Legal, Risk and Compliance Officer at Kray Microfinance Limited

About the Role

The Legal, Risk, and Compliance Officer at Kray Microfinance Limited plays a crucial role in safeguarding the institution’s integrity and ensuring adherence to legal standards and compliance protocols across its eight branches. This position is vital for promoting sound business practices and risk management, which are essential in the financial services sector. In the initial months, you will engage in reviewing contracts and legal documentation, conducting compliance audits, and collaborating with branch staff to foster a culture of risk awareness and compliance adherence. Your expertise will not only help mitigate legal risks but also enhance operational efficiency and customer trust.

Key Responsibilities

• You will review various legal documents, including contracts and loan agreements, ensuring that all terms are clear and compliant with legal standards.
• Your role will involve coordinating with external advocates, managing legal cases, and tracking their progress to ensure timely resolution.
• Maintaining the risk register will be a key duty, where you will log potential risks and monitor their mitigation strategies.
• You will conduct regular branch reviews to assess compliance with cash controls, lending procedures, and customer due diligence.
• Supporting Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) initiatives will be essential, along with ensuring data confidentiality measures are upheld.
• Reporting incidents and material breaches will be part of your responsibilities, where you will follow up on corrective actions and provide training for staff on compliance matters.
• Preparing comprehensive weekly, monthly, and quarterly reports on risk and compliance will be vital for informed decision-making within the organization.

Requirements & Qualifications

• A Bachelor of Laws degree is required to ensure a solid foundation in legal principles and practices.
• Candidates should have at least three years of relevant experience in legal, risk, or compliance roles, preferably within the financial services sector.
• Strong analytical skills are essential, particularly in contract review and report writing, to facilitate effective communication of legal matters.
• Integrity and discretion are crucial qualities, as the position involves handling sensitive information and making independent judgments.
• Willingness to travel regularly to different branch locations is expected to oversee compliance and risk management activities.
• Training in relevant areas such as risk management, compliance, or AML/CFT will be considered an advantage.

What You’ll Gain

• Experience in a multifaceted role that enhances your understanding of legal compliance and risk management within the financial sector.
• Opportunities for professional growth as you work closely with legal experts and gain insights into the complexities of financial regulations.
• The chance to develop critical skills in contract negotiation, risk assessment, and compliance auditing, which are valuable in various sectors.
• Building a strong network within the financial services industry, which may open doors for future career advancements and opportunities.

How to Apply

If you meet the qualifications and are interested in this exciting opportunity, please submit your application. For more details and to apply, visit Apply here.