Summary
Date Posted: Monday, July 15 2024, Base Salary: Not Disclosed

JOB DETAILS:
Umutanguha Finance Company (UFC) Plc, a microfinance institution operating in Rwanda headquartered in Kigali, Opposite Nyamirambo Stadium, House # 177, KN2 Avenue, P.O Box 2998 Kigali, Tel 0788387730, email: info@ufinance.co.rw  wishes to internally recruit focused, results-oriented and suitably qualified professionals to fill the following position:
Position : Risk and Compliance Officer
One (1) Vacant Post at UFC Plc Head Office
Location : Rwanda
Job category : E-3
Type of recruitment : External,

MAIN RESPONSIBILITIES
• Conduct comprehensive risk and control assessments across all departments, except the Audit Department, to identify potential risks and existing controls.
• Enhance internal controls by providing recommendations based on identified risks.
• Follow up on the implementation of internal controls to ensure effectiveness in mitigating identified risks.
• Conduct risk assessments for every new product before launch to identify and mitigate potential risks associated with the product.
• Assist developing / Updating branch compliance risk assessment toolkit
• Perform quarterly review of top 30 NPL (Nonperforming loans) accounts and trace the reason of customer default and advise & agree on mitigation measures with risk owners and reported the same to the Line Manager.
• Conduct compliance risk assessment in all branch and head office to ensure business complies with the internal policy as well as regulatory requirement. And agree with risk owners who are in breach on mitigation measures and report the same to the Line Manager.
• Execute key tasks related to AML compliance, including daily transaction monitoring for red flags and ensuring compliance with AML regulations.
• Monitor AML systems, technology, and screening tools for effectiveness.
• Conduct due diligence reviews and report results of reviews of AML risk assessments and monitor remedial proceedings.
• Organizing and arranging training for the staff on anti-money laundering and combatting terrorist financing activities.
• Assist compliance manager to develop/ review Policies relating to AML/CFT and oversee the implementation of those policies approved by the Management and board
• Ensure adherence to KYC regulations and standards in customer onboarding processes.
• Identify legal, regulatory, contractual requirements and changes to establish policy gaps and ensure full compliance.
• Encourage and facilitate the updating of policies and procedures with directors of each department to align with regulatory requirements and industry best practices.
• Submit the summary of Key non-compliance with management comments and timeline to close on the gaps within one week from the date of submission final report
• Daily report of CTR and STRs to the FIC
• Collaborate with relevant departments and stakeholders to ensure effective risk management and compliance measures.
• Any other related duties assigned by the supervisor

Qualifications, Skills and Experience:
• The candidate should hold a Bachelor's degree in Finance, Business Administration, Law, or related field;
• A relevant professional certification (e.g. ACCA, CPA, CAMS, CRCM) or related field is preferred.
• At least two-years relevant experience in Bank or Financial Institutions in Compliance services, Risk Management or 4 Years in Operations services;
• Good financial analysis
• Interpersonal skills
• Time management
• The candidate must have working knowledge in both English and French
• The candidate must be computer literate (Word, Excel)

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure

Please submit your:
• Application letter
• Curriculum vitae
• Studies documents (copies of Certificates, academic transcripts, degree, etc)
• Training and experience documents
• A list of three references and their contacts
Electronically to: ufc.recruitment@ufinance.co.rw  (Please mention the position you are applying for in the email subject).

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