RISK & COMPLIANCE OFFICER

JOB ADVERT – RISK & COMPLIANCE OFFICER

About Masters Finance Ltd

Masters Finance Ltd (MFL) is a Deposit-Taking Microfinance Institution dedicated to expanding financial inclusion through innovative, customer-focused financial services that leverage on technology-driven solutions.  The institution is building a dynamic  team to drive growth and operational excellence as it prepares to transition into a commercial bank.

POSITION – Risk & Compliance  Officer

Key Purpose of the Role

To establish, implement and maintain effective risk management and compliance systems that safeguard the institution against operational, credit, liquidity, fraud, regulatory, legal and reputational risks. The role is responsible for monitoring compliance with applicable laws, Reserve Bank of Malawi requirements, internal policies and procedures, and supporting a strong risk management and compliance culture across the institution.

Key Responsibilities

• Assist in preparing Masters Finance Ltd for a Risk Based approach for regulatory compliance.
• Assist in preparing an institution-wide risk management framework for approval by the Board.
• Implement the Compliance Monitoring Plan and monitor compliance with MFL policies, procedures, and applicable regulatory requirements.
• Prepare monthly compliance reports, including KYC violations, operational irregularities, and identified control weaknesses.
• Monitor AML/CFT compliance, maintain an updated Politically Exposed Persons (PEPs) register, and escalate suspicious activities.
• Conduct compliance, portfolio and risk reviews, particularly for branches and Loan Officers with high Portfolio at Risk (PAR).
• Vet loans in arrears for more than 120 days and compile lists of untraceable clients for follow-up.
• Identify, report and monitor potential fraud, emerging risks and operational anomalies, including tracking fraud recovery.
• Test internal controls and security devices and monitor implementation of audit and regulatory recommendations.
• Conduct staff training on compliance, AML/CFT, KYC, risk management and physical security.
• Communicate compliance concerns and recommend corrective measures to Management.
• Perform any other duties assigned by Management consistent with the role.

Qualifications & Experience

• Bachelor’s degree in finance, Accounting, Economics, Banking or related field.
• Professional certification (FRM, CRM, CPA, ACCA, CISA) is an added advantage.
• Minimum 5 years experience in risk management within banking or microfinance.
• Strong understanding of RBM regulatory frameworks and enterprise risk practices.
• Demonstrated experience in credit analytics, operational risk and compliance.
• Hands-on experience in loan and credit risk management.
• Strong analytical, financial modelling and reporting skills.

Personal Attributes

• Strong ethical standards and integrity.
• Strong analytical, investigative and problem-solving skills
• Strong leadership and stakeholder management.
• Self-motivated, well-organized, and detail-oriented
• High proficiency in Excel, data analysis, and risk modelling.
• Ability to work under pressure and meet strict deadlines.

How to Apply

Submit a motivation letter, updated CV, certified copies of certificates and three professional and traceable referees to:

Email: info@mastersfinance.co.mw/hr@mastersfinance.co.mw

Subject Line: Application for Risk & Compliance Officer

Deadline: 6th November 2026.

Only shortlisted candidates will be acknowledged. Applications will be treated on a rolling basis. Masters Finance Ltd is an Equal Opportunity Employer and encourages applications from qualified men, women, and persons with disabilities.