Senior Manager, Finance Risk and Compliance in Risk and Compliance Division at Central Bank of Kenya

The Central Bank of Kenya is a public institution established under Article 231 of the Constitution of Kenya, 2010. The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency. Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of fin...

 

Senior Manager, Finance Risk and Compliance in Risk and Compliance Division

  • Job TypeFull Time
  • QualificationBA/BSc/HND , MBA/MSc/MA
  • Experience10 years
  • LocationNairobi
  • Job FieldFinance / Accounting / Audit 

Job Purpose

  • Senior Manager, Finance Risk & Compliance reporting to the Director, Finance is responsible for implementing Risk, Compliance and Business Continuity Management (BCM) frameworks within the Finance Department (including the Pension Secretariat) and ensuring compliance with relevant laws and regulations, standards and Bank policies.
  • The job holder will do this by managing and coordinating the efforts in assessing new, emerging or existing risks, measuring them, and advising on the required controls in conjunction with leadership in the Finance Department and in accordance with the Bank’s Risk, Compliance and BCM framework, policies, guidelines, and processes and internal controls.
  • This role works closely with the Risk Division for technical support where necessary.

Key Duties and Responsibilities

Strategic Responsibilities

  • Drive the implementation of risk, compliance and business continuity frameworks by developing or revising policies, procedures, systems within Finance Department in collaboration with division and section heads.
  • Champion any improvements that enhance the controls environment for Finance Department.
  • Monitor and report on the implementation of the departmental strategic initiatives in support of the wider Bank’s strategic plan.
  • Develop and implement initiatives and training to improve and enhance risk culture within the Finance Department.
  • Maintain working knowledge of relevant requirements including laws, regulations and CBK policies as they relate to Finance Department.
  • Provide thought leadership to improve the systems of the department and Bank in line with its vision.

Technical and Operational Responsibilities

  • Ensure Finance Department risk registers are in place, properly documented, updated regularly, signed off by Finance Department leadership and submitted to Risk Division in a timely manner.
  • Update, monitor and report on fulfilment of Service Level Agreements (SLAs), service charters and key risk indicators, ensuring within acceptable appetite and limits.
  • Custodian of all Finance Department Policies and ensure they are always up to date.
  • Follow up and support relevant teams in the closure of open GL items and aged items and provide guidance to ensure reconciliations are in compliance with set out guidelines.
  • Follow up for resolution of ERP process gaps and embedding of requisite/enhanced system controls.
  • Ensure adequate and timely closure of internal and external audit findings for Finance Department.
  • Provide insightful monthly risk reports including risk dashboards for multiple audiences including but not limited to Finance Department leadership, Bank Risk Management Committee, Management and Board.
  • Independent reviewer that assures on risks, incidents within Finance Department ensuring they are reported, appropriately evaluated, investigated, and resolved and assures compliance within Finance Department is maintained.
  • Prepare and report project risk register for any Finance Department owned or related projects.
  • Liaison with the Internal Audit and Risk Department.

Other Responsibilities

  • Mentor, coach and mobilize the staff in the section to achieve planned departmental objectives.
  • Oversee training of new staff in the Division on work procedures and company policies to ensure effective client service.
  • Champion initiatives towards enhancement of the IT Systems and processes.
  •  Any other assignment, duty and/or responsibility that may be allocated from time to time.

Qualifications

  • Bachelor’s degree in Commerce, Finance, Accounting, Business Administration, B.A/ BSC Business/ Economics/Mathematics or related discipline from a reputable university.
  • Master’s in Business Administration (MBA) in Finance/Accounting or Strategic Management is an added advantage.
  • Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent.
  • Compliance and Risk Certifications will be an added advantage.
  • Member of the Institute of Accountants (ICPAK), IIA or relevant body in good standing.

Work Experience

  • Minimum ten (10) years post qualification experience with at least five (5) years in middle level management capacity.

Check how your CV aligns with this job

Method of Application

Interested and qualified? Go to Central Bank of Kenya on careers.centralbank.go.ke to apply

Comments

Post a Comment

Popular posts from this blog

Customer Support Representative at BasiGo

BasiGo is an e-mobility start-up looking to revolutionize the public transportation sector by providing public transport bus owners with a cost-effective electric alternative to diesel. Headquartered in Nairobi, Kenya, our team is strategically composed of seasoned entrepreneurs who have spent over a decade working and innovating within electric vehicle t...   Customer Support Representative Job Type Full Time Qualification BA/BSc/HND , Diploma Experience Location Nairobi Job Field Customer Care  About the role:  We are looking for Customer Support Representatives (CSR) to assist our customers with technical problems when using our products and services. You will be the primary point of contact for our customers and coordinate with all BasiGo departments to ensure that issues are resolved within SLA and customers are communicated promptly.  To be successful in this role, you should be an excellent communicator who easily gains client trust. You should ...
Read more

Direct Sales Representative - Coast Region at KCB Bank Kenya

Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya - incorporated with effect from January 1, 2016 - and all KCB's regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It als...   Direct Sales Representative - Coast Region Job Type Full Time Qualification BA/BSc/HND Experience 2 years Location Nairobi Job Field Sales / Marketing / Retail / Business Development  KEY RESPONSIBILITIES Sourcing prospective customer leads from various sources, such as referrals, cross-selling opportunities, sales activations organized by the bank, or sales leads provided by the bank.     Explaining the features of the products to prospective customers in line with product features and Treating Customers Fairly Guidelines provided by the bank.     Guiding customers on how to fill in applications f...
Read more

Operations Customer Expert (Customer Service Representative) at Teleperformance Kenya

TP is a trusted partner to many of the world’s leading brands because our advanced business solutions help them deliver truly integrated, human-centric experiences while optimizing business processes and performance.   Operations Customer Expert (Customer Service Representative) Job Type Full Time , Onsite Qualification BA/BSc/HND , Diploma Experience 1 year Location Nairobi Job Field Customer Care  Responsibilities Maintaining a positive, friendly, empathetic, and professional attitude toward customers at all times. Responding promptly to customer inquiries via phone and through emails and chats. Communicating with customers through various channels. Acknowledging and resolving customer complaints. Knowing our products inside and out to enable you respond to customer inquiries efficiently. Keeping records of customer interactions, transactions, comments, and complaints. Communicating and coordinating with colleagues as necessary. Providing feedback on the ...
Read more