Head of Risk and Compliance Unit

Advans Ghana Savings and Loans Limited

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Advans Ghana Savings and Loans Limited, a Rapidly Growing International Savings & Loans Company with over 16 Branches and Outlets in Ghana, seeks the services of a Head of Risk and Compliance Unit

 

Job Title: Head of Risk and Compliance Unit

 

Job Location: Accra, Greater Accra

 

Job Description

Unit Management:

  • Supervise, coordinate and control the activities of the unit

Operational Risk And Compliance Risk Management:

  • Coordinate the permanent upkeep of the risk register and risk matrix: identifying, classifying and categorizing risks inherent to the institution as well as associated internal control systems, in collaboration with each Department
  • Evaluate and take the necessary measures to reduce operational risks by strengthening the coherence and integrity of the internal control and risk management system
  • Ensure that employees are sensitized to and aware of operational risk management practices; lead/contribute to training sessions
  • Validate policies and procedures from a risk, control and compliance perspective
  • Follow up on the correct implementation of supervisory controls by branch/head office managers; consolidate and analyze the supervisory control reporting produced by all the institution’s departments, propose corrective solutions
  • Ensure compliance to internal standards, policies, and procedures
  • Ensure compliance to relevant national and international regulations; lead and coordinate anti-money laundering systems and declarations of suspicious activities to the authorities
  • Define and implement dedicated controls on high-risk activities and processes of the institution
  • Review and validate employee access rights and delegations: credit delegations, authorization of certain transactions, access rights to systems
  • Lead and coordinate the implementation of the business continuity and crisis management policy (BCP) of the institution
  • Assists the branches and operations department in head office in dealing with internal audit recommendations by following up on their effective implementation

Credit Risk Management:

  • According to the institution’s credit policy, provide an independent opinion on the level of risk of loan applicants meeting specific criteria, to be used by the loan committee members
  • Coordinate the delinquency, exposure and concentration analysis and monitoring of the institution’s credit portfolio
  • Contribute to the definition of delegations and eligibility criteria for members of loan committees
  • Define and implement necessary updates to strengthen the credit risk management system (credit policy, exposure limits, sectorial sheets, etc)
  • Participate in the creation/update of policies, procedures and credit methodology
  • Ensure that employees are sensitized and aware of credit risk management practices; lead/contribute to training sessions
  • Regular market studies involving clientele interviews and competition review should also be considered in relation with the Marketing Unit
  • Proposes corrective actions or new initiative that may support the achievement of the objectives in terms of volume and quality of loan portfolio (as well as the deposit collection)

Reporting:

  • Develop/update/coordinate the preparation of different reports for General Management and the Risk Management Committee
  • Lead the Risk Management Committee
  • Prepare the different reports for the Board of Directors’ Audit and Risk Committee, and participate in this Committee

 

Qualification and Requirement

  • Minimum of first degree in Social Sciences, Humanities, and Arts and relevant professional qualification in e.g. ACCA, CIM, CIB. Familiarity with operational, financial and quality assurance procedures is required. A relevant Masters’ degree will be an advantage
  • Minimum seven years (7) relevant experience in microfinance or banking of which three (3) should be in a managerial capacity.  Good understanding of the compliance function in a microfinance establishment is also required. Specific experience in risk management or internal control roles is desired

 

Competencies

  • Good interpersonal and communication skills. Excellent analytical and mentoring skills. Must have eyes for details with excellent presentation and reporting writing skills. Must appreciate strategic management
  • Team Motivation and Management Skills. Ability to develop employee skills   
  • Excellent use of excel
  • Meticulous, rigorous, open-minded, autonomous and self-learner. Able to work under pressure

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