Vision Fund Rwanda (VFR), Risk & Compliance Manager Jobs Vacancy

Job Opportunity

‘’Make a difference to thousands in the land of a thousand hills’’

Vision Fund Rwanda (VFR) is microfinance institution subsidiary to World Vision International.VFR is committed to the development of Rwanda, through providing affordable and transformational Financial Services (Savings, Loans and Financial Literacy training) to the less privileged.

VFR is the institution where you can develop your expertise working with the best people worldwide in a network of dynamic, team

focused high performance environment. If you are looking for interesting and challenging work where you can make a difference in the development world, then VFR has the will to make it so. VFR is looking for the below job opportunity.

  1. Risk & Compliance Manager(1)

VFR would like to recruit competent and experienced Risk and Compliance Manager.

Education/Experience:

  • Proven experience as Risk and Compliance manager
  • In-depth knowledge of the industry’s standards and regulations
  • Excellent knowledge of reporting procedures and record keeping
  • A business acumen partnered with a dedication to legality
  • Methodical and diligent with outstanding planning abilities
  • An analytical mind able to “see” the complexities of procedures and regulations
  • Excellent communication skills
  • BSc/BA in law, finance, business administration or related field
  •  Minimum 7-10years experience in banking industry in a senior level handling Risk and compliance matters.

Special / Personal Abilities:

  • Key qualities are pro activity and excellent inter personal skills

This job title entails two functions; the Risk management function and the Compliance function across VFR.

The position will entail the following roles and responsibilities: 

  1. Act as guardian of the policies, procedures, manuals, ensuring their accuracy and regular update. All the procedures/manual should be updated as needed or based on a regular prescribed time period for updating.
  2. Establish risk strategy, policies, procedures and manuals for portfolio management to ensure risk mitigation in terms of types of loan products, amount, loan use, loan term, etc.Review, update and train on Credit Risk Policy
  3. Maintain and update the Risk Register/ Risk Management Framework (RMF), the Risk Appetite (RA) Statement, the Risk Management policy, and the Risk tolerances to ensuring they remain appropriate to VFR’s activities.
  4. Officially select and appoint Risk Coordinators for Departments/Branches in order to have a clear communications line the Risk and compliance Manager and other organizational units.
  5. Train risk coordinators; work with them on updating all risk tools, effectively communicating the risk management framework through substantial time in the field.
  6. Propose effective risk responses and risk strategies and ensure their proper implementation
  7. Be an active participant in the area of defining and mitigating financial risks by assisting in the creation of a hedging policy, liquidity risk policy, f/x policy, as appropriate.Review and constantly improve financial risk management policy.
  8. Establish risk strategy, policies, procedures and manuals for portfolio management to ensure risk mitigation in terms of types of loan products, amount, loan use, loan term, etc. Review, update and train on Credit Risk Policy
  9. Create, transfer to electronic environment and update Loss/Error database.
  10. Exchange information and experience about risk best practices and tools with VFI and other MFIs.
  11. Based on historical performance evidence, define key risk threshold levels based on type of branch, type of loan product, region, etc. Provide recommendations for future portfolio structure
  12. Responsible for the development, auditing, testing and implementation of Business Continuity Plans.
  13. Ensure that relevant staff understand the policies and are given assistance when needed
  14. Create fraudulent loans/clients database, ad ensure its regular uptake and corrective measures taken in house
  15. Manage compliance officers, prepare their work plan and supervise their work and the implementation of their findings by the various units
  16. Summarize main internal control gaps in the main units of operations and provide recommendations about how to close the gaps.
  17. Ensure compliance with the ALCO Charter, finance Manual and any other guiding policy. Articulate strategies for over all treasury management in VFR; by directing, and controlling treasury activities.
  18. Ensure timely reporting to all stakeholders.
  19. Prepare comprehensive risk report for Board risk committee and be able to present and defend findings and strategy.
  20. Work closely with audit team in identifying risk areas and corrective measures to close audit findings.
  21. Coordinate portfolio reviews with team.
  22. Identify training needs for team.
  23. Any other duties as may be assigned by supervisor.
  24. Key qualities are pro activity and excellent inter personal skills

Required Documents:

  • Application letter
  • Copies of degree and other relevant documents.
  • Updated curriculum vitae.
  • Copy of National ID.

If you have the required qualifications and personal attributes; and are fluent in English and Kinyarwanda we are willing to offer you a very rewarding and exciting career.

Please send your application addressed to CEO via email on recruitment@vfcrwanda.rw not later than December 29, 2017 at 4:30pm.Only online applications shall be considered.

Note: Only experienced and shortlisted candidates will be contacted.

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