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Risk & Internal Control Officer

Date Posted: Oct 04, 2020

Job Description

FINCA Limited (Malawi), a subsidiary of FINCA Impact Finance (FIF), is a deposit taking micro finance institution in Malawi operating through 22 service outlets serving borrowers and savers in rural, urban, and peri-urban areas in Malawi.

FINCA is increasing access to its services and products through alternate channels. To strengthen our team and prepare the institution for the challenges ahead, FINCA Malawi is looking for interested qualified persons for the below listed position:



Position: RISK & INTERNAL CONTROL OFFICER


based at the Head Office in Blantyre



SUMMARY

The Risk & Internal Control Officer shall be responsible for identifying all aspects of non-compliance with the policies and procedures in the implementation of the products and making recommendations for improvement.


Major areas of responsibility

  • Conduct field visits to ascertain, existence of the clients, businesses to which the loans have been disbursed, verify the quality of collateral pledged and review the loan field analysis conducted by the loan officer.
  • Interact with the client to establish whether they properly understood the loan process, and the terms of the loan.
  • To monitor, professional conduct of the Customer Relationship Officers while in the field
  • Verify branch committee compliance with all the policies in the loan cycle.
  • Ensure proper filing of all loan documents and perfection of collateral.
  • Prepare inspection visits reports and submit to the Risk & Internal Control Supervisor
  • Based on findings make recommendations for improvement in the implementation of policies and procedures.
  • Identify training needs in credit for every Customer Relationship Officer, Customer Relationship Supervisor and Branch Manager and any other staff involved in the process of underwriting loans and make recommendation to the Risk & Internal Control Supervisor.
  • Test the knowledge of policies and procedures by the credit staff at the branch through direct prompting questions. Give guidance and conduct coaching of staff at the branch in some of the areas of weakness that have been identified.
  • Participate in the review of policies and procedures
  • During interaction with clients and staff while on supervision visits, identify areas of improvement in the policies and processes and make recommendations to the Risk & Internal Control Supervisor in the supervision reports.
  • Participate in the annual policy review conferences
  • Ensure that all key risks identified by the business units have been duly tabulated and risk owner clearly defined.



PERSONNEL SPECIFICATIONS

  • A Degree or Diploma in Business Studies, Accounting, or Banking as a minimum.
  • 2 years relevant work experience in working with either Micro-finance institution or Banking sector.
  • A sound knowledge of micro finance and principles and practices of banking, practices of micro finance deposit-taking institutions.
  • Computer literacy is a MUST.
  • Good interpersonal skills.
  • Good communication skills and public relations skills.
  • Ability to compile and analyze accurate weekly and global and monthly reports.
  • Excellent writing skills.
  • Works perfectly under minimum or no supervision with a proactive approach.
  • Financial reporting/analysis and interpretations.




To apply

Interested candidates should submit their application letter and Curriculum Vitae not later than Friday, 9th October, 2020 to


The Human Resources Manager,

FINCA Limited,

Private Bag 382,

Blantyre

for shortlisting and interviews.


Submit your application via the below email



Email: vacancies@fincamalawi.org



FINCA International Inc. is an Equal Opportunity Employer.


Skills Required


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Job Detail

  • Location
    Blantyre
  • Company
  • Type
    Full Time
  • Positions
    1
  • Apply Before
    10 Oct, 2020

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