Vacancy title:
Chief Risk and Compliance Officer
Jobs at:
Financial InstitutionDeadline of this Job:
Wednesday, September 18 2024
Summary
Date Posted: Wednesday, September 04 2024, Base Salary: Not Disclosed
JOB DETAILS:
Job Purpose
To enhance the overall state of risk and compliance standards in the Company. The role aims to provide assurance to senior management on compliance to the established risk management framework and governance controls.
Key Responsibilities
• Formulates the departmental budget and monitors it
• Designs, reviews, and implements the risk management framework and governance procedures.
• Ensures on-going dialogue with stakeholders internally within the team to identify potential risks to ensure the identification, assessment, and development of mitigation plans for key risks.
• Identifies good business practices and ensures these are shared with management for implementation.
• Reports on Risk Findings to responsible Executives to ensure the development of appropriate solutions to close the risk identified, monitors implementation of agreed actions, and prepares a summary of key findings as well as resolution status to the Finance and Audit Committee.
• Consolidates information for reporting to the board on a quarterly basis.
• Develops and maintains procedures to ensure compliance with risk management standards, documentation standards, reporting, review, and other technical standards for the department as a means of quality control.
• Develops and maintains monitoring and evaluation measuring framework on risk management.
• Ensure teamwork with other departments to deliver timely and informative reports.
• Adheres to International Standards for the Professional Practice of risk management best practices.
• Keeps abreast of local and international trends and identifies new and emerging risks in the business.
• Develops the overall Risk and Compliance strategy and monitors its implementation.
• Identifies, analyses, and effectively develops mitigation strategies for identified risks.
• Ensures that developed risk mitigation strategies are implemented.
• Evaluates the effectiveness of risk management programs and recommending changes as necessary.
• Trains staff in Risk Management and development of Risk Registers.
• Reviews and updates project Risk Registers.
• Prepares investigation plans.
• Conducts investigations and obtains sufficient, reliable, relevant, verifiable, representative, and actionable evidence.
• Precisely and competently writes investigation reports which addresses all necessary terms of reference.
Minimum Qualifications And Experience
• Grade 12 Certificate.
• Degree in Law or Auditing, Accounting, Business Studies, Risk Management, ACCA, CIMA, ZICA
• Member to the relevant regulatory institute
• The candidate should have more than 5 years traceable experience.
Skills
• Performance Management
• Leadership & People Management
• Critical and Innovative Thinking
• Excellent Communication
• Planning
• Change Management
• Interpersonal
• Innovative
Work Hours: 8
Experience in Months: 60
Level of Education: Bachelor Degree
Job application procedure
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