Risk Officer Job Mhasibu Sacco

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Job Purpose

To proactively identify, assess, monitor, and mitigate risks within the SACCO to ensure safe operations, protection of members’ funds, regulatory compliance, and financial sustainability of the organization. This should be in line with SASRA guidelines, Cooperative Societies Act and all other relevant rules and regulations.

Key Responsibilities

• Develop and execute a risk management strategy while monitoring the SACCO’s strategic plan to prevent, reduce, and mitigate all risk aspects.
• Monitor internal and external risk factors and ensure regular review and maintenance of the organization’s Business Continuity Plans.
• Identify emerging risks arising from current and new regulations, new and existing products and services, diverse customer segments, and transactional channels. Evaluate identified and potential risks to determine their likelihood and potential impact.
• Conduct risk assessments and maintain risk registers in compliance with SASRA guidelines, the Cooperative Societies Act, and all other applicable regulations.
• Development and implementation of a risk monitoring and Reporting Framework which includes strategies to mitigate and control risks.
• Conduct risk assessments for both proposed and existing units/branches across all risk categories.
• Develop and present risk reports to management and the Board of Directors outlining risk exposure and recommended mitigation strategies.
• Work closely with internal audit and compliance teams to review and strengthen internal control systems.
• Promote a risk-aware culture within the organization by educating staff on risk management policies and best practices.
• Any other duty that may be assigned by the Management and Board of Directors.

Qualifications

• Minimum level of academic qualifications required for the role:
• Bachelor’s degree in risk management, Business Administration, Finance, Economics, Accounting or related field from an accredited and recognized institution.
• Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the necessary documentation.

Minimum level of professional qualification required for the role:

• A professional qualification in risk related certifications/CPA K/ACCA.
• Professional certifications in Certified Regulatory Compliance Manager (CRCM), or ICA Certifications, or Financial Risk Manager (FRM), or Professional Risk Manager (PRM), or IRM Certifications, will be an added advantage.
• A registered member of ICPAK or relevant professional body.

Minimum number of years of experience required

• Experience in working for regulated financial institutions.
• At least 5 years’ experience in risk, audit and compliance functions.

How to Apply

Click here to apply

After completing the online application form, applicants should send their detailed curriculum vitae, copies of academic and professional certificates, and relevant testimonials to recruitment@mhasibusacco.com The email subject should clearly indicate the position applied for.

Deadline: 10th April 2026 at 5.00 pm