Letshego Kenya Limited provides financial services to small and micro-entrepreneurs, individuals, and salaried employees in the public and private sector. The Head of Risk & Compliance is responsible for ensuring the country grows its operations in compliance with financial, banking statutory, and regulatory requirements in line with risk appetite and policies, while driving credit risk strategies that optimize credit portfolios.
Main Purpose
Ensure the country grows its operations in compliance with financial, banking statutory, and regulatory requirements in line with risk appetite and policies for the reasonable assumption of manageable risk.
Drive the execution of credit risk strategies that optimize the subsidiary’s credit portfolios from a reward versus risk perspective while balancing capital constraints and market sensitivity to levels of non-performing debt.
Key Responsibilities
Develop and ensure efficient implementation and compliance with Letshego’s policies and procedures relating to credit risk management end-to-end.
Develop and implement country-wide risk management function, establishing unambiguously defined risk appetite.
Establish a country risk management framework consisting of adequate controls, compliance policies, processes, and methods to assess overall and business unit risk profiles.
Implement and maintain a sound enterprise-wide integrated risk management governance framework.
Oversee the country's operational, credit, market/business risks, including compliance to the risk management framework.
Measure country risk and provide analytical support to business lines in risk measurement, modelling, and reporting.
Oversee and manage Anti-Money Laundering & Counter Financing control activity in all relevant business areas to establish a reasonable threshold level of control consistency.
Identify known and emerging risks, including measuring, monitoring, and reporting on the risk profile.
Facilitate the maintenance of country risk corporate policies, including credit, operational risk, compliance, security and portfolio valuation, information security, physical security, business continuity planning, and limit breaches.
Provide independent and objective risk analyses in conjunction with critical strategic and operational decisions.
Ensure line managers take direct ownership of critical risks.
Implement strategies and policies approved by the Board, developing processes that adequately identify, measure, monitor, and control risks faced by the institution.
Qualifications and Experience
Education: Bachelor’s degree in Finance, Accounting, Economics, Risk Management, Business Administration, or Law. Master’s Degree is an added advantage.
Experience: At least 10 years of experience across risk management, policies, and regulations in the financial/banking sector, including at least 5 years in a senior management role.
Certifications: International certifications in Risk Management such as CIRM, CRCM, ICM, or equivalent.
Demonstrated capacity to translate commercial strategies into risk profiles and risk assessments.
Demonstrated ability to build strong networks with regulatory bodies and government authorities.
Knowledge and Skills
Strong understanding of financial/banking sector regulations, market trends, and developments.
Strong understanding of Enterprise Risk and strategic implications on business (Credit, Operational, Liquidity, Market).
