KYC Officer

Number of Manpower required:                02

About the Organization:

VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in five of the Regional States of the country. VisionFund MFI is currently looking candidates to fill the vacant positions for KYC Officer role. The successful candidates will have skills and experience that meet the following requirements:

1. JOB SUMMARY

The role of the KYC Officer is to assist Resource Mobilization and Branch Operations in the proper opening of saving accounts as per the KYC standard set by NBE and also the KYC according to the established policies and procedure. The KYC Officer Plan and submit it to the Supervisor KYC unit Weekly, Monthly, Quarterly and Annual reports should also review client’s transaction to detect and report either proposed or Annual reports should also review client’s transactions to detect and report either proposed or completed unusual transactions to promptly manage risk.

2. SPECIFIC DUTIES AND RESPONSIBILITIES

• Prepare KYC annual Plan and submit it to the Supervisor
• Prepare KYC unit weekly, Monthly, Quarterly and Annual reports
• Implement KYC guidelines of the Company are in place in all of the Area and Branch offices and follows up its full implementation
• Initiates new changes to be made in the KYC of the Institution and presents for his supervisor.
• Provides technical assistance to Area and Branch office staff in the area of KYC Management
• Follow-up and periodically amend the KYC policy guide line by harmonizing it with the NBE directives and other Government regulations
• Ensure and implement the proper management of KYC documents at all Branch level
• Monitor and evaluate the proper function of KYC Policy guide line and take timely correction actions on any violations
• Establish clear account approval process & procedure that could balance the interests of stakeholder and institutional goal.
• Conduct periodic review and update of customer profile based on VF MFI’s own risk rating of a customer.
• Supervise and coordinate the KYC Officers  who fully engaged in  account opening process and work
• Reporting  any  suspicious transaction to the immediate supervisors
• Performing the due diligence on new Clients, requesting the KYC information, documentation, review and verification of received documentation and making an analytical risk assessment for new Clients;
• Periodically evaluate existing Clients’ KYC according to established policies and procedures
• Maintain continuous contact with customer in order to keep customer file update
• Tracking performance of individual  KYC team members over time to evaluate performance, learning and capability
• Proposes remedial actions on findings that are not in compliance with the Company’s KYC Policy
• Ensures that adequate and satisfactory KYC services are provided to the customers by way of obtaining first hand feedback;
• Process entries to open/close clients’ account on our KYC/Related Parties and CDD database, and instruct KYC officers to open/close the accounts
• Perform further investigation on identified suspicious client and client’s transactions and report to Deposit Mobilization & Branch Operations Director
• Performs any other duties regarding KYC as may be assigned by her/his supervisor.
• supervisor.

3. MINIMUM QUALIFICATIONS

A). EDUCATION/TRAINING

• BA Degree in Accounting, Banking and Finance, Economics, Management, Accounting and Finance or equivalent or related.

B). EXPERIENCE:

• A minimum of 2 years of relevant work experience.

C). TECHNICAL AND OTHER SKILLS

• Ability to provide leadership, communicate effectively, and promote a team approach to enhance staff commitment to successfully implement the Company’s strategic plan;
• Demonstrated technical and managerial ability, sound judgment, ability to interact and work effectively with others at all levels;
• Good conceptual understanding of participatory approach and sustainable development;
• Firm belief in teamwork and gender equality;
• Basic computer skills and excellent written and oral communication skills.

4. WORKING CONDITIONS AND LEVEL OF TRAVEL REQUIRED

• Office environment:  typical office based with few travels to field.

Terms of Employment: Permanent

Salary: As per the Institution salary scale

Closing Date: August 29, 2026