At Sidian Bank, we recognize the significant accountability and inherent risks that an entrepreneur takes to make his ideas and dreams a reality. Our mission is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneurs' needs and facilitate growth through convenience and choice.
Role Purpose
The Assistant Manager – Internal Controls & Compliance supports the Internal Controls & Compliance function by ensuring the Bank’s operations comply with internal policies, regulatory requirements, risk frameworks, and industry standards. The role drives risk-based control assurance activities, performs control testing, and coordinates remediation with business units.
Key Responsibilities
Internal Control Framework
- Support the design, maintenance, and periodic review of the Bank’s Internal Control Framework in line with CBK Prudential Guidelines, COSO principles, and the Bank’s Risk Appetite.
- Ensure control standards are embedded within key business processes, products, and outsourced arrangements.
Control Testing & Assurance
- Execute risk-based control testing across business units including branch operations, credit, treasury, digital, finance, and operations.
- Validate adequacy, design effectiveness, and operating effectiveness of key controls.
- Document control testing outcomes and evidence in a manner suitable for audit and regulatory review.
- Test the veracity, check accuracy, and integrity of financial, operational, and customer service records (response time, resolution quality).
Issue & Remediation Management
- Track internal control weaknesses, compliance breaches, and operational incidents.
- Coordinate remediation action plans with business owners and monitor timely closure.
- Escalate overdue, high-risk, or recurring control failures to Senior Management and ERM/Compliance teams.
Policy & Procedure Oversight
- Support periodic review of operational and compliance-related policies to ensure alignment with regulatory and internal control expectations.
- Verify that approved policies are operationalised through procedures and process manuals.
- Support automation initiatives with control mechanisms.
Stakeholder Coordination
- Liaise with Internal Audit, Compliance, Risk Management, Operations, and Business Units on control findings and improvement actions.
- Support regulatory inspections and internal/external audits relating to controls and compliance matters.
Training & Compliance Awareness
- Conduct awareness sessions on internal controls and compliance standards.
- Provide recommendations for training programs based on audit findings.
Reporting
- Prepare internal control and compliance reports for Management and Board Risk Committee.
- Provide trend analysis on control effectiveness, repeat findings, and emerging control risks.
Performance Objectives
- Embed a consistent control testing calendar covering all material functions.
- Ensure 100% timely escalation of critical compliance exceptions.
- Reduce repeat audit or inspection findings year-on-year.
Requirements
Academic Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration, Economics, Risk Management, or a related discipline.
- Master’s Degree in Business, Finance, or Risk Management would be an asset.
Professional Qualifications
- A Professional risk management certification or other recognised risk/control certification is an advantage.
- Certified Internal Auditor (CIA) or progress towards CIA.
- CPA(K) or ACCA qualifications are an added advantage.
Work Experience
- 4–6 years’ experience in internal controls, compliance, risk management, internal audit, or operations within a bank or regulated financial institution.
- At least 3 years in a second-line or assurance role (risk, compliance, or internal audit).
- Demonstrated experience in control testing and assurance reviews.
- Experience in audit issue tracking and remediation.
- Experience designing and implementing internal controls, compliance frameworks, and risk management policies.
- Experience in fraud detection, investigation, and compliance reviews is highly desirable.
- Experience collaborating with senior management to drive corrective actions.
How to Apply
Interested and qualified candidates should apply online through the Sidian Bank career portal at https://www.myjobmag.co.ke/apply-now/1162060. Ensure you complete your profile and attach your CV as part of the application process.
