Deputy Manager – Risk & Compliance Job Vacancy in Kenya

KUSCCO Mutual Assurance Limited 

Job Opening: Deputy Manager – Risk & Compliance  

Industry: Insurance

Location: Nairobi

Salary: Competitive

KUSCCO Mutual Assurance Limited was incorporated in Kenya in January 2019 and is a subsidiary company of KUSCCO Ltd with a vision, to be the leading insurer committed to quality with unwavering client focus.

We are looking to hire a Deputy Manager – Risk & Compliance to support the Leadership and Management by providing hands-on support including the development of risk models involving market, credit, and operational risk; ensure controls are operating effectively and provide research and analytical support.


  • Implement and facilitate the cascading down of the Risk Management Framework and Strategy and develop risk mitigation plans and controls, policies, and procedures for the principal risks.
  • Ensure each business unit, in liaison with the risk champions, has appropriately identified, analyzed, evaluated, and managed their risks and documented them in their risk registers.
  • Consolidate the Departmental Risk Registers’ key risks into the Corporate Risk Register, assess the overall impact, and ensure regular updating in line with changes in risk ratings.
  • Develop a Risk Appetite Statement that outlines appetite, tolerance, and capacity levels of key risks and monitor to ensure they remain within appetite levels, and where they exceed, develop mitigation control measures, and follow up with respective risk owners.
  • Prepare and present reports giving risk & compliance status to Management monthly and Board Risk Management Committee every quarter, for decision-making.
  • Provide guidance and support to the entire staff, and intermediaries in compliance with the group’s enterprise risk management requirements to ensure risk management is aligned with the strategy development process and execution.
  • Provide training in the organization to promote a risk-mitigating culture and create awareness across the business to ensure that responsibilities and accountabilities are understood, especially on risk-mitigation actions.
  • Develop an effective compliance function to ensure 100% compliance with Statutory, Regulatory and internal requirements and oversee the filing of all returns by respective departments to relevant authorities.
  • Develop and implement an Anti-Money Laundering and Combating Financing of Terrorism framework in line with the POCAMLA Act and the FATF guidelines.
  • Act as a liaison officer for the Authority and Centre and a point of contact for all employees on issues relating to Money Laundering and Financing of Terrorism.
  • Conduct regular assessments of the compliance function and system and implement or monitor needed improvements.
  • Promote and sustain an ethical corporate culture that values responsible conduct and compliance with internal and external obligations.  Provide Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Management and Board.
  • Any other duties assigned from time to time by your supervisor.


  • A Bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration, or a related field.
  • Certification in Enterprise Risk Management or equivalent professional training/certification in Risk Management and Compliance.
  • Professional certification such as CPA, ACCA, CFA, or CISA will be an added advantage.
  • Minimum of eight (8) years of relevant experience.
  • Proficient in Microsoft Office suite.
  • Ability to analyze and interpret statistics.
  • Ability to work under pressure.

How to Apply

If you believe your experience, competencies, and qualifications match the job and role specifications described; send your application letter (stating current and expected pay) & updated CV (with details of at least 3 referees one of which must be an immediate or former supervisor ) addressed to the Chief Executive Officer to reach us on or before 5th September 2023 by email to:

Only short listed candidates will be contacted.