Essential Job Details

• Position Title: Risk and Compliance Officer
• Job Requisition ID: JR-69482
• Location: Nairobi, Kenya
• Employment Type: Full-Time, Permanent
• Number of Vacancies: 1
• Salary: Not disclosed
• Category/Department: Risk and Compliance
• Reporting To: Shared Services Risk Manager
• Application Deadline: August 5, 2025, 23:59

Introduction

The Risk and Compliance Officer position at Old Mutual in Nairobi offers a transformative career opportunity for a dedicated professional passionate about ensuring regulatory adherence and mitigating operational risks in a leading financial services organization. This role, situated within the Shared Services division, focuses on embedding robust risk and compliance frameworks to safeguard Old Mutual’s operations while promoting a culture of ethical conduct and accountability. Ideal for Kenyan professionals with expertise in risk management, compliance, and financial services, this position provides a platform to contribute to Old Mutual’s mission of Championing Mutually Positive Futures Every Day, while advancing your career in Nairobi’s dynamic financial sector.

As a key player in Old Mutual’s Risk and Compliance team, you will oversee risk identification, assessment, and mitigation, ensuring alignment with the organization’s risk appetite and regulatory requirements. This role is perfect for individuals with a strong analytical mindset, a commitment to excellence, and a desire to make a lasting impact in a premium African financial services group.

About Old Mutual

Old Mutual is a leading African financial services organization, headquartered in Nairobi and operating across 14 countries. With a rich history and a broad spectrum of offerings, including Life and Savings, Property and Casualty, Asset Management, and Banking and Lending, Old Mutual serves retail and corporate customers with innovative financial solutions. Rooted in its purpose of Championing Mutually Positive Futures Every Day, the organization believes that a great customer experience is anchored in a great employee experience. Old Mutual fosters a diverse, inclusive, and high-performance workplace, emphasizing respect, integrity, accountability, and pushing beyond boundaries. By joining Old Mutual, you will contribute to a dynamic team dedicated to shaping Africa’s financial future while advancing your professional growth.

Key Responsibilities

The Risk and Compliance Officer will assist the Shared Services Risk Manager in establishing and embedding risk and compliance frameworks at the Business Unit (BU) level, ensuring operational integrity and regulatory adherence. The role encompasses a wide range of responsibilities, including risk identification, policy governance, and stakeholder collaboration. Below is a detailed breakdown of the key responsibilities:

1. Risk Management Oversight

• Oversee the risk management process within the Business Unit, ensuring comprehensive identification and assessment of material operational risks.
• Evaluate the design and effectiveness of key controls, ensuring alignment with Old Mutual’s risk appetite and group standards.
• Provide a second-line view on inherent risks, associated controls, and residual risks for changes to products, services, processes, and systems.
• Assess operational risks arising from acquisitions, major change initiatives, or group projects, offering balanced and informed recommendations.
• Recommend changes to the control environment or business practices to maintain risks within acceptable levels.
• Ensure risk/return and control cost/benefit decisions align with Old Mutual’s strategic objectives.

2. Operational Risk Tools and Reporting

• Challenge the relevance and consistency of operational risk management tools, measurement activities, and reporting systems to ensure accuracy and effectiveness.
• Oversee Risk and Control Self-Assessments (RCSAs) conducted by Line 1, verifying completeness of risk identification and control activities, and accuracy of inherent and residual risk ratings.
• Define and maintain meaningful Key Risk Indicators (KRIs) to monitor operational risks effectively.
• Manage risk events, ensuring timely root cause analysis, remediation, documentation, and escalation of significant incidents.
• Track issues through to closure, supporting issue management and visibility.
• Conduct scenario analysis with stakeholders to identify significant operational risks and recommend additional controls or mitigation solutions.
• Act as a point of expertise for operational risk, providing guidance on emerging and key risk trends.
• Maintain oversight and quality control of data in the operational risk management system.

