Internal Control and Compliance Officer Job at Baobab Microfinance Bank

Baobab Microfinance Bank is an investment company in microfinance, created in July 2005 by Planet Finance, established in Paris. Baobab’s mission is to provide financial services and savings products to entrepreneurs unserved or underserved by the traditional financial sector by building a group of leading microfinance banks and finance companies in at least 15 countries by 2015.

We are recruiting to fill the position below:

Job Title: Internal Control and Compliance Officer

Location: Abuja
Reports directly to: Compliance Manager

Main Responsibilities

• To Spot checks on cash (Vaults and Tills), transactions call over etc.
• Communicating new changes to the branches under him/her as a way of emphasis to new circular/policy.
• Pre-disbursement visit as may be assigned by Operations.
• Contract and expense verification when the need arises.
• Develop and implement an effective legal compliance program.
• Create sound internal controls and monitor adherence to them.
• Draft and revise company policies.
• Proactively audit processes, practices and documents to identify weaknesses.
• Evaluate business activities (e.g. investments) to assess compliance risk.
• Collaborate with external auditors and HR when needed.
• Set plans to manage a crisis or compliance violation.
• Educate and train employees on regulations and industry practices.
• Address employee concerns or questions on legal compliance.
• Review of new files with the aim of correcting observed anomaly/ omission.
• On the spot assessment of staff attitude to work, approach/behaviours towards customers etc. with the aim of immediately correcting any possible deviation and escalating where necessary.
• Frequent field visits to selected customers especially those in overdue.
• This is a proactive way of discovering fraud and possible reason for default.
• Inculcating the culture of compliance, ethics and integrity into the branch staff, through constant and consisted sensitization of the entire staff.
• Keep abreast of internal standards and business goals.
• Other functions as assigned by the Compliance Manager

Education/Experience

• University Degree in Finance, Business Administration or a related field
• Minimum of 2 years related experience
• Certified compliance professional is a plus.

Required Skills:

• Fluent in English Language
• Good interpersonal skills
• Attention to detail, organisational skills.

Deadline: 21st October, 2019.

How to Apply
Interested and qualified candidates should send their Application ans Resume to: fmaidugu@baobab.bz and cc hrnigeria@baobab.bz using the Job Title as the subject of the mail.