La Fayette Microfinance Bank Risk, Internal Control and Compliance Manager Job Vacancy

La
Fayette Microfinance Bank Limited – As an international registered microfinance
bank, La Fayette Microfinance Bank offers a complete range of financial
services and means of payment for its customers, including savings accounts,
current accounts and fixed deposit accounts.

Fully
client oriented, La Fayette Microfinance Bank offers great flexibility,
independence and financial security to help clients stay committed to their
short and long term financial goals. Formally incorporated as La Fayette
Microfinance Bank, the bank started full operation in February 2013 and has
built a strong client base, serving clients from eight branch networks in
Ibadan– Bodija, Challenge, Dugbe, Gbagi and Iwo road, Ogbomosho, Oyo and Saki
towns, all strategically situated within close proximity to customers.
We
are recruiting to fill the position below:
 Job
Title:
Risk, Internal Control and Compliance Manager
Location
: Ibadan, Oyo
Job
Description
  • The
    Risk, Internal Control and Compliance Manager will partner with management
    in providing continual risk assessment and development comprehensive
    policies, procedures, compliance training, protocols, internal
    investigations, plans and implements enterprise risk management strategies
    and processes.
Main
Responsibilities and Task

Risk Management:
  • Work
    with Board Audit, Risk and Compliance committee in ensuring the
    identification and prioritization of risks and reporting of the same
  • Monitor
    and report on compliance with regulatory requirements.
  • Proactively
    identify emerging risks and report to relevant stakeholders.
  • Develop
    risk management system and train departmental risk champions on
    implementation
  • Attend
    Board Audit and Risk Committee meetings; and any other duty assigned by
    Management
  • Develop
    the Enterprise Risk Management Policy for the bank
  • Set
    a risk and compliance framework for the firm in line with our principles
    and culture.
  • Proactively
    Guide the integration of enterprise risk management with other
    organizational planning and management activities.
  • Identify
    training needs for risk management and oversee development of enterprise
    risk competence and awareness across the bank
  • Evaluate
    the adequacy of the company’s internal control framework in addressing
    risks and accomplishing the company’s goals and objectives;
Credit
Risk:
  • Analyse,
    on a quarterly basis, quality of loan portfolio depending on:
    • Client
      Officer / Branch
    • Composition
      of LCM
    • Type
      of Business Activity
    • Zones
      or market area.
    • Change
      in RSM
    • Value
      of Collaterals, etc.
  • Perform
    regular analysis and monitoring of credit risk and exposure and likely
    impact on La Fayette MFB on:
    • Quality
      of the loan portfolio
    • Business
      sector analysis
    • Market
      trends
  • Perform
    periodic market survey to identify sector base risks in our target market.
  • Follow-up
    and advise management regularly on the performance of exceptional loan
    files:
    • Restructured
      Loans.
    • Top-up
      Loans.
  • Regular
    follow-up of bad debt management by the Recovery Unit and make
    recommendation on :
    • Management
      of nonaccrual loans
    • Performance
      of written-off loans
    • Legal
      cases
    • Management
      of seized items.
    • Valuation
      / Auction exercises
  • Research
    and advice management on exceptional cases (potential high risk).
Operational
Risk:
  • Identify
    and liaise with department and unit heads in identifying major risk areas
    and propose actions in the management of such
  • Monitor
    implementation of action plans to ensure risk mitigation efforts are
    proceeding as required.
  • “Test”
    the effectiveness of cascading risk management approach to business
    decision making
Fraud
Analysis, Prevention & Whistleblowing:
  • Develop
    a proactive, independent, balanced fraud risk awareness within the bank
  • Exercise
    direct ownership for Fraud Risk Management control across the Bank.
  • Ensure
    compliance on all fraud risk reporting requirements both internal and
    external.
  • Develop
    Standards for Fraud Risk Management.
  • Ensure
    that Fraud Risk achieves an optimal balance with regard to cost,
    efficiency, operations and customer service.
  • Act
    as a major stakeholder in managing whistleblowing.
Reporting
Tools:
  • Update
    all Risk reporting tools to the M.D on a monthly basis
  • Develop
    new reporting tools in line with business need.
Compliance
Function:
  • Keep
    abreast with all government legislations and CBN policies that may affect
    operations and advise management on it.
  • Work
    with IT to ensure full compliance of monthly reporting of lending
    activities to the Credit Bureau.
  • Attend
    Board Audit and Risk Committee meetings and any other duty assigned by
    Management.
  • Act
    as the banks Compliance Officer I relating with regulatory bodies e.g CBN,
    NDIC etc
  • Co-ordinate
    the writing and updating of processes, procedures and other guides
    relating to operations
  • Perform
    regular control on KYC/AML for account opened in branches
  • In-charge
    of Pol_Pro_GUIDE and must ensure its regular updates in all the branches.
  • Work
    closely with IT (data base) to ensure that the update of various forms,
    profiles, TC Limits, etc. in Orbit are made according to procedures.
  • Keep
    abreast with and advise management of any new development in the market by
    a competitor, government or CBN that may have impact on operations
Internal
Control and Reporting on Mission:
  • Ensure
    the implementation of good internal control system in all branches through
    a regular follow-up of the implementation of BM/CSS/HT Checklists.
  • Performs
    controls on client transactions in their account to check correctness and
    consistency.
  • Conduct
    independent control on the full compliance of policies and procedures at
    all stages of the credit process through desk review and field reviews
    with the main purpose of identifying and blocking all loopholes in the
    process
  • Ensure
    the proper dissemination and implementation of new policies and procedures
    in the branches relating to operations.
  • Be
    actively involved in the set-up of a new point of sales in order to ensure
    proper implementation of all internal control systems
  • Perform
    control on customer feedback in branches – opening the suggestion boxes
    and discussing its contents.
  • Ensure
    the implementation of all reporting tools across network and head office.
Generic
Activities

The Head of Risk Management shall demonstrate:
  • Ability
    to forecast needed adjustment to strategy in order to achieve operational
    and financial objectives
  • Control
    of internal policies, especially regarding to the bank’s risk exposure
  • Contribution
    to strategic thinking.
  • Ability
    to train and support teams under his direct responsibility
  • Ability
    to represent Advans Nigeria in the intervention area by demonstrating
    professionalism and dynamism, and to develop a valuable knowledge of
    his/her intervention area, gaining respect and confidence from clientele
  • Ability
    to communicate clearly with staff under supervision and management at the
    head office level, both orally and in written
  • Ability
    to anticipate, identify and analyse issues that may hamper the development
    of the institution (internal control)
  • Ability
    to ensure a timely and transparent reporting to higher ups, and to propose
    new initiatives for the overall business development.
Person
Specification

Qualification/Education:
  • Minimum
    of First degree in Social Sciences, Humanities, and Arts and relevant
    professional qualification in e.g. ACCA, CIBN, CIB, MCP.
  • Familiarity
    with operational, financial and quality assurance procedures is required.
  • A
    Masters degree in Management will be an advantage.
Work
Experience:
  • Minimum
    of 10 years relevant experience in microfinance of which five should be in
    a managerial capacity.
  • Good
    understanding of the compliance function in a micro finance establishment
    is also required.
Skills:
  • Good
    interpersonal and communication skills.
  • Good
    analytical and mentoring skills.
Personal
Traits:
  • Meticulous,
    rigorous, open-minded, autonomous and Team Player.
How
to Apply
Interested
and qualified candidates should:
Application
Deadline
2nd November, 2018.

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