Risk & Compliance Officer at KCB Bank Kenya

The Risk and Compliance Manager will be responsible for establishing, implementing and enforcing a robust Risk Management Framework. The job holder will create and maintain a sound risk and internal control environment within the agreed risk appetite policy. The Risk and Compliance Manager will identify, develop, and implement company policies and procedures. He/she will be responsible for the execution of Risk Management strategies that assist the Company’s realization of business objectives and continual development.

Key Responsibilities

• Design the KBIL risk management strategy, aligning all risk management and associated internal control activities to support achievement of business objectives.
• Develop, assess and implement company policies and procedures by evaluating compliance systems and ensuring adequate processes and procedures are in place.
• Perform periodic audits to assess the efficiency of compliance control systems by reviewing procedures, identifying risks, and ensuring policy enforcement.
• Manage control activities and reporting of the subsidiary, including the monitoring, and reporting of progress against corrective action plans that address control deficiencies/findings identified by management risk and control self-assessment or internal/external audit activities.
• Preparation of monthly and quarterly Risk reports for; the KBIL management, Subsidiary Board and Group Risk Board levels.
• Drive risk awareness culture through best practice and training to staff to build risk awareness within the organisation.
• Ensure compliance with regulatory obligations whilst taking a commercial and practical approach to risk-based challenges and offer appropriate solutions.
• Create an integrated compliance management system that includes compliance tools, processes, controls, documentation, and other functions.
• Facilitate the integration of risk management policy and strategy into all department’s strategies and activities.
• Implement AML/KYC compliance and Fraud management directives. 

The Person

For the above position, the successful applicant should have the following:

• Bachelor's degree in a business-related field
• Professional qualification in risk management and/or operations management
• Certificate of Proficiency or Diploma in Insurance
• At least 5 years' experience in insurance operations
• Capability to assess risk and control, highlight deficiencies and recommend improveme