Job Title:     Risk
and Compliance Manager

Reports to:   Board
of Directors & Dotted Line to CEO & Principal Officer

Location:      Nairobi, Kenya.

JOB PURPOSE

Key Responsibilities:

• Planning, designing and implementing an overall risk management
  process for the organization
  
• Risk assessment, which involves analyzing risks as well as
  identifying, describing and estimating the risks affecting the business
  
• Establish
  systems, policies and procedures to identify, control, manage and measure
  enterprise-wide risks of the company
  
• Ensure
  that enterprise-wide risk management policies, controls and procedures, are
  effectively implemented, disseminated and complied with      across the business.
  
• Improve
  risk management readiness and create an organizational culture that places high
  priority on effective risk management and adherence to sound operating controls
  at all levels through communication, training programs and risk-based
  performance measurements
  
• Develop
  Insurance wide Risk monitoring tools, risk register and rating of risks, Assist
  in institutionalization of self-assessments in line with IRA regulations and
  best practice.
  
• Risk reporting in an appropriate way for different audiences, for
  example, to the board of directors so they understand the most significant
  risks, to business heads to ensure they are aware of risks relevant to their
  parts of the business and to individuals to understand their accountability for
  individual risks
  
• Advise the Board of Directors, Senior Management and
  all staff of emerging compliance issues and consults and guides the insurance
  in the establishment of controls to mitigate risks.
  
• Oversee the monitoring of compliance to policies and
  procedures and ensure corrective action is taken where there are deviations to
  minimize exposure.
  
• Oversee
  the monitoring of compliance to policies, rules and procedures
  
• Ensure
  the development of a culture where risk is managed effectively and consistently
  across the business
  
• Ongoing
  monitoring and review of the management of risk across the insurance business
  operations and ensure that the policy framework and its implementation remain
  relevant and adds value to the insurance as a whole.
  
• Evaluate
  the effectiveness and efficiency of the Risk management tools across the
  organization and ensure corrective action is taken.
  
• Contact
  person between the company and IRA in regard to all competence matters.
  
  

Requirements

• Bachelor of Commerce in Insurance or Business-related
  degree
  
• At least five (5) years’ experience in the insurance
  sector with at least 2 years at a managerial level
  
• A minimum of five (5) years’ experience in risk or
  audit responsibilities preferably in the financial services industry.
  
• Professional qualification in insurance or accounting
  plus relevant qualifications in risk management
  
• Membership in a professional body.
  
• Training experience required:
  Risk Management