Educom Co-operative Credit Union Limited (EduCom) invites suitably qualified applicants to fill the position of: Risk and Compliance Manager
The successful candidate will be responsible for the overall risk identification, analysis and management; and shall recommend and ensure the implementation of measures to minimize the Credit Union's risk. He/She will also provide an assessment of the risk management policies and protocols to come up with policies and recommendations to avoid threats, reduce risks and/or mitigate the effects of those which are essentially unavoidable to support the achievement of its Mission, Vision and Major Targets.
Core Functions:
Under the direction of the Chief Executive Officer the successful candidate will be required to:
- Lead the Risk and Compliance Strategic Planning process.
- Develop the risk identification and annual assessment plan and facilitate the identification, measurement, assessment, monitoring and control of the level of risk in the credit union.
- Conduct audits of policy and compliance to standards, including liaison with internal and external auditors.
- Manage the risks associated with the organization, employees, customers, reputation, assets and interests of stakeholders.
- Assess the adequacy of the corporate governance framework for the business.
- Formulate actionable processes and procedures to facilitate compliance with all applicable laws and regulations.
- Develop and improve AML/CFT detection, monitor and report protocols and ensure that procedures are aligned with current best practices and standards.
- A post graduate degree in Risk Management, Economics, Business Administration or Finance or its equivalent from an accredited tertiary institution.
- A minimum of eight (8) years' experience in a Risk and Compliance environment, preferably in a financial institution, at least three (3) of which should e at the managerial level in a medium or large organization.
- Certification in a professional association such as International Compliance Association, (ICA) or Association of Certified Money Laundering Specialists (ACAMS).
- Experience with complex and multi-dimensional financial analysis used in decision making.
- Sound knowledge of Enterprise/Business Risk Management and Compliance and applicable standards and guidelines.
- Sound knowledge of the Proceeds of Crime Act, Terrorism Prevention Prevention Act, Foreign Account Tax Compliance Act and its amendments and regulations and be cognizant of the confidentiality requirements about reporting transactions.
- Sound knowledge of the methods and practices of risk forecasting, risk mapping, risk transfer, risk control, risk assessment and analysis.
- Working knowledge of accounting, banking products and/or regulatory framework and risks facing financial institutions.
- Sound knowledge of the analysis of business metrics and the formulation of key risk and performance indicators.
- Excellent leadership skills.
- Sound knowledge and experience in Strategic Planning and Implementation.
- Excellent human relations and interpersonal skills.
- Excellent oral and written communication and presentation skills.
- Excellent analytical, statistical, critical thinking, problem solving and decision-making skills.
- High level of professionalism, integrity and confidentiality.
- Excellent negotiating skills and the ability to influence people.
