Senior Risk and Compliance Officer (Level 4) job at The Microfinance Support Centre Limited (MSC)
About the Organization
The Microfinance Support Centre Uganda Limited (MSC) is a government-owned institution that provides affordable credit and business development services to its target clientele. MSC was established in 2001 with the mandate to extend micro-credit funds to Ugandans who are engaged in agriculture and other income-generating activities, especially the economically active poor.
MSC also offers capacity building and technical assistance to its clients, such as cooperatives, SACCOs, and groups, to help them manage their businesses effectively and sustainably. MSC has various products and services, such as agricultural loans, asset finance loans, micro-lease, group loans, and micro-grants.
MSC also manages government and partner development funds, such as the Presidential Initiative on Wealth and Job Creation (Emyooga), which aims to transform the livelihoods of Ugandans through supporting specialized enterprise categories. MSC's vision is to be the development microfinance institution transforming livelihoods of the economically active poor for attaining sustainable development.
Job Description
The Microfinance Support Centre Limited (MSC) was incorporated in 2001 as a company limited by guarantee, as part of GOU's effort to promote access to affordable financial services for increased employment and wealth. The company offers affordable finance through its network of 13 regional offices spread throughout the country as well as through its networks of over 160 Agency SACCOs. It gives priority financing to enterprises in the agricultural value chain namely: production, value addition and marketing. Besides credit, MSC provides capacity building to its clients including SACCOS, Groups and Cooperative Unions to enable them enhance their sustainably.
Following the process of corporate renewal that the Company is undertaking, MSC seeks to recruit suitably qualified and highly skilled persons with integrity, energy and a strong passion to create wealth and have a real impact on the lives of active poor Ugandans. MSC, therefore, wishes to fill the following vacant position(s) in its establishment
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Duties and Responsibilities
Risk Management
Developing risk management strategies: Creating and implementing comprehensive risk management frameworks and strategies.
Risk assessment: Identifying, assessing, and prioritizing risks that could impact the organization’s operations, reputation, and financial performance.
Risk mitigation:
Monitoring and reporting: Continuously monitoring risks and reporting on risk status to senior management and the board.
Compliance Management
Regulatory compliance: Ensuring the organization complies with all relevant laws, regulations, and standards.
Policy development: Developing, updating, and enforcing compliance policies and procedures.
Compliance audits: Conducting regular compliance audits and assessments to ensure adherence to regulatory requirements.
Reporting violations: Identifying and reporting any compliance violations and taking appropriate corrective actions.
Governance and Ethics
Establishing governance frameworks: Implementing governance frameworks to ensure ethical business practices and regulatory compliance.
Ethics training: Providing training to employees on compliance, ethics, and risk management policies.
Whistleblower programs: Managing whistleblower programs and ensuring that concerns are addressed appropriately.
Stakeholder Engagement
Liaising with regulators: Acting as the primary point of contact for regulatory bodies and ensuring timely communication and reporting.
Internal communication: Communicating risk and compliance issues to internal stakeholders, including senior management and the board.
Training and awareness: Conducting training sessions and awareness programs for employees on risk and compliance matters.
Incident Management
Incident response: Leading the response to compliance and risk incidents, including investigations and remediation efforts.
Crisis management: Developing and implementing crisis management plans to address major risk events.
Continuous Improvement
Evaluating effectiveness: Regularly evaluating the effectiveness of risk and compliance programs and making improvements as necessary.
Staying updated: Keeping abreast of changes in regulations, industry standards, and best practices in risk management and compliance.
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Qualification, Experiences and Competencies
Education and Experience
Educational background: Typically requires a Bachelor's or Master’s degree in Business Administration, Finance, Law, Risk Management, or a related field.
Experience: Extensive experience in risk management and compliance roles, usually 10-15 years, with significant experience at a senior management level.
Technical Skills
Risk management frameworks: Proficiency in risk management frameworks such as COSO, ISO 31000, or similar.
Compliance regulations: In-depth knowledge of relevant compliance regulations, such as GDPR, SOX, AML, or industry-specific standards.
Audit and assessment tools: Experience with audit and compliance assessment tools and methodologies.
Analytical and Communication Skills
Analytical skills: Strong ability to analyze complex regulatory requirements and risk scenarios.
Communication skills: Excellent written and verbal communication skills for preparing reports, policies, and training materials.
Interpersonal skills: Strong ability to engage with diverse teams and stakeholders effectively.
Leadership and Project Management Skills
Leadership: Proven leadership and team management skills, with the ability to lead cross-functional teams.
Project management: Experience in managing large-scale risk and compliance projects, including planning, execution, and monitoring.
Personal Attributes
Attention to detail: High level of accuracy and attention to detail in managing compliance and risk activities.
Problem-solving skills: Ability to identify issues and develop practical solutions.
Ethical mindset: Strong commitment to ethical practices and integrity.
How to Apply
Candidates with the requisite qualifications should send their applications with detailed Curriculum Vitae together with copies of certified academic certificates with at least 3 referees in properly sealed envelopes to the address given below clearly stating the job title applied for on the top right corner to be received
Job Applications should be addressed to:
The Recruitment Specialist
The Microfinance Support Centre Limited,
Plot 32, Nakasero Road
P.O. Box 33711 KAMPALA
MSC is an equal opportunity employer and is open to a transparent recruitment process. Any form of lobbying /canvassing for support will lead to the automatic disqualification of the concerned candidate. Submission of falsified academic documents and/ or false information regarding their experience and qualifications will lead to automatic disqualification and possible prosecution.
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