Umodzi Microfinance Limited is seeking a Fraud and Misappropriation Prevention Officer to develop and implement strategies for preventing, detecting, and responding to fraud and financial misappropriation while safeguarding the organization’s assets and ensuring regulatory compliance.
Responsibilities
- Develop and implement strategies to prevent, detect, and respond to fraud and financial misappropriation
- Develop the overall Microfinance Program business plan in consultation with the team
- Implement the Microfinance Program strategy, three-year business plans, and annual operating plans
- Establish effective monitoring tools and systems for Microfinance Program operations
- Develop, revise, and update operations manuals and procedures covering lending methodologies, financial services, and internal controls
- Revise or develop financial products based on market surveys and client feedback
- Develop funding proposals when appropriate
- Monitor achievement of Microfinance Program plans and targets, identify variances, and recommend corrective actions
- Ensure operation policies and procedures are applied consistently and comply with applicable requirements across all branches
- Prepare and distribute branch operation reports and Microfinance Program operational and narrative reports to management and government authorities such as UMRA
- Develop a loan tracking system in cooperation with the IT team and monitor its implementation
- Follow up on audit findings and recommendations relating to operations
- Collect and analyze information about competitors and client feedback and recommend improvements
- Identify annual learning needs for Branch Managers and operations staff
- Develop annual training plans and training materials and serve as a key trainer for operations training
- Conduct performance appraisals for operations staff
- Develop and revise job descriptions and core competencies for relevant staff
- Demonstrate leadership and behavior consistent with the organization’s mission, values, and culture
- Build and maintain relationships with staff, clients, organizations, government institutions, and the general public
Requirements
- Fraud detection and prevention
- Financial auditing
- Knowledge of financial regulations and financial crime laws
- Analytical and problem-solving skills
- Confidentiality and discretion
- Communication and interpersonal skills
- Microfinance operations and internal control knowledge
Document Requirements
