Vision Fund Zambia Jobs in Lusaka Head – Risk & Compliance Carreer opportunities in Lusaka vacancies in Vision Fund Zambia at Lusaka
# Job Description
VisionFund Zambia Limited is part of a network of microfinance
institutions within the VisionFund International network. We empower low-
income entrepreneurs with access to integrated financial services that unlock
their potential. We are part of World Vision, the largest global Christian
humanitarian organization. In order to support our growth aspirations, we seek
to recruit a qualified candidate who is self-motivated and results-oriented to
fill the following position
HEAD- RISK & COMPLIANCE
Reporting to Chief Executive Officer Location Head Office – Lusaka
As the Head – Risk and Compliance , your job responsibilities involve
the design and implementation of a robust Enterprise Wide Risk Management
EWRM system and the monitoring of compliance within VFZ and its regulatory
environment among other duties The Head-Risk and Compliance HRC will be
instrumental in managing the risk to the organization, its employees,
customers, reputation, asserts and interest of stakeholders. He/she will also
be responsible for reviewing the Credit application processing, the Credit
Policy, Check acceptance procedure, debt collection, Suspense account
reconciliation review reporting, all regulatory compliance and profitability
of the organization.
Key Responsibilities
-->Maintenance of the VFZ Risk register
-->Develop appropriate models for monitoring of the different risks faced by the business.
-->Follow up on Risk Mitigation actions with respective risk owners
-->Report on a monthly basis to the Executive team, the top ten 10 risks in the register and any movements within the register, clearly stipulating risk factors considered.
-->Report and present on a quarterly basis to the Audit and Risk Committee, the Risk and Compliance report alongside, the top 10 risks in the Risk register.
-->Monitor the attainment of approved standards on credit portfolio management.
-->Prepare exceptional reports on breach of tolerance limits set in the Risk Appetite Statement RAS and as required by the board.
-->Develop a Compliance universe for the organization
-->Work with the Operations department in the training of branch managers and credit officers to ensure maximum compliance within branch operations.
-->Work with line managers to perform compliance risk assessments and assign compliance obligations appropriately.
-->Develop a compliance audit plan based on the output from compliance risk assessments.
-->Monitor adherence to Company policies across the organization through methodical compliance reviews.
-->Assist in the review of various policies to bring them in line with any changes in the business and its environment.
-->Escalate exceptional issues identified in the course of branch/ departmental reviews to the Executive management for appropriate action within agreed timelines.
-->Escalate to the Audit and Risk Committee identified issues of non-compliance not attended to within a stipulated
-->Develop a proactive approach to regulatory interactions by managing key relationships with the regulator – Bank of Zambia BoZ
-->Advise Executive Leadership on regulatory changes likely to affect the achievement of business objectives.
-->Coordinate the process of information provision to BOZ during an inspection.
-->Develop an issue tracker that supports line managers in attending to issues raised following an inspection by BoZ.
-->Coordinate and work with relevant departments in attending to issues raised by eternal auditors and other assurance providers.
-->Review the work of Compliance Officers in the implementation of the Compliance Plan.
-->Identify and discuss training needs for the department with all subordinates.
-->Inspire subordinates to high standards of work in the execution of their duties.
-->Liaise with People and Culture department on any pertinent issues raised by subordinates.
Minimum qualification requirements and competencies
-->Bachelor’s degree in Accountancy from a reputable university or college or Professional Accounting Qualification e.g. ACCA, CIMA or equivalent
-->Masters Degree in relevant field
-->At least 8 years’ experience at management level
-->Ready to comply and live up to and in accordance with the organization ideals and core values
-->Mature and committed Christian
-->Good analytical and report writing skills
Read and Apply Now Through
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Email employment@vfz.co.zm
Interested applicants should send a cover letter accompanied by a CV to the
address below
**The Head- People & Culture **
Plot 6810, Chiwalamabwe road
Olympia Park
P.O. Box 33911
Lusaka, Zambia
**OR**
email **employment@vfz.co.zm**
**Closing date 15 th October, 2021 ** ****
Vision Fund Zambia Jobs in Lusaka Head – Risk & Compliance Carreer opportunities in Lusaka vacancies in Vision Fund Zambia at Lusaka
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