Microloan Foundation (Malawi) Limited is a premier microfinance institution which provides financial services and training support to help women set up and manage sustainable businesses in their communities.

We are currently seeking an experienced, proactive and exceptionally detail-oriented Internal Controls and Compliance Manager. This exciting role will provide the successful candidate with a key position in the Internal Controls and Compliance department of a rapidly growing organization. The ideal candidate will possess strong investigative, analytical skills coupled with established management and leadership qualities. In addition, the candidate will possess strong written and oral communication skills, a general willingness to take initiative and thrive in a fast-paced environment while fostering an environment of continuous improvement.

OVERVIEW

You will primarily be responsible for overseeing MICROLOAN’s ongoing compliance with legislative mandates related to the prevention of financial crimes, as well as risk mitigation and adherence to specific policies and procedures. Primary accountabilities include, establishing robust internal processes, reporting and liaising with regulators, detecting and eliminating fraud, training/coaching/mentoring staff on compliance policies, AML/KYC monitoring.

To be fully competent in the role, you must have exceptional integrity, be perpetually curious, extremely detail-oriented, and have the ability to unlearn previous experiences in the wake of new insights. You will be hands-on by nature and readily blend data with outside-the-box thinking to ensure compliance with internal and regulatory policies.

WHAT YOU WILL DO

The degree to which you will be successful in this position is based on your ability to work collaboratively with internal and external stakeholders to achieve the MICROLOAN’s risk management and compliance objectives. You must therefore have the ability to work independently, as well as part of a distributed team in a rapidly evolving environment that requires meeting tight deadlines and multiple priorities with minimal supervision.

Having good risk management skills, being proactive, being fully dedicated to your role, and having a clear understanding of how your contribution impacts the bottom-line are very important contributors to this success.

The following are some of the duties you will perform:

• Establish, enforce and maintain effective processes (including training and development of appropriate supporting tools) to ensure that compliance policies, procedures and standards are effectively implemented across the business and ensure corresponding appropriate communication and training;
• Review, update and develop (where needed) compliance policies, manuals, procedures, systems and control mechanisms in line with current compliance regulations and best practices;
• Conduct ongoing fraud and compliance monitoring via desk review of branch reports, occasional visits to branch offices, and field trips to village bank meetings, businesses and individual clients.
• Investigate potential fraud or allegations of fraud involving staff and/or customers and competently prepare evidential and factual written reports for dissemination to appropriate stakeholders.

WHAT YOU WILL BRING

• A minimum of a Bachelor’s Degree in Finance, Accounting or Auditing.
• Full professional training and qualifications in accounting such as CIMA, ACCA, CPA or ACA is a distinct advantage.
• A solution-oriented outlook, exceptional integrity and a strong work ethic.
• 6+ years of progressive responsibilities within regulatory, compliance, audit or risk management functional areas, including at least 3 years of management experience.
• Exposure to best-practice internal control management, compliance and regulatory in a financial institution or an audit firm.
• Advanced proficiency in MS Excel and cloud-based accounting software such as Xero or Quickbooks Online.

If this sounds like you, then would like to hear from you. To express your interest in the role, you are required to submit an updated CV along with a brief cover letter detailing how you meet the above requirements to recruit@mlfafrica.org by 10th April, 2024

MicroLoan Foundation (Malawi) Limited is an Equal Opportunity Employer. We thank all applicants for interest in this role. However, only shortlisted applicants will be