Manager – Risk and Compliance (Microfinance Institution)

Manager – Risk and Compliance (Microfinance Institution) | Lusaka, Zambia

Brilliance Executive Management invites qualified candidates to apply for a full-time position as Manager – Risk and Compliance. This opportunity is ideal for professionals seeking risk and compliance manager jobs in Lusaka, where you will play a pivotal role in safeguarding institutional integrity and minimizing risk exposure within a dynamic microfinance environment.

About the Role: Risk and Compliance Manager Jobs in Lusaka

The Manager, Risk and Compliance, will lead the development and implementation of robust risk management frameworks tailored to the microfinance sector. This role requires designing and refining policies, procedures, and systems that ensure compliance with regulatory standards and protect the institution’s reputation across Africa.

Key responsibilities include drafting and updating risk and compliance policies, conducting risk assessments, and ensuring adherence to regulations from the Bank of Zambia and other relevant authorities. The successful candidate will also manage audit preparations, lead responses to regulatory inspections, and spearhead the digital transformation of compliance tools to enhance operational efficiency.

Core Responsibilities

• Develop and update risk and compliance policies aligned with industry standards.
• Design and optimize compliance management processes covering credit, AML, and consumer protection.
• Perform comprehensive risk assessments and define organizational risk tolerance.
• Identify compliance gaps and recommend effective mitigation strategies.
• Ensure consistent application of compliance procedures across all departments.
• Maintain thorough records of compliance activities and prepare documentation for audits.
• Conduct environmental compliance reviews and ensure regulatory adherence.
• Serve as the primary regulatory liaison, managing inquiries and inspections efficiently.
• Monitor evolving financial regulations to anticipate risks and develop contingency plans.
• Lead internal training programs to raise awareness of compliance updates.

Required Skills and Competencies

• Excellent communication and presentation skills.
• Strong analytical, problem-solving, and research capabilities.
• Attention to detail with a focused and innovative mindset.
• Proficiency in industry compliance standards and regulatory frameworks.
• Advanced risk assessment and financial analysis skills.
• Exceptional ability to coordinate across teams and departments.
• High ethical standards and strong sensitivity to risk management.

Qualifications and Experience

• Bachelor’s degree or higher in Law, Finance, Risk Management, or related fields; Master’s degree preferred.
• Minimum 5-7 years’ experience in compliance, risk management, audit, or internal control, with at least 1-2 years in senior management roles.
• Proven track record in risk and compliance within banking or microfinance sectors, including micro-lending and fintech.
• Experience managing financial regulatory inspections and compliance remediation projects.
• Certifications such as CISA, CFA, or CIA are advantageous.
• Experience with top Zambian commercial banks is a plus.
• Proficient knowledge of BFSA, FIC Act, and Data Protection Act, with the ability to interpret regulatory documents independently.
• Membership in professional bodies such as ZICA, IIA, or ISACA is required.
• Qualified and experienced female candidates are strongly encouraged to apply.

How to Apply

Interested candidates who meet the above requirements should submit their CV in MS Word format along with a cover letter clearly stating salary expectations to jobs@bemconsult.com, with a copy to bemconsult8@gmail.com.

Please note that all applications will be treated with the utmost confidentiality. If you do not receive a response within 21 working days from the date of this advertisement, kindly consider your application unsuccessful.

Applicants are kindly requested not to send certificates at this stage.