Risk & Compliance Officer

COMPANY INFORMATION

Our client is a leading financial services institution operating within Kenyas capital markets sector. The organization provides investment banking corporate finance securities trading wealth management and advisory services to institutional and individual clients.

The organization is committed to maintaining the highest standards of governance regulatory compliance and ethical business conduct while delivering innovative financial solutions that support sustainable business growth. Through strong partnerships with regulators investors and clients the organization continues to strengthen its position as a trusted participant within Kenyas financial services industry.

The organization is seeking to appoint a commercially minded Risk & Compliance Officer who will strengthen its enterprise risk management framework maintain regulatory compliance and support sustainable business growth through practical and business-focused risk advisory.

ROLE PURPOSE

The Risk & Compliance Officer will be responsible for managing the organisations regulatory compliance and enterprise risk management frameworks. The role will ensure compliance with the Capital Markets Act Capital Markets Authority (CMA) regulations Nairobi Securities Exchange (NSE) Rules Central Depository & Settlement Corporation (CDSC) requirements POCAMLA the Data Protection Act and other applicable legislation.

The Risk & Compliance Officer will provide practical risk and compliance advice that enables business growth while protecting the organization from regulatory operational financial and reputational risk. The role holder will work closely with business leaders to ensure regulatory requirements are incorporated into business processes new products and strategic initiatives from the outset.

The successful candidate will promote a strong culture of governance strengthen internal controls and support sound decision making through proactive risk identification compliance monitoring and continuous improvement of the organisations control environment.

DUTIES AND RESPONSIBILITIES

Regulatory Compliance & Regulatory Engagement

• Ensure the organization complies with all applicable regulatory requirements including the Capital Markets Act CMA Regulations NSE Rules CDSC requirements POCAMLA AML/CFT legislation and the Data Protection Act.
  

• Act as the primary liaison between the organization and regulatory authorities during inspections licensing activities statutory submissions audits and regulatory correspondence.
  

• Monitor regulatory developments and advise management on legislative changes that may affect the organisations operations products and strategic initiatives.
  

• Prepare review and submit statutory returns regulatory reports and disclosures within prescribed timelines.
  

• Maintain accurate compliance registers regulatory records and documentation to support internal and external audits.
  

Enterprise Risk Management

• Develop implement and continuously improve the organisations enterprise risk management framework.
  

• Identify assess monitor and report operational regulatory financial market and reputational risks across all business functions.
  

• Conduct risk assessments for new products services business initiatives and strategic projects before implementation.
  

• Recommend practical risk mitigation strategies that support commercial objectives while maintaining an appropriate risk appetite.
  

• Monitor key risk indicators and recommend corrective action where risk exposure exceeds approved thresholds.
  

Compliance Monitoring & Internal Controls

• Develop and implement the annual compliance monitoring program across all business functions.
  

• Conduct compliance reviews covering AML/CFT Know Your Customer (KYC) market conduct conflicts of interest and regulatory obligations.
  

• Investigate compliance breaches determine root causes recommend corrective actions and monitor implementation.
  

• Review and strengthen internal controls to improve governance operational effectiveness and regulatory compliance.
  

• Support internal and external audit engagements by providing accurate documentation and implementing agreed recommendations.
  

Governance Advisory & Reporting

• Prepare periodic risk and compliance reports for Executive Management Board Committees and regulatory authorities.
  

• Present risk exposures compliance trends and emerging regulatory developments to senior management.
  

• Provide commercially practical compliance advice to business leaders during product development transaction reviews and strategic initiatives.
  

• Support the development review and implementation of organizational policies procedures and governance frameworks.
  

• Participate in governance committees and contribute to the continuous improvement of organizational risk management practices.
  

Training & Risk Awareness

• Develop and deliver compliance and risk awareness programs across the organization.
  

• Facilitate induction and refresher training on regulatory compliance AML/CFT requirements ethical conduct and governance.
  

• Promote a proactive risk culture by increasing awareness of regulatory obligations and organizational policies.
  

• Support business leaders in embedding risk management and compliance responsibilities within their respective teams.
  

MEASURABLE OUTCOME

• Achieve 100% on-time submission of all statutory returns and regulatory reports.
  

• Maintain compliance with all applicable regulatory requirements and minimize regulatory findings penalties or sanctions.
  

• Complete the annual compliance monitoring program within approved timelines.
  

• Maintain current enterprise risk registers and key risk indicators across all business functions.
  

• Improve the effectiveness of internal controls through timely implementation of agreed corrective actions.
  

• Deliver accurate and timely risk and compliance reports to Executive Management and Board Committees.
  

• Complete enterprise risk assessments for all new products strategic initiatives and material business changes before implementation.
  

• Deliver annual compliance and risk awareness training to all relevant employees.
  

KEY COMPETENCIES

• Regulatory Compliance
  

• Risk Management
  

• Commercial Acumen
  

• Analytical Decision Making
  

• Stakeholder Management
  

• Governance & Controls
  

QUALIFICATIONS & EXPERIENCE

• Bachelors degree in Law Finance Business Administration Economics Risk Management Accounting or a related discipline.
  

• CMA Compliance Certification or another CMA-recognised compliance qualification is mandatory.
  

• Professional qualifications such as ICA ACAMS CFA ACCA CPA (K) or FRM will be an added advantage.
  

• Minimum of 46 years experience in Risk and Compliance within an investment bank stockbroker fund manager investment adviser or another CMA-licensed financial institution.
  

• Strong working knowledge of the Capital Markets Act CMA Regulations NSE Rules CDSC requirements POCAMLA AML/CFT legislation and the Data Protection Act.
  

• Demonstrated experience managing regulatory relationships compliance monitoring programs statutory reporting and enterprise risk management frameworks.
  

• Experience developing internal controls governance frameworks and organizational policies.
  

• Strong analytical stakeholder management report writing and decision-making skills.
  

• Proficiency in Microsoft Office applications. Experience using Governance Risk and Compliance (GRC) systems will be an added advantage