Fraud & Misappropriation Officer (Risk)

• ·        Undertake quality control reviews for the business units to ensure consistent implementation of policy and processes across all business units and identify any gaps, challenges and improvement measures.
• ·        Provide consolidated reporting, inclusive of an overall risk profile, ensuring that major risks are identified and reported to the Management Committee on risk hotspots, measures and recommendations.
• ·        Communicate board and regulatory responses or directives to business units.
• ·        Monitor adherence to compliance, Anti Money Laundering (AML) and Know Your Client (KYC) standards.
• ·        Assist in the development and management of processes to identify and evaluate business areas’ risks and risk and control self-assessments. These include snap checks and other management monitoring checks/toolkits.
• ·        Manage the process of developing risk policies and procedures, risk limits and approval authorities.
• ·        Implement and manage the risk and control assessment reporting process as well as manage and maintain management reports, follow up of issues identified for conclusive resolution.
• ·        Conduct compliance and risk assessment of key business areas as well as for new products/business changes to ensure risk and control adequacy, evaluation, process and adequate business risk profile.
• ·        Undertake training to staff on inherent risks and controls in the processes within their control.
• ·        Management Executive Committees reports evaluation and monitor against business strategy and regulatory requirements.
• ·        Identifying current and emerging risks.
• ·        Developing risk assessment and measurement systems.
• ·        Establishing policies, practices and other control mechanisms to manage risks.
• ·        Developing risk tolerance limits for Management and board approval.
• ·        Reporting results of risk monitoring to Management and the board.
• ·        Oversight over the credit process including approval of credit facilities.
• ·        Oversight on loan provisioning process and remedial management.
• ·        Independent oversight over Umoja Fanisi’s Assets and Liabilities Committee with regard to risk management measures and policy decisions.
• ·        Periodic review and update of the risk management policies and procedures.
• ·        Any other duties that may be assigned to you.

The position requires ability and willingness to travel domestically up to 80% of the time.

Qualifications

·        Fully completed University Degree from a recognized University in Business Administration – Accounting Option, or any other relevant discipline.

·        At least three years’ experience working in a financial institution.

·        Strong working knowledge of MS Office and other standard software application tools