Job Description
ADVERT NO. NG-CDFB/016/2022: PRINCIPAL RISK AND COMPLIANCE OFFICER - NG-CDF SCALE 4 (1
post)
a) Requirement for Appointment
For appointment to this grade, a candidate MUST have:
i. Bachelor’s Degree in any of the following disciplines: Actuarial Science, Bachelor of Commerce
Insurance option, Risk management, Disaster Risk Management
OR
Bachelor’s degree in the following disciplines with a certificate or diploma in Risk Management: -
Commerce (Accounting option); Commerce (Finance option); Business Administration (Accounting
option), Economics, or equivalent qualification from a recognized institution;
ii. Master’s degree in any of the following disciplines: - Actuarial Science, Business Administration
(Finance); Business Administration (Accounting); Master of Science in Finance, or equivalent
qualification from a recognized institution;
xi. At least eight (8) years’ work experience; four (4) of which should be in a relevant field at
supervisory management level;
iii. Certificate in a Management course lasting not less than four (4) weeks from a recognized
institution;
iv. Membership to a relevant professional body;
v. Demonstrated professional competence and managerial capability as reflected in work performance
and results;
vi. Proficiency in computer applications; and
vii. Satisfy the requirements of Chapter 6 of the Constitution of Kenya.
b) Duties and Responsibilities
The Principal Risk and Compliance Officer will report to the Manager, Risk and Compliance and
will be responsible for the following:
i. Facilitate the Risk and Control Self-Assessment to review and update risk registers;
ii. Work with the risk owners in the identification and evaluation of key risks and their causes and in
the development and monitoring implementation of action plans to address any gaps in risk
mitigation;
iii. Assist in the development and regular review of various risk management policies to guide the Board
on risk management
iv. Update and monitor the implementation of the Board’s Risk Appetite Statement to ensure risks are
managed within the set tolerance levels;
v. Analyse trends in the key risk indicators in departments and evaluate action taken on Key Risk
Indicators reported;
vi. Monitor and evaluate management of risk incidences, including incidence recording and post
incidence analysis, to establish whether adequate action is taken on minimising their impact and
preventing their occurrence;
vii. Monitor and analyse compliance trends (on legislative and regulatory requirements) and actions
taken to address noted compliance gaps; and
viii. Any other duty as may be assigned by the supervisor.