About the Organization:

Vision Fund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. Vision Fund is currently operating in five of the Regional States of the country.

Vision Fund MFI is currently looking for candidates for Compliance Officer Role at North West Area Office. The successful candidates will have skills and experience that meet the following requirements:

1.    Job Summary

The purpose of the Compliance Officer position is to ensure that the MFI complies with internal policy, procedure, guidelines as well as regulatory requirements. He/she also ensures that staff members of the MFI understand the importance of compliance and, reviews its operations to ensure responsibilities are carried out and requirements are met. Makes the required follow up that suspected and illegal transactions are traced and reported by Branches and subsequently to the concerned government offices.

2.    SPECIFIC DUTIES AND RESPONSIBILITIES

• Ensures the implementation of the compliance risk management system of the company;

• Follows up efficient identification and monitoring of suspicious activities and transactions;

• Participates in identifying systemic procedural weaknesses and additional training

• Assists with money laundering related queries/questionnaires received from corresponding banks;

• Follows up proper identification of suspicious transactions or money laundering alerts;

• Participates in developing and documenting the compliance policy, reports and other related documents;

• Participates in fostering and encouraging a culture of compliance in the company;

• Works with internal and other key stakeholders to identify and mitigate the risks associated with existing and new higher risk customers and transactions;

·         Monitors large transactions, frequent transactions by one single client, dormant accounts;

·         Participates in anti-money laundering and fraud monitoring awareness building;

·         Ensures and keeps the internal control procedures are abreast with applicable laws and regulations, and disseminate information / requirements to relevant stakeholders as appropriate;

·         Participates in the revision of operational procedures to ensure they are in compliance with the law and required operational controls; 

·         Provides expertise support to staff and other working units to assist them in complying with existing and new regulation requirements;

§  Organizes and conducts trainings for the Branch staff to make them aware of the regulation on money laundering and anti-terrorist financing and the reporting requirement and mechanisms;

§  Ensures that the reporting mechanism is supported by an adequate computer system for the efficient and timely flow of information;

§  Prepares compliance reports and forwards it to the Risk & Compliance Management Services

§  Performs other duties as assigned by his/her Supervisor

Job Requirements

A) EDUCATION/TRAINING

•   BA Degree in Accounting, Law, Banking, Economics, Finance, Business Administration or related field.

B) EXPERIENCE:

• A minimum of 3 years of relevant work experience in any financial Company or related organization.

C) TECHNICAL AND OTHER SKILLS

§  Ability to provide leadership, communicate effectively, and promote a team approach to enhance staff commitment to successfully implement the Company’s Strategic Plan;

§  Good conceptual understanding of participatory approach and sustainable development;

§  Basic computer skills;

§  Excellent written and oral communication skills

1.    WORKING CONDITIONS AND LEVEL OF TRAVEL REQUIRED

§    Office environment with extensive field works. Travels up to ……% of her/his time. 

Terms of Employment: Permanent

Salary: As per the Institution salary scale

How to Apply

Candidates who fulfil the above requirements can submit the application letter, updated curriculum vitae with names and addresses of up to 3 references and non-returnable copies of credentials in person to:  North West Area Office (Ambo) or online through VFE_Vacancy@wvi.org.

                                      Women applicants are highly encouraged to apply