Vacancies at Co-operative Bank of Kenya

Job Purpose:
The Sacco Chief Executive Officer is responsible for providing strategic leadership, overseeing daily operations, ensuring financial sustainability, marketing and driving growth in line with the Sacco’s mission and objectives. 

Sacco Chief Executive Officer reports to the Sacco Board of Directors and works closely with stakeholders to enhance member value, operational efficiency, regulatory compliance, and strategic marketing initiatives to ensure growth.

Roles & Responsibilities:

• Implement Board-approved policies, strategies, and resolutions.
• Ensure compliance with SASRA, Cooperative Societies Act, and other applicable laws.
• Oversee financial management, budgeting, and prudent use of resources.
• Strengthen risk management, internal controls, and governance structures.
• Lead, motivate, and manage staff performance and development.
• Enhance member growth, product development, and service delivery.
• Represent the Sacco in engagements with regulators, partners, and stakeholders.
• Prepare and present accurate management and statutory reports to the Board.

Minimum qualifications:

• Bachelor’s Degree in: Business Administration, Commerce, Finance, Accounting, Economics, Cooperative Management, or a related field from a recognized institution
• A master’s degree (MBA or related) will be an added advantage.
• Professional qualification and membership in a recognized body such as 
• CPA (K), IHRM, or equivalent
• At least 10 years relevant work experience, with a minimum of 5 years in senior management or executive leadership, preferably within 
• Sacco’s, financial institutions, microfinance, or banking sector

Key Skills and Competencies:

• Proficient in Microsoft Office suite skills.
• Training in leadership and management skills; ability to facilitate the development and implementation of strategic plans, visionary thinking, and the capacity to drive organizational growth and proven ability to adapt to changing market conditions.
• People Management & Organizational Development.
• Digital & Technological Competence.
• Business Growth & Innovation.
• Marketing & Communications: Proven ability to develop and execute marketing strategies that attract new members and retain existing ones.
• Financial & Risk Management.
• Excellent Customer Service to ensure strong commitment to member service and satisfaction.

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Job Purpose:
The Sacco Bancassurance Officer is responsible to provide a crucial role in bridging cooperative financial services with insurance solutions.

Roles & Responsibilities:

• Market and sell insurance products to Sacco members in collaboration with partner insurance companies.
• Educate members and staff on available insurance products and benefits.
• Source new insurance business and grow the Sacco’s insurance portfolio.
• Handle insurance documentation, policy issuance, renewals, and endorsements.
• Assist members in claims processing and follow-up to ensure timely settlement.
• Maintain accurate records of insurance sales, premiums, and commissions.
• Ensure compliance with Insurance Regulatory Authority (IRA) guidelines and Sacco policies.
• Prepare periodic performance reports on bancassurance activities.
• Build and maintain strong relationships with insurance partners and Sacco members.
• Promote a culture of accountability, integrity, and continuous improvement within the Sacco.

Minimum qualifications:

• Bachelor’s degree in business administration, Finance, Insurance, Marketing, or a related field.
• A diploma in insurance should be an added advantage. 
• Professional qualification in insurance (ACII, AIIK, or COP) is a MUST.
• At least two years’ experience in bancassurance, insurance sales, or financial services.
• Valid IRA certification/licensing will be an added advantage.
• Strong sales, marketing, and negotiation skills.
• Excellent communication and customer service skills.
• High level of integrity, professionalism, and attention to detail.
• Computer literacy and familiarity with core banking systems is desirable.

Key Skills and Competencies:

• Proven ability to conduct risk-based audits and internal control reviews.
• High level of integrity, independence, and ethical conduct.
• Excellent analytical, report-writing, and presentation skills.
• Good understanding of ICT systems and automated SACCO environments.
• Strong interpersonal, relation management and communication skills.
• Result-oriented and self-motivated.
• Ability to work independently and under minimal supervision.
• Good analytical and reporting skills.
• Sound financial management and analytical skills.
• Proven people management and organizational leadership skills

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Job Purpose:
The Sacco Risk and Internal Auditor is responsible to provide independent assurance that an organization risk management, governance, and internal control processes are operating effectively.

Roles & Responsibilities:

• Develop and implement a risk-based internal audit strategy and annual audit plan approved by the Sacco Board Audit Committee.
• Conduct independent, objective, and risk-based audits covering financial, operational, ICT, credit, and compliance areas.
• Evaluate the adequacy and effectiveness of internal controls, governance, and risk management systems.
• Review compliance with the Sacco Societies Act, SASRA Regulations, policies, and procedures.
• Assess and advise management and the Board on the Sacco’s risk management framework and emerging risks.
• Investigate suspected fraud, irregularities, or breaches and recommend corrective action.
• Prepare clear and timely audit reports and follow up on implementation of audit recommendations.
• Liaise with external auditors, regulators, and the Supervisory/Audit Committee as required.
• Promote a culture of accountability, integrity, and continuous improvement within the Sacco.

Minimum qualifications:

• Bachelor’s degree in accounting, Finance, Business Administration, Auditing, or a related field from a recognized institution.
• CPA (K) – must be a fully qualified accountant in accordance with the Accountants Act, and a member in good standing of ICPAK or a recognized equivalent body.
• Minimum of 3–5 years’ relevant experience in internal audit, risk management, compliance, or assurance, preferably within a Sacco, financial institution, or audit firm.
• Professional certification such as Certified Internal Auditor (CIA), CISA, or risk management qualifications.
• Membership with the Institute of Internal Auditors (IIA).

Key Skills and Competencies:

• Strong knowledge of SASRA Regulations, Sacco Societies Act, and prudential guidelines.
• Proven ability to conduct risk-based audits and internal control reviews.
• High level of integrity, independence, and ethical conduct.
• Excellent analytical, report-writing, and presentation skills.
• Good understanding of ICT systems and automated SACCO environments.
• Strong interpersonal and communication skills.