Manager, Risk and Compliance

Job Purpose

The position has the key responsibility to identify, evaluate, monitor, and control or mitigate all
risks unique to the bank both present and emerging. The position also requires the holder to
ensure the institution fully complies with the regulator (Central Bank of Kenya), industry, and legal
regulations in its day-to-day operations.

Key Duties and Responsibilities

• Identify and assess the compliance risks associated with the bank’s current and
  proposed future business activities, including new products and new business
  relationships.
• Conduct Risk Assessments and develop key risk indicators for monitoring and
  reporting.
• Stress testing of the various key risks facing the bank.
• Conduct internal AML and KYC trainings as provided by CBK prudential guidelines.
• Coordinate and provide training programs related to specific risk management
  processes and assess the operational effectiveness.
• Review transactions to ensure that high-value transactions are identified and
  appropriately reported to the regulator.
• Monitor client financial activities to ensure they are legal and in compliance with
  internal and external bank policies.
• Prepare reports regularly to senior management to keep them updated on the
  progress of compliance operations.
• Organize compliance programs to educate bank staff on recent and already
  existing compliance requirements.
• To coordinate department heads on updating the risk register and tracking closure
  of action plans.
• Develop an operational risk database and update compliance reports periodically
  to maintain the agreed benchmarks.
• Escalation of overdue recommendations to Executive Management and review
  reports for monitoring risk of the Banks as may be required.
• Champion the integration of risk management into the strategy of the Bank
• Manage risk profile mapping to new products, processes, and procedures in
  compliance with company and regulatory policies.
• Oversee and implement tracking of audit recommendations, incident reports, and
  compliance recommendations and ensure that the recommendations have been
  implemented within the agreed time frame provided in the inter-departmental
  service level agreements..
• Perform any other duties that may be assigned from time to time.

Job Requirements and Experience

For appointment to this grade, a candidate must have:

• Bachelor’s degree in Business, Economics, Actuarial Science, Law, or any other related
  discipline from a recognized institution.
• Master’s degree is an added advantage.
• Eight (8) years of experience in a financial institution, four (4) of which were in a
  managerial capacity within the risk and /or compliance function
• Professional certification in Risk Management or Compliance or any relevant professional
  qualification(s) e.g. ACCA, CPA(K), CIA, CISA
• Knowledge of the Kenya Financial Services Industry and regulatory framework
• Sound understanding of Enterprise Risk and Compliance Management Principles and
  Philosophies
• Anti-Money Laundering Professional Qualification (ACAMS)
• Membership to a relevant professional body in good standing
• A management course/training from a recognized institution
• Fulfill the requirements of chapter six of the constitution

To Apply

Interested and suitably qualified individuals should forward hard copies of their applications,
enclosing copies of their academic and professional certificates, detailed CV indicating work
experience, contacts, and addresses of 3 professionally relevant referees by close of business on
20th September 2024. Use the email recruitment@devbank.com. Only shortlisted candidates will
be contacted.