Risk & Compliance Officer Job Caritas MFB

Job Purpose

To ensure that the Bank’s overall Risk & Compliance framework, specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines, is acceptable and there is full compliance to the same within the bank. To also carry out risk assessments and advice on areas of improvement.

Responsibilities

• Participate in preparation of Annual Risk & Compliance Strategy for Board Audit & Risk committee (BARC) approval
• Review and maintain the bank’s Enterprise Risk Management (ERM) Framework and ensure that risks are identified, evaluated, treated, and monitored on a timely basis.
• Establish and implement a Stress testing framework that covers the major risks facing the bank.
• Participate in development, maintenance and updating the corporate risk register for the bank and regularly review the bank’s risk appetite statement.
• Conduct Risk assessments on all bank projects, units, products, and processes as per the risk management policies and procedures.
• Conduct reviews on all bank activities, processes, and units to ensure compliance with internal policies and procedures, regulations, and all relevant laws.
• Conduct daily transactions monitoring, compile, and report to relevant regulators on any over the limit and/or suspicious transactions.
• Conduct internal Risk management, AML, and KYC trainings to promote compliance awareness and improve the risk culture in the bank.
• Represent the risk and compliance function at various management and committee meetings as and when requested and advise on risk issues.
• Assist in preparation of Risk and Compliance reports and present to the BARC on Quarterly basis.
• To perform any other duties as assigned in line with the organizational goals and objectives

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Minimum Qualifications and Experience

• University degree in a business-related field or its equivalent.
• At least 5 years’ experience in Risk & Compliance within Banking or Financial Services Sector
• Postgraduate or professional risk management qualifications are desirable.
• A Certified Anti-Money Laundering Specialist qualification will be an added advantage.

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How To Apply

Interested candidates who meet the criteria above are encouraged to send their application letters and detailed CVs to: Email: recruitment@caritas-mfb.co.ke Kindly indicate the position title on the subject line when applying Closing date for application: 9th April 2025

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