Job Listing: Risk & Compliance Officer (2 Positions)
Application Deadline: 12th September 2024
Job Title: Risk & Compliance Officer
Organization: Platinum Credit (U) Ltd
Duty Station: Kampala, Uganda
Employment Type: Full-time
About Platinum Credit (U) Ltd:
Platinum Credit is a leading Regional Microfinance Company offering emergency loans to employed individuals across Africa. With a widespread branch network in Uganda, the company provides various products, including Civil Servant Loans, Logbook Finance Loans, SME Loans, and Private Sector Loans, among others. Platinum Credit (U) Ltd is a subsidiary of Platcorp Holdings Ltd.
Job Summary:
The Risk & Compliance Officer will be responsible for identifying, analyzing, and responding to compliance and operational risks that could impact the achievement of business objectives. The role involves working closely with risk owners to monitor and mitigate risks in a structured manner.
Key Duties and Responsibilities:
- Compliance Reviews:
- Conduct compliance reviews of key policies, processes, and procedures as outlined in the Annual Risk and Compliance Work Plan.
- Implement the Branch Review Work Plan as developed by Group Risk and Compliance and manage any review requests from senior management.
- Risk Tracking and Mitigation:
- Track the remediation of control weaknesses identified by internal audits, self-testing, or control assessments.
- Follow up on the implementation of external audit recommendations and management actions in collaboration with Internal Audit.
- Policy Coordination:
- Coordinate with Departmental Heads and risk owners to ensure product manuals are regularly reviewed and updated.
- Regulatory Compliance:
- Perform regulatory compliance reviews according to the obligation checklist.
- Complete the Annual Compliance Report (ACR) on Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) and submit it for review and approval.
- Compliance Checks:
- Conduct monthly compliance checks on sanctions screening procedures and Environmental and Social Risk Rating of the loan book.
- Training and Development:
- Coordinate and provide regular training programs for staff to enhance their understanding of documented policies and procedures.
- Fraud Investigation:
- Collect and review information on reported fraud cases as requested by subsidiary management.
- Present findings to the subsidiary Fraud Investigation Committee.
Qualifications, Skills, and Experience:
- Required Qualifications:
- Bachelor’s degree in a relevant field.
- A minimum of four (4) years of experience in Risk and Compliance.
- Essential Skills/Knowledge:
- Knowledge of risk management principles and practices.
- Strong analytical, investigative, and problem-solving skills.
- Excellent written and verbal communication skills.
- High proficiency in Microsoft Office Suite.
How to Apply:
To apply, submit your application, detailed CV, and testimonials to:
The Human Resource Manager
Platinum Credit (U) Ltd
Email: careers@platinumcredit.co.ug