Kimisitu DT Sacco Hiring Risk And Compliance Officer

Job purpose
Reporting to the Senior Legal Officer, the Officer is responsible for providing business support and oversight to the enterprise-wide risk management (ERM) strategy and framework that effectively
translates the risk appetite framework into informed decision-making practices to support SACCO
business model and strategic plan.

Key Duties & Responsibilities:

• Managing the implementation of all aspects of the risk function, including implementation of
  processes, tools and systems to identify, assess, measure, manage and report risks.
• Identifying, assessing and monitoring risk on an ongoing firm-wide and individual entity basis
  and support in the implementation of internal controls which are effective in design and operation.
• Undertaking quality control reviews for the business units to ensure consistent implementation of policies and processes across all business units and identifying any gaps, challenges and improvement measures.
• Providing consolidated reporting, inclusive of an overall risk profile, ensuring that major risks are identified and reported to the Audit and Risk Management Committee on risk hotspots, measures and recommendations.
• Assisting in the development and managing processes to identify and evaluate business areas’ risks and risk and control self-assessments.
• Managing the process of developing risk policies and procedures, risk limits and approval authorities.
• Presenting to the management monthly & quarterly risk & compliance reports
• Ensuring that new policies and procedures & amendments of existing ones are verified and analyzed for risk mitigation.
• Conducting feasibility studies for new business distribution channels.
• Reporting on the Implementation matrix of Supervisory Committee, External Auditors and Internal Auditor Reports
• Implementing and managing the risk and control assessment reporting process as well as manage and maintaining management reports, follow up of issues identified for conclusive resolution
• Establishing systems, policies and procedures to identify, control, manage and measure enterprise-wide risks of the business
• Improving risk management readiness and creating an institutional culture that places high priority on effective risk management and adherence to sound operating controls at all levels through communication, training programs and risk-based performance measures
• Identification and mitigation of Cyber Security and other emerging risks
• Advising the Management and all staff in liaison with the Senior Legal Officer on emerging compliance issues, consulting and guiding the Sacco in the establishment of controls to mitigate risks.
• Reviewing and advising the management on risk associated with new products, processes, credit application and other internal processes
• Management and reporting of incidences as well as disaster recovery to ensure business continuity
• Risk assessment, monitoring and updating of risk registers
• Ensuring compliance with AML, SASRA, UFAA, Data protection and other emerging statutory and regulatory requirements in liaison with the Senior Legal Officer
• Ensuring the implementation of recommendations from internal & external audit while enforcing internal controls across the organization