Background

JYAMBERE SACCO KAMONYI is a Savings and Credit Cooperative committed to improving the financial well-being of its members through accessible and sustainable financial services. JYAMBERE SACCO KAMONYI is seeking to recruit a qualified, competent, committed, proactive, and self-motivated individual to fill the following position:

Job Summary

This position focuses on risk management and compliance within Jyambere Sacco Kamonyi. The main responsibilities include identifying, measuring, and reporting risks, developing risk strategies, and conducting stress tests and liquidity risk assessments. The role also ensures compliance with laws and internal policies, supports internal controls, investigates possible violations, and advises management on regulatory matters. Additionally, it involves preparing risk and compliance reports, educating staff on compliance issues, and helping improve risk control systems.

Key Duties and Responsibilities

Under the supervision and guidance of the Managing Director/Risk Committee:

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To comply with the laws, regulations and decisions of the Cooperative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and to respect working days and hours;
• To maintain confidentiality of work;
• To provide basic identification documents before starting work;
• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• Works out a draft of the risk management strategy;
• Sets up and adjusts the risk and capital inventory;
• Conducts risk measurement and stress testing on future liquidity chocks;
• Defines and assesses the early warning indicators;
• Proposes instruments for risk steering;
• Drafts the risk management reports ensuring that major risks are identified and reported including measures and recommendations;
• Supports in the implementation of internal controls;
• Continuously, enhance policies, practices and other control mechanisms to manage risks;
• Investigating potential violations of compliance policies and regulations;
• Advising management on compliance with laws, regulations, directives, rules and standards applicable to the Cooperative;
• Assisting management to effectively manage the cooperative’s risk;
• Educating staff on compliance issues;
• Drafts the contingency plan to manage liquidity risk;
• Perform other duties that are not contrary to the laws and regulations required by the head of internal Audit and Compliance his/her superior body.

Qualifications & Experience Required

• Bachelor’s degree in Economics, Accounting, Finance, or a related field;
• Minimum of three (3) years’ experience in auditing, preferably in microfinance, banking, or SACCO;
• Strong knowledge of financial risk management and mitigation strategies;
• Excellent understanding of banking and financial regulations;
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint);
• Strong strategic thinking with risk and control awareness;
• Excellent analytical and problem-solving skills;
• Professional certification in auditing (CPA, ACCA, CIA) is an added advantage;
• High level of attention to detail and accuracy;
• Excellent communication and report writing skills;
• Demonstrated professionalism and integrity;
• Proven knowledge of auditing standards, procedures, laws, and regulations;
• Advanced computer skills, including Core Banking Systems.

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To comply with the laws, regulations and decisions of the Cooperative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and to respect working days and hours;
• To maintain confidentiality of work;
• To provide basic identification documents before starting work;
• To follow the principles and rules governing the conduct of the Cooperative's business activities;
• Works out a draft of the risk management strategy;
• Sets up and adjusts the risk and capital inventory;
• Conducts risk measurement and stress testing on future liquidity chocks;
• Defines and assesses the early warning indicators;
• Proposes instruments for risk steering;
• Drafts the risk management reports ensuring that major risks are identified and reported including measures and recommendations;
• Supports in the implementation of internal controls;
• Continuously, enhance policies, practices and other control mechanisms to manage risks;
• Investigating potential violations of compliance policies and regulations;
• Advising management on compliance with laws, regulations, directives, rules and standards applicable to the Cooperative;
• Assisting management to effectively manage the cooperative’s risk;
• Educating staff on compliance issues;
• Drafts the contingency plan to manage liquidity risk;
• Perform other duties that are not contrary to the laws and regulations required by the head of internal Audit and Compliance his/her superior body.

• Strong knowledge of financial risk management and mitigation strategies;
• Excellent understanding of banking and financial regulations;
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint);
• Strong strategic thinking with risk and control awareness;
• Excellent analytical and problem-solving skills;
• High level of attention to detail and accuracy;
• Excellent communication and report writing skills;
• Demonstrated professionalism and integrity;
• Proven knowledge of auditing standards, procedures, laws, and regulations;
• Advanced computer skills, including Core Banking Systems.

• Bachelor’s degree in Economics, Accounting, Finance, or a related field;
• Minimum of three (3) years’ experience in auditing, preferably in microfinance, banking, or SACCO;
• Professional certification in auditing (CPA, ACCA, CIA) is an added advantage;