Dream Financial Services Ltd

Dream Financial Services Ltd is a deposit taking Micro Finance Institution (MFI) incorporated under Malawi’s 2017 Companies Act, regulated by the Reserve Bank of Malawi. It offers financial services to micro, small and medium-sized enterprises (MSMEs), low- and medium-income Individuals as well as groups (cooperatives).

DFS LTD is hiring skilled individuals to join its growing team in the following position tenable at their offices in LILONGWE:

RISK AND COMPLIANCE OFFICER

Job Purpose

The Risk and Compliance Officer is responsible for promoting a strong risk management and compliance culture, safeguarding the institution against operational, financial, legal and reputational risks, and ensuring adherence to the requirements of the Reserve Bank of Malawi and other regulatory authorities.

Key Responsibilities

• Develop, implement and monitor the institution’s risk management framework.
• Identify, assess and mitigate operational, credit, market and liquidity risks.
• Ensure compliance with the Reserve Bank of Malawi regulations, AML/CFT requirements, and other applicable laws.
• Conduct compliance monitoring and periodic risk assessments across all departments.
• Develop and review risk policies, procedures and internal controls.
• Investigate compliance breaches and recommend corrective actions.
• Monitor Key Risk Indicators (KRIs) and prepare regular risk and compliance reports for management.
• Coordinate regulatory reporting and facilitate regulatory examinations and audits.
• Promote a strong risk and compliance culture through staff awareness and training.
• Support business units in implementing effective controls while achieving business objectives.

Minimum Requirements

• Bachelor’s degree in risk management, Banking & Finance, Accounting, Economics, Business Administration, Law, or a related field.
• Minimum of 3 years’ relevant experience in risk management, compliance, internal audit or financial services.
• Good understanding of the Financial Services Act, Reserve Bank of Malawi Prudential Standards, and AML/CFT regulations.
• Strong analytical, report writing and problem-solving skills.
• Excellent communication and interpersonal skills.
• High level of integrity, professionalism and attention to detail.
• Proficiency in Microsoft Office applications, particularly Excel and Word.

Added Advantages

• Professional qualifications such as CRM, CAMS, ICA, ACCA, CISA, CIA, FRM, or other relevant certifications.
• Experience in a deposit-taking microfinance institution, commercial bank or regulated financial institution.
• Knowledge of Enterprise Risk Management (ERM) frameworks.
• Experience with regulatory reporting and compliance monitoring tools.
• Experience conducting AML/CFT risk assessments and compliance reviews.

• Develop, implement and monitor the institution’s risk management framework.
• Identify, assess and mitigate operational, credit, market and liquidity risks.
• Ensure compliance with the Reserve Bank of Malawi regulations, AML/CFT requirements, and other applicable laws.
• Conduct compliance monitoring and periodic risk assessments across all departments.
• Develop and review risk policies, procedures and internal controls.
• Investigate compliance breaches and recommend corrective actions.
• Monitor Key Risk Indicators (KRIs) and prepare regular risk and compliance reports for management.
• Coordinate regulatory reporting and facilitate regulatory examinations and audits.
• Promote a strong risk and compliance culture through staff awareness and training.
• Support business units in implementing effective controls while achieving business objectives.

• Strong analytical skills
• Report writing skills
• Problem-solving skills
• Excellent communication skills
• Excellent interpersonal skills
• High level of integrity
• Professionalism
• Attention to detail
• Proficiency in Microsoft Office applications, particularly Excel and Word

• Bachelor’s degree in risk management, Banking & Finance, Accounting, Economics, Business Administration, Law, or a related field.
• Minimum of 3 years’ relevant experience in risk management, compliance, internal audit or financial services.
• Good understanding of the Financial Services Act, Reserve Bank of Malawi Prudential Standards, and AML/CFT regulations.
• Professional qualifications such as CRM, CAMS, ICA, ACCA, CISA, CIA, FRM, or other relevant certifications.
• Experience in a deposit-taking microfinance institution, commercial bank or regulated financial institution.
• Knowledge of Enterprise Risk Management (ERM) frameworks.
• Experience with regulatory reporting and compliance monitoring tools.
• Experience conducting AML/CFT risk assessments and compliance reviews.