Job Purpose

To ensure that the Banks risk and compliance framework is acceptance and in full compliance within the Bank. This includes carrying out risk assessments and advice on areas of improvement.

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 process 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;
• Implementation of compliance programs designed to educate bank staff on new regulations;
• Prepare reports on a regular basis to senior management to keep them updated on progress of compliance operations
• Organize compliance programs to educate bank staff on recent and already existing compliance requirements;
• Develop an operational risk database and update compliance reports periodically to maintain the agreed benchmarks
• 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 agreed time frame provided in the inter–departmental service level agreements;
• Perform any other duties that may be assigned from time to time.

Qualifications, Skills and Experience for Appointment

• Bachelor’s degree in Business, Economics, Actuarial Science, Law or any other related discipline from a recognized institution
• Master’s degree in Business Administration, Commerce from a recognized institution will be an added advantage.
• Five (5) years’ experience in a financial institution, four (4) of which were in a managerial capacity within 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
• Management courses or programs from recognized institutions;
• Anti–Money Laundering Professional Qualification (ACAMS)
• Membership to a relevant professional body in good standing
• Fulfill the requirements of chapter six of the constitution

Job Purpose

This position is responsible for Legal Advisory, Litigation & Conveyancing Management and ensuring compliance with statutory and regulatory requirements. The position provides high quality legal advisory to enable effective management of the Banks investments, legal risks; advising on matters regarding Banking, Corporate and Commercial law, Investments and real estate; including the interpretation, impact and effect of the relevant laws that govern these areas of business.

Duties and Responsibilities;

• Vet and manage legal issues arising and provide legal opinions on the legal issues, risk and regulatory compliance.
• Ensuring that best practices and developments in legislation, regulations and guidelines are complied with and that all activities comply with applicable laws, rules and regulations
• Correct execution of facility letters, guarantees, contracts, agreements, charges, debentures, chattels mortgages, discharges and all security documents and legal documents related in the Banks business.
• Provide legal support in research on developments in law and maintenance of a legal Library for reference.
• Drafting and reviewing Contracts, Agreements on new products, security documents and other relevant documents issue
• Liaising with the Bank’s legal service providers and ensuring external legal activities and engagements are coordinated effectively.
• Issue of statutory notices for purposes of debt recovery on defaulted facilities.
• Ensure proper and accurate lodgment and release of security documents received, in manual registers within stipulated time frame and maintenance of proper records
• Perform any other duties that may be assigned from time to time.

Qualifications, Skills and Experience for Appointment

• A minimum of Eight (8) years and at least four (4) experience in supervisory role in the Public or Private Sector;
• Bachelor of Laws degree from a recognized institution;
• Masters Degree in any Law or equivalent qualifications from a recognized institution will be an added advantage;
• Postgraduate Diploma in Law from the Kenya School of Law;
• Management courses or programs from recognized institutions;
• Admitted as an advocate of the High Court Kenya;
• Hold a valid practicing certificate;
• Member of the Law Society of Kenya;
• Proficiency in computer applications;
• Show merit and ability as reflected in work performance and results; and
• Fulfil the requirements of Chapter Six of the Constitution.