Risk and Compliance Associate at Strathmore University

Basic Job Summary:

• The jobholder is responsible for supporting in conducting compliance reviews on the implementation and operational effectiveness of the risk management policies in the University, analysing areas of potential risk, and making appropriate recommendations.

Duties & Responsibilities:

Risk Management practices Assessment

• Implement compliance risk management plans and advise managers on the practical application of relevant regulatory requirements.
• Support in maintaining an University-wide and aggregated view on the risk profile of the University including assisting with development of risk appetite and risk appetite reporting.
• Coordinate with departmental heads on updating the risk register and tracking closure of action plans
• Monitor control mechanisms implemented as part of the risk management process and assess the operational effectiveness.

Compliance Monitoring and Enforcement

• Implement compliance risk management plans and advise managers on the practical application of relevant regulatory requirements.
• Monitor compliance with relevant laws, regulations, university policies, and accreditation standards.
• Investigate potential non-compliance issues and take appropriate action.
• Conduct and document compliance risk assessment for each function in the business unit to ascertain compliance with risk management policy, standard operating procedures, and set guidelines.

Policy Development, Review and Implementation

• Develop and implement risk management and compliance policies and procedures.
• Ensure that policies are clear, accessible, and effectively communicated to the university community.

Training and Communication

• Coordinate and provide training programs related to specific risk management areas as required and guide users where necessary
• Provide training and education to faculty, staff, and students on risk management and compliance matters
• Communicate updates on regulatory changes and best practices

Reporting

• Prepare reports on risk and compliance activities for university leadership and relevant stakeholders.
• Support internal and external audits.

Operational Responsibility

• Recommendation on continuous improvement opportunities in arising from the risk and compliance process

Minimum Academic Qualifications:

• Bachelor's degree in a relevant field (e.g., law, risk management, business administration)

Professional Qualifications:

• Professional Qualifications in either ICIFA/CISA/CISI/CRM, CISM, CPA

Work Experience:

• Minimum of 1-3 years’ experience.