Dedebit Credit and Saving Institution (DECSI) is growing rapidly and operating in a competitive environment, it is time to have adequate risk and compliance management department for the processes of risk identification, measurement, monitoring, and control.

Major risk and compliance management service activities

• Reviewing and  developing risk and compliance  management  service manual as per National Bank of Ethiopia (NBE) risk  and compliance management guidelines  and present it to management and Board of Directors (BOD) to get endorsement;
• Drafting anti money laundering and know your customer policy and procedure and presenting proposal to management and BOD to get approval;
• Collecting on actual and suspicious transaction reports from zonal office and compile and send to Financial Intelligence Services (FIS);
• Preparing  fraud control, and monitoring  policy and procedures for detection,  mitigation and  reporting as per NBE directive and presenting the draft to management and BOD to get approval;
• Collecting all company’s working manual from each department/service (original & stamped manual);
• Reviewing company’s periodical reports and identify probable risks;
• Identifying risk prone activities and prioritizing them for further investigation or audit, measure, monitor, and control risk management activity;
• Identifying  branch based on portfolio at risk;
• Reviewing and ensuring the implementation of policies  and procedures;
• Reviewing and ensuring the effectiveness of internal control in place;
• Conducting follow up on the implementation of risk and compliance management recommendation in line with management guideline and rectification of the identified risk area;
• Capacitating staff through providing training on risk  and compliance management a activities;
• Ensure the establishment of Asset-Liability Committee (ALCO) or risk management and audit committees.
• Preparing risk management registers and updates it timely.