Job Summary
Under the supervision of the Risk & Compliance Manager,
the job holder will be responsible for
establishing and implementing an appropriate Operational
Risk Management Framework in line with the
Society’s Strategic Plan, the Risk Management Policy,
established Sacco laws and regulations and best
financial service industry practices.
Key Tasks and Responsibilities
1.
Develop and operationalize operational risk
policies, standards, and procedures for risk management. Investigate root causes of operational risks and provide support
to mitigate risks.
2.
Ensure that relevant Business policies are
effectively embedded within business units, facilitate the implementation of key control
standards, related risk and control self-assessment, key risk indicators and
monitoring plans for operational risk management, conduct independent Risk
Assessments and accompanying Risk Response Action Plans
3.
Developing training programs and conducting
training on developments in the legal and regulatory frameworks to ensure that
operational risk management is effective in the SACCO’s operations.
4.
Developing Institution wide risk monitoring
tools, rating of risks and institutionalization of Risk & Control
Self-assessments (RCSA).
5.
Act as the Data Protection Officer for the
Sacco.
·
As DPO, assist to monitor internal compliance
with the Data Protection Act and internal policies. Ensure data protection compliance within the Sacco and aid the
Sacco in being accountable in this
respect.
·
Inform and advise on the Sacco’s data protection
obligations.
·
Provide advice regarding Data Protection Impact
Assessments (DPIAs)
·
Act as a contact point the Office of the Data
Protection Commissioner (ODPC). Cooperate with the ODPC (responding to their
requests about investigations, complaints handling, inspections conducted by
the ODPC, etc.).
·
Give advice and recommendations to the Sacco
about the interpretation or application of the data protection rules.
·
Draw the Sacco’s attention to any failure to
comply with the Data Protection Act and Regulations.
6.
Reviewing branches and head office departments’
operational risks and subsequent development of viable control of the risks identified.
7.
Lead in Business Process Re-engineering for
various functions and departments.
8.
Conduct risk assessment for proposed and
existing products.
9.
Conduct periodic Fraud Risk Assessments as part
of the wider ERM and recommend on fraud controls.
10.
Develop strong relationship with key
stakeholders and business partners by addressing issues in a timely manner.
11.
Keep abreast of latest operational risk
management techniques and industry best practices.
PERSON SPECIFICATIONS
Academic Qualifications
·
Bachelor’s degree in business related courses,
Commerce, Economics, Business Management,
Business Administration, Risk Management, BBIT or other relevant
disciplines
Professional Qualifications
·
Possess professional qualification such as CPA,
ACCA, ACFE, ACAMS, ACCPA, CISA, FRM, ORM,
FRR, CISSP, CRISC, CISA, CISM, CDPSE or other risk related field.
Experience
·
A minimum of five (5) years working experience
in Banking Operations, Audit, Risk Management and/or Compliance practices,
Knowledge, Skills and Attributes
·
Comprehensive knowledge of Enterprise Risk
Management concepts, operations and credit risk management concepts.
·
High Analytical and problem-solving skills to be
able to challenge status quo based on qualitative facts and impacts.
·
Demonstrate excellent report writing and
presentation skills.
·
High ethical standards, integrity, and
professionalism
·
Planning and organization skills
·
Interpersonal, communication and negotiation
skills
·
Knowledge of SACCO products, services, and
policies
·
Excellent Customer Experience skills
Key Result Areas
·
Improved and lean Business Processes
·
Standard Operating Processes across all Sacco
operations
·
Improved Customer Satisfaction Index
Qualified applicants should apply on or before 5pm on Friday,
5 th May 2023 using the
link provided
Application details: https://www.stima-sacco.com/careers/
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