Senior Risk and Compliance Officer (Re-Advertised)

Location: Addis Ababa, Ethiopia

Deadline: June 1, 2026

Job Description

Position: Senior Risk and Compliance Officer

Place of Work: Head Offices, Addis Ababa

About the Organization:

Kebronhill Microfinance Institution S.C. (KHMFI) pioneers accessible financial services, merging vision with action. Licensed by the National Bank of Ethiopia (MFI/071/2024) under Proclamation No. 626/2009, we champion community upliftment by blending profitability with social impact. Committed to regulatory integrity, we welcome Ethiopians, foreign nationals of Ethiopian origin, and organizations to join our journey. With a focus on innovation and inclusivity, KHMFI leads microfinance excellence, empowering individuals for a brighter future. Join our transformative vision and help shape a better tomorrow with us.

SPECIFIC DUTIES AND RESPONSIBILITIES

Prepare and implement the institution’s risk management plan, ensuring effective identification, measurement, control, and monitoring of risks across all operations.
Proactively identify, analyze, and evaluate enterprise wide risks, including credit, operational, liquidity, fraud, and compliance risks.
Develop, update, and maintain the enterprise wide risk register, ensuring alignment with the institution’s risk appetite, tolerances, and branch level risk ratings.
Conduct periodic and comprehensive branch risk assessments to verify the effectiveness of internal controls, cash management practices, documentation gap, client complaints, field staff risk exposure and operational procedures.
Frequently visit branches to identify gaps and support capacity building in understanding policies, procedures, rules, and regulations.
Evaluate branch and product level risks, with special attention to high risk operations and new product introductions.
Follow up on corrective actions and risk mitigation plans with responsible units to ensure timely implementation and adherence to institutional standards.
Provide actionable recommendations and risk control measures to management and risk owners, supported by clear action plans.
Ensure institutional compliance with NBE Microfinance Directives & strictly adherence to internal policies, operational procedures, credit processes, internal control frameworks, and ethical conduct standards.
Monitor and enforce compliance with AML/CFT laws and reporting requirements, ensuring timely identification and escalation of suspicious activities.
Conduct daily AML assessments and monitor money transfer reports for potential suspicious transactions; prepare reports for submission to the Financial Intelligence Centre (FIC).
Participate in developing, reviewing, and updating compliance related policies, operational manuals, and guidelines to ensure regulatory alignment.
Identify systemic procedural weaknesses and recommend improvements, including additional training needs.
Ensure internal control procedures remain updated with applicable laws and directives, and communicate regulatory changes to relevant stakeholders.
Prepare high quality weekly, bi weekly, monthly, quarterly, and ad hoc Risk & Compliance reports for Senior Management, the Board Risk Committee, and the FIC.
Report significant risk events, compliance breaches, fraud indicators, operational losses, and regulatory violations in a timely manner.
Track and analyze trends in PAR, write offs, operational loss events, reputational risks, liquidity stress, and compliance gaps, providing actionable recommendations.
Maintain complete and well organized documentation for all risk assessments, compliance reviews, findings, follow up actions and regulatory correspondence.
Perform other related duties as assigned by the immediate Supervisor.