Compliance and Risk Assessment Officer

Compliance and Risk Assessment Officer Internship for 3 months

The Compliance and Risk Assessment Officer is responsible for ensuring that the organization adheres to all legal regulations, internal policies, and risk management standards. This role involves conducting regular audits, assessing potential risks, developing risk mitigation strategies, and ensuring that business operations comply with external laws and internal controls. The officer will work closely with management to identify areas of vulnerability and to develop a robust framework for minimizing risks while ensuring the integrity and ethical compliance of the organization.

Responsibilities

• Compliance Monitoring : Regularly review and monitor the company’s adherence to regulatory frameworks, policies, and procedures.
• Risk Identification and Assessment : Analyze business processes to identify operational, financial, legal, and compliance risks, and assess their potential impact.
• Risk Mitigation : Develop and implement risk management strategies, ensuring timely reporting and resolution of any identified issues.
• Internal Auditing : Conduct internal audits to ensure the company’s financial integrity and compliance with policies, regulations, and best practices.
• Reporting : Prepare detailed reports outlining compliance issues, risk assessments, and recommendations for action, presenting findings to senior management.
• Policy Development : Assist in the development, review, and implementation of policies related to compliance and risk management.
• Training and Awareness : Provide training and support to staff on compliance and risk-related issues, promoting a culture of ethical behavior and awareness.
• Regulatory Liaison : Serve as the primary point of contact for regulatory bodies and ensure all necessary filings, reports, and documentation are submitted accurately and on time.
• Compliance Reports : Monthly and quarterly compliance and risk assessment reports, detailing findings, risk levels, and corrective actions.
• Risk Mitigation Plans : Clearly documented action plans and risk mitigation strategies tailored to identified vulnerabilities.
• Audit Reports : Completed audit checklists and reports with clear, actionable recommendations.
• Policy Updates : Periodic review and revision of compliance-related policies and procedures, ensuring alignment with legal and regulatory requirements.
• Staff Training : Development and delivery of regular compliance and risk management training sessions for employees.
• Regulatory Filings : Timely submission of all regulatory filings and documentation with zero instances of non-compliance or penalties.
• Risk Registers : Maintain an up-to-date risk register that highlights key risks and outlines mitigation strategies.

Education

Bachelor’s Degree in fields such as Finance , Accounting , Business Administration , Law , Risk Management , or Economics .

Professional Certification in risk management or compliance (e.g., Certified Risk Management Professional (CRMP) , Certified Compliance and Ethics Professional (CCEP) , or Certified Internal Auditor (CIA) ) is an added advantage.

Knowledge of industry-specific regulations is highly desirable, depending on the sector (FINTECHS, etc & FINANCIAL SERVICES).

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