Compliance Officer at Sacco Societies Regulatory Authority (SASRA)

Role Summary

The job holder will be responsible for implementing prudential supervision framework in accordance with the Sacco Societies Act. Equally, the holder of the job will carry research and increase the body of knowledge of Sacco societies’ risk profile through financial analysis and investigative inspections and evaluation.

Key Responsibilities

• Assisting in assessment of license renewal applications as per the laid down procedures.
• Ensuring timely submission of regulatory returns and any adhoc reports by the SACCOs.
• Assisting to check completeness and accuracy of the regulatory returns.
• Assisting in basic analysis of the financial and related data from the regulatory returns to understand performance and compliance status of the assigned SACCOs.
• Understanding the prudential and market conduct regulatory framework in relation to performance of the Sacco societies.
• Assisting in the inspection of premises for new branches of SACCO societies in line with the regulations and guidelines and make appropriate recommendations.
• Assisting in assessing corporate approval requests (such as establishment of branches, agency business introduction of new loan products, initiation of shares drive among others) from SACCOs and making recommendations through the supervisors
• Assisting is updating the register of corporate approval requests and determinations thereof;
• Assist in updating data and information on financial, operation, management and governance profile of the SACCOs.
• Assisting in inspections and drafting of reports
• Drafting letters and other correspondence to the SACCOs
• Ensuring timely dispatch of information, general correspondences, and circulars to SACCOs assigned and confirming timely receipt by the SACCOs in line with the laid down policy.

Job Specifications

1. Bachelor’s degree in any of the following fields:- Finance, Economics/Statistics, Cooperative Management, Accounting, Business Administration/Management, Law, ICT or any other relevant qualification from recognized institution;
2. Demonstrate proficiency in relevant Computer Application; and
3. Certificate in Computer Application Skills; and

Other Mandatory Requirements

In addition to academic qualifications, experience and person specifications referred to herein above, all interested applicants must satisfy the requirements of Chapter Six of the Constitution of Kenya 2010 by providing the following documents:

1. Certificate of Good Conduct from the Directorate of Criminal Investigations.
2. Clearance Certificate from the Higher Education Loans Board.
3. Tax Compliance Certificate from the Kenya Revenue Authority.
4. Clearance from the Ethics and Anti-Corruption Commission.
5. Report from an Approved Credit Reference Bureau.

SASRA is an Equal Opportunity Employer (EOE) and is committed to diversity and gender equality.