Senior Manager Risk and Compliance at Agaciro Development fund: (Deadline 4 April 2025)

Senior Manager Risk and Compliance at Agaciro Development fund: (Deadline 4 April 2025)

Job Title           :    Senior Manager Risk and Compliance
Division/ Department :     Office of the CEO
Section/ Unit    :    Risk and Compliance
Location           :     Kigali
Reports to        :     Chief Executive Officer
Direct Reports :     Risk Analyst
Job Grade        :     Level three

Purpose of the job

The Senior Manager, Risk and Compliance is responsible for overseeing the risk management and compliance functions to ensure the Fund operates within regulatory frameworks and manages risks effectively. The position is also responsible for developing policies, procedures, and controls, conducting risk assessments, and monitoring compliance with relevant laws, regulations, and internal guidelines.

Main responsibilities 

•    Develop and implement a comprehensive risk management framework, including policies, procedures, and methodologies to identify, assess, and mitigate risks across the fund’s operations, investments, and activities.
•    Conduct risk assessments to identify and prioritize key risks facing the fund, including market risks, credit risks, operational risks, and compliance risks, and develop strategies to manage and mitigate these risks.
•    Monitor compliance with relevant laws, regulations, and internal policies governing sovereign wealth funds, financial institutions, and investment activities, and implement controls to address areas of non-compliance.
•    Stay abreast of changes in regulatory requirements and industry standards affecting sovereign wealth funds and investment management, and ensure the fund’s activities comply with applicable laws, regulations, and best practices.
•    Develop, review, and update risk management and compliance policies, procedures, and guidelines to reflect changes in the regulatory environment, industry trends, and organizational needs.
•    Provide training and awareness programs to staff members on risk management principles, compliance requirements, and best practices to promote a culture of risk awareness and compliance throughout the organization.
•    Establish and maintain robust internal controls to safeguard the fund’s assets, prevent fraud and misconduct, and ensure the integrity of financial reporting and operations.
•    Prepare and present risk and compliance reports to senior management, board of directors, and relevant committees, highlighting key risk exposures, compliance issues, and remediation efforts.
•    Serve as a point of contact for regulatory agencies, auditors, and other external stakeholders on risk management and compliance matters, ensuring timely and accurate responses to inquiries and requests for information.
•    Drive continuous improvement initiatives to enhance the effectiveness and efficiency of risk management and compliance processes, leveraging technology, data analytics, and best practices.

Required qualifications, knowledge, and experience

Academic and Professional Qualifications 
•    Bachelor’s degree in finance, accounting, business administration, or a related field.
•    Legal background or training is a bonus
•    Professional certification such as FRM, CRCM, CAMS)
Experience 
•    At least eight (8) years’ experience, three (3) of which should be in a management role.

Competencies

Technical Competencies 
•    In depth knowledge of risk management principles, methodologies, and frameworks
•    Thorough understanding of relevant laws, regulations, and best practices governing sovereign wealth funds, financial institutions, and investment management activities
•    Strong analytical and problem-solving skills, with the ability to analyze complex issues, assess risk exposures, and develop practical solutions.
•    Excellent written and verbal communication skills, with the ability to effectively communicate complex risk and compliance concepts to diverse audiences.
•    Demonstrated leadership and team management skills.
•    High level of integrity, ethics, and professionalism
•    Ability to thrive in a fast-paced and evolving regulatory environment, adapting to changes in laws, regulations, and industry standards.
•    Strong attention to detail and accuracy
•    Fluency in English (mandatory), Kinyarwanda (mandatory), French (preferred)

Behavioural Competencies 
•    Ability to work autonomously with a strong sense of accountability and ownership.
•    Strong organizational leadership and execution capabilities with demonstrated ability to align people behind organisational priorities.
•    Strategic and problem-solving mindset and strong achievement focus
•    High level of analytical and flexible thinking skills
•    Demonstrated problem solving, conflict management and decision-making capability.
•    Excellent communication and presentation skills, capable of conveying complex ideas and investment theses to both internal stakeholders and external partners.
•    High emotional intelligence and diplomatic sensitivity
•    Demonstrated ability to build strategic relationships and network.
•    Strong negotiation skills and demonstrated ability to influence.
•    Highly innovative and ability to challenge the status quo.
•    Ability to effectively manage resources.
•    Ability to coach, mentor and develop talent.

Key contacts
Internal 
•    Chief Executive Officer’s (CEO) office
•    Risk Management team
•    Government Relations and Partnerships team
•    Finance department.
•    Investments department
•    Risk department
•    Legal Unit
•    Information Technology Unit
•    Internal Audit

External 

•    Ministries
•    Development Finance Institutions (DFIs)
•    Co-investors
•    Development Partners

Application Process Interested candidates should submit their resume by Friday, 4th April 2025.

Sourcing Servtec is an equal opportunity employer. Only shortlisted applicants will be contacted, and any solicitation will result in disqualification 

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