Risk, Compliance & Recoveries Officer

Future Sacco Limited

FUTURE SACCO is a member owned institution affiliated to MUSCCO that offers a range of savings and credit products to all Malawians. It therefore invites applications from candidates that are qualified for the below position.

Risk, Compliance & Recoveries Officer

Duties and responsibilities


  • Consult with relevant units to determine, quantify, and mitigate risks involved in establishing and maintaining various client and industry relationships
  • Responsible for assessing metrics and monitoring procedures the organization has set to police transactional risks
  • Responsible for the maintenance of customer credit history database
  • Utilize analytical techniques and statistical analysis to develop and optimize credit risk strategies for portfolios to meet pre-defined goals
  • Ensure strategies are within the company’s Risk Appetite and satisfy pre-defined profitability hurdles
  • Proactively seek and recommend enhancements to processes and development


  • Develop internal company policies and see that they are respected.
  • Make sure the organization has a clearly defined program for complying with the country’s laws.
  • Constantly report to management concerning the organization’s compliance with laws and regulations.
  • Take action in dealing with noncompliance situations, creating realistic plans to overcome them.
  • Conduct regular audits to identify potential weaknesses and noncompliance situations.
  • Communicate with employees and make sure everyone is aware of what they need to do to comply with internal and external laws and regulations.


  • Keep tracking outstanding debts
  • Plan course of action to recover owed money
  • Locate and contact debtors
  • Update account status and database regularly
  • Comply with requirements when legal action is unavoidable


Qualification, Knowledge, Skills and Experience

  • A minimum of a diploma in Finance, Business management, Law.
  • Tangible experience of at least three years in banking or financial service provision organization.
  • Result — oriented individual hungry for high performance.
  • Someone with high integrity, commitment and professional standards.
  • Able to multitask, prioritize, and manage time efficiently
  • Experience in working with targets and tight deadlines

How to Apply

Interested candidates meeting the above requirements should send their application letters with a detailed curriculum vitae (CV) plus copies of certificates not later than 27th January, 2023 to:

The General Manager, Future Sacco Limited, P.O. Box 30548, Chichiri, Blantyre 3 Or email; tmindozo@futuresacco.com.