Fraud and Misappropriation Prevention Officer
About the role
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 How to apply: Send your CV, cover letter, and academic documents, with the position name as the email subject, to: recruitment@umodzitz.com
Key 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