Stima Sacco Risk and Compliance Manager Jobs in Kenya

Stima Sacco Risk and Compliance Manager Jobs in Kenya

Role details

  • Under the supervision of the Audit and Risk Committee of the Board and the Chief Executive Officer, the job holder will determine the strategic and operational risk appetite across the Sacco, establish frameworks and policies for monitoring and implementing risk mitigation strategies.

  • The job holder will ensure effectiveness and adequacy of internal control systems, risk management and governance policies, procedures and processes and the Sacco’s compliance with statutory requirements and regulations.

    Key Responsibilities

  • Champion continued implementation of Risk Management best practice in line with the established Sacco Risk Management Maturity Roadmap.

  • Promote awareness, ownership and accountability of key risk management principles, concepts, strategies, metrics and deliverables in line with the Society’s Risk Framework.

  • Promote and cultivate the development and institutionalization of key risk management specialists, including but not limited to strategic and reputational risk management etc.

  • Establish and ensure execution of an integrated risk management strategy framework, strategies and policies for the Society.

  • Advise the Board and Management on key structural and process reforms to ensure the ingraining of good risk management practice at the Society.

  • Promote and spearhead convergence of key governance, risk and compliance initiatives at the Society.

  • Spearhead the development and utilization of a Key Risk Indicators (KRIs) framework for key strategic business functions and units.

  • Spearhead the embedding of risk management in strategic, tactical, financial and operational planning at the Sacco.

  • Guide the alignment and integration of the Sacco’s Risk Management framework with the Sacco’s business, financial and human performance management systems.

  • Develop an inventory of all key compliance obligations emanating from laws, regulations, rules, Sacco policies and procedures, codes of conduct and other statutory and regulatory requirements.

  • Develop and implement a compliance management plan to ensure the Sacco’s compliance with all key compliance obligations.

  • Establish and foster appropriate linkages with other internal and external governance, risk and assurance service providers for further improvement of the Sacco’s governance, risk and compliance frameworks.

  • Spearhead the conduct of periodic and continuous risk assessment activities at entity, business, process, product and project-level, in line with the established Risk Management framework.

  • In conjunction with key business and process owners, establish and follow-through on the implementation of key rapid risk response and mitigation mechanisms.

  • Serve as the custodian of the Society-wide Risk Register and ensure regular reporting, tracking and treatment of the risks therein

  • Support and ensure the effective functioning of key risk management organs such as the Board Audit, Risk & Compliance Committee (BARCC), the Management Risk Committee (MRC) and Expanded Management Risk Committee (EMRC).

  • Continuously monitor and report on emerging risks that the Society faces and advise on appropriate treatment.

  • Champion the establishment and operationalization of an all-encompassing business continuity planning and management framework.

  • Advise the Board and Management on potential improvements to the Sacco’s Risk Management framework – including but not limited to the risk management policies and procedures, risk strategies, risk assessment, risk measurement and risk escalation mechanisms.

  • Spearhead automation of the Sacco’s Risk Management framework in line with the Sacco’s Risk Management Maturity Roadmap.

  • Ensure that Sacco’s governance, risk management and control systems are functioning as intended to ensure attainment of organizational objectives.

    Minimum Requirements

    Academic Requirements

  • A Bachelors’ degree in Commerce, Economics, Business Administration, Management, or its equivalent.

  • Relevant professional qualification(s) e.g. ACCA, CPA, CIA, CISA or equivalent.

  • Membership to a relevant professional body such as Institute of Certified Accountants of Kenya (ICPAK) in good standing.

  • Certification in Risk, Compliance and/or other relevant training will be an added advantage.

    Experience Requirements

  • Minimum of eight (8) years’ relevant work experience.

  • At least three (3) years in a similar role.

    Summary of Technical Competencies

  • Knowledge of the risk and regulatory framework.

  • Governance, risk and control.

  • Risk assessment and analysis.

  • Control frameworks assessment and assurance.

  • Risk documentation

  • Regulatory and legal knowledge.

    Summary of behavioural/general Competencies

  • High level of analytical and problem-solving skills.

  • Strategic thinking.

  • Ability to lead, develop and nurture high-performing teams

  • Ability to manage and drive change.

  • Professionalism and integrity in line with the Sacco’s values

  • Collaboration and inclusivity.

  • Nurture Innovation and foster learning and development.

  • Good interpersonal skills and emotional intelligence.

  • Results oriented and good team player.

    How to Apply

  • For more information and job application details, see; Stima Sacco Risk and Compliance Manager Jobs in Kenya

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