Background

INGANJI SACCO RUBAVU is a Savings and Credit Cooperative operating across the 12 sectors of Rubavu District. As part of its commitment to strengthening its institutional capacity, improving service delivery, enhancing risk management and internal controls, and ensuring effective management of its credit portfolio, INGANJI SACCO RUBAVU invites applications from qualified, competent, committed, proactive and self-motivated individuals to fill the following vacant positions:

The successful candidates will be expected to demonstrate a high level of professionalism, integrity, commitment, analytical ability and understanding of the operations of financial cooperatives, banking and/or microfinance institutions, depending on the position applied for.

Job Summary

We invite applications for the position of Risk and Compliance Officer. The Risk and Compliance Officer at Inganji SACCO Rubavu plays a critical role in strengthening governance, risk management, and internal controls within the SACCO. The position ensures that operations, financial reporting, and compliance practices adhere to internal policies, applicable laws in Rwanda, and best financial practices. The Risk and Compliance Officer reports to the Audit Committee of the Board (functionally) and administratively to the Managing Director.

Responsibilities or Duties

Under the supervision and guidance of the Managing Director, the Risk Compliance officer shall be responsible for performing the following duties and responsibilities:

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To comply with the laws, regulations and decisions of the Cooperative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and to respect working days and hours;
• To maintain confidentiality of work;
• To provide basic identification documents before starting work;
• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• Works out a draft of the risk management strategy;
• Sets up and adjusts the risk and capital inventory;
• Conducts risk measurement and stress testing on future liquidity chocks;
• Defines and assesses the early warning indicators;
• Proposes instruments for risk steering;
• Drafts the risk management reports ensuring that major risks are identified and reported including measures and recommendations;
• Supports in the implementation of internal controls;
• Continuously, enhance policies, practices and other control mechanisms to manage risks;
• Investigating potential violations of compliance policies and regulations;
• Advising management on compliance with laws, regulations, directives, rules and standards applicable to the Cooperative;
• Assisting management to effectively manage the cooperative’s risk;
• Educating staff on compliance issues;
• Drafts the contingency plan to manage liquidity risk;
• Perform other duties that are not contrary to the laws and regulations required by the head of internal Audit and Compliance his/her superior body.

Qualifications & Experience required

• Bachelor’s degree in Economics, Accounting, Finance or related field.
• Three (3) years of experience in auditing, and a thorough understanding of Microfinance Banking and accounting practices.
• Professional qualification in Accounting or auditing is added value
• Applicants must be Rwandan by nationality.
• Applicants must be not more than 45 years of age at the time of application.
• Deep Knowledge in Financial Risk Issues and Mitigations.
• Excellent understanding of banking and financial regulations.
• Good skills in Excel, Word, PowerPoint and other Microsoft Office packages.
• Good strategic thinking, with risk and control consciousness.
• Strong analytic skills.
• High attention to detail and excellent analytical skills.
• Excellent communication skills
• Professionalism and integrity.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• Advanced computer skills on MS Office and Core Banking Software.

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To comply with the laws, regulations and decisions of the Cooperative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and to respect working days and hours;
• To maintain confidentiality of work;
• To provide basic identification documents before starting work;
• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• Works out a draft of the risk management strategy;
• Sets up and adjusts the risk and capital inventory;
• Conducts risk measurement and stress testing on future liquidity chocks;
• Defines and assesses the early warning indicators;
• Proposes instruments for risk steering;
• Drafts the risk management reports ensuring that major risks are identified and reported including measures and recommendations;
• Supports in the implementation of internal controls;
• Continuously, enhance policies, practices and other control mechanisms to manage risks;
• Investigating potential violations of compliance policies and regulations;
• Advising management on compliance with laws, regulations, directives, rules and standards applicable to the Cooperative;
• Assisting management to effectively manage the cooperative’s risk;
• Educating staff on compliance issues;
• Drafts the contingency plan to manage liquidity risk;
• Perform other duties that are not contrary to the laws and regulations required by the head of internal Audit and Compliance his/her superior body.

• Good skills in Excel, Word, PowerPoint and other Microsoft Office packages.
• Good strategic thinking, with risk and control consciousness.
• Strong analytic skills.
• High attention to detail and excellent analytical skills.
• Excellent communication skills
• Professionalism and integrity.
• Proven knowledge of auditing standards and procedures, laws, rules and regulations.
• Advanced computer skills on MS Office and Core Banking Software.

• Bachelor’s degree in Economics, Accounting, Finance or related field.
• Professional qualification in Accounting or auditing is added value
• Deep Knowledge in Financial Risk Issues and Mitigations.
• Excellent understanding of banking and financial regulations.