Risk and Compliance Officer

• Job Type Full Time
• Qualification BA/BSc/HND , KCSE , Professional Certificate
• Experience 3 years
• Location Nairobi
• Job Field Finance / Accounting / Audit
• The Risk & Compliance officer is responsible for supporting the identification, assessment, mitigation,reporting, and monitoring of enterprise risks, including compliance with Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Business Continuity Plans (BCP). He/she ensures adherence to regulatory requirements, corporate governance standards, and industry best practices.
• Co-develop and maintain the company’s enterprise risk management strategy.
• Conduct comprehensive risk assessments across business and functional areas in line with therisk management framework.
• Assist in the development and implementing systems, policies, and procedures for identifying,collecting, and analyzing risk-related information.
• Evaluate the adequacy and effectiveness of controls to ensure identified risks are appropriately mitigated at departmental and process levels.
• Assist in the management and tracking progress on risk mitigation action plans.
• Collaborate with departments to identify, quantify, mitigate, and monitor operational and financial risks.
• Monitor risks and communicate relevant information to risk and compliance Manager who then works closely with the stakeholders to ensure the effectiveness of the enterprise risk management strategy.
• Review new and ongoing products to ensure they undergo comprehensive risk assessments before implementation.
• Assist in development of training programs and conducting training to the staff on risk management, controls, and compliance.
• Assist in the preparation of monthly, quarterly, and ad hoc risk and compliance reports as required.
• Coordinate Anti-Money Laundering (AML), Data Protection, and other regulatory compliance activities.
• Implement and maintain effective internal controls to prevent and detect compliance
• violations within SACCO’s operations.
• Ensure business units comply with applicable regulations through continuous monitoring and review of legislation, internal policies, and controls.
• Identify, assess, control, and enforce compliance risk management across the organization.
• Detect, report, and follow up on suspicious transactions.
• Stay updated on industry regulations, compliance requirements, and best practices.
• Review and maintain the business continuity program, ensuring regular tests, updates, and
• alignment with policies and frameworks.
• Identify areas of weakness in business continuity and recommend remedial measures in consultation with relevant stakeholders
• Bachelor’s degree in Finance, Accounting, Commerce –Risk & Compliance, Actuarial or a related field
• Risk certification or equivalent professional qualification.
• Membership in a relevant professional body is an added advantage.
• KCSE minimum qualifications: (C Plain) with C (plain) in English and Mathematics
• Minimum of Three (3)years proven experience in compliance, risk management, internal audit or regulatory affairs.
• Age above 28 years
• In-depth knowledge of the financial services industry.
• Strong analytical, organizational, and problem-solving skills.
• Personal attributes: integrity, dependability, initiative, results-orientation, creativity, and strong interpersonal skills.
• Effective verbal and written communication skills.
• Proactive in staying updated on regulatory developments.
• Knowledge of automation in risk management.