Equity Bank Kenya Limited, a subsidiary of Equity Group Holdings Limited, is a leading financial services provider in Kenya, offering a comprehensive range of retail and commercial banking services. Established in 1984 as Equity Building Society, it transitioned to a commercial bank in 2004 and was listed on the Nairobi Securities Exchange in 2006. Headquartered in Nairobi, the bank operates a vast network of 190 branches across Kenya, including 52 in Nairobi. As of March 2024, Equity Group Holdings reported assets exceeding KSh1.70 trillion (approximately US$13 billion) and served over 20 million customers across seven African countries. The group’s commitment to financial inclusion and innovation has positioned it as one of Africa’s most influential banking institutions.

Job Overview

• Job Type: Full Time
• Qualification: BA/BSc/HND
• Experience: 3 years
• Location: Nairobi
• Job Field: Finance / Accounting / Audit

We seek to recruit qualified, experienced, self-driven, highly motivated, and passionate candidates to fill the position outlined below within the Internal Controls & Compliance Job Family

The Business and Functions Risk and Controls Manager is responsible for developing and implementing a risk management strategy that aligns with business objectives. This role is pivotal in safeguarding the organization against potential threats and uncertainties, promoting a proactive approach to risk management, and ensuring business resilience.

Job Responsibilities

• Develop and implement a comprehensive First Line risk management strategy aligned with strategic objectives.
• Create a process universe for the business functions and units maintain an up-to-date universe
•  Identify and assess risks across various business functions and maintain an up-to-date risk register.
• Create a risk universe for the business functions and units and maintain an up-to-date control library, Key Risk Indicators (KRIs), Key Control Indicators (KCIs)
• Liaison with department heads to integrate risk management into business and functions processes and decision-making.
• Establish and maintain risk management policies, procedures, and frameworks within the business function.
• Conduct regular risk assessments to identify emerging risks and update risk profiles accordingly.
• Monitor and evaluate Inherent risks against controls, key risk indicators (KRIs) and liaise with business functions to remediate potential issues.
• Ensure compliance with regulatory requirements and industry standards related to risk management
• Implement internal and external audit recommendations.
• Implement risk management findings and recommendations in liaison with senior management and relevant stakeholders.
• Serve as the secretary to Business Risk Forums/ DNFRC
• Serve as a member of GNFRC, GFCRC and business & functions management committees
• Train and guide employees at all levels on risk awareness and mitigation strategies within the business functions.
• Design and implement Quality Assurance programs
• Lead the development and maintenance of business continuity and crisis management plans.
• Keep abreast about changes in the business environment, regulations, and industry trends that may impact risk exposure.
• Manage a team of risk management professionals, providing leadership, direction, and support and develop an operational resilience strategy.

Qualifications

Education Qualifications

• Bachelor’s degree in business administration, business management, Finance, Law, Risk Management, or related field.
• Relevant certifications (e.g., Certified Risk Manager (CRM), Certified Internal Auditor (CIA),
• Certified Compliance & Ethics Professional (CCEP)) is a plus.

Knowledge and Experience Required 

•  Minimum of 3 years of experience in the relevant business function, risk management, internal controls, auditing, quality assurance, or a related field within the financial industry. · Strong understanding of risk management frameworks, internal controls, and compliance standards relevant to the business.
• Strong analytical skills with the ability to identify and assess risks across a wide range of business functions.
• Proactive problem-solving abilities, with experience in developing and implementing mitigation strategies for diverse business risks.
• Excellent verbal and written communication skills