Our client, The 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 the following position:
Compliance Officer
Job Ref: MN 8123
The suitable candidate shall be employed on permanent and pensionable terms of service.
The job holder will be responsible for implementing prudential supervision framework in accordance with the Sacco Societies Act.
Equally, the holder of the job will carry research and increase the body of knowledge of Sacco societies’ risk profile through financial analysis and investigative inspections and evaluation.
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 ad-hoc 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 & 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.
Applicant 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 a recognized institution;
b) Demonstrate proficiency in relevant Computer Application; and
c) Certificate in Computer Application Skills.
Application Instructions
Only shortlisted candidates will be contacted.
If your career profile matches the requirements of this position, please submit your application with a detailed curriculum vitae indicating your qualifications, experience, present position, email address and mobile telephone number with copies of certificates and testimonials, identity card and details of your current or past monthly salary to recruit@manpowerservicesgroup.com on
or before 6th July 2021 and not 30th June 2021 as earlier communicated through the Daily Nation dated 16th June 2021.
SASRA is an Equal Opportunity Employer and is committed to diversity and gender equality.