Equity Bank Limited (The “Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 – 00200 Nairobi

Job Purpose:

Our purpose is transforming lives, giving dignity, and expanding opportunities for wealth creation.

The Group Business and Functions Risk and Controls Management Specialist is responsible for developing and implementing a risk management strategy that aligns with business objectives. This role is pivotal in safeguarding the organization against potential threats and uncertainties, promoting a proactive approach to risk management, and ensuring business resilience.

Job Responsibilities:

• Develop and implement a comprehensive First Line risk management strategy aligned with strategic objectives.
• Create a process universe for the business functions and units maintain an up-to-date universe
• Identify and assess risks across various business functions and maintain an up-to-date risk register.
• Create a risk universe for the business functions and units and maintain an up-to-date control library, Key Risk Indicators (KRIs), Key Control Indicators (KCIs)
• Liaison with department heads to integrate risk management into business and functions processes and decision-making.
• Establish and maintain risk management policies, procedures, and frameworks within the business function.
• Conduct regular risk assessments to identify emerging risks and update risk profiles accordingly.
• Monitor and evaluate Inherent risks against controls, key risk indicators (KRIs) and liaise with business functions to remediate potential issues.
• Ensure compliance with regulatory requirements and industry standards related to risk management.
• Implement internal and external audit recommendations.
• Implement risk management findings and recommendations in liaison with senior management and relevant stakeholders.
• Serve as the secretary to Business Risk Forums/ DNFRC
• Serve as a member of GNFRC, GFCRC and business & functions management committees
• Train and guide employees at all levels on risk awareness and mitigation strategies within the business functions.
• Design and implement Quality Assurance programs
• Lead the development and maintenance of business continuity and crisis management plans.
• Keep abreast about changes in the business environment, regulations, and industry trends that may impact risk exposure.
• Manage a team of risk management professionals, providing leadership, direction, and support.
• Develop an Operational resilience strategy

Qualifications and Experience

Education Qualifications:

• Bachelor’s degree in business, Finance, Risk Management, or a related field. A relevant certification (e.g., Certified Risk Management Professional, Certified Internal Auditor) is a plus.

Knowledge and Experience Required:

• Minimum of 3 years of experience in risk management, internal controls, or a related field within a corporate environment.
• Proven experience in developing and implementing risk management frameworks and strategies.
• Strong knowledge of risk management principles, regulatory requirements, and industry best practices.
• Strong analytical skills with the ability to identify, assess, and prioritize risks across various business functions.
• Proactive problem-solving abilities to develop effective risk mitigation strategies.
• Excellent written and verbal communication skills.