Business Risk and Controls Manager (Commercial, CX, Ops, SSC, Credit, Security, Sustainability, EIB, EGF, Strategy, Legal, Finance, HR, Communications, Administration, EPMO, Tax & Company Secretary) at Equity Bank Kenya

Job Purpose:

Our purpose is transforming lives, giving dignity, and expanding opportunities for wealth creation. 

The Group Business and Functions Risk and Controls Management Specialist is responsible for developing and implementing a risk management strategy that aligns with business objectives. This role is pivotal in safeguarding the organization against potential threats and uncertainties, promoting a proactive approach to risk management, and ensuring business resilience.

Job Responsibilities:

• Develop and implement a comprehensive First Line risk management strategy aligned with strategic objectives.
• Create a process universe for the business functions and units maintain an up-to-date universe
• Identify and assess risks across various business functions and maintain an up-to-date risk register.
• Create a risk universe for the business functions and units and maintain an up-to-date control library, Key Risk Indicators (KRIs), Key Control Indicators (KCIs)
• Liaison with department heads to integrate risk management into business and functions processes and decision-making.
• Establish and maintain risk management policies, procedures, and frameworks within the business function.
• Conduct regular risk assessments to identify emerging risks and update risk profiles accordingly.
• Monitor and evaluate Inherent risks against controls, key risk indicators (KRIs) and liaise with business functions to remediate potential issues.
• Ensure compliance with regulatory requirements and industry standards related to risk management.
• Implement internal and external audit recommendations.
• Implement risk management findings and recommendations in liaison with senior management and relevant stakeholders.
• Serve as the secretary to Business Risk Forums/ DNFRC
• Serve as a member of GNFRC, GFCRC and business & functions management committees
• Train and guide employees at all levels on risk awareness and mitigation strategies within the business functions.
• Design and implement Quality Assurance programs
• Lead the development and maintenance of business continuity and crisis management plans.
• Keep abreast about changes in the business environment, regulations, and industry trends that may impact risk exposure.
• Manage a team of risk management professionals, providing leadership, direction, and support.
• Develop an Operational resilience strategy

Qualifications and Experience

Education Qualifications:

• Bachelor’s degree in business, Finance, Risk Management, or a related field. A relevant certification (e.g., Certified Risk Management Professional, Certified Internal Auditor) is a plus.

Knowledge and Experience Required:

• Minimum of 3 years of experience in risk management, internal controls, or a related field within a corporate environment.
• Proven experience in developing and implementing risk management frameworks and strategies.
• Strong knowledge of risk management principles, regulatory requirements, and industry best practices.
• Strong analytical skills with the ability to identify, assess, and prioritize risks across various business functions.
• Proactive problem-solving abilities to develop effective risk mitigation strategies.
• Excellent written and verbal communication skills.