Caritas Microfinance Bank – Assistant Manager-Risk & Compliance.

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To ensure that the Bank’s overall risk & compliance frameworks specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines is acceptable and there is full compliance to the same within the bank. To carry out risk assessments and advice on areas of improvement.


  • Prepare Annual Risk & Compliance Strategy for BARC approval
  • Review and maintain the bank’s Enterprise Risk Management (ERM) Framework and ensure that are risks are identified, evaluated, treated, and monitored on timely basis.
  • Establish and implement a Stress testing framework that covers the major risks facing the bank.
  • Develop, maintain, and update the corporate risk register for the bank and regularly review the bank’s risk appetite statement.
  • Conduct Risk assessments on all bank projects, units, products, and processes as per the risk management policies and procedures.
  • Conduct reviews on all bank activities, processes, and units to ensure compliance with internal policies and procedures, regulations, and all relevant laws.
  • Conduct daily transactions monitoring, compile, and report to relevant regulators on any over the limit and/or suspicious transactions.
  • Conduct internal Risk management, AML, and KYC trainings to promote compliance awareness and improve the risk culture in the bank.
  • Represent the risk and compliance function at various management and committee meetings as and when requested and advice on risk issues.
  • To be the bank’s designated Money Laundering Reporting Officer (MLRO)
  • Prepare Risk and Compliance reports and present to the BARC on Quarterly basis.
  • To perform any other duties as assigned in line with the organization goals and objectives.

Minimum Qualifications and Experience 

  • University degree in a business related filed or its equivalent.
  • At least 5 years’ experience in Risk & Compliance within Banking or Financial Services Sector
  • Postgraduate or professional risk management qualification desirable.
  • A Certified Anti-Money Laundering Specialist qualification will be an added advantage.

Interested candidates who meet the criteria above are encouraged to send their application letters and detailed CVs to:

Email: recruitment@caritas-mfb.co.ke

Kindly indicate the position title on the subject line when applying

Closing date for application 30th September 2022

Only shortlisted candidates will be contacted.