Risk and Compliance Officer

Role Overview

The Risk & Compliance Officer helps the SACCO identify and manage risks across its operations, while supporting compliance with regulatory obligations, including AML, data protection, and business continuity requirements. Working with departments and the Risk and Compliance Manager, the officer assesses controls, follows up on mitigation actions, and gives decision-makers clear, timely information about emerging risks.

Key Responsibilities

• Contribute to the enterprise risk management strategy and maintain the framework, policies, and procedures used to gather and assess risk information.
• Conduct risk assessments across business and support functions, including reviews of proposed and existing products before implementation.
• Assess whether departmental and process-level controls are adequate, identify gaps, and track agreed remedial actions through to completion.
• Work with teams to identify, measure, mitigate, and monitor operational and financial risks; escalate relevant findings to the Risk and Compliance Manager.
• Coordinate AML, data protection, and other regulatory compliance activities, monitor changes in applicable requirements, and check that business units follow them.
• Support internal controls designed to prevent or detect compliance breaches, and identify, report, and follow up on suspicious transactions.
• Prepare monthly, quarterly, and ad hoc risk and compliance reports, and help deliver staff training on risk management, controls, and compliance.
• Maintain the business continuity programme, arrange regular testing and updates, and recommend improvements where weaknesses are found.

Requirements & Qualifications

• Bachelor’s degree in Finance, Accounting, Commerce with a Risk and Compliance focus, Actuarial Science, or a related discipline.
• At least three years of relevant experience in compliance, risk management, internal audit, or regulatory affairs.
• A risk-related certification or equivalent professional qualification; membership in a relevant professional body is an advantage.
• KCSE qualification of at least C Plain, including C Plain in English and Mathematics.
• Strong understanding of financial services, with sound analytical, organisational, and problem-solving abilities.
• Clear written and verbal communication skills, effective interpersonal skills, and the ability to work proactively with different teams.
• Integrity, dependability, initiative, creativity, and a focus on achieving results.
• Willingness to keep current with regulatory developments and knowledge of automation in risk management.