Head of Risk Management and Compliance, FINCA Tanzania

A CAREER ADVANCING FINANCIAL INCLUSION

ABOUT FINCA IMPACT FINANCE

FINCA Impact Finance believes all people should have the opportunity to leverage their wisdom, talent and effort to determine their own destiny. Our worldwide network of full-service banks and microfinance institutions are grounded in the conviction that inclusive finance is critical to bringing people out of poverty. FINCA sets standards for the microfinance industry, constantly innovating and developing new products and services that help our customers achieve their dreams. Millions of entrepreneurs rely on FINCA's commitment to customer protection and an unmatched customer experience to build a better future for themselves, their families, and their communities.
FINCA Impact Finance's global network of microfinance institutions and banks provides responsible financial services and enables low-income entrepreneurs and small business owners to invest in their future. With 40 years of experience and a mostly local staff of nearly 5,000, FINCA delivers a double bottom line of social impact and profitability. We hire people from a wide variety of backgrounds at all career stages to fully connect with our customers and strengthen the institution. FINCA expects employees to personify our values of transparency, active listening, accountability, and respect. Successful candidates will embrace our brand attributes of warmth, trust, and responsible banking, and possess a commitment to collaboration, service, and inclusivity.

JOB SUMMARY

The major purposes of the role are to establish, implement and enforce a robust risk management framework and systems (policies, processes, and tools) covering key risks families as defined by FINCA's Risk Appetite and Tolerance Limit framework that aligns to Central Bank guideline on Risk Management framework. The Head of Risk Management assists Management to create and maintain a sound risk and internal control environment and within the agreed risk appetite determined by Management Board and approved by Board of Directors. S/he will assist Management to improve the overall performance and activities of the FINCA subsidiary, and in making decisions on the issues of risk identification, analysis, mitigation, and prevention. Working within the framework of the subsidiary's regulatory requirements and in coordination with functional heads, the Head of Risk Management will manage and monitor control activities and recommend corrective actions to remediate identified control deficiencies. S/he will also develop work plans in coordination with Management that are aligned with the subsidiary's strategic and operational objectives and any requirements of external governance bodies.

ESSENTIAL DUTIES

Specific duties and responsibilities include but are not limited to:

• Promote and continuously improve Risk culture in the organization, Support Management to develop the Risk Appetite framework, Monitor and analyse external and internal events to understand and assess the overall Risk profile adequately,

• Support business in developing appropriate Risk Management strategies/tools and disseminating appropriate risk management practices in line with developments in the market/industry, laws, regulations, etc,

• Overseeing and enforcing risk management policies and established risk limits to close significant gaps in risk management capabilities (policy monitoring),

• Conduct analysis of operations of the subsidiary to identify risks and make recommendations for preventive actions,

• Timely investigation, analysis, and reporting of compliance issues and/or instances of fraud which can negatively affect the Company's operations and reputation,

• Manage evaluation of the possible risks (including third-party risks associated with vendor selection and management, as applicable) for the proposed new products, procedures, and functions, set up and manage internal control tools and instruments during implementation,