Jobs at Umba

Job Summary

• Umba is currently in search of an Accountant to join our team based in our Kilimani Office. In this role your job entails maintaining financial records, conducting analyses, ensuring tax compliance, supporting audits, budgeting, and financial reporting. This role requires a strong understanding of financial principles, attention to detail, proficiency in accounting software and MS Excel, and effective communication.

Responsibilities

• Financial Record-Keeping: Maintain accurate and up-to-date financial records for the organization, including ledger entries, accounts payable, and accounts receivable.
• Financial Reporting: Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements.
• Budget Management: Assist in the development, monitoring, and management of the company's budgets.
• Fixed Asset Register: Create and maintain a comprehensive and up-to-date register of the Company's assets.
• Tax Compliance: Ensure the organization complies with all relevant tax laws and regulations. Prepare and file tax returns accurately and on time.
• Audit Preparation: Prepare financial documents and records for both Internal and external audits and assist with audit processes as necessary.
• Financial Analysis: Provide financial analysis and recommendations to support business decision-making.
• Expense Tracking: Monitor and control expenses to ensure efficient use of company resources.
• Reconciliations: Reconciliation of bank statements and failed transactions both in the Core Banking System and the Accounting system
• Financial Software: Proficiently use accounting software and tools to manage financial data effectively.
• Compliance: Stay updated on accounting and financial regulations, and ensure the company's financial activities adhere to these regulations.

Qualifications:

• Education: A bachelor's degree in accounting, finance, or a related field. Professional certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA) may be required or preferred.
• Experience: 1 to 5 years
• Technical Skills: Proficiency in accounting software (e.g., QuickBooks, Microsoft Excel) and a strong understanding of Generally Accepted Accounting Principles (GAAP).
• Analytical Skills: Ability to analyze financial data, identify trends, and make data-driven recommendations.
• Attention to Detail: High level of accuracy and thoroughness in financial record-keeping and reporting.
• Communication: Strong written and verbal communication skills for presenting financial information and collaborating with colleagues and external parties.
• Integrity: A commitment to maintaining the highest level of ethics and confidentiality in handling financial data.

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Job Description

• Umba is currently in search of a Risk and Compliance Officer to join our team based in our Nairobi Office. In this role, the Risk and Compliance Officer will be responsible for developing, implementing, and overseeing risk management and compliance initiatives to ensure compliance with regulatory requirements and adherence to regulatory bodies.

Responsibilities

Compliance Oversight:

• Review the bank's existing policies, procedures, and guidelines to ensure compliance with laws and regulations in accordance with banking and Microfinance acts.
• Formulate, review, and implement risk policies, procedures, risk limits, and approval authorities.
• Periodically review and update risk management policies and procedures.

Law Enforcement Coordination:

• Coordinate with law enforcement agencies (e.g., CBK, KDIC, FRC, BFID) to ensure compliance and report any suspicious activity that may violate legal statutes or result in prosecution of the bank.
• Monitor transactions for signs of fraud or illicit activity and detect patterns requiring further investigation.

Interdepartmental Collaboration:

• Coordinate with internal departments (credit management, operations, finance and human Resource) to resolve issues or concerns identified during audits or investigations.
• Continuous monitoring of the Bank’s Compliance risk through periodic updates of key risk indicators.

Risk Management and Training:

• Undertake training for staff on inherent risks and controls within their processes.
• Monitor and report on the Bank’s operational risks, maintaining and periodically reviewing risk registers.
• Implement and manage the risk and control assessment reporting process.

Disaster Recovery and Business Continuity:

• Monitor the implementation of the Bank’s Disaster Recovery and Business Continuity Plans.
• Identify and monitor risks for all Bank projects, implementing risk and control assessment reporting processes.

Enterprise Risk Management:

• Prepare Annual Risk & Compliance Strategy for Board Audit & Risk committee (BARC) approval.
• Review and maintain the bank’s Enterprise Risk Management (ERM) Framework.
• Develop, maintain, and update the corporate risk register, regularly reviewing the bank’s risk appetite statement.

Compliance Assessment and Reporting:

• Conduct compliance and risk assessments for key business areas and new products/business changes.
• Develop, implement, and manage a Stress testing framework for major risks facing the bank.
• Prepare Risk and Compliance reports and present them to the BARC on a quarterly basis.

AML, KYC, and Internal Controls:

• Monitor adherence to compliance, Anti Money Laundering (AML), and Know Your Client (KYC) standards.
• Facilitate the documentation and review of departmental risk registers.
• Conduct internal control assessments and report on any identified weaknesses.
• Any other Adhoc duties assigned by your supervisor.

Skills and Qualifications

• Bachelor's degree in Law, Finance, IT, or a related field from a recognized institution.
• Risk Certification or an equivalent professional qualification is required.
• Membership in a professional body is an added advantage.
• A minimum of 3 to 5 years of relevant experience.
• Previous experience in the financial/banking industry is a plus.
• Demonstrated strong analytical and organizational skills.
• Personal attributes include integrity, dependability, initiative, results orientation, creativity, and strong interpersonal skills.
• Proficient in computer skills and familiar with a variety of computer applications.
• Capability to translate strategy into actionable plans for the function.
• Proficient in effective communication, both verbal and written.