Risk and Compliance Manager at BRAC: (Deadline 7 September 2023)

Risk and Compliance Manager at BRAC: (Deadline 7 September 2023)

JOB OPPORTUNITY

BRAC is the world’s largest, and leading development organization dedicated to poverty alleviation and empowerment of the poor. Initiated in Bangladesh in 1972, BRAC now operates in 11 countries across Asia, and Africa. To counter poverty and promote social empowerment, BRAC strategically integrates development programs in microfinance, agriculture, health, education, human rights and legal aid, community empowerment, and more.

BRAC Rwanda Microfinance Company PLC is registered with Rwanda Development Board in September 2018 and was approved license from National Bank of Rwanda to operate Microfinance and other financial services in Rwanda. BRAC Rwanda is looking for competent, dynamic, and self-motivated Rwandans to fill the following regular position.

Position: Risk and Compliance Manager

Job Location: Kigali.

Salary: Negotiable

Reporting to: CEO

Purpose

The purpose of the position is to ensure risk management procedures and assessments are carried out in required manner, internal audit queries are responded to on time, ensure compliance on operational procedures, financial and compliance matters.

Major Duties and Responsibilities:

1. Ensure effective implementation of the enterprises risk management policy as part of organization-wide risk management framework.
2. Conducting training to country and field staff to ensure awareness of the policy.
3. Coordinating all risk related processes from field level to country level.
4. Report to management on significant risk exposures on a monthly basis (fraud issues, cash shortages and related irregularities).
5. Ensure effective implementation of designed internal controls in place including performing testing of designed mitigating controls as directed by board or Management Team (MT).
6. Providing updates on the implementation of recommendations in different internal audit reports on monthly basis.
7. Updating risk register regularly as directed by the Management Team or board.
8. Prepare quarterly updates on compliance, tax and financial exposures and report the same to Management and Head Office.
9. Develop the organization’s compliance framework and ensure that it is consistent with the governing laws, Code of Ethics and professional conduct.
10. Liaise with relevant external stakeholders and participate in industry compliance forums to ensure alignment of BRAC’s compliance methodology.
11. Conduct compliance checks to assess the appropriateness of internal policies, procedures, processes and guidelines in relation to the governing laws, corporate governance and code of ethics, competition and make appropriate recommendations
12. Submit compliance report to the Board Audit & Risk Committee and Risk Management Committee on a quarterly basis.
13. Submit monthly compliance reports to the Risk Management Committee highlighting the compliance status of BRAC and areas in need of improvement.
14. In conjunction with the Legal department, advice management on laws including Acts, Regulations and relevant case laws that require compliance and ensure compliance with all relevant and applicable regulatory requirements within the business unit.
15. Proactively identify, assess and document compliance risks associated with BRAC’s current and proposed future business activities, including new products.

Safeguarding Responsibilities:

• Ensure the safety of team members from any harm, abuse, neglect, harassment, and exploitation to achieve the programme’s goals on safeguarding implementation. Act as a key source of support, guidance and expertise on safeguarding for establishing a safe working environment.
• Practice, promote and endorse the issues of safeguarding policy among team members and ensure the implementation of safeguarding standards in every course of action.
• Follow the safeguarding reporting procedure in case any reportable incident takes place, and encourage others to do so.

Key performance indicators

• On time report delivery
• Ensure no repetitive audit queries from internal audit or external audit relating to controls
• Smooth operation from fields without any non-compliance
• Risk environments
• Percentage of staff trained in Compliance risk management
• Reduced numbers of non-compliance issues reported (both new and repeat issues
• Total number of non-compliance issues resolved.
• Improvement in the compliance risk profile ratings

Knowledge, Skills & Competencies:

• Teamwork spirit and motivational skills
• Good communication skills
• Analytical and soft skills
• Risk Management skills
• Audit skills
• People’s Management
• Good reporting and writing skills
• Language English and Swahili spoken and written
• Organization and planning skills Proactive and independent

Specific educational qualification

Experience (Including sector/industry):

Five years including three working in financial inclusion, product development, digital finance, microfinance/micro-lending, technology for development, payment platforms.

If you feel you are the right match for the above-mentioned positions, please follow the application instructions accordingly

Candidates need to send a signed Cover letter in PDF format indicating the title of the position applied for, updated CV mentioning educational and professional qualifications, years of experience, and notarized scan copies of academic qualifications. All those documents should be sent through email: recruitment.rwanda@brac.net. Application deadline is 7^th  September 2023.

Please note that only short-listed candidates will be called for written test and interview.