A Tier One Sacco Head of Risk & Compliance Jobs in Kenya

A Tier One Sacco Head of Risk & Compliance Jobs in Kenya


Purpose of the Job

  • Responsible for overseeing and implementing the Sacco’s risk management and compliance
    framework. Identify, Assess, Mitigate, Monitor and Report on industry dynamics that may /not impact
    the Sacco’s performance and/or risk exposures.

    Key Responsibilities/accountabilities

  • Develop and implement of Enterprise risk management framework for the Sacco.

  • Guides in the integration of enterprise risk management with other organizational planning and management activities.

  • Ensures risk review and assessments from risk perspective of all products; processes; policies and other projects;

  • Oversee, develop and implement Sacco wide Risk Awareness Initiatives

  • Oversee implementation and tracking of the Sacco risk assessment programs as required by
    regulations and the board of directors.

  • Assist with and coordinate the development of tools to identify, assess, mitigate and monitor risk across the Sacco

  • Oversee and implement tracking of the following, and ensure that the recommendations
    have been implemented within agreed time frame provided in the inter-departmental service level agreements:

  • Audit recommendations

  • Incident reports

  • Compliance recommendations

  • Customer Complaints reports

  • Business Impact Analysis

  • Risk Control Self-Assessment reports

  • Oversee Management and Compliance to AML/KYC and CFT

  • Receive reports on suspicious activity and apply internal risk management procedures on those suspicious transactions.

  • Identifying and developing Key Performance Indicators (KPI’s), Key Risk Indicators (KRI’s), key controls and trend indicators as relating to Sacco wide regulatory and internal risk and compliance requirements.

  • Assess and monitor compliance with all department and Sacco policies, procedures and
    regulations.

  • Monitor and ensure that all mandatory regulatory requirements are adhered to by the Sacco.

  • Oversee compilation of summary of Regulatory, Board, and Management reports, statistics, trend analysis on overdue recommendations and risk profiles monthly, quarterly and yearly.

  • Develop, maintaining and
    testing of Enterprise Business Continuity, Disaster Recovery,
    Crisis/Incident Management programs.

  • Evaluate the adequacy of the company’s internal control framework in addressing risks and
    accomplishing the Sacco’s goals and objectives;

  • Provide periodic reports to the Board and senior management to keep them abreast of the
    compliance activities and regulatory developments

  • Performs any other duties assigned by Management.

    Requirements

    Experience

  • 10 years’ experience of which at least 4 years in a managerial capacity within a risk and / or compliance function.

    Academic Qualification

  • Bachelor’s Degree in Business oriented subjects

  • Possession of an MBA/Relevant Master’s Degree is an added advantage

    Professional Qualification

  • CPA (K), ACCA

    Technical Skills, General Skills & Personal Attributes

    Technical Skills

  • Analytical Skills and eyes to details.

  • Risk assessment skills

  • Project Management

  • Track record in implementing risk methodologies in a banking/financial services environment

  • Proven experience of reviewing business processes from an operational, Market and Credit
    risk perspective

    General Skills

  • Commercial awareness

  • Planning and organizational skills

  • Ability to understand broader business issues

  • Communication and presentation skills

  • Proven analytical and problem solving skills,

  • Ability to explain complex issues in a concise and straight-forward manner is a plus.

    How to Apply

  • For more information and job application details, see; A Tier One Sacco Head of Risk & Compliance Jobs in Kenya


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