JOB PURPOSE

To support the identification, assessment and mitigation of risks and monitor compliance with applicable regulatory requirements, internal policies and procedures through routine operational audits, compliance reviews, documentation and follow-up of identified findings.

KEY ROLES AND RESPONSIBILITIES

• Audit processed loans and member refunds to ensure compliance with approved policies, procedures and authorisation requirements.
• Review newly opened member accounts to ensure compliance with account opening procedures and applicable KYC requirements.
• Verify over-the-counter receipts and assist in conducting surprise cash counts and physical verification of SACCO assets.
• Assist in identifying, assessing and documenting operational, financial and compliance risks, and report any irregularities or control weaknesses identified.
• Monitor compliance with internal policies, applicable laws, regulations and statutory requirements, and assist in preparing compliance reports and maintaining relevant records.
• Prepare accurate audit workpapers and supporting documentation for review by the Head of Audit, Risk and Compliance.
• Follow up on audit, risk and compliance findings and maintain records of the implementation status of agreed corrective actions.
• Assist in conducting risk assessments, internal and external audits, and staff sensitisation on risk management and compliance matters.
• Perform any other relevant duties as may be assigned from time to time.

QUALIFICATIONS AND EXPERIENCE

• A Bachelor’s degree in Business Administration, Finance, Accounting, Risk Management or a related field from a recognised institution.
• At least Level II of CPA, ACCA or an equivalent professional qualification will be an added advantage.
• A minimum of two to three (2–3) years’ relevant experience in risk management, compliance, internal audit or a related function within a SACCO, bank, microfinance institution or other regulated financial institution.
• Knowledge of SACCO operations, cooperative regulations, financial services legislation, internal controls and risk management practices.
• Familiarity with audit documentation, risk assessment, compliance monitoring and preparation of reports.
• Knowledge of risk management, compliance and internal control practices in a financial institution.
• Good report-writing and communication skills.
• Integrity, confidentiality and ability to maintain professional independence.

• Audit processed loans and member refunds to ensure compliance with approved policies, procedures and authorisation requirements.
• Review newly opened member accounts to ensure compliance with account opening procedures and applicable KYC requirements.
• Verify over-the-counter receipts and assist in conducting surprise cash counts and physical verification of SACCO assets.
• Assist in identifying, assessing and documenting operational, financial and compliance risks, and report any irregularities or control weaknesses identified.
• Monitor compliance with internal policies, applicable laws, regulations and statutory requirements, and assist in preparing compliance reports and maintaining relevant records.
• Prepare accurate audit workpapers and supporting documentation for review by the Head of Audit, Risk and Compliance.
• Follow up on audit, risk and compliance findings and maintain records of the implementation status of agreed corrective actions.
• Assist in conducting risk assessments, internal and external audits, and staff sensitisation on risk management and compliance matters.
• Perform any other relevant duties as may be assigned from time to time.

• Risk management
• Compliance monitoring
• Internal audit
• Audit documentation
• Risk assessment
• Report writing
• Communication skills
• Integrity
• Confidentiality
• Professional independence
• SACCO operations knowledge
• Cooperative regulations knowledge
• Financial services legislation knowledge
• Internal controls knowledge
• Risk management practices knowledge

• Bachelor’s degree in Business Administration, Finance, Accounting, Risk Management or a related field from a recognised institution.
• At least Level II of CPA, ACCA or an equivalent professional qualification will be an added advantage.