Compliance Officer at Business Development Fund(BDF Ltd): (Deadline 8 August 2024)

Job Title:

Compliance Officer

Reports to

• Director of Risk and Compliance

Grade:

BD 5

Department:

N/A

Direct Reports

•  N/A

Section:

Compliance

Unit:

Risk and Compliance

Job Purpose:

To manage and ensure that BDF employees and the company follow all industry guideline.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Take the lead on the implementation of the cascaded strategy for the compliance department as well as the development of annual workplan.
•  Assist in the overall design and implementation of the compliance program for BDF.
•  Assist in the development of compliance policies and procedures.
•  Conduct environmental audits adhering to environmental standards.
•  Perform periodic compliance testing/surveillance and ensure successful and timely completion of the compliance program.
•  Check for, investigate, and resolve any potential unethical or illegal behaviour.
•  Create and coordinate proper reporting channels for compliance issues.
•  Monitor the compliance of existing policies, procedures, and practices in accordance with the BDF rules and regulations.
•  Provide advice and guidance to management and staff regarding new or emerging global compliance issues and market trends.
•  Stay abreast of regulatory and legal developments, interpret, and apply them across the various departments of BDF.
•  Develop and implement periodic training for all departments to ensure staff awareness of potential and existing compliance matters and market trends applicable to BDF for example Anti-Money Laundering, Anti-Bribery and Fraud, Sanctions Regime and Code of Ethics.
•  Provide timely response to BDF stakeholders on compliance matters related to BDF’s legal and regulatory framework.
•  Undertake research work in the compliance matters related to BDF’s legal and regulatory framework and new development.
•  Collaborate with Internal Audit function on their recommendation on compliance related issues for implementation.
•  Conduct regular review of BDF’s corporate compliance with existing policies, procedures and practices and propose amendments to Management.

Decision Making/ Job Influence

The role makes decisions on an individual level on implementation and carrying out of work packages and is personally accountable for those decisions.

Working Conditions

The role is responsible for making decisions for the unit/ team in terms of planning and allocation of duties, allocation of resources, and timelines.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Bachelor’s degree in any of the following fields: Law, Finance, Business Administration or any other relevant qualification.
•  Master’s degree in any of the following fields:Law, Business Administration or any other relevant qualification is an added advantage

Professional Qualifications / Membership to professional bodies

•  Membership to a proffessional body such as International Compliance Association (ICA) or Certified Public Accountants of Rwanda is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served in a subordinate role for a minimum period of 3 year(s).
•  The role requires at least 5 years of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Strong knowledge of the legal and regulatory framework applicable to microfinance and development institutions
•  Excellent oral, interpersonal, and writing skills
•  High ethical standards, strong critical thinking, and problem-solving skills
•  Possess a versatile multi-disciplinary skill set
•  Business oriented mind-set and analytical skills
•  Ability to work under pressure and meet urgent deadlines

•  Leadership skills
•  Communication skills and Interpersonal relations
•  Ability to ensure businesses follow all regulations.
•  Interpersonal relations
•  Strong personality
•  Confidentiality
•  Emotional intelligence
•  Assertive