Senior Risk & Compliance Officer at Nairobi Securities Exchange

Overall Purpose

This role will have an overall responsibility of managing the Corporate Enterprise Risk Management Framework.
Additionally, the individual will have the responsibility of ensuring that all operations and activities of the NSE and its staff are in compliance with all relevant laws, regulations and internal policies and procedures. This position is in the Legal & Corporate Affairs Division.

Key Duties and Responsibilities

To oversee the implementation and operationalization of the Risk Management Framework as well as identify and assess the risk elements facing the Exchange.
1. To embed and communicate the Exchange’s overall approach to operational risk management and to standardize the operational risk management process in the NSE and encourage improvement of risk management in NSE and create a risk sensitive framework to align capital more closely with underlying risks.
2. To put in place systems and checks that assist functional areas to monitor and manage risk and ensure that risks are contained within the risk tolerance levels.
3. To review risk management policies, procedures and controls & establish and implement an integrated framework for measuring and monitoring all aspects of risk across the Exchange.
4. To develop and maintain a risk template for data collection and to facilitate and oversee the implementation of the process of capturing risk data organization wide; and to collate and analyse the data collected for the purpose of establishing statistical trends and establishing risk capital requirements.
5. To create awareness & educate all staff on operational risk management thereby creating a strong culture of sound operational risk management.
6. To monitor compliance with all laws, regulations and statutory provisions applicable to the Exchange and prepare reports on the same for Management and Board consideration and follow up with relevant functions for adherence and remedial action in the event of a breach.
7. To develop and evaluate the self-testing compliance plans and results in conjunction with business and functional management teams.
8. To maintain on a regular basis a comprehensive compliance matrix
9. To perform on-going validations of the work performed by the various functional areas as relates to the Compliance Self-Assessment Program and the matrix to ensure compliance with business policies and adequacy of procedures.
10. To document, track and ensure implementation of all internal and external audit concerns raised by both internal and external auditors on compliance and risk management.
11. To perform any other duties as may be assigned from time to time.

Minimum qualifications and desired skills

(i) Bachelor’s degree in Economics, Finance, Law, Regulation, Compliance or Actuarial Science/Mathematics.
(ii) Relevant Professional training/certifications in Risk Management & Compliance.
(iii) Minimum four (4) years’ experience in Compliance and Risk Management gained from the financial services industry or from a big audit firm. Experience in the capital markets will be an added advantage.
(iv) Knowledge, experience and exposure to Capital Markets Laws, Regulations, Rules & Guidelines.
(v) Certification in Financial Modelling courses and Governance Auditing will be an added advantage.

Key Competencies

(i) A positive attitude and proper interpersonal skills coupled with good planning and organization skills.
(ii) Analytical skills, attention for detail and the ability to understand broad business issues.
(iii) Problem-solving and decision-making abilities.
(iv) Good communication and presentation skills.
(v) Ability to maintain confidentiality of privileged information and to ensure absolute discretion and sensitivity to confidential matters;
(vi) Ability to work collaboratively with a broad range of constituencies and diverse groups of people.