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Internal Auditor and Risk & Compliance Manager Jobs in Kenya

We are a leading general insurer in Kenya that provides a world class high performing environment, allowing people to excel and reach their potential.

In line with the company’s strategic plan, we are looking for qualified and motivated professionals to fill the following positions.

These positions require energetic individuals with both ability plus hands on experience to set up and run the various departments from scratch. Both positions report to the Managing Director and the Audit and Compliance Committee

1.0 Internal Auditor


The Internal Auditor will review the various operations of the departments to ensure compliance with the set controls, report any short falls and give recommendations.

Key Responsibilities
  • Set up and continuously evaluate internal control systems in line with changing demands, and ensure they are appropriately designed to serve the best interest of the organization.
  • Continuously review operating policies and procedures, and make recommendations on the necessary improvements.
  • Design audit plans in addition to carrying out audit.
  • Evaluate audit findings, draw comparisons and analyze data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud or lack of compliance with company policies and government regulations.
  • Conduct reviews as requested by the Company Directors provided such reviews do not compromise the independence or objectivity of the internal audit function.
  • Make recommendations of the systems and procedures being reviewed, report on the findings and recommendations and monitor management’s response and implementation.
  • Carry out annual audits as per approved audit plan.
  • Ensure delivery of high quality and timely reporting.
Qualifications and Competencies
  • Bachelors Degree in commerce (Accounting or Finance option) with CPA (K) or equivalent.
  • At least 5 years working experience at a senior position in audit management, preferably in the Insurance Industry or in an audit firm.
  • Knowledge of and skill in applying internal auditing principles and practices.
  • Knowledge of the standards for the professional practice of internal auditing and the code of ethics developed by the Institute of Internal Auditors (IIA).
  • Basic MS office skills, knowledge of computer audit packages will be an added advantage.
  • Possess strong interpersonal, communication and negotiation skills
  • High moral and ethical standards with independence of mind and ability to defend his/her position on significant issues.
2.0 Risk and Compliance Manager


The overall responsibility of the Risk Manager will be to identify, assess and prioritize all risks that the Company may be exposed to, and co-ordinate all activities to minimize, monitor, avoid, transfer and control risk.

Key Responsibilities
  • Evaluate the adequacy of current management systems and their effectiveness in mitigating risk.
  • Develop and execute strategies, policies/procedures to identify, control, manage and measure business-wide risk.
  • Oversee business-wide risk management and ensure policies, controls and procedures, are effectively implemented, disseminated and complied with.
  • Develop and compile the necessary analytical risk reports for senior management and the audit and compliance committee to facilitate active risk oversight.
  • Ensure that the company’s risk framework is in accordance with regulatory guidelines and in conformity with the Company requirements.
  • Develop, document and implement standard systems, policies and procedures for the identification, collection and analysis of risk management related data.
  • Review current and future products to ensure that the risks associated with the products are identified and put in place the necessary risk control measures.
  • Understand the inherent risks to insurance companies and put in place controls to mitigate their impact on the Company.
Qualifications and Competencies
  • A Risk Management/Finance or any Business related Degree from a recognized University. Professional qualifications in insurance and/or accounting – CPA (K) and or ACII. Knowledge of actuarial science will be an added advantage.
  • Minimum 5 years experience in risk management at a senior level in Insurance operations, or in a compliant environment with an appreciation of risk management processes.
  • Strong numeracy skills with ability to analyze complex data.
  • Excellent communications and presentation skills, with ability to inform and persuade both orally and in writing.
  • Thorough understanding of regulatory requirements and general insurance procedures.
  • Persistence, an eye for detail and ability to complete projects and stick to deadlines.
How to Apply

Interested candidates who can demonstrate the ability to perform at these levels should submit their applications by close of business Friday 28, October 2011 enclosing a detailed CV including present position, current remuneration and contact details of three referees to:

DN/A 1112
PO Box 49010-00100,


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