Head of Enterprise Risk Management Job Post at Stima Sacco in Kenya 2015
Stima Sacco Society Vision: ‘To be a market leader in the provision of world class financial services to our members’
Stima Savings and Credit Cooperative Society Limited (Stima Sacco) is a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an asset base of Kshs 16.3bn, a loan book of 14bn, a deposit base of 13bn and membership of 36,000 derived from the energy, utilities, services, small and micro enterprises (SMEs) and other sectors.
Its key priority in the 2015-19 Strategic Plan is to transform its business model and grow the business through innovative products, unparalleled customer service, aggressive resource mobilization and expanded distribution channels.
In order to achieve the planned growth, the Sacco is looking for a qualified and competent professional to fill the following vacancy:
Head of Enterprise Risk Management
Job Summary: Under the supervision of the Board Audit & Risk Committee and the Chief Executive Officer and working with various heads of functions, the job holder will determine the strategic and operational risk appetite across the Sacco, establish frameworks and policies for monitoring and implementing risk mitigation strategies.
He/she will ensure effectiveness and adequacy of internal control systems, risk management and governance policies, procedures and processes and the Sacco’s compliance with statutory requirements and regulations.
Duties and Responsibilities
- Establish and ensure execution of integrated risk management strategy, frameworks and policies and monitor the Sacco’s compliance with these.
- Periodically determine and quantify the strategic and operational risks appetite of the Sacco in conjunction with various heads of functions.
- Lead risk assessment activities by identifying, analyzing, describing and estimating the risks affecting the business.
- Establish an efficient and effective control environment to monitor risk, oversee and enforce risk management policies to close gaps in risk capabilities.
- Ensure prompt reporting of risk exposures and provide advice on their resolution, in line with best practices.
- Ensure that risk management, control and governance systems are functioning as intended and enable the organization’s objectives and goals to be met.
- Oversee the classification of risk categories covering strategy, operations, finance and reputation.
- Serve as the custodian of the Sacco-wide risk register and ensure regular reporting, tracking and mitigation of the risks.
- Attend Board Audit Committee meetings as the Committee Secretary
- Advise on risk issues and prepare reports for the Board and Management to assist in decision making.
Key Qualifications and Skills
- A University degree in Business Administration, Accounting, Banking, Finance or Economics and a Master’s degree in Business, Enterprise Risk Management, Finance, Economics or related field.
- Hold a professional qualification – ACCA, CPA(K) or CISA and be a registered member of ICPAK;
- Certified risk and compliance accreditation shall be an added advantage;
- A minimum of seven (7) years working experience in risk management practices and process implementation, three (3) of which should be in a management position.
- Thorough knowledge of ERM concepts, financial systems and process audit
- Have the proven ability to challenge status quo based on facts and impacts.
Additional Information
To succeed in the above position, the candidate should have the proven ability to build and mold high performing teams which thrive in a rapidly changing business environment.
The candidate should have a high degree of personal commitment, the resilience to withstand strategic and operational challenges and maintain growth momentum.
In addition the candidate should also have well developed communication, leadership and management skills, clear strategic vision and the demonstrated ability to make strategic decisions in a timely and effective manner.
How to Apply
The selected candidates will be offered three (3) years renewable contracts on extremely attractive remuneration and there are excellent career opportunities.
The application and a detailed CV with names of at least three (3) professional referees should be sent to:-
E-Mail: hawkins.associates@khigroup.com
or Postal address
Hawkins Associates Ltd
Human Resources Consultants
215, Muthangari Rd, Lavington
P.O. Box 30684, 00100
Nairobi
Closing date for receiving applications: 16th February 2015