| JOB NAME |
Manager, Risk and Compliance [Nairobi, Kenya]
POSTED BY: Development Bank of Kenya.
REF:DBKENYA 2003
Date Published:Tuesday, September 10, 2024
Date of Expiration:Sunday, March 9, 2025
RECOMMEND THIS JOB ON FACEBOOK
|
|
|
| LOCATION OF THIS JOB |
 Kenya | NAIROBI in Kenya |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
|
| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing date 20th September 2024.
Location; Nairobi, Kenya
JOB PURPOSE
1. The position has the key responsibility to identify, evaluate, monitor, and control or mitigate all risks unique to the bank both present and emerging.
2. The position also requires the holder to ensure the institution fully complies with the regulator (Central Bank of Kenya), industry, and legal regulations in its day-to-day operations.
KEY DUTIES AND RESPONSIBILITIES
1. Identify and assess the compliance risks associated with the bank’s current and
proposed future business activities, including new products and new business
relationships.
2. Conduct Risk Assessments and develop key risk indicators for monitoring and
reporting.
3. Stress testing of the various key risks facing the bank.
4. Conduct internal AML and KYC trainings as provided by CBK prudential guidelines.
5. Coordinate and provide training programs related to specific risk management
processes and assess the operational effectiveness.
6. Review transactions to ensure that high-value transactions are identified and
appropriately reported to the regulator.
7. Monitor client financial activities to ensure they are legal and in compliance with
internal and external bank policies.
8. Prepare reports regularly to senior management to keep them updated on the
progress of compliance operations.
9. Organize compliance programs to educate bank staff on recent and already
existing compliance requirements.
10. To coordinate department heads on updating the risk register and tracking closure
of action plans.
11. Develop an operational risk database and update compliance reports periodically
to maintain the agreed benchmarks.
12. Escalation of overdue recommendations to Executive Management and review
reports for monitoring risk of the Banks as may be required.
13. Champion the integration of risk management into the strategy of the Bank
14. Manage risk profile mapping to new products, processes, and procedures in
compliance with company and regulatory policies.
15. Oversee and implement tracking of audit recommendations, incident reports, and
compliance recommendations and ensure that the recommendations have been
implemented within the agreed time frame provided in the inter-departmental
service level agreements..
16. Perform any other duties that may be assigned from time to time.
|
| REQUIREMENTS FOR THIS JOB |
JOB REQUIREMENTS AND EXPERIENCE
For appointment to this grade, a candidate must have:
1. Bachelor’s degree in Business, Economics, Actuarial Science, Law, or any other related
discipline from a recognized institution.
2. Master’s degree is an added advantage.
3. Eight (8) years of experience in a financial institution, four (4) of which were in a
managerial capacity within the risk and /or compliance function
4. Professional certification in Risk Management or Compliance or any relevant professional
qualification(s) e.g. ACCA, CPA(K), CIA, CISA
5. Knowledge of the Kenya Financial Services Industry and regulatory framework
6. Sound understanding of Enterprise Risk and Compliance Management Principles and
Philosophies
7. Anti-Money Laundering Professional Qualification (ACAMS)
8. Membership to a relevant professional body in good standing
9. A management course/training from a recognized institution
10. Fulfill the requirements of chapter six of the constitution
TO APPLY
Interested and suitably qualified individuals should forward hard copies of their applications,
enclosing copies of their academic and professional certificates, detailed CV indicating work
experience, contacts, and addresses of 3 professionally relevant referees by close of business on
20th September 2024. Use the email recruitment@devbank.com. Only shortlisted candidates will
be contacted.
|
|
English 
FRENCH
