Audit and Compliance Officer

Job Description

Responsibilities:

• Conduct regular compliance risk assessments and audits to assess adherence to policies and procedures, industry standards and best practice as well as identify areas of non-compliance or potential risks.
• Review and assess internal controls related to the microfinance operations and financial reporting.
• Reviewing financial statements to ensure accuracy, completeness, and compliance with regulatory standards.
• Evaluating the efficiency and effectiveness of operational processes, including loan origination, underwriting, disbursement, delinquencies and collection strategies, to ensure adherence to policies and procedures, relevant laws, regulations, and guidelines.
• Monitor and analyze regulatory developments to ensure the company remains up-to-date with changing requirements.
• Investigate and resolve compliance issues, including conducting internal investigations and implementing corrective actions.
• Recommend improvements to internal control frameworks to enhance compliance, operational efficiency and cost savings.
• Ensure compliance with data protection laws and regulations, particularly client information and financial data.
• Tracking previously identified issues, the implementation of audit recommendations and verifying the effectiveness of corrective actions.
• Prepare and submit reports to senior management and regulatory authorities on compliance activities and findings.
• Collaborate with internal stakeholders, external regulators, and industry associations to address and support compliance-related matters.
• Provide guidance and training to staff on compliance matters to promote a culture of compliance throughout the organization.

 Required Qualifications and Experience

• Graduate Degree or equivalent professional qualification in AML/CFT Compliance, Law, Business, Finance, and/or law enforcement or related field.
• Minimum 3 years working experience in an AML/CFT Compliance environment.