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Manager Compliance / Risk Management

The Compliance and Risk Manager is responsible for developing, implementing, and overseeing the compliance and risk management framework of the company. This role involves ensuring that the organization adheres to relevant regulatory requirements, industry standards, and internal policies to mitigate risks and safeguard the company's financial integrity.

Key Responsibilities:

1 - Regulatory Compliance:

Stay updated on relevant laws, regulations, and guidelines affecting the microfinance industry.
Develop and maintain a comprehensive compliance program to ensure adherence to regulatory requirements.
Conduct periodic compliance risk assessments and implement corrective measures as needed.
Collaborate with legal advisors to interpret and apply regulatory changes to the organization.

2 - Risk Management:

Identify, assess, and prioritize potential risks affecting the microfinance operations.
Develop and implement risk management policies, procedures, and processes.
Database screening with NACTA | OFAC | UNSC regularly.
Monitor and evaluate risk mitigation strategies to ensure their effectiveness.
Collaborate with internal stakeholders to foster a risk-aware culture within the organization.

3 - Policy Development and Implementation:

Develop and update compliance and risk management policies and procedures in line with industry best practices.
Ensure that policies are communicated effectively and understood by relevant stakeholders.
Implement and monitor adherence to policies and procedures across the organization.

4 - Training and Awareness:

Conduct training sessions for staff to enhance awareness of compliance and risk management requirements.
Provide guidance and support to departments to ensure compliance with policies and procedures.
Provide training to staff on Anti-Money laundering and countering financing of terrorism (AML/CFT) as per requirements of SECP regulations.
Foster a culture of compliance and risk awareness through ongoing communication and education.

5 - Monitoring and Reporting:

Establish and maintain systems for ongoing monitoring of compliance and risk metrics.
Monitoring, Reviewing and updating AML/CFT policies and procedures.
Prepare regular reports for senior management and regulatory bodies on compliance and risk management activities.
Investigate and report on any compliance breaches or potential risks promptly.

6 - Internal and External Audits:

Coordinate and facilitate internal and external audits related to compliance and risk management.
Address audit findings and recommendations, implementing corrective actions as necessary.

7 - Collaboration:

Collaborate with cross-functional teams, including finance, operations, and legal, to address compliance and risk-related issues.
Work closely with external regulators, advisors, consultants and auditors to ensure a positive and collaborative relationship.

Qualifications and Requirements:

Master | Bachelor's degree in a relevant field; additional certifications in risk management and compliance are a plus.
Proven experience in compliance and risk management, preferably in the microfinance or financial services sector.
Strong understanding of relevant regulatory frameworks and industry standards.
Excellent analytical and problem-solving skills.
Effective communication and interpersonal skills.
Ability to work independently and collaboratively in a fast-paced environment.
Detail-oriented with a high level of integrity and ethical standards.

Skills

Compliance Financial Risk Management Regulatory Documentation

Job Details

Industry:

Services

Functional Area:

Accounts, Finance & Financial Services

Total Positions:

1 Post

Job Shift:

First Shift (Day)

Job Type:

Full Time/Permanent

Job Location:

Sheikhupura, Pakistan

Gender:

Male

Minimum Education:

Masters

Career Level:

Experienced Professional

Minimum Experience:

5 Years

Apply Before:

Dec 06, 2023

Posting Date:

Nov 23, 2023

FFO Support Program

Services · 201-300 employees - Sheikhupura

FFO Support Program (FFOSP) is registered as a Non-Banking Micro Finance Company (NBMFC) which is regulated by the Securities and Exchange Commission of Pakistan. FFOSP was established in 2016 and is widely considered as one of the fastest growing institutions in the sector. FFOSP was created through a structured transformation of the credit and savings department of the Farmers Friends Organization (FFO), an integrated development oriented organization operating since 2003 in District Sheikhupura and its suburbs.

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