Compliance Officer at Tracom

Tracom Services Ltd, a leading technology company which specializes in offering secure payment solutions is seeking to recruit a Compliance Officer to work in its Nairobi office. Suitable candidates are encouraged to review the Job Description below and make their application for consideration to join a team of enthusiastic and innovative staff who are behind the company’s marked success.

Responsibilities

• Reviews and updates the existing database of Standard Operating Procedures (SOPs); and propose amendments to strengthen the current operational environment
• Monitor the implementation of the risk assessment framework through the development of a risk-based Compliance monitoring system;
• Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required;
• Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies;
• Evaluate the efficiency of controls and improve them continuously;
• Advice and make recommendations to the Board of Directors on appropriate strategies to strengthen controls and mitigate potential risks for adequate compliance to rules and regulations and good governance of the organization;
• Develop a strong culture of compliance awareness and ensure a consistent approach across the different units as well as disseminate information on compliance initiatives;
• Conduct risk assessments on the different processes, which will involve identifying, describing and profiling the risks affecting the organization as well as evaluating the identified risks against the organization’s risk appetite;
• Ensure that risk and compliance management policies and strategies comply with applicable regulations and the strategic requirements of the organization;
• Liaise with departmental/unit heads in ensuring completion and monitoring of quality risk registers; creating a viable control environment and supporting the enhancement of internal controls;
• Assess the business’s future ventures to identify possible compliance risks;
• Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control;
• Handle corporate governance involving external risk reporting to stakeholders;
• Provide monthly risk and compliance report to the Board of Directors
• Seek to identify, understand and escalate the risk events/incidents/ issues on a timely basis focusing on fixing root-causes and taking ownership of identified mitigating actions;

Qualifications

• Bachelor’s degree in a business course, Information Technology, economics, mathematics or related fields
• Minimum of two years’ experience in same or similar position. Having worked in financial services sector will be an added advantage
• Certified Information Systems Auditor (CISA) or Certified Information Security Manager (CISM) certification. IT security and risk certifications e.g. CISSP, CRISC, CEH, will be an added advantage.
• Certified Anti- Money laundering specialist will be an added
• A business acumen partnered with a dedication to legality Methodical and diligent with outstanding planning abilities
• An analytical mind able to “see” the complexities of procedures and regulations
• Excellent communication skills
• Knowledge of Risk Management and Compliance practices;
• Sound judgement in dealing with delicate and confidential information; Able to train and motivate staff in Compliance and Risk Management tasks;