KYC Division Manager – VisionFund Micro-Finance Institution S.C

Business Development

VisionFund Micro-Finance Institution S.C

VisionFund Micro Finance Institution (S.C) previously known as Wisdom Microfinance is an Institution established to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund MFI brings its wealth of experience of being in the industry for more than two decades to design different loan and saving products that address the needs of the rural and urban low-income families. Currently, we are operating in more than 80 branches in all regions of Ethiopia.

                                IMMEDIATE INTERNAL/EXTERNAL

                                 VACANCY ANNOUNCEMENT

 About the Organization:

 VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 which currently amended to 626/2009 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in four of the Regional States of the country.

VisionFund MFI is currently looking for candidates for KYC Division Manager. The successful candidates will have skills and experience that meet the following requirements:

1.        Major Responsibilities

§  Lead  and coordinate the KYC unit  as a champion

§  Prepare KYC annual  Plan  and submit it  to the Supervisor

§  Prepare  KYC unit  weekly , Monthly , Quarterly  and Annual  reports

§  Ensures that the 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

§  Periodically amend the KYC policy guide line by harmonizing it  with the  NBE directives and other Government regulations

§  Ensure  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.

§  Identify training needs of the work unit  and work with  training  Division  Manager to ensure development of related training materials specific to KYC management

§  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;

§  Periodically evaluate existing Clients’ KYC according to established policies and procedures

§  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.

2 ) TECHNICAL AND OTHER SKILLS

A) EDUCATION/TRAINING

§  MA/MBA/BA Degree in Banking and Finance, Economics, Management, Accounting or equivalent or related.

B) EXPERIENCE:

§  A minimum of 6/8 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.

3. WORKING CONDITIONS AND LEVEL OF TRAVEL REQUIRED

§  Office environment: typical office based but there could be frequent field travel. Travels to field up to 70% of her/his time.

As per the Institution salary scale

Lien