21 Nov 2024

Risk & Compliance Officer at KUSCCO Mutual Assurance

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Job Description

KUSCCO Mutual Assurance is a subsidiary company of KUSCCO LTD, licensed by the Insurance Regulatory Authority (IRA) to operate as a life insurer in Kenya. Through our work with SACCOs across the country and the public at large, we realised the need for more quality protection products at value pricing, developed with the individual in mind. With our produ…

Risk & Compliance Officer

Main Role
To support the Head of Risk & Compliance in providing hands-on development of risk models involving market, credit and operational risk, assure controls are operating effectively, and provide research and analytical support.

Key Responsibilities

  • Assist in the development and execution of the risk and compliance management strategy.
  • Ensure each business unit and function have appropriately identified, quantified and managed risks and escalated to Management.
  • Develop risk mitigation plans and controls, policies and procedures for the principal risks
  • Assist in conducting periodic review of organization compliance with regulatory and supervisory requirements.
  • Assist in conducting regular assessments of the compliance function and systems and implement or monitor needed improvements.
  • Assist in developing internal policies relating to Anti Money Laundering within the organization and oversee the implementation.
  • Provide Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Management.
  • Promote a risk mitigating culture across the business to ensure that responsibilities and accountabilities are understood.

Minimum Qualifications & Experience

  • A Bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration or a related field.
  • Certification in Enterprise Risk Management or equivalent professional training/certification in risk management and compliance will be an added advantage.
  • Minimum of three (3) years’ relevant experience
  • Proficient in Microsoft office suite
  • Ability to analyze and interpret statistics


Method of Application

If you believe your experience, competencies and qualifications match the job and role specifications described; send your application letter (stating the POSITION YOU ARE APPLYING for and your current and expected pay) & updated CV (with details of at least 3 referees one of which must be immediate or former supervisor) addressed to the Chief Executive Officer to reach us on or before 29th November 2024 by email to: 

[email protected].





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