Principal Officer, Risk at CPF Financial Services

Ref: CPF/POPM

Key duties and responsibilities:

• Coordinate 0perational and strategic risk assessments and conduct reviews on the implementation of risk mitigation action plans and prepare a summary report of findings for management.
• Prepare reporting on company wide risk summaries to be presented to the Senior Management and Board Audit Committee.
• Participate in the planning and design of an overall risk management process for the Group and ensure it is aligned to the strategic imperatives of the business to eliminate any risks.
• Participate in the development of risk management policies and protocols and make recommendations for implementing modifications and improvements for CPF operations.
• Plan and coordinate appropriate Risk Management awareness initiatives across the business to ensure risk appreciation and upscale the risk culture.
• Regularly revise CPF risk management policies to identify any changes and ensure they directly reflect in the organisation’s strategic plans.
• Facilitate timely risk assessment process through risk management experts or in-person and ensure it is done in the agreed timelines provided.
• Prepare templates and relevant documentation related to risk assessments and ensure the team is aligned to the documents and submit them for use and review by senior management.
• Identify and recognize the threats to the reputation of CPF, operational efficiency and financial stability of the organisation and recommend mitigation measures.
• Prepare and document risk analysis reports to various stakeholders such as board members, Csuite executives, and employees and ensure secure storage of the documents.
• Support in the preparation of risk related plans and recommend strategies to minimise and mitigate risks and also monitoring the progress of various projects running in CPF.
• Analyse metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover fraudulent behaviour within CPF or its subsidiaries.
• Coordinate the implementation of risk management solutions such as insurance, safety and security policies, business continuity plans, or recovery measures to manage any crisis.
• Support in the review of any new major contracts or internal business proposals to identify any area that may be a risk for CPF and make recommendations on mitigation measures required.
• Perform any other duties as may be assigned from time to time.

Knowledge, experience, and qualifications required

• Academic & Professional Qualifications/Memberships to professional bodies:
• Bachelor's’ Degree in Commerce, Finance, Business Administration, Actuarial Science or relevant field from a recognised institution
• Member of the Institute of Internal Auditors of Kenya/Institute of Certified Public Accountants of Kenya
• Professional certification on accounting/auditing
• Professional certification on Risk Management Assurance or its equivalent

Experience Required:

• At least 6 years relevant experience in a similar organisation or busy function