Risk and compliance- Intern

Key Responsibilities:

Overview

VisionFund Kenya is a dynamic financial services company and a key investment of World Vision Kenya, committed to fostering sustainable financial inclusion.

The Risk and Compliance Intern at VisionFund Kenya plays a vital role in ensuring the organization's overall risk management and compliance function. He/she will support the Risk and Compliance Manager in implementing and monitoring risk management and compliance frameworks, policies, and procedures. Your attention to detail, strong analytical skills, and understanding of regulatory requirements will be crucial to help the institution follow the applicable laws and regulations.

Key Responsibilities

1. Risk Support & Forecasting (50%)

• Assist in identifying business weaknesses and economic trends that could hurt the company.
• Risk Register Management: Tracking daily risk events, updating scores, and ensuring no lapse in control goes unnoticed.
• Forecasting

2. Compliance & "Rules" Monitoring (30%)

• System Maintenance: Keeping the compliance software/databases clean and updated.
• Learning and monitoring local laws and international standards to ensure the MFI doesn't get fined or penalized.
• Reporting: Drafting the first versions of periodic reports for management and regulators.

3. Audit & Process Improvement (10%)

• The Follow-Up: Creating checklists to make sure other departments actually fixed the issues the auditors found.
• Policy Review: Reading through company policies to spot "loopholes" where things could go wrong.

4. Training & Documentation (10%)

• Knowledge Sharing: Helping organize training sessions to teach other staff how to stay compliant.
• Ensuring every policy, procedure, and control document is current, organized, and easy to find.

Ideal Candidate Profile

Required Preferred Knowledge and Qualifications Education

• Bachelor's degree/Diploma in finance, business administration, risk management, or a related field.
• Sound knowledge of risk management principles, compliance frameworks, and regulatory requirements.
• Strong analytical skills, with the ability to identify and assess risks, conduct root-cause analysis, and propose solutions.
• Excellent attention to detail and organizational skills.
• Ability to multitask, prioritize work effectively, and meet deadlines.
• Proficient in using the MS Office suite (Word, Excel, PowerPoint) and other relevant software.
• Strong written and verbal communication skills.
• Professional certifications in risk management or compliance (e.g., CRCM, CRM, CFE) are desirable but not mandatory.
• Previous experience in risk management, compliance, or a similar role, preferably in the financial services industry or microfinance sector and Familiarity with microfinance industry regulations and best practices is a plus.

Skills Required:

• Accounting / Finance
• Sales / Marketing / Business / Management