Risk and Compliance Manager Job at Urwego Bank PLC – Career Opportunity in Rwanda

Vacancy title:
Risk and Compliance Manager

[ Type: FULL TIME , Industry: Banking , Category: Management ]

Jobs at:

Urwego Bank PLC

Deadline of this Job:
14 December 2020  

Duty Station:
Within Rwanda , Kigali , East Africa

Summary
Date Posted: Wednesday, December 02, 2020 , Base Salary: Not Disclosed


JOB DETAILS:
Urwego Bank Plc is dedicated to provide financial services to the people of Rwanda. Motivated by Jesus Christ’s call to serve those in need. Its mission is to achieve economic spiritual transformation in the lives of underserved, using financial services, and tested training as we share Jesus Christ’s love. Urwego Bank wishes to recruit (1) qualified, competent, committed, and proactive Risk and Compliance Manager to support the Risk and Compliance Department of Urwego Bank Plc Head Office.

JOB SUMMARY
The Risk and Compliance Manager will be responsible for the implementation, execution and monitoring of the risk and compliance framework at Urwego Bank Plc. Specific risk areas include financial, information security, regulatory compliance and operational risk. S/he will manage the systems that identify, evaluate, mitigate and monitor operational and strategic risks, and co-ordinate with all departments within the bank by creating linkages between enterprise risk initiatives at both branch and Head Office levels. S/he will also oversee bank-wide compliance with policies and regulations .

RESPONSIBILITIES
Promote and fulfil Urwego Bank’s 3Ms as listed above while working within a Christ-centered environment that is mission-driven, community-oriented and results-driven. Spiritual Integration and Christian Witness
1. Ensure a personal, healthy spiritual balance within family, work, and church life through the adoption of biblical personal and spiritual disciplines; and
2. Conduct daily work, make decisions, and help Urwego Bank make decisions in a way that witnesses to the presence, power, and love of Jesus and the reality of his Kingdom on earth.

1. Risk Management
• Coordinate with Business and Department heads to design, plan and implement risk management process for the bank’s operations;
• Provide support on developing and implementing the Enterprise Risk Management Framework.
• Identify material individual, aggregate, and emerging risks that may affect the bank, assess these risks, and measure the Bank’s exposure to them;
• Design and carry out tests that support the risk assessment of the Bank, as well as identify, analyze, describe and estimate risks affecting the business;
• Identify control gaps and, in collaboration with relevant department, design policies and procedures to bridge the control gaps; and
• Assess product, compliance, or operational risks and develop risk management strategies.

2. Compliance
• Ensure the Bank operates with integrity and in compliance with applicable laws including anti money laundering and combatting financing terrorism law and regulations;
• Ensure that Risk Self-Assessment Tool (SAT) is updated to reflect current changes and risks are fully mitigated.
• Create SAT Checklist to prioritize risk categories to enable Compliance team to carry out “Show Me” approach to test controls functionality.
• Ensure effective monitoring of all Audit findings and Central Bank Off and On-Site Inspection recommendations including reports to appropriate authorities and implementation of recommendations within set timelines;
• Monitor control effectiveness in the business processes, comparing residual risks with target risks; design and implement risk reduction strategies
• Disseminate written policies and procedures related to compliance activities.
• File appropriate compliance reports with regulatory bodies.
• Evaluate testing procedures to meet the specifications of environmental monitoring programs.

3. Reporting
• Prepare monthly and quarterly reports on compliance activities.
• Prepare annual Compliance plan in order to ensure they are concise and informative, effectively communicate the findings and recommendations to the branch/department, business leadership and Director of Risk and Compliance;
• Assist in preparation of Risk and Compliance report for the Executive Team and Board Risk and Compliance Committee as a backup for the Director of Risk and Compliance;
• Communicate immediately all incidents to the Director of Risk and Compliance;

4. General Duties
• Assist in developing appropriate Risk Management methodology/procedures and tools;
• Create and sustain mutually beneficial relationships by ensuring business owners are not disappointed, and/or confused with high standard service;
• Willingness to take an extra mile for the benefit of others and participate in staff related social activities;
• Coordinate work, activities or departments, acting as the primary client liaison at the field, seeking advice where appropriate;
• Contributes positively to professional development and knowledge sharing in the department;
• Work closely with the entire Urwego team, backing up the Director of Risk and Compliance in absentia;
• All appropriate duties as may be assigned from time to time by Director of Risk and Compliance


Job Skills: Not Specified


QUALIFICATIONS
• Christ-centered character, passion to serve underserved communities of Rwanda;
• Sound understanding of risk management and compliance concepts, measures, and regulatory frameworks.
• Detailed knowledge of the three lines of defense model, and regulatory expectations of risk governance in a bank.
• At least 10 years’ experience working in a bank, control, supervisory or Risk and compliance role within a regulated financial institution. Prior experience 3 years in a leadership role and managing a team.
• Strong PowerPoint and Excel skills.
• Strong analytical skills, and the ability to write clear and incisive briefing materials for management and other stakeholders.
• Excellent written and spoken English, and the ability to communicate and challenge effectively at all levels.
• Strong interpersonal skills and an ability to influence and effect change, in a second line of defense role.
• Eagerness and ability to learn about unfamiliar risk management and compliance areas, and to apply new concepts and tools in your work
• Bachelor’s degree in relevant subjects like economics, finance/accounting or risk management and compliance preferred


Personal skills and abilities
• Ability to consolidate, prepare and submit reports and correspondence on time
• Ability to deliver business goals and own performance targets.
• Ability to work as part of a team to achieve departmental objectives
• Must be a quick thinker and able to work occasionally for extended hours
• Should be able to work with minimum supervision while delivering expected output.
• Your current performance trend over a period of one year in your present role will be a KEY factor in determining your suitability for the role.


Job Experience Requirements: Not Specified


Work Hours: 8

 

Job application procedure
Interested and eligible applicants should send the following documents to [email protected]   not later than 14th December 2020 5pm.
Applications should be addressed to HR Department
• Application letter explaining your suitability for the position,
• Curriculum vitae with 2 referee names,
• Degree Certificate, and additional certificates if any.
• Recommendation from your Church with a validity of not less than 6 Months
• Your personal signed statement of Faith.
• Copy of ID
Only selected candidates will be contacted for the test.
Thank you.
Urwego Bank PLC
Management


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