A Tier One Sacco Risk Officer Jobs in Kenya

A Tier One Sacco Risk Officer Jobs in Kenya


Purpose of the Job

  • To diligently assist in the management of the organization’s Risk portfolio through the development of a highly skilled Risk Management team, as well as support the Sacco’s strategic financial objectives by providing meaningful insight and guidance to a range of internal contacts.

    Key Responsibilities/accountabilities

  • Assists in the formulation of the Sacco’s Risk Policies

  • Assists in the implementation and overseeing of the risk strategy and infrastructure for the
    identification, assessment, management and control of risk across the Sacco

  • Assists in providing advice to the Management and Board on the current risk exposure of the Sacco and possible mitigation actions.

  • Provides specialist support and advice to the line managers for improving the risk assessment
    and risk management framework across the Sacco.

  • Regularly reviews the Sacco’s overall risk assessment processes ensuring both qualitative and
    quantitative metrics are used.

  • Participates in the regular review of the Sacco’s capability to identify and manage all types of risk.

  • Assists in the reviewing the efficiency and relevance of the Sacco’s internal financial /nonfinancial controls and risk management systems.

  • Assists the Head of Risk in the compilation of the annual risk plans

  • Provides the Head Risk Management and line managers with support covering value-add change
    initiatives, training, risk management, policies, procedures, processes and products.

  • Reviews the business models for the monitoring and control processes with a view of
    streamlining and automating processes, procedures, etc. Serve as a subject matter expert to the
    process owners to ensure adequate internal control by supporting the line managers to
    assess the
    potential risks, calculating potential loss and the cost of control.

  • Coordinates the collection of supporting information and evidence documentation

  • Facilitate the development of Key Risk Scenarios with the line managers including the
    determination of likelihood of occurrence and potential impact.

  • Monitors the Sacco’s risk profile and advises mitigation initiatives.

  • Participates in the development of risk profiles for each functional area.

  • Participates in the preparation of monthly and quarterly risk reports.

  • Monitors appropriate measurement processes used on monthly submission e.g. reporting of key
    risk.

  • Implements an appropriate risk management framework.

  • Assists in the development of risk management policy.

    Other Duties

  • Performs any other duties assigned by Management.

    Requirements

    Experience

  • 5 years’ experience.

    Academic Qualification

  • Bachelor’s Degree in Business oriented subjects.

    Professional Qualification

  • CPA II, ACCA Part 1.

    Technical Skills, General Skills & Personal Attributes

    Technical Skills

  • Analytical Skills and eyes to details.

  • Risk assessment skills.

  • Project Management.

  • Relevant computer skills.

    General Skills

  • Commercial awareness.

  • Ability to understand broader business issues.

  • Communication and presentation skills.

    How to Apply

  • For more information and job application details, see; A Tier One Sacco Risk Officer Jobs in Kenya


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