Tower SACCO Risk Officer - Jobs in Kenya

Tower SACCO Risk Officer - Jobs in Kenya

Job Profile

Job Title: Risk Officer
Job Reference TSCCS:R.O.6/2022
Department: Risk and Compliance
Reporting to: C.E.O
Location Head Office

Job Purpose
  • The Risk Officer will be responsible for establishing and implementing an appropriate Operational & Compliance Risk Management framework in line with the Society’s Strategic
  • Plan, the Risk Management Policy, established SACCO By- laws and regulations and best financial service industry practices.
  • The Risk Officer who is a business supportive and risk disciplined individual is expected to provide oversight to the enterprise-wide risk management (ERM) strategy and framework that effectively translates the risk appetite framework into informed decision-making practices that support Tower SACCO’s unique business model and strategic plan.

    Job Objectives
  • Develop and implement a risk management strategy and monitor implementation of the SACCO’s strategic plan to prevent, eliminate and mitigate operational risks.
  • Identify emerging risks that present new regulatory, fraud, or money laundering risks. Such include risks associated with new products and services, customer types, geographies, and channels.
  • Participate in development and Implementation of a Risk Monitoring and Reporting Framework
  • Provide assistance in developing and updating policies and procedures by enforcing document standards.
  • Ensure that relevant Business policies are effectively embedded within business units.
  • Develop training programs and conduct training on developments in the legal and regulatory framework.
  • Ensure customer portfolio is effectively risk rated and the AML or general compliance Monitoring activity is in line with the risk
  • Transaction and customer screening for Anti-Money Laundering through daily reports and system generated alerts and subsequently close on all alerts generated with the assistance of AML Analysts.
  • Maintain a risk register based on the identified applicable laws and regulations, fraud schemes, and Proceeds of Crime Act and Anti Money Laundering considerations.
  • Conduct risk assessment for proposed and existing units.
  • Track the progress of remediation of control weaknesses identified by Internal Audit, self testing, or controls assessment.
  • Any other duty that may be assigned by the C.E.O.

    Desired Qualities
  • A financial services background with compliance and risk management as a central component of your previous role.
  • High analytical and problem-solving skills to be able to challenge status quo based on qualitative facts.
  • Knowledge of the risk and governance standards such as COSO framework, Basel Corporate Governance Principles and SASRA Risk Management for SACCOs.
  • A track record of delivering on targets and objectives within regulatory and non-regulatory deadlines.
  • Strong analytical, communication and reporting skills.
  • Training delivery experience.
  • A proven ability to work on own initiative.
  • High ethical standards, integrity, and professionalism.

    Preferred Qualifications
  • A Bachelor’s degree in Business related courses, Computer Science and ICT or related field
    from a recognized University.
  • Possession of professional qualification such as CPA, ACCA, CISA, FRM CEH, CISSP, CRISC,
    CISA, CISM or other risk related field. Certification in ICT Security, Audit and Risk
    Management and or
    other relevant training shall be an added advantage.
  • A minimum of four (4) years working experience in an audit firm or a financial institution
    especially in Banking Operations, Audit, Risk Management and/or Compliance practices.
  • Comprehensive knowledge of ERM concepts, operations, and ICT risk management
  • Be between 30-40 years old

  • The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
  • Only shortlisted candidates will be contacted and they will be required to provide the following upon
    being successful;

  • Clearance certificate from the Ethics & anti-corruption commission (EACC)
  • Tax compliance certificate from the Kenya Revenue Authority (KRA)
  • A valid certificate of good conduct
  • Clearance certificate from the Higher Education Loans board (HELB)
  • Clearance certificate from the Credit Reference Bureau (CRB)

    How to apply

  • You will be required to go through the Job Descriptions and specifications, and apply your suitable position by clicking to the link for the online job application form. Fill in and follow ALL the instructions given to submit. The applications should be submitted on or before 15th September 2022 by 6.00 p.m. Applications that are incomplete, received beyond the deadline or that do not meet the stated requirements will not be considered. Only shortlisted candidates will be contacted. Please note that;-

  • Tower SACCO Society will not have outsourced the recruitment process to any organization or agency which, through website postings, mass e-mail messages, newsletters or otherwise claims to be doing recruitment on its behalf. Tower SACCO Society will only use approved and reputable recruitment firms on(exception basis only).

  • Tower SACCO Society does not, and will never solicit money for any part of its recruitment processes including short-listing, interviews, background, and/or medical check-ups.

  • Tower SACCO Society will not be responsible for such fraudulent correspondence or any loss of money or theft which may result from anyone engaging in any fraudulent recruitment activity. Kindly be cautious, and if you have any questions and/or would like to report what you believe to be a fraudulent Tower SACCO Society recruitment person(s) or agency, please email to

    For more information and job application details, see; Tower SACCO Risk Officer Jobs in Kenya

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