TITLE:  Risk, Internal Control and Compliance Manager

TERM:  Full-time

OPEN TO/ ELIGIBILITY CRITERIA:  All qualified candidates

LOCATION:  Yerevan, Armenia

JOB DESCRIPTION:  FINCA UCO is looking for a Risk, Internal Control and Compliance Manager. The major purposes of the role are to establish, implement and enforce a robust risk management framework and systems (policies, processes and tools) covering the ten key risk families defined by FINCA's Global Risk Management function. The Risk, Internal Control and Compliance Manager will assist the Management to create and maintain a sound risk and internal control environment and within the agreed risk appetite determined by the subsidiary's management board and approved by the Board of Directors. He/ she will assist the Management to improve the overall performance and activities of the FINCA subsidiary, and in making decisions on the issues of risk identification, analysis, mitigation and prevention. Working within the framework of the subsidiary's regulatory requirements and in coordination with FINCA functional heads, the Risk, Internal Control and Compliance Manager will manage and monitor control activities and recommend corrective actions to remediate identified control deficiencies. He/ she will also develop work plans in coordination with the Management that are aligned with the subsidiary's strategic and operational objectives and any requirements of external governance bodies.

JOB RESPONSIBILITIES:  Specific duties and responsibilities include, but are not limited to the following:
- Support business in developing appropriate Risk Management strategies/ tools and disseminating appropriate risk management practices in line with developments in the market/ industry, laws, regulations;
- Oversee and enforce risk management policies and established risk limits to close significant gaps in risk management capabilities (policy monitoring);
- Conduct analysis of operations of the subsidiary to identify risks and make recommendations for preventive actions;
- Responsible for timely investigation, analysis and reporting of compliance issues and/ or instances of fraud which can negatively affect the Company's operations and reputation;
- Manage evaluation of the possible risks (including third-party risks associated with vendor selection and management, as applicable) for the proposed new products, procedures and functions; set up and manage internal control tools and instruments during implementation;
- Support the implementation and execution of the responsibilities and activities articulated in the FINCA Internal Control Manual;
- Implement and support AML/ KYC compliance and fraud management directives;
- Manage control activities and reporting of the subsidiary, including the monitoring and reporting of progress against corrective action plans that address control deficiencies/ findings identified by management self-assessment or internal/ external audit activities;
- Provide an independent view of proposed business plans and appropriately report on risks identified to the Management;
- Support the Management in ensuring compliance of Internal Control functional activities with the Charter/ bylaws of the Company, policies, procedures, plans and agreements, decisions of Company's governing bodies as well as headquarter and regional office supervisors;
- Manage regular evaluation process of all Company's regulatory documentation to ensure completeness, accuracy and efficiency;
- Prepare quarterly Risk reports for the subsidiary-level and FMH Board reporting;
- Supervise and monitor subsidiary Risk Management, Internal Control and Compliance staff;
- Support the training and development of subsidiary Risk and Internal control staff, including AML/ KYC compliance and Fraud Management responsibilities;
- Conduct periodic branch reviews of the operational and credit processes in accordance with the procedures described in the FINCA Internal Control Manual;
- Proactively engage subsidiary management boards to support key projects by providing insights that address inherent risks and residual risks after consideration of mitigating controls or other activities.

- Bachelor's degree or equivalent in Business Administration, Finance, Economics, Management or a related field of study; advanced or graduate-level degree is desirable;
- Additional qualification/ certification in Risk Management, AML/ KYC Compliance and Internal Controls is preferred;
- Fluency in Armenian and English languages, both oral and written;
- Ability to travel.

Core Competencies:
- At least 7 years of practical banking and/ or microfinance operations experience (can be credit, operations, audit, client-facing roles and/ or risk management/ internal control - any combination of experience);
- Strong business acumen;
- Leading virtual teams and/ or management experience, including project management;
- Not necessarily direct people management but team leadership (e.g. project lead) experience;
- Strong interpersonal skills;
- Decision-making skills;
- Strong written and verbal communications skills: executive writing and reporting;
- Ability to liaise with the colleagues;
- Analytical skills;
- Ability to translate data/ information into meaningful interpretations (e.g. future trends and identification management);
- Critical thinking skills;
- Strong understanding of ERM and/ or internal controls framework (e.g. COSO);
- Ability to help with the "why" we do what we do and bring structure to the program;
- Profound knowledge in the field of risk management;
- Strategic planning/ management skills; proper understanding of FINCA's business model to assist with development of reasonable risk tolerances;
- Conceptual skills, including the ability to adopt a horizontal, portfolio approach of ERM.

APPLICATION PROCEDURES:  Interested candidates who meet the requirements above and are confident that their background and experience qualify them for the position, are welcome to create an account and apply by following the link: https://tinyurl.com/FINCA-Application .
Please clearly mention in your application letter that you learned of this job opportunity through Career Center and mention the URL of its website - www.careercenter.am, Thanks.

OPENING DATE:  24 July 2019


ABOUT COMPANY:  FINCA CJSC is a universal credit organization, operating in Armenia for more than 19 years. With headquarters in Washington, DC, FINCA reaches over 2 million clients through its 20 subsidiaries in Africa, Eurasia, the Middle East and South Asia, and Latin America. For more information about the Company, please visit: www.finca.am.

This announcement has been retrieved 861 times.


To place a free posting for job or other career-related opportunities available in your organization, just go to the www.careercenter.am website and follow the "Post an Announcement" link.