Summary
Our client is looking for a Compliance Officer. The preferred candidate should have a Legal and Accounting or a related background. The job holder will ensure the organization adheres to external regulations and internal policies. The role involves overseeing compliance activities, conducting audits, and implementing procedures to mitigate risk and ensure legal and ethical integrity within the organization.
Description
Compliance Oversight:
- Develop and implement and maintains compliance policies and procedures
- Monitor regulatory changes and ensures the organization aligns with relevant laws and standards
- Conduct compliance risk assessments and develops strategies to address identified risks.
Regulatory Reporting:
- Ensure timely and accurate reports to regulatory bodies and government agencies
- Collaborate with legal counsel to interpret regulations and ensures compliance with reporting requirements
- Respond to inquiries and requests for information from regulatory agencies.
Training and Education:
- Develop and delivers training programs to educate employees on compliance procedures, and regulatory requirements
- Provide guidance and support to departments to ensure understanding and adherence to compliance standards.
Investigations and Remediation:
- Investigate potential compliance violations, ethical concerns, or fraudulent activities.
- Coordinate remediation efforts to address identified issues and prevent recurrence.
- Document investigations and implements corrective measures.
Stakeholder Communication:
- Serve as the liaison between internal departments, senior management, external auditors, and regulatory agencies.
- Communicate compliance requirements, audit findings, and recommendations to relevant stakeholders
- Build and maintains relationships with relevant regulatory agencies
Continuous Improvement:
- Evaluate and improves compliance and audit processes for effectiveness and efficiency
- Monitor industry best practices and incorporates relevant updates into organization’s compliance framework
Risk Management:
- Identify and assess compliance risks associated with business activities and recommends measures to mitigate those risks
- Develop risk mitigation strategies and contingency plans to address potential compliance issues.
Education
The minimum level of academic qualifications, skills, knowledge, and experience required to perform effectively in the role:
- A bachelor’s degree in accounting, Finance, Business Administration, Law or a related field.
- Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Compliance & Ethics Professional (CCEP), or similar credentials is preferred.
- Strong understanding of regulatory compliance requirements and standards
- Excellent analytical and problem-solving skills
- Attention to detail and ability to perform thorough audits and reviews
- Effective communication skills, both verbal and written for interacting with stakeholders and preparing reports
- Proficiency in relevant software and tools for data analysis and audit management.
- Familiarity with relevant laws and regulations, and data protection regulation
- Commitment to ethical conduct and integrity in compliance and audit activities.
- Interpersonal skills to collaborate with cross-functional teams and building relationships to foster a culture of compliance.
- A member of a professional body and in good standing.
Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the necessary documents if need be.