according to Corporate Governance and regulatory requirements including those of anti-money laundering, corporate governance, data protection, finance, anti-corruption and anti-bribery etc. decreasing business risk.

Key Responsibilities:

Compliance;

• Propose and manage internal policies to ensure compliance with local regulations and group policies.
• Implementation of group policies.
• Follow up and monitor compliance with the regulatory framework to ensure that the risks are managed by the relevant functions.
• Provide assurance that necessary licenses needed to operate the business are in place and ensure any change thereof is effected in line with the regulatory requirements.
• Report to the MD and the chairman of the Board any reviews, investigations, request for information or any other request that may arise from any supervisory authority.
• Ensure training is conducted to employees as per regulatory requirements.
• Drive compliance with internal processes.

Risk Management;

• Formulate, review and implement the risk framework in line with Group and regulatory requirements.
• Identify, measure, evaluate, monitor, report, control and mitigate the risks to which SFZ is exposed in a relevant way.
• Facilitate the review of key risk indicators in line with the risk framework.
• Monitor breaches of risk appetites and thresholds and report all breaches as incident and follow up on response plans.
• Coordinate preparation of mandatory risk assessments as required by the internal rules and external regulations.

Audit;

• Point of contact between group internal audit and external auditors.
• Provide support to remediate the findings by external auditors.
• Participate in internal controls testing as required by the regional ICS function and ensure findings in R&C space are addressed timeously.
• Act as a link between ICS Function in Head Office and the Business Unit.

Reporting;

• Annual returns and AFS submissions to the Company Registrars.
• Support with information updates on the Company Registrar Portals.
• Submit AML related reports to the regulators.
• Assess and report data protection breaches to the regulators, Management and Board.
• Maintain the internal AML Reports.
• Facilitate and chair risk and compliance committee meetings.
• Board Reporting.
• Data Protection Reporting to the Regulators.

Internal Designations;

• Money Laundering Reporting Officer or equivalent in the respective markets.
• Data Protection Officer or equivalent in the respective markets.

Improvement work according to the organization’s way;

• Understand and act according to the organization’s frame work.
• Maintain the normal situation, detect deviations and act immediately to eliminate them.
• Contribute in daily follow-up, daily steering.
• Participate and contribute in improvement activities based on a standardized working method.
• Perform any other related duties within the ambit of the organization if so instructed by management.

 

Requirements:

• University degree in Law, Auditing or Business Management
• Minimum of 5 years of work experience in Compliance
• Regulatory knowledge or background in East Africa
• Financial Institutions regulatory knowledge in African markets would be an advantage
• Comprehensive leasing and financing business knowledge
• Understanding of BOT Regulatory Framework would be an advantage
• Language – English & Swahili