Main Function:

• Design and/or implement risk policies and processes for an organization
• Performing, monitoring and evaluation of the likely and current risks in the organization
• Performing and monitoring the implementation of AML/CFT policy and procedures, including customer due diligence, record keeping monitoring, on-going due diligence, reporting of suspicious transactions and combating the financing of terrorism
• Risk reporting, recommending and enabling the implementation of migration measures

Tasks:

• Designing and implementing an overall risk management process for VFR, which includes an analysis of the financial impact on the Institution when risks occur:
• Performing a risk assessment by analyzing current risks and identifying potential risks that are affecting the company:
• Performing risk assessment by identifying the ML/TF risks associated with the new products or services or arising from the reporting institution’s operational changes including the client and introduction of new technology and process, geographical location of new branches.
• Assist in developing policies and processes for identifying, classifying, assessing, monitoring and managing risks.
• Performing a risk evaluation; Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements.
• Establishing the level of risk, the company are willing to take
• Preparing risk management and insurance budgets
• Risk reporting about the most significant risks to the business; ensuring business heads understand the risk that might affect their departments; ensuring individuals understand their own accountability for individual risks
• Reviewing and recommending aggregate loss limit targets for various risk categories (e.g. loans losses, market losses, operational risk), paying special attention to capital adequacy and liquidity requirements
• Creating business continuity plans and mitigation measures to limit risks;
• Maintaining records of insurance policies and claims
• Reviewing any new major contracts or internal business proposals
• Building risk awareness amongst staff by providing support and training within VFR at Head office and branches
• Any other task that may be assigned by the supervisor

Knowledge and skills

• Analytics skills and an eye for detail
• Commercial awareness
• Numerical skills
• Planning and organizational skills
• Ability to understand boarder business issues
• Presentation skills

Essential competencies

• Result driven: ability to define long term goals that need to be achieved, establish priorities, challenging goals with clear indicators and in the line with VFR vision; anticipate, identify, and effectively deal with problems and risks; plan for contingencies to deal with unexpected challenges, overcome obstacles, accept responsibilities and have high passion for excellence.
• ; Understands clearly situations and communicates his/her message with clarity to a relevant audience. Listens attentively to others with an open mind and provides feedback. Uses proper channels of communication.
• Customer focus: Focuses on customer needs and satisfaction; exhibits high standards for quality and quantity; monitors and maintains own quality and productivity; works in a systematic, methodical and orderly way; achieves department goals.
• Working with people; Show respect for the views and contribution of other team members; show empathy, listen, support and care for others; consult others and share information and expertise with them; build team spirit and reconcile conflict; adopt to the team and fits in well.
• Adhering to principles and values – Upholds and encourages ethical behavior; demonstrates integrity; encourages individual responsibility towards the community and the environment; models VFR values during everyday interactions
• Analyzing and decision making – probes for further information or greater understanding of a problem, makes rational judgements and decisions from the available information and analysis; demonstrates an understanding of how one issue in the team or department may be a part of a much larger system.
• Panning and Organizing – adhere to and monitor clearly defined objectives; plans activities and projects well in advance and takes account of possible changing circumstances; identifies and organizes resources needed to accomplish tasks; manages time effectively; monitors team performance against deadlines and milestones.

Education/Experience

Bachelor Degree in Management, economics, Accounting, Finance or business administration with three years’ experience in related field; or Diploma, National Advanced Certificate in Management, economics, Accounting, Finance or business administration with ten years’ experience in related field.