Job Ref. No. JAML022
Role Purpose
The role holder will be responsible for integration
and implementation of the risk strategy, policies, processes, and reports. The
role holder will provide oversight and ensure execution of the risk management
framework including the risk appetite statement, taxonomy, assessment,
treatment, monitoring & reporting as well as communication and training to
the business
Duties and Responsibilities
Strategy
Collaborate with senior management and other key
stakeholders to implement the strategic direction for the Risk Function within
the JAML Company. This involves analyzing market trends, assessing industry
dynamics, and identifying opportunities for improvement and growth.
Keep abreast of regulatory developments and industry
initiatives and advise management accordingly.
Risk Mitigation and Monitoring:
Develop and implement risk mitigation strategies and
action plans to reduce exposure to identified risks.
Monitor the effectiveness of risk controls and ensure
timely remediation of issues.
Risk Governance and Policies:
Establish and maintain risk governance frameworks and
policies to guide risk management practices across the organization.
Review and update risk management policies as needed
to align with changing regulations and industry best practices.
Operational
Develop and maintain a risk management strategy for
JAML.
Develop and implement systems, policies and
procedures for the identification, collection and analysis of risk related
information.
Carry out comprehensive risk assessments across the
business & functional areas in line with the risk management framework.
Evaluate the adequacy and effectiveness of controls
established by management to ensure that identified risks are appropriately
mitigated at both departmental and process levels.
Maintain the risk registers and assist management in
tracking progress on the implementation of risk mitigation action plans.
Evaluate whether department strategies and
initiatives are adhered to and are aligned with group goals and objectives.
Coordinate the performance of strategic risk analysis
by reviewing business processes in liaison with business owners to identify
potential risks.
Appraise the efficiency and effectiveness with which
resources are deployed to ensure that they are put to the most productive use.
Participate in the formulation and review of risk
management and control activities for products to ensure they meet the set
objectives and are worthwhile investments with a quantifiable return.
Review new and on-going products to ensure that they
are carried out only after a comprehensive risk assessment is done.
Facilitate awareness and training programs on risk
management, controls, and compliance activities.
Stress Testing and Scenario Analysis:
Conduct stress testing and scenario analysis to
assess the company’s resilience to adverse economic conditions and market
shocks.
Prepare reports for the Board Audit Committee.
Corporate Governance
Compliance: Stay updated on industry regulations,
compliance requirements, and best practices.
Adherence to the laws and regulations of Kenya, the
policies and regulations within the Asset Management industry and all internal
company policies and procedures.
Ensuring compliance with applicable statutory and
regulatory requirements and establishing mitigation measures against emerging
business risks.
Implement effective risk management strategies,
including appropriate internal controls, to mitigate operational, financial,
and regulatory risks.
Leadership & Culture
Fostering a corporate culture that promotes ethical
practices and good corporate citizenship while maintaining a conducive work
environment.
Collaborate with cross-functional teams to develop
initiatives that promote a positive and inclusive company culture.
To provide the much-needed transformational
leadership to meet and surpass the expectations of stakeholders.
Set performance targets and objectives, monitor
progress, and ensure timely completion of activities.
Conduct regular team meetings and training sessions
to enhance skills and knowledge.
Key Competencies
In-depth knowledge of Asset Management regulations
and industry practices.
Analytical and problem-solving skills to assess and
address risks.
Excellent communication and interpersonal skills to
educate and advise stakeholders.
Ability to collaborate effectively with
cross-functional teams.
Detail-oriented with strong organizational and time
management abilities.
Proactive approach to staying updated on regulatory
developments.
Qualifications
Bachelor’s degree in Investments, Business, Finance,
Risk, Compliance, Law or any other related course
Advanced degree or professional certifications in
Risk & Compliance
Relevant Experience
Minimum 3-4 years’ experience within the compliance
sector, risk management and compliance space.
In-depth knowledge of the financial services
industry.
Proven track record of successfully implementing
strategic initiatives and driving process improvements
How To Apply
If you are qualified and seeking an exciting new
challenge, please apply via Recruitment@jubileekenya.com quoting
the Job Reference Number and Position by 9th June 2024. Only
shortlisted candidates will be contacted.
