Summary
Root Capital’s GRC Team (a.k.a. Legal Team, led by the Sr. Director) is responsible for a variety of governance, risk management, legal and compliance matters. As the organization grows, so does the complexity and volume of the GRC Team’s work. The Officer will support the risk management and legal functions by contributing inputs to everything from the borrower loan closing process to business continuity planning. The Officer will also manage Root Capital’s compliance functions, contribute to cross-functional initiatives, and work closely with the Sr. Director and Corporate Counsel to facilitate the GRC Team’s efforts.
Mission and History of Root Capital
Root Capital’s mission is to grow rural prosperity by investing in small and growing agricultural businesses that build sustainable livelihoods in Africa and Latin America.
Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training and strengthening market connections for small and growing agricultural businesses.
Root Capital clients include associations and private businesses that help create sustainable livelihoods by aggregating the products of hundreds, and often, thousands of farmers. Since our launch in 1999, we have provided more than $500 million in credit to over 420 small and growing agricultural businesses.
Root Capital envision a thriving financial market serving agricultural businesses that generate long-term social, economic, and environmental sustainability for small-scale farmers and their communities around the world. Headquartered in Cambridge, Massachusetts, Root Capital currently has associated locations in Costa Rica, Mexico, Peru and Kenya.
Responsibilities
Facilitate risk mitigation by supporting legal work and risk management efforts – 55%
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Lending Contracts and Documentation – work under the supervision of the Corporate Counsel to:
- Develop an index of frequently used loan covenants and conditions for use by regional loan closers with Root Capital’s borrowers worldwide.
- Review and refine new / alternative clauses proposed by loan closers or local counsel for use in Root Capital’s standard loan agreement with borrowers and help draft clauses in Spanish / French, as needed.
- Support revision of loan agreements for short- and long-term loans to incorporate the advice received from local counsel concerning how to make Root’s templates locally enforceable.
- Contractor Agreements: Manage negotiation and finalization of contractor agreements under supervision of Corporate Counsel. Develop and implement a procurement process for consultants in consultation with Sr. Director, SVP Finance, HR team, and Accounting team. Keep contractor agreement database updated with help of GRC Team intern.
- Enterprise Risk & Business Continuity Planning: Support GRC Team in developing and right-sizing Root Capital’s Enterprise Risk and Business Continuity Planning functions.
- Power of Attorney: Manage work with local legal counsel in various countries to assign power of attorney (POA) to legal representatives for loan closings / collections with support from GRC Team intern and subject to review by Sr. Director.
Manage Root Capital’s compliance regime to facilitate compliance with federal, state, and international laws, as well as funder requirements – 30%
- COE: Lead trainings (in English and Spanish) for Root Capital staff and Board of Directors on Root Capital’s Code of Ethics (COE). Oversee ongoing compliance with COE and manage updates to internal policies and procedures.
- KYC: Manage Root Capital’s Know Your Customer (KYC) and Anti-Money Laundering / Counter Financing of Terrorism (AML/CFT) program for all departments aside from Lending. Work with Senior Manager of Loan Closing to ensure that KYC and AML/CFT compliance is adhered to within the Lending Team. Update relevant materials and train staff on tools and procedures, as needed.
- Other trainings: Work with GRC Team to develop practical trainings (in English and Spanish) for field staff on compliance topics including the Foreign Corrupt Practices Act.
- FORT: Work with Sr. Director to refine, implement and manage tool for tracking fiscal and operations requirements in Cambridge and the field offices (a.k.a. FORT).
- Charity Navigator: Support Sr. Director in monitoring criteria by which Root Capital is evaluated each year by Charity Navigator and ensuring that Root maintains its four-star rating.
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Funder Compliance:
- Manage Root Capital’s funder compliance database and update it, with help of GRC Team intern, as new upstream funding is closed by Investor Relations (IR) team.
- Manage and refine Root Capital’s process for pro-actively tracking funder compliance requirements and facilitate reporting on funder compliance to CFO ahead of quarterly report releases.
- Work with Corporate Counsel to support IR in drafting memos to current investors/donors regarding changes in covenants / commitments, as needed.
- Manage national philanthropic registration to ensure that Root Capital can continue to raise donations in all 50 US states.
Support cross-cutting initiatives such as field office registration / entity creation efforts, LEAN Project Management Office (PMO), and GRC Team intranet updates – 15%
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Field Office Registration / Entity Creation Efforts:
- Assist GRC Team in gathering and submitting relevant documents to local counsel to facilitate field office registration / entity creation efforts.
- Assist GRC Team in coordinating with other teams and departments to facilitate proper set-up of newly established entities and to ensure operational compliance with Root Capital policies and procedures.
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LEAN PMO:
- Develop trainings and opportunities to teach Root Capital’s global team about LEAN process improvements.
- Support the launch of LEAN projects and provide advice, as needed.
- Track cost and time savings that result from LEAN initiatives and determine with leadership how to showcase these savings to the Board of Directors and Root supporters.
- Intranet: Oversee the design of and updates to Legal Resources page of Root Capital intranet.
Other tasks or projects as assigned.
This position description is intended to describe the general nature and level of work of this position, and is not an exhaustive list of all responsibilities, duties and skills required of individuals in this role.
Qualifications and Experience
- Bachelor’s degree and 2-3 years of experience in corporate and/or finance transactions is required. J.D. / international equivalent or paralegal training is an advantage.
- Spanish fluency is required. French proficiency is an advantage.
- Corporate compliance experience is preferred.
- Project management experience is preferred. Familiarity with Lean Project Management is an advantage.
- Demonstrated problem-solving ability and sound judgment for evaluating new situations.
- Strong analytical skills to support legal, transactional and operational functions of the firm.
- Will seek out broader context for assignments and prioritize assignments appropriately.
- Able to recognize, coordinate, and motivate stakeholders in cross-departmental initiatives.
- Excellent interpersonal and communication skills, excellent writing skills for internal and occasionally external communications, and strong presentation skills.
- Extremely detail-oriented and possessing superb organizational and research skills.
- Able to work with minimal supervision. Proactive, take-charge attitude.
- Collaborative team player with a good sense of humor.
- Passion for Root Capital’s commitment to worldwide poverty alleviation and environmental conservation.
- Must be authorized to work in the US.
Salary
Commensurate with experience.
Applications and Nominations
Applications will be accepted on a rolling basis. Candidates are encouraged to apply as soon as possible.
Applications including a resume and cover letter describing your interest, qualifications, language abilities, salary requirements, and how you learned of the position should be sent to: jobs+grcofficer@rootcapital.org. Please type “GRC Officer” followed by your name (Last, First) as the subject line of your email (e.g. “GRC Officer – Marrero, Marc”). Finalist candidates will be required to provide at least three work-related references.
Root Capital is an equal opportunity employer.