Associate I: Risk & Compliance Job ICEA Lion
Legal Jobs, ICEA Lion Jobs. Responsible for monitoring compliance with regulatory requirements, conducting risk assessments, reviewing internal controls, maintaining compliance records, and preparing risk reports to support business operations. Requires a Bachelor’s Degree in Risk Management, Finance, Accounting, Law, or a related field, with at least 1–2 years of relevant experience. This is a full-time, on-site position based in Nairobi.
Job Summary
The overall purpose of the contract is supporting the Risk and Compliance team in daily tasks that aim towards effective risk and compliance management within the Company, including data gathering, analysis and report preparation to identify, assess, advise, monitor and report on risk and compliance.
Key Responsibilities
Compliance Management
- Perform a thorough AML clean-up exercise in our client database to ensure 100% AML /CFT compliance as well as a comprehensive PEP Register
- Support in collecting and collating compliance risk assessment data to facilitate the establishment of the compliance universe.
- Support in maintaining continuous dialogue and information to business units on key issues defined in the AML/KYC policies.
- Support in the annual AML/CFT risk assessment relating to financial crime and incorporate conclusions into current policies and requirements.
- Maintain continuous engagement with business units and carry out compliance risk monitoring, analysis and reporting on new products and projects.
- Contribute towards the training programs to enhance AML, Data Protection compliance awareness and knowledge among employees and management.
Business Continuity Management
- Provide support in the business continuity programme within the company
- Support in the facilitation of awareness and training programs on business continuity management
Enterprise Risk Management
- Support in risk assessment exercises across the business & functional areas in line with the risk management framework.
- Assist in the continuous monitoring of controls established by management to ensure that identified risks are appropriately mitigated at both departmental and process levels.
- Assist in the management and maintenance of risk registers through tracking progress on the implementation of risk mitigation action plans.
- Participate in the formulation and review of risk management and control activities for products to ensure they meet the set objectives.
Qualifications
- A Bachelor’s degree in Actuarial Science, Finance, Economics, Law or Business-related field.
- 1 Year Experience in risk compliance or audit
- Knowledge of the Kenyan regulatory environment including the Insurance Act, CMA Act and RBA Act.
- Good knowledge of money laundering issues and KYC requirements.
- Knowledge of insurance operations and business functions.
- Good management skills including organizational, communication and problem solving skills.
- Demonstrate high integrity
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