Risk and Compliance Officer – Nairobi, Kenya – Safaricom Sacco

Risk and Compliance Officer – Nairobi, Kenya – Safaricom Sacco

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Position: Risk and Compliance Officer
Company: Safaricom Sacco
Location: Nairobi, Kenya
Type of Job: Full-Time
Reporting to: Chief Risk Officer
Application Deadline: 20th November 2024

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Introduction

Are you a seasoned professional in risk management and compliance looking to take your career to the next level? Safaricom Sacco, one of Kenya’s leading savings and credit cooperative organizations, is seeking a dynamic Risk and Compliance Officer to join our team in Nairobi. This is an onsite role that offers an exciting opportunity to contribute to our mission of providing innovative financial solutions to our members. At Safaricom Sacco, you will be part of a vibrant team dedicated to excellence, innovation, and integrity. Join us and be a catalyst for positive change in the financial sector.

Key Responsibilities

As the Risk and Compliance Officer, you will play a pivotal role in safeguarding the Sacco’s assets and reputation. Your primary responsibilities will include:

• Reviewing and Maintaining the Risk Policy and Framework: Regularly update the Sacco’s Risk Policy and ensure the Risk Management Framework is aligned with industry best practices.
• Maintaining Corporate-wide and Departmental Risk Registers: Develop and manage comprehensive risk registers to identify and monitor risks across all departments.
• Internal Control Inventory Management: Based on procedural reviews and walkthroughs, maintain an inventory of internal controls and map them to key risk areas.
• Executing Corporate Compliance and Fraud Risk Assessments: Assist in identifying key risks and assessing mitigating controls to determine the organization’s risk profile.
• Developing and Monitoring Key Risk Indicators (KRIs): Establish and monitor KRIs mapped to various risks to proactively implement risk mitigation measures.
• Identifying Emerging Risks: Stay abreast of new regulatory, fraud, and money laundering risks, especially those associated with new products, services, customer types, geographies, and channels.
• Coordinating Risk Information Collection: Gather risk data from source systems and departments, analyze it, and apply findings to key risk areas to update the risk profile.
• Policy Attestations and Procedure Development: Conduct policy attestations and assist in developing and updating policies and procedures by enforcing documented standards such as Standard Operating Procedures (SOPs).
• Performing Compliance Audits: Conduct both internal and external compliance audits to ensure adherence to internal operations and evaluate procedures for accuracy against internal standards.
• Regulatory Compliance Universe Management: Develop and maintain a complete and updated regulatory compliance universe.
• Providing Guidance on Compliance Matters: Offer expert advice on emerging operational, legal, and regulatory compliance issues.
• Championing Environmental, Social, and Governance Processes: Promote compliance with all Environmental, Social, and Governance (ESG) processes within the organization.
• Collaborating with Internal Audit: Work closely with the Internal Audit team to accomplish assurance activities effectively.
• Enforcing AML/CFT Compliance Culture: Communicate and enforce the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) compliance culture as per Know Your Customer (KYC) policies.

Qualifications and Skills

We are looking for a candidate who meets the following qualifications and possesses the necessary skills:

Educational Qualifications

• Bachelor’s Degree in Risk Management, Commerce, Accounting, Statistics, Economics, or any other related field.
• At least completion of CPA/ACCA Part 2.
• Holder of Certified Risk Management Assurance (CRMA) or Certified Risk Analyst (CRA) will be an added advantage.

Experience

• Minimum of 3 years of relevant experience in risk management and compliance roles.

Key Competencies

• Excellent Organizational Skills: Ability to manage multiple tasks efficiently.
• Ability to Work Under Minimum Supervision: Self-motivated and proactive.
• Good Work Ethics and Integrity: Demonstrates honesty and strong moral principles.
• Knowledge of General Project Management: Understanding of project management methodologies and practices.

