Summary
Date Posted: Thursday, March 06 2025, Base Salary: Not Disclosed

JOB DETAILS:
MSC is a Government owned company incorporated in 2001 with a mandate of offering affordable credit to rural poor and providing business development services to Cooperatives, Savings and Credit Co-operative Organizations (SACCOs), Microfinance Institutions (MFIs), Small and Medium Enterprises (SMEs) that operate along the agricultural value chain.
MSC is supervised by the Ministry of Finance, Planning and Economic Development. The company is currently governed by a Board composed of highly experienced professionals in the areas of banking, microfinance, cooperatives, and law. The Board is appointed by the shareholders. The entity generates most of its revenues by accepting risk.
MSC is currently implementing a five-year Strategic Plan (2020 – 2025). This Strategic plan is built on six core strategic objectives namely; Increase coverage of MSC services and products, enhance product development, strengthen client Institutional Capacity, strengthen strategic partnerships, improve resource mobilization, Enhance organizational sustainability.
MSC has over the past years integrated Risk Management mainly under the Finance Department, Legal & partly Internal Audit. Therefore, there was no independent Risk Management framework. To effectively achieve the Strategic Plan objectives, it became inevitable to extract this and focus on risk management as a key function area hence the development of a Risk Management policy & Procedures manual to guide the implementation.
MSC seeks to strength its risk Management and compliance functions to ensure effective management of risks and adherence to set policies and procedures. To achieve this, MSC requires the services of a Risk and Compliance
Specialist to build the capacities of internal staff and improve the risk and compliance frameworks

A) OBJECTIVES OF THE ASSIGNMENT.
1. Review the current Risk Management implementation plan and system and provide technical guidance on how to improve the implementation.
2. Assess the current risk management practice, identify the gaps and recommend on how to fill the gaps.
3. Build capacities of the staff in the Risk and Compliance function through mentorship and guidance to MSC

B) DETAILED SCOPE OF WORK.
The expert will perform the following tasks:
1. Conduct a needs assessment of internal staff to determine training requirements.
2. Design and deliver training programs to build the capacities of internal staff in risk management and compliance.
3. Review the current risk management and compliance implementation plan and system, including policies, procedures, and controls.
4. Identify gaps and weaknesses in the current system and provide recommendations for improvement.
5. Provide technical guidance on how to implement recommended improvements.
6. Develop a roadmap for implementing recommended improvements

C) KEY DELIVERABLES.
1. A training needs assessment report.
2. A training program design and delivery plan.
3. A report on the review of the current risk management and compliance implementation plan and system.
4. A report on the review of the current risk management and compliance implementation plan and system
5. A report detailing recommended improvements and a roadmap for implementation. A final report summarizing the work done and recommendations for future improvements

D) OBLIGATIONS OF THE FACILITATOR/ MENTOR
• To offer mentorship through working visits to MSC at least once a week for 6 months
• Offer technical assistance in developing relevant tools, monitoring and reporting guidelines
• To cater for their transport & communication during the mentorship visits.
• Prepare an exit/completion report after the period of the assignment

E) OBLIGATIONS OF MSC
• Coordinate the assignment
• Provide required information within its jurisdiction,
• Effect payment for the services rendered as per the contract

DURATION OF THE ASSIGNMENT
The assignment will run for 6 months starting 1st April 2025

• REPORTS
The Specialist will submit an exit/ completion report to the Executive Director of MSC at the end of the assignment. Coordination and technical engagement will be directly with the Head of Performance and Quality Assurance.

• DESIRED EXPERIENCE OF THE SPECIALIST
• Evidence of similar assignments previously undertaken in the financial services sector.
• At least 5 years of general experience in Risk Management/ Audit and Strategic Planning
• Strong knowledge of risk management and compliance frameworks and standards

Reporting
The Risk and Compliance Specialist will report to Deputy Executive Director.
Confidentiality
The Risk and Compliance Specialist will be required to sign a confidentiality agreement to ensure the protection of confidential information.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

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