Risk and Compliance Manager

The Risk & Compliance Manager develops, manages, and maintains the compliance programme of the Co-operative, including the development and maintenance of AML/CFT policies and oversees the Enterprise Risk Management Framework.

PRIMARY DUTIES AND RESPONSIBILITIES 

1. Develops and manages an effective compliance programme. 
2. Ensures that AML/CFT/CPF policies and procedures are formulated, implemented, and adhered to by staff at all levels and assists in ensuring that the credit union’s overall policies and procedures are followed in accordance with the Co-operative Societies Act, Regulations, and the By-Laws of the Co-operative. 
3. Researches and remains updated on changes to the AML Act and other legal regulatory developments in the field, and updates the Executive, Board and Supervisory Committee recommending amendments to policies and procedures.
4. Formulates, implements, and amends anti-money laundering policies and procedures on approval; ensures that new updates, amendments, and standards set are promptly and accurately disseminated and communicated throughout the Co-operative.
5. Collaborates with regulatory bodies to ensures that the Co-operative is kept abreast with AML Act amendments and remains compliant.
6. Manages the follow up process to ensure that all queries are promptly researched and accurately resolved in line with the co-operatives standards, rules and regulations.
7. Recommends practices to mitigate risk and improve compliance; provides recommendations to Supervisory Committee / Executive on improvement techniques, information dissemination and policy amendment.
8. Manages AML Surveillance and Suspicious Activity Reporting.
9. Designs and implements an overall risk management process for the organisation
10. Analyses current risks and identifies potential risks affecting the Co-operative.
11. Assists in the review of major contracts, proposed facilities, and new products.
12. Recommends, develops and implements risk mitigating strategies.
13. Prepare action plans to decrease risk factors.
14. Liaises with the Human Resources Department to ensure training for risk awareness.
15. Performs other related duties as required by the Board of Directors.

 Minimum Requirements: 

1. Master’s degree in management, business administration or a related field from an accredited tertiary institution
2. At least five years’ experience in the financial services industry at management level
3. Certification in Compliance such as ACAMS, CFCS, CFE, CRCM or related designation
4. Extensive knowledge of the Co-operatives Societies Act and Regulations
5. Strong working knowledge of compliance processes and risk management
6. Extensive knowledge of financial services compliance and operations and the financial services industry
7. Advanced interpersonal and communication skills
8. Sound decision-making and analytical skills
9. Superior leadership and team-building skills
10. Proven ability to manage time and multiple tasks effectively
11. Extensive knowledge of digital technology, experience with financial software
12. Experience in the Co-operative movement is an asset

DEADLINE FOR RECEIPT OF APPLICATIONS: December 23, 2025

The CFCCU thanks all interested candidates.

Only applications under consideration will be acknowledged.