Mwalimu Sacco Head of Audit, Risk & Compliance Job in Kenya

Our client, Mwalimu National Sacco Society Ltd, is a leading ISO certified organization mandated to mobilize savings and give credit to its members. 

With a net worth of over Ksh. 20 billion, a membership in excess of 60,000 members and eleven (11) branches spread across Kenya, Mwalimu National Sacco stands out as a leader in the sector and is geared to become a key player in the region’s financial services sector. 

Mwalimu Sacco has consecutively won the Best Managed Sacco Award, demonstrating the organisation’s commitment to excellence.
 

Mwalimu Sacco is seeking to recruit dynamic, ambitious and result oriented individuals to fill the following position:
 

Head of Audit, Risk & Compliance

Ref: HARC/11/2014
 

Under the supervision of the Board Audit & Risk committee and CEO, the incumbent will provide assurance to the Audit Committee with regards to the effectiveness and adequacy of the SACCO’s internal control systems, risk management and governance policies, procedures and processes and the SACCO’s compliance to statutory requirements and regulations.

He will be responsible for facilitating the execution of the Enterprise-wide Risk Management (ERM) framework in the SACCO and is expected to lead and own the SACCO’s risk strategy.

Specific responsibilities will include:

• Formulating and ensuring the execution of Strategic objectives for the Audit, Risk and Compliance department in line with the overall corporate plan;
• Formulating and managing audit department’s annual budget;
• Establishing an efficient and effective control environment to monitor risk, oversee and enforce risk management policies to close gaps in risk capabilities;
• Monitoring the Sacco’s compliance with risk management regulatory provisions; ensure prompt reporting of risk exposures and provide advice on resolution, in line with best practices;
• Ensuring that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met;
• Organizing internal and external audits, while ensuring compliance with the management actions recommended in the audit reports;
• Attending Board Audit Committee meetings as the Committee Secretary; and
• Advising on risk issues and preparing audit report for the Board and Management to assist in decision making.

Key qualifications, knowledge and experience required:

• A degree in Business Administration, Accounting, Banking, Finance or Economics. A Masters Degree will be an added advantage;
• Possess professional qualification such as ACCA, CPA (K), CISA and a registered member of ICPAK; certified risk and compliance accreditations shall be an added advantage;
• A minimum of five 5 years working experience in audit, risk management and risk supervision in financial institutions at senior management level as an Audit Manager or its equivalent;
• Comprehensive knowledge of ERM concepts, financial systems and process audit and thorough knowledge of financial service industry/Sacco dynamics including regulations, legislations and operating environment; and
• Demonstrated ability to conduct reviews and development of policies and procedures and align them with best practices including IFRS and International Standards for Professional Practice of Internal Auditing.

How to Apply
 

Applicants for the all the positions above must possess excellent written and oral communication skills, demonstrated interpersonal and organizational skills. 

Good analytical skills and knowledge of ICT applications and attention to details are also critical competencies. In addition they must be self-driven, have ability to achieve results in a fast-paced, dynamic environment with shifting priorities and have excellent facilitation and presentation skills.
 

If you believe you can clearly demonstrate your abilities to meet the relevant criteria for the above roles, please submit your application with a detailed CV, stating your current position, current remuneration, e-mail and telephone contacts and quoting the respective reference number on your application letter.

To be considered, your application must be received by 21 November, 2014 addressed to:

The Director
Executive Selection Division
Deloitte Consulting Limited
Email: esd@deloitte.co.ke
Nairobi, Kenya