Job Description
Compliance Officer
Vacancy Number: 04/2023
Ref: SASRA/HRA/1000/09/VOL. I (121)
Sacco Societies Regulatory Authority (SASRA) was established under the Sacco
Societies Act, CAP 490B with a mandate to license, regulate and supervise the Sacco
Sector in Kenya. The Authority is seeking to recruit a high calibre motivated,
visionary, dynamic and results oriented candidate to fill ten (10) positions of
Compliance Officer (SASRA 6). The suitable candidates shall be employed on
permanent and pensionable terms of service.
ROLE SUMMARY
Implement the legal and regulatory framework on prudential supervision and market
conduct to enhance the financial stability of the Sacco subsector, to enhance sound
and fair conduct of Sacco business and empowerment of consumers.
KEY RESPONSIBILITIES
a) Assisting in assessment of license renewal applications as per the laid down
procedures.
b) Ensuring timely submission of regulatory returns and any adhoc reports by the
Saccos.
c) Assisting to check completeness and accuracy of the regulatory returns.
d) Assisting in basic analysis of the financial and related data from the regulatory
returns to understand performance and compliance status of the assigned Saccos.
e) Understanding the prudential and market conduct regulatory framework in
relation to performance of the Sacco societies
f) Assisting in the inspection of premises for new branches of SACCO societies in
line with the regulations and guidelines and make appropriate
recommendations.
g) Assisting in assessing corporate approval requests (such as establishment of
branches, agency business introduction of new loan products, initiation of shares
drive among others) from SACCOs and making recommendations through the
supervisors
h) Assisting is updating the register of corporate approval requests and
determinations thereof.
i) Assist in updating data and information on financial, operation, management
and governance profile of the Saccos.
j) Assisting in inspections and drafting of reports
k) Drafting letters and other correspondence to the Saccos
l) Ensuring timely dispatch of information, general correspondences, and circulars
to SACCOs assigned and confirming timely receipt by the SACCOs in line with
the laid down policy.
Job Specifications:
a) Bachelor’s degree in any of the following fields: - Finance,
Economics/Statistics, Cooperative Management, Accounting, Business
Administration/Management, Law, ICT or any other relevant
qualification from recognized institution.
b) Demonstrate proficiency in relevant Computer Application; and
c) Certificate in Computer Application Skills.
Other Mandatory Requirements
In addition, to academic qualifications, experience and person specifications
referred to herein above, all successful candidates must satisfy the requirements of
Chapter Six of the Constitution of Kenya 2010 before appointment by providing the
following documents:
i) Certificate of Good Conduct from the Directorate of Criminal Investigations.
ii) Clearance Certificate from the Higher Education Loans Board.
iii) Tax Compliance Certificate from the Kenya Revenue Authority.
iv) Clearance from the Ethics and Anti-Corruption Commission.
v) Report from an Approved Credit Reference Bureau.
SASRA is an Equal Opportunity Employer (EOE) and committed to diversity and
gender equality.