Recruitment notice: Head of Internal Control Department

Limited Company with Board of Directors with capital of 500,000,000 FCFA, FINANCE POUR LE DEVELOPMENT – CAMEROUN S.A. (FIDEV CAMEROUN S.A.), is a 2nd category microfinance establishment, whose head office is located in Yaoundé. It is deployed as an Agency and its missions consist of the facilitation and provision of savings, credit, and transfers to natural and legal persons in Cameroon.

·         Ensure risk prevention and vigilance regarding compliance with microfinance sector regulations and the quality of products and services sold to customers.

·         Ensure compliance with existing legal control and supervision provisions within microfinance;

·         Ensure compliance of operations with internal policies, procedures and instructions;

·         Ensure the implementation and monitoring of the permanent risk management system;

·         Provide reasonable assurance on the degree of control of activities by ensuring the systematic implementation of self-control and hierarchical control in the operations carried out daily within the organization;

·         Organize and supervise internal control activities.

                 II.        Responsibilities

As head of internal control he must:

·         Define, based on the guidelines of the governing bodies, the organization of the internal control system;

·         Provide an internal control framework and operating procedures;

·         Raise awareness among general management of best control practices;

·         Contribute to the harmonization of practices by disseminating a common culture, particularly in terms of integrity and attitude towards risks;

·         Lead the network of internal control facilitators;

·         Manage the internal control self-assessment program and provide assistance in its implementation by operational and functional management;

·         Manage the monitoring system on its perimeter;

·         Ensure that procedures impacted by legal and regulatory developments are updated;

·         Manage non-compliance risk mapping work and identify risk management systems and action plans to put in place;

·         Report to General Management.

               III.            Activities

·         Identify and monitor the compliance scope;

·         Administer the internal control tool (database including the internal control framework, good practices for identifying and controlling risks, monitoring indicators, etc.).

·         Identify incidents linked to non-compliance risks;

·         Carry out a map of non-compliance risks in order to identify risk management systems and action plans to put in place;

·         Carry out the transposition of regulatory provisions related to compliance into the bank’s internal tools and procedures;

·         Implement a control plan specific to non-compliance risks;

·         Implement controls on risky process steps;

·         Carry out control missions;

·         Organize training for bank employees in order to raise their awareness of current issues, such as customer protection and the fight against money laundering;

·         Ensure the monitoring of the controls put in place and the procedures for processing banking transactions via an alert reporting system with indicators such as the error rate, deadlines, etc.;

·         Analyze, evaluate exposure to risks and propose improvement plans;

·         Coordinate its work program with other risk management functions in order to avoid stacking effects which harm the clarity and credibility of the risk management system;

·         Organize and coordinate activity reporting, monitoring and prevention tools for the compliance system.