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
22bn, a loan book of Kshs17bn, and membership of 65,000 derived from the
energy, utilities, services, small and micro enterprises (SMEs) and other
sectors.
In
order to achieve the planned growth, the Sacco is looking for a qualified and
competent professional to fill the following vacancy:
Head of
Risk
Job
Summary: Under
the supervision of the Risk Committee of the Board 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.
The
job holder 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 Risk 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
- KCSE:
B- or its equivalent.
- A
Bachelor’s degree in Accounting, Finance or equivalent and a Master’s
degree in Business Administration, Finance, Commerce, Accounting or other
related field will be an added advantage.
- Must
possess professional qualification such as CPA (K), ACCA, CFA, CISA
membership of a professional body for the past 5 years.
- Certification
in Risk, Compliance and/or other relevant training shall be an added
advantage.
- A
minimum of seven (7) years working experience in risk management practices
and process implementation, five (5) of which should be in Risk Management
position.
- High
analytical skills to be able to challenge status quo based on qualitative
facts and impacts.
- Demonstrate
excellent presentation and report writing skills.
- Have
the proven ability to challenge status quo based on facts and impacts.
- Well- developed communication, leadership and management
skills, clear strategic vision and the demonstrated ability to make
strategic decisions in a timely and effective manner.
Head of
Internal Audit
Under
the supervision of the Audit Committee of the Board and the Chief Executive
Officer, the successful candidate will provide effective and efficient
co-ordination and supervision of Internal Audit Department through the
development and implementation of sound internal control procedures in
accordance with regulations, standards and Sacco policies and procedures.
Duties
and Responsibilities
- Maintain
strong internal policies, processes and controls in order to provide
timely, consistent and accurate financial, management information for
effective decision making.
- Implement
the Society’s internal audit strategy, policies and procedures.
- Carry
out risk identification, assessment and audit planning for high risk areas
within the operations of the Society.
- Report
and communicate Audit findings and recommendations to the Management and
to the Audit Committee of the Board.
- Evaluate
corporate governance processes and make recommendations for improvement.
- Develop
and spearhead anti-fraud and corruption strategy in accordance with the
Society policies, laws and regulations.
- Plan
and co-ordinate the timely performance of special audit investigations and
forensic audits as necessary.
- Attend
Board Audit Committee meetings as the Committee Secretary.
- Carry
out regular compliance tests on Society operating systems, policies and
procedures and make the necessary recommendations.
- Evaluate
the reliability, integrity, timeliness and accuracy of financial and
operating information to facilitate sound decision making by management.
Key
Qualifications:
- KCSE:
B- or its equivalent.
- A
Bachelor’s degree in Accounting, Finance or equivalent and a Master’s
degree in Business Administration, Finance, Commerce, Accounting or other
related field will be an added advantage.
- A
professional accounting qualification CPA (K), ACCA, ACA, CFA and a member
in good standing of ICPAK for the last 5 years.
- Must
be a member of Institute of Internal Auditors.
- Must
be a holder of a practising certificate issued pursuant to section 21 of
the Accountants Act, 2008 (No. 15 of 2008).
- Certification
in Information Systems Audit will be an added advantage.
- A
minimum of seven (7) years working experience in financial management,
five (5) of which must be in a senior management level as an Internal
Audit Manager or its equivalent.
- Knowledgeable
in all aspects of financial Institution and SASRA guidelines.
- Excellent
interpersonal, communication and presentation skills with the ability to
interact effectively with all levels of management and staff.
- Knowledge
of computerized audit techniques and experience in systems audit will be
an added advantage.
Interested
candidates should forward a Cover Letter and CV indicating the position applied
for as the Subject Line to: Email: headofinternalaudit@stima-sacco.com on or
before 5pm on 30th June 2016 indicating the position applied for as the subject
line.
Only Shortlisted applicants will be contacted