Risk and Compliance Officer
About This Opportunity
To ensure that Ufulu Finance Limited complies with applicable laws, regulations, regulatory directives, and internal policies. The officer will identify, assess, and mitigate business risks, develop and review company policies, and advise management on regulatory changes and necessary updates to policies, procedures, and controls.
Key Responsibilities & Deliverables
Regulatory Compliance and Policy Management
- Monitor applicable laws, regulations, and regulatory directives affecting the company.
- Develop, review, and update company policies and procedures to ensure they remain relevant and compliant with regulatory requirements.
- Advise management on regulatory changes and recommend necessary updates to company policies, procedures, and controls.
- Monitor implementation of approved policies and ensure compliance across all branches and departments.
- Coordinate regulatory reporting and support regulatory inspections and reviews.
Risk Management
- Identify and assess operational, financial, credit, fraud, regulatory, and other business risks.
- Maintain an updated risk register and recommend appropriate risk mitigation measures.
- Monitor the effectiveness of risk controls and report significant risks to management.
Internal Controls and Monitoring
- Review compliance with internal policies, procedures, and established controls.
- Identify control weaknesses, irregularities, and potential fraud or misconduct.
- Follow up on audit findings, compliance gaps, and implementation of corrective actions.
Reporting and Staff Awareness
- Prepare regular reports on compliance, risks, control weaknesses, and corrective actions.
- Advise management on emerging risks and compliance matters.
- Educate staff on company policies, regulatory requirements, and risk management practices.
Key Performance Indicators
- 1Compliance with applicable laws and regulatory requirements.
- 2Timely review and updating of company policies and procedures.
- 3Timeliness of advice to management on regulatory changes.
- 4Number and severity of unresolved compliance issues.
- 5Timely identification and mitigation of business risks.
- 6Resolution of audit findings and internal control weaknesses.
- 7Accuracy and timeliness of compliance and risk reports.
Qualifications & Experience
- Bachelor’s degree in Risk Management, Compliance, Law, Finance, Accounting, Business Administration, or a related field.
- A minimum of 3 years of experience in risk management, compliance, auditing, or financial services is an advantage.
- Knowledge of regulatory requirements and internal control principles.
- Strong analytical, communication, report-writing, and computer skills.
Skills & Competencies
- Regulatory compliance and policy development.
- Risk identification, assessment, and mitigation.
- Analytical thinking and attention to detail.
- Internal controls and problem-solving.
- Integrity, independence, and confidentiality.
- Communication and report writing.
Remuneration
Competitive salary + comprehensive healthcare
You will sign an employment contract with Ufulu Finance Limited.
Ready to Apply?
Submit your application online using the form below.
Other Open Roles at Ufulu Finance
Administration and HR Officer
Keep office operations running smoothly while supporting recruitment, employee records, payroll inputs, and staff welfare.
Marketing Officer
Promote Ufulu Finance products, manage our digital presence, protect brand consistency and generate qualified customer leads.
Sales Officers (2)
Grow the loan book by acquiring customers, building relationships and consistently meeting assigned sales targets.