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Banking Jobs in Kenya - SACCO

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 

Ref. No: 251/AC/FN

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.


Chief Manager Finance 

Ref.No: 211/IP/FN
 
Job Summary: Reporting to the Chief Executive Officer, the Chief Manager Finance will be responsible for strategic financial planning and management, financial advisory, resource mobilization and reporting. 

The successful candidate will provide effective and efficient co-ordination and supervision of accounting, financial and treasury management through the development and implementation of sound accounting & financial systems and internal control procedures in accordance with regulations, standards and Sacco policies and procedures.

Duties and Responsibilities
  • Overall management and co-ordination of the finanœ division by leading, directing, planning and controlling of all aspects of reporting, budgeting, final accounts and liaison with internal and statutory auditors.
  • In liaison with the Chief Executive Officer (CEO), formulate corporate financial strategies, monitor and oversee their successful implementation and ensure compliance with approved policies and prudential regulatory standards.
  • Create and maintain strong financial discipline, provide periodic financial information and reports on the Sacco’s performance to the Board of Directors and the senior management team.
  • Maintain strong internal policies, processes and controls in order to provide timely, consistent and accurate financial, treasury and management information for effective decision making.
  • Maintain good working relationships with various stakeholders towards attainment of the Sacco’s corporate plans and investment programs.
  • Evaluate and measure finance & business performance against the Sacco’s strategic plan, make recommendations and presentations to enhance organizational performance to meet shareholders’ expectations.
  • Attend the Board Finance, Investments and Credit (FIC) Committee meetings as the Committee Secretary.
Key Qualifications and Skills
  • A Bachelor’s Degree in Accounting, Finance or equivalent and a Master’s degree in Business Administration, Finance, Commerce, Accounting, or other related field.
  • A professional accounting qualification CPA (K), ACCA, ACA and a member in good standing of ICPAK for the last 5 years.
  • A minimum often (10) years working experience in financial management at senior management level as a Finance Manager or its equivalent.
  • Knowledgeable in all aspects of financial institution, IFRS standards, and SASRA guidelines.

Chief Manager Business Development 

Ref. No: 412/IG/FN
 
Job Summary: The Chief Manager Business Development will report to the Chief Executive Officer and will be responsible for business development, research, product development, strategic marketing, brand positioning and customer relations.

Duties and Responsibilities:
  • Participate in the development of the vision, mission and strategic plan; own and deliver on business development, marketing and sales annual plans.
  • Identify, qualify and convert opportunities to develop new business, create new target market segments, forecast projected business and create team targets for the Sacco acquisition in line with corporate objectives.
  • Network with customers, industry players and key stakeholders to build and retain sound relationships that create a receptive market for growth and strengthening the Sacco’s brand.
  • Improve product marketability and profitability by research, identifying and capitalizing on market opportunities; improving product packaging; coordinating new product development and optimizing uptake of existing products and services.
  • Develop targets, monitor and review performance.
  • Achieve high quality customer service delivery and consistently improve customer experience.
  • Attend the Board Business, Strategy and Technology Committee (BST) meetings as the Committee Secretary.
Key Qualifications and Skills:
  • A B.Com. (Marketing Option) degree and a Master’s degree in Finance, Business Administration or a related field;
  • At least ten (10) years’ marketing and business development experience, preferably gained in a financial institution.
  • Active Member of a professional body (e.g. MSK, CIM)
  • Excellent report writing, negotiation and analytical skills.
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.


Chief Manager Operations 
Ref. No: 271/CW/FN

Job Summary: Reporting to the Chief Executive Officer, the Chief Manager Operations will be responsible for the management of the credit and banking functions. 

Key result areas will be to ensure quality services and effective operations, driving business growth across the membership catchments including the diaspora, ensuring growth of a quality loan book, improving internal controls and systems to provide superior customer experience.

Duties and Responsibilities:
  • Develop, formulate, recommend and coordinate the implementation of strategies, policies, operational systems and procedures for its credit management and banking operations.
  • Ensure development and roll out of new credit and banking products and services.
  • Establish a feedback mechanism and a workflow management and monitoring system in compliance with its banking and credit policies, systems and procedures.
  • Direct and guide all operational procedures and controls to minimise operational risks and improve management controls for the various business units.
  • Propose proactive reforms of the Society’s banking, credit and credit-risk management strategies, policies and procedures to ensure they remain appropriate and in line with the best practices.
  • Ensure all credit and banking transactions are compliant with existing regulatory requirements.
  • Lead and manage the operations team to deliver a culture that supports and contributes to the strategic objectives of the business and meet approved service standards.
  • Produce timely and accurate board and management reports.
Key Qualifications and Skills:
  • A university degree in Banking, Business Administration, Finance or equivalent qualification and a Master’s degree in related fields.
  • A minimum often (10) years working experience in banking and/or credit operations, at senior management level in a financial institution or its equivalent.
  • Experience in credit and credit risk assessment and management, banking operations and structuring in emerging markets.
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

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