Senior Supervisor, Risk and Compliance

Madison Group is a leading provider of Life, Investment, Healthcare and General Insurance services throughout Kenya. The Company is recruiting for the following position:

Senior Supervisor, Risk and Compliance 

Reporting to the Head of Risk and Compliance, the successful candidate shall be responsible of initiating, implementing and in liaison with the respective departmental heads, manage the operational, insurance risk and compliance initiatives for the company. 

Duties and Responsibilities 

  • Creating awareness on risk management to facilitate embedding of a risk-conscious culture across the Company.
  • Following-up proactively on action plans put in place by management or the various risk committees to address risk exposures and report on the same. 
  • In conjunction with management, facilitating the identification and assessment of risks in line with the Corporation’s Enterprise Risk Management framework and updating outcomes in the risk registers. 
  • Monitoring  of  risks  and  preparation  of  reports  to  management  and  other  risk committees on various aspects of risk management e.g. reports of monitoring key risk indicators.
  • Conducting risk modelling in line with the various established risk analysis models with application of the Solvency II or Basel frameworks.
  • Conducting risk analysis and quantification of financial and insurance risks through sensitivity analyses and stress testing for financial and insurance risks as well as major projects in the company. 
  • Implement the risks and compliance policies and procedures in place.
  • Conducting  reviews  to  evaluate  compliance  to  laws,  regulations  and  internal procedures.
  • Keep abreast with the applicable laws, regulations, rules and standards in the risk & compliance fraternity and advice on the emerging developments of the same.
  • Provide relevant information required by external bodies and regulators on compliance matters such as reporting suspicious transactions related to money laundering and the fight against terrorism financing. 
  • Team participation both within the department and other departments.
  • Developing a risk rating criteria and coming up with risk registers.
  • Scanning environmental risks and identifying new threats and opportunities that may impact on the business. 

Job requirements 

Qualified candidates are expected to have the following: 

  • Degree in Actuarial Science/Finance/Accounting or a related field 

  • Professional Qualifications in CPA, ACCA, CISA, CIA or CRMA 
  • Four years’ experience in Audit or Risk Management. 

Knowledge, Skills and Abilities Required

  •  Ability to gather data, compile information, and prepare reports 
  • Knowledge of risk management concepts and principles.
  • Understanding of Quality Management Systems 
  • Ability to persuade and influence others. 
  • Ability to work under minimal supervision 
  • Excellent written and oral communication skills 
  • Results driven  

Candidates with the required qualifications, experience and competencies who wish to apply for the above position is required to forward their applications with their CVs, copies of relevant certificates and details of current remuneration to the Human Resource Manager at This e-mail address is being protected from spambots. You need JavaScript enabled to view it not later than 20th September, 2019.