Background

Caritas Microfinance Bank is a licensed microfinance bank regulated by Central Bank of Kenya. Caritas MFB offers a full range of innovative and customized financial services with a special focus on the unbanked and underbanked. Its headquarters are located in the Nairobi CBD. Caritas MFB was formed to provide affordable, innovative and customized financia...

Job Purpose

To ensure that the Bank’s overall risk & compliance framework, specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines is acceptable and there is full compliance to the same within the bank. To carry out risk assessments and advice on areas of improvement.

Key Responsibilities

• Identify and assess the compliance risks associated with the bank’s current and proposed future business activities, including new products, new business relationships and any extension of operations or network on an international level
• Conduct Risk assessments and develop Key risk indicators for monitoring and reporting
• Maintain and update the bank Risk registers
• Stress testing of the various key risks facing the bank
• Conduct internal AML and KYC trainings as provided by CBK prudential guidelines.
• Carry out compliance review and Snap checks on compliance with banks internal procedures and policies
• Monitor implementation of Audit recommendation
• Review transactions to ensure that high Value transactions are identified and appropriately reported to the regulator
• Prepare and file the monthly, quarterly compliance reports to the CBK
• To perform any other duty as assigned in line with the organization goals and objective

Qualifications and Experience Requirements

• University degree in Accounting, Commerce, Economics or Business Management/Administration or related business degree
• Certified Chartered Accountant/ Certified Public Accountant.
• Current member of Institute of Certified Public Accountants of Kenya (ICPAK) with a valid membership Certificate
• CISA (Certified Information Systems Auditor) and or CIA (Certified Internal Auditor) qualifications will be an added advantage
• 3 years’ experience in banking

• Identify and assess the compliance risks associated with the bank’s current and proposed future business activities, including new products, new business relationships and any extension of operations or network on an international level
• Conduct Risk assessments and develop Key risk indicators for monitoring and reporting
• Maintain and update the bank Risk registers
• Stress testing of the various key risks facing the bank
• Conduct internal AML and KYC trainings as provided by CBK prudential guidelines.
• Carry out compliance review and Snap checks on compliance with banks internal procedures and policies
• Monitor implementation of Audit recommendation
• Review transactions to ensure that high Value transactions are identified and appropriately reported to the regulator
• Prepare and file the monthly, quarterly compliance reports to the CBK
• To perform any other duty as assigned in line with the organization goals and objective

• University degree in Accounting, Commerce, Economics or Business Management/Administration or related business degree
• Certified Chartered Accountant/ Certified Public Accountant.
• Current member of Institute of Certified Public Accountants of Kenya (ICPAK) with a valid membership Certificate
• CISA (Certified Information Systems Auditor) and or CIA (Certified Internal Auditor) qualifications will be an added advantage