About Numida

Numida uses proprietary credit models and tech-enabled underwriting processes to provide unsecured working capital loans to African micro and small businesses. Instead of borrowing from informal lenders or family, business owners download the Numida app, apply in minutes, and receive capital within a day. There’s 20 million of these businesses in Africa representing a $5 billion market opportunity and traditional microfinance is failing them. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, with excellent collection rates. Within 10 years, we anticipate enabling at least 1 million small business owners on the continent to achieve their dreams. We are Uganda’s first YC-backed startup and are also backed by world class investors such as Serena Ventures, Onafriq, Breega, and 4Di Capital.

Job Purpose:

The Head of Risk and Compliance will lead the development and execution of the company’s enterprise risk management and compliance frameworks to support sustainable business growth. This role involves identifying, assessing, and mitigating risks, implementing and monitoring compliance procedures, and ensuring all company operations adhere to internal policies and external regulations.

The successful candidate will play a critical role in creating, improving, and implementing policies and processes that align with our business objectives and regulatory requirements.

The ideal candidate will have substantial experience in enterprise risk management, particularly within the microfinance, lending, or banking sectors, with a strong focus on credit risk.

Reporting Line:

This role will report to the Chief Financial Officer

Key Responsibilities:

Develop and implement a comprehensive enterprise risk management framework to identify, monitor, and mitigate operational, credit, and compliance risks.
Oversee and track the timely and adequate closure of risks, and escalate issues to management and board.
Investigate risk incidents and provide updates to senior management on risk incidents and operational losses.
Create and enhance policies and processes to address regulatory requirements, operational gaps, and risk management needs, ensuring alignment with industry standards.
Oversee operational, credit and portfolio risk by monitoring performance, assessing risk, and recommending strategies to minimize losses.
Lead compliance efforts, including KYC, AML, and due diligence processes, to ensure adherence to regulatory standards.
Establish and lead the Risk and Compliance department, recruiting and training team members while defining and achieving departmental goals.
Act as the primary liaison with regulators, auditors, and stakeholders, leveraging data analytics to drive decision-making and risk assessments.
Champion awareness of risk management and healthy risk culture across the organisation.

Must Have:

3–5 years of experience in a credit department, lending institution, bank, or similar environment.
Proven track record of establishing and leading a risk and compliance function in a financial services organization.
Strong understanding of East African regulatory environments related to lending, savings, and financial services.
Experience conducting due diligence processes and working with credit data.
Excellent analytical skills, with the ability to interpret data and drive decision-making.
Familiarity with credit evaluation processes and risk assessment tools.
Strong leadership and communication skills, with the ability to influence and collaborate across teams.

Nice to Have:

Hands-on experience as a credit analyst or in roles that involve portfolio risk assessment.
Knowledge of digital lending technologies and fintech innovations.
Exposure to startups or high-growth organizations.
Certification in risk management, compliance, or related fields (e.g., CRMA, CRCM).

JOB APPLICATION PROCEDURE

Interested and qualified, Click here to apply.

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