Risk Officer - Mhasibu Sacco

Mhasibu DT Sacco Society Ltd
We are a dynamic, well-established Savings and Deposit Taking Credit Co-operative Society in the country with membership spread globally.
We are seeking to recruit highly qualified result-oriented individuals for the following positions:
Job Title: Risk Officer
Department: Internal Audit
Section: Internal Audit
Reports to: Internal Audit Manager
Direct Reports: None
Work station: Nairobi
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.
MAIN RESPONSIBILITIES OF THE JOB
a) Develop and execute a risk management strategy while monitoring the SACCO’s strategic plan to prevent, reduce, and mitigate all risk aspects.
b) Monitor internal and external risk factors and ensure regular review and maintenance of the organization’s Business Continuity Plans
c) Identify emerging risks arising from current and new regulations, new and existing products and services, diverse customer segments, and transactional channels.
d) Evaluate identified and potential risks to determine their likelihood and potential impact.
e) Conduct risk assessments and maintain risk registers in compliance with SASRA guidelines, the Cooperative Societies Act, and all other applicable regulations
f) Development and implementation of a risk monitoring and Reporting Framework which includes strategies to mitigate and control risks
g) Conduct risk assessments for both proposed and existing units/branches across all risk categories.
h) Develop and present risk reports to management and the Board of Directors outlining risk exposure and recommended mitigation strategies
i) Work closely with internal audit and compliance teams to review and strengthen internal control systems.
j) Promote a risk-aware culture within the organization by educating staff on risk management policies and best practices.
k) Any other duty that may be assigned by the Management and Board of Directors.
4. KNOWLEDGE, SKILLS AND EXPERIENCE
Minimum level of academic qualifications required for the role:

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• 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:

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• 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

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

KEY PERFORMANCE INDICATORS
a) Implementation of the Enterprise Risk Management Framework and annual risk plan.
b) Updated and comprehensive risk register with timely mitigation tracking.
c) Reduced risk exposure and incidents through effective monitoring.
d) Timely submission of risk and compliance reports to Management and Board.
e) Enhanced risk awareness and culture across the SACCO.
f) Compliance with SASRA, legal, and other laws and regulations.
g) Effective management of key risk indicators and portfolio risks.
HOW TO APPLY
Interested candidates for the above opportunity should access more information on the job specifications and apply online by filling in the data form from our website on
www.mhasibusacco.com on the careers section.
Candidates should then send their detailed curriculum vitae, copies of academic and professional certificates, and relevant testimonials to the email recruitment@mhasibusacco.com with the subject RISK OFFICER.
The deadline for submission of all applications is on or before 10th April 2026 at 5.00 pm.
Kindly note that only shortlisted candidates shall be contacted.
Mhasibu Sacco is an equal opportunity employer.