Principal Compliance Officer – Kenya – Institute of Certified Investment and Financial Analysts (ICIFA)

Principal Compliance Officer – Kenya – Institute of Certified Investment and Financial Analysts (ICIFA)

• Position: Principal Compliance Officer (Job Grade 4)
• Company: Institute of Certified Investment and Financial Analysts (ICIFA)
• Location: Kenya
• Type of Job: Full-time
• Salary Expectation: As per company policy
• Reporting to: Senior Management
• Application Deadline: December 13, 2024

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Introduction:

The Institute of Certified Investment and Financial Analysts (ICIFA) is the leading body tasked with regulating the Investment and Financial Analysis profession in Kenya. As a key player in promoting excellence and professionalism, ICIFA plays an instrumental role in shaping the financial industry by ensuring that Certified Investment and Financial Analysts (CIFAs) adhere to the highest standards of practice. The role of Principal Compliance Officer at ICIFA provides an exceptional opportunity for professionals seeking to contribute to the advancement of the finance and investment sectors in Kenya. The position offers significant responsibilities and challenges, including working closely with other regulatory bodies to enforce compliance and drive strategic initiatives within the organization.

At ICIFA, employees enjoy a work environment that fosters growth, leadership, and professional development. If you are a highly motivated professional with a passion for compliance, regulatory practices, and industry excellence, this is the ultimate role for you.

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Key Responsibilities:

As the Principal Compliance Officer, you will be responsible for ensuring that ICIFA and its members operate in strict adherence to the provisions of the Investment and Financial Analysts Act (No.13 of 2015). Your core duties will include:

1. Surveillance & Enforcement:
   • Enforce the provisions of the Investment and Financial Analysts Act (No.13 of 2015).
   • Collaborate with relevant agencies to ensure compliance and enforcement.
   • Lead the development of guidelines and procedures for regulatory compliance.
   • Investigate complaints related to professional misconduct and regulatory violations.
   • Prepare and implement compliance procedures and conduct regular compliance checks.
   • Monitor adherence to professional standards, quality assurance protocols, and other guidelines published by ICIFA’s Council.
2. Leadership & Management:
   • Provide strategic oversight and leadership to the compliance team, ensuring that all regulatory activities align with ICIFA’s vision and mission.
   • Supervise compliance-related activities and ensure effective monitoring of ICIFA members’ adherence to legal and professional standards.
   • Develop and deliver compliance-related training programs to enhance staff competencies and performance.
3. Collaboration & Reporting:
   • Liaise with government agencies, regulatory bodies, and industry stakeholders to advocate for and ensure compliance with industry standards.
   • Prepare detailed compliance reports and provide regular updates to senior management on the status of compliance activities.
4. Regulatory Development:
   • Initiate and drive efforts to enhance existing compliance frameworks and ensure alignment with evolving regulatory standards.
   • Propose and implement new compliance policies to adapt to changes in the investment and financial sectors.

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Qualifications and Skills:

To be considered for this prestigious role, candidates must meet the following criteria:

Education:

• Bachelor’s degree in Commerce, Finance, Business Administration, or Business Management (Accounting/Finance Option), or an equivalent qualification from a recognized institution.
• Master’s degree in Commerce, Finance, Business Administration, or Business Management (Accounting/Finance Option), or a related field from a recognized institution.

Professional Experience:

• A minimum of eight (8) years of relevant working experience, including at least three (3) years in a supervisory role.
• Previous experience in compliance, regulatory affairs, or similar fields is essential.

Certifications & Memberships:

• Attendance in a management course lasting no less than four (4) weeks from a recognized institution.
• ICIFA membership is an added advantage.
• Registration with a relevant professional body/society where applicable is highly desirable.

Skills & Competencies:

• Proficiency in computer applications, including standard office software.
• Strong leadership skills with a demonstrated ability to manage and motivate teams.
• Strategic management, problem-solving, and conflict management skills.
• Excellent communication, interpersonal, and organizational skills.
• Ability to effectively negotiate, collaborate, and build relationships.
• Strong analytical and critical thinking skills.

Behavioral Competencies:

• Ability to work under pressure and handle complex compliance issues.
• Strategic thinking and the ability to make decisions that align with ICIFA’s long-term objectives.
• Familiarity with statistical software for data entry, analysis, and reporting.

Compliance Requirements:

• Must meet the requirements outlined in Chapter 6 of the Constitution of Kenya for leadership roles.

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Company Culture and Values:

At ICIFA, we believe in nurturing a culture of excellence, integrity, and innovation. Our mission is to promote professionalism among our members while advocating for the highest standards within the investment and financial sectors. ICIFA values transparency, ethical conduct, and collaboration across all levels of the organization, encouraging employees to contribute ideas and drive meaningful change. We are committed to creating an inclusive and empowering environment where professionals can thrive.

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Apply Now For Principal Compliance Officer:

ICIFA invites applications for the Principal Compliance Officer position. If you possess the necessary qualifications and experience, and you are passionate about contributing to the advancement of the financial and investment sectors in Kenya, we encourage you to apply.

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Please submit your application, which should include a scanned copy of your academic and professional certificates, testimonials, updated CV, and cover letter, all in PDF format, to the following email address: hr@icifa.co.ke. The deadline for applications is Friday, 13th December 2024 at 5:00 p.m.

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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. Canvassing will lead to disqualification.

Apply Now for this exciting opportunity!

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