Senior Officer – Risk and Compliance Job Vacancy at PASS Trust

JOB  PROFILE

Job Title:          Senior Officer – Risk and Compliance (1)

Reports To:      Managing Director

Duty Station:  HQ– Dar es Salaam

Main Purpose of the Job (Job Summary)

Senior Officer -Risk and Compliance is responsible for carrying out tasks related to trust and its subsidiaries risk  management and ensure  compliance with policies and  procedures. Conduct  periodical  reviews  to  assess   compliance  with  the  Trust  and  its  subsidiary companies’ policies,  procedures and tolerance limits by all departments and  report  the same to the supervisor. The person  is also expected to work  closely with all areas of the business,  promoting a  positive  risk  and compliance  culture  and  to  have  effective  risk management and compliances with policies, procedures, various                regulations governing the operations of the Trust and Its subsidiaries

Main Responsibilities

• Facilitate and ensure that the PASS Trust and its subsidiaries’ risks are assessed,  and risk management stategres are developed.

• Conduct risk assessment for all new products being developed and regularly assess the PASS Trust and its subsidiaries’ existing products (at least every 2 years)
• Ensure  risk    management    documents    (risk    management   framework,    risk management manual, risk registers, business  continuity plan and disaster recovery plan) are developed, updated and kept current all the time.
• Identify compliance  issues  that  require   follow-up  or  investigation   and  discuss emerging compliance issues with management and employees.
• Develop  and    implement    improvements    in    communication,    monitoring    or enforcement of compliance standards.
• Advise  management  or  business   partners   on  implementation   or  operation   of compliance programs.
• Monitor the performance of credit guarantee portfolios from  partner banks,  Leasing products and other financial institutions.
• Recommend remedial/appropriate  actions  to be undertaken for deteriorating  credit guarantee portfolio identified with early warning signal during  monitoring the credit review process.
• Participate  in   credit  guarantee   policies   review,   procedures  and   updating   credit guarantee  manual preparation  relating to credit guarantee function.
• Provide employee  training  on  risk  and  compliance  related   topics,   policies   and procedures.
• Raise violations  of compliance or  regulatory  standards  to the  manager  of internal audit.
• Collaborate with  human  resources  unit to ensure  the implementation  of consistent disciplinary action  strategies  in cases of violation  of compliance requirements.
• Any other related  duties  assigned  by Supervisor  from time to time

Academic  Qualifications

• Holder of  a   bachelor’s degree   in   one   of  the  following   fields:   Business Administration,   Finance,   Accounting,    Banking,  Economics,   Commerce  or Business Administration, Actuarial Science, Actuarial Management, Risk Management, Statistics or equivalent qualifications from recognized institutions Professional qualifications in risk and compliance management e.g. certification in Risk Management (Certified Enterprise Risk Manager (CERM), CIA, CISA, CPA• T, ACCA) is desirable.

Experience & Skills

• Minimum  Four  (4)  years’  demonstrated   experience   in  risk  and  compliance management in the financial services  industry.
• Demonstrated knowledge of banking and SME operations or agricultural finance is an added advantage.
• Strong understanding of principles of  risk  and  compliance  management,   risk assessment techniques and regulatory requirements.
• Strong understanding  of credit sanctions,  their associated  risks  and  ability to suggest measures to counter party associated risks.
• Demonstrated knowledge  of risk management,  credit analysis techniques and credit underwriting with specialty in agriculture financing.
• Excellent written and verbal communication skills
• Strong analytical and critical thinking skills
• Strong organizational and planning skills
• Detail-oriented and thorough in conducting risk and compliance checks, ensuring accuracy and completeness of findings.
• Proficiency in Microsoft office applications specifically high knowledge in the use of excel in data  analytics.
• Ability to be discreet and apply  confidentiality.
• High ethical  standards,  integrity  and  a  commitment  to  upholding  professional standards of conduct.
• Proactive, flexible and adaptable, with the capacity to thrive in a dynamic and fast paced environment.