Company Culture and Values

At Safaricom Sacco, we pride ourselves on fostering a culture of innovation, collaboration, and excellence. Our mission is to provide our members with exceptional financial services that empower them to achieve their financial goals. We value integrity, accountability, and customer-centricity. As a member of our team, you will be part of a supportive environment that encourages professional growth and personal development.

Apply Now for Risk and Compliance Officer

Are you ready to take on this exciting challenge and contribute to the success of Safaricom Sacco? If you meet the above qualifications and are passionate about risk management and compliance, we encourage you to apply.

Application Instructions:

• Send your detailed application and CV, including three referees, to Saccocommittee@Safaricom.co.ke.
• Use the job position “Risk and Compliance Officer” as the subject of the email.
• Complete the required details on our Google Form: Safaricom Sacco Application Form. Incomplete applications will not be considered.

Application Deadline: 20th November 2024

Due to the high number of applications received, only shortlisted candidates will be contacted.

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Compliance Statement

We are an equal opportunity employer and are committed to attracting and retaining the best employees from all backgrounds. Only shortlisted applicants will be contacted.

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Expert Tips to Be a Successful Applicant for the Risk and Compliance Officer Position

As a recruiting expert with over 30 years of experience, I offer you the following detailed tips to enhance your application and increase your chances of success.

1. Tailor Your Resume to Highlight Relevant Experience

Tip: Customize your resume to emphasize experience in risk management and compliance. Highlight specific projects or initiatives where you identified risks and implemented mitigation strategies.

Example: “Led a cross-functional team to develop a risk assessment framework that reduced compliance incidents by 30% over two years.”

2. Emphasize Your Educational Qualifications and Certifications

Tip: Clearly mention your Bachelor’s degree and completion of CPA/ACCA Part 2. If you hold a CRMA or CRA certification, make sure it’s prominently displayed.

Example: “Certified Risk Management Assurance (CRMA) professional with a Bachelor’s degree in Accounting and completed ACCA Part 2.

3. Demonstrate Knowledge of Regulatory Compliance

Tip: Provide examples of your familiarity with regulatory bodies and compliance requirements relevant to the financial sector.

Example: “Proficient in Kenyan financial regulations and experienced in implementing AML/CFT policies in accordance with Central Bank guidelines.”

4. Showcase Your Analytical and Organizational Skills

Tip: Use quantifiable achievements to illustrate your analytical and organizational abilities.

Example: “Developed and managed a risk register that identified and mitigated 15 key operational risks, enhancing efficiency by 20%.”

5. Highlight Experience with Internal Controls and Audits

Tip: Discuss your experience in performing compliance audits and managing internal controls.

Example: “Conducted quarterly compliance audits, ensuring 100% adherence to internal policies and reducing audit findings by 25%.”

6. Illustrate Your Ability to Work Independently

Tip: Provide instances where you’ve successfully worked with minimal supervision, demonstrating initiative and proactivity.

Example: “Initiated a compliance training program independently, resulting in a 40% improvement in staff compliance awareness.”

7. Express Familiarity with ESG Processes

Tip: Mention any involvement in Environmental, Social, and Governance (ESG) initiatives.

Example: “Championed ESG compliance by integrating sustainability metrics into the risk management framework.”

8. Prepare for the Application Process

Tip: Ensure you follow all application instructions meticulously, including completing the Google Form and emailing your application.

Example: “Completed all required application steps promptly, demonstrating attention to detail and compliance with instructions.”

9. Leverage Professional References

Tip: Choose referees who can attest to your skills in risk management and compliance.

Example: “Included three professional referees, including a former supervisor who can speak to my risk assessment capabilities.”

10. Optimize Your Application for ATS Systems

Tip: Use relevant keywords from the job description in your resume and cover letter to pass through Applicant Tracking Systems (ATS).

Example: Incorporate terms like “risk management,” “compliance audits,” “internal controls,” and “regulatory compliance” throughout your application materials.

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We wish you the best of luck in your application process!