3. Policy and Procedure Development

• Design and maintain operational risk policies, standards, and procedures that balance regulatory requirements and customer experiences.
• Ensure effective communication of risk policies across the Business Unit to promote adherence.
• Embed the Operational Risk Management Framework (ORMF) and related policies across Old Mutual’s operations.
• Coordinate annual localization of risk policies and procedures to align with BU objectives.
• Assess compliance with policies, emphasizing controls, and develop management action plans for non-compliance.
• Update the policy and process library to reflect current standards and practices.

4. Financial Reporting and Monitoring

• Conduct qualitative and quantitative monitoring of Old Mutual’s exposure to operational risks, including trend analysis and regulatory capital reviews.
• Compile operational risk reports, dashboards, and metrics for Executive Management and Board reporting.
• Proactively identify and escalate operational risks and issues that exceed the group’s risk appetite.
• Prepare detailed risk reports that provide actionable insights for stakeholders.
• Support the Risk Management Committee by producing timely committee packs and minutes for monthly meetings.

5. Training and Risk Culture

• Promote a positive risk culture by developing and delivering training materials on operational risk.
• Conduct training sessions to enhance staff understanding of risk and compliance obligations.
• Collaborate with HR to ensure compliance training aligns with organizational needs.
• Raise awareness of risk management practices to foster accountability and ethical conduct.

6. Project and Product Risk Management

• Evaluate projects and new products for potential risks through comprehensive risk assessments in partnership with the Enterprise Risk Management office.
• Collaborate with cross-functional teams, including project management, actuarial, legal, IT, and quality assurance, to integrate risk management into project cycles.
• Provide risk mitigation advice to ensure informed decision-making during project development.

7. Anti-Money Laundering (AML) Compliance

• Support the implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Proliferation Financing (AML/CTF/CPF) programs at the BU level.
• Ensure AML/CTF/CPF measures are effectively embedded in business processes.
• Monitor compliance with AML regulations and address any identified gaps.

8. Data Privacy Compliance

• Support the implementation of privacy compliance controls at the BU level.
• Communicate and track data privacy gaps, ensuring closure with responsible action owners.
• Ensure adherence to data protection regulations and internal policies.

9. Audit Follow-Ups and Closure

• Follow up on internal and external audit findings in conjunction with the control environment team and risk owners.
• Ensure adequate resolution of audit findings, tracking progress through to closure.
• Support independent reviews to address compliance issues and implement recommendations.

10. Regulatory Compliance

• Implement compliance programs, including policies, procedures, and training, to ensure adherence to relevant regulations.
• Conduct monitoring reviews to assess the effectiveness of compliance programs.
• Prepare and report on compliance breaches and remediation actions to relevant committees.
• Ensure timely submission of regulatory reports and returns.

11. Business Continuity

• Oversee the business continuity cycle, including reviews, tests, and maturity assessments within Shared Services.
• Support the development and testing of business continuity plans to ensure operational resilience.
• Conduct risk analysis in line with the Risk Framework, including thematic and quarterly reviews.

12. Additional Duties

• Perform other duties as assigned by the Shared Services Risk Manager to support BU objectives.
• Support risk and compliance assessments for circulation to governance bodies.
• Communicate risk information effectively to stakeholders across the organization.

Qualifications and Skills

To excel as a Risk and Compliance Officer at Old Mutual, candidates must meet the following qualifications and skills, as outlined in the job description and aligned with industry standards:

• Education:
• NQF Level 7 – Bachelor’s Degree, Advanced Diploma, or Postgraduate Certificate in Risk Management, Finance, Business Administration, Law, or a related field.
• Professional certifications such as Certified Risk Manager (CRM), Certified Compliance Professional (CCP), or equivalent are an advantage.
• Experience:
• 2–5 years of experience in risk management, compliance, or financial services, preferably in a banking or insurance environment.
• Proven track record in implementing risk and compliance frameworks in a fast-paced setting.
• Experience with Anti-Money Laundering (AML) and data privacy compliance programs.
• Technical Skills:
• Proficiency in compliance software for monitoring and reporting risk activities.
• Computer literacy, including Microsoft Office Suite (Excel, Word, PowerPoint) for data compilation and reporting.
• Knowledge of regulatory compliance management, including IFRS, AML/CTF/CPF, and data protection regulations.
• Familiarity with operational risk tools, such as Risk and Control Self-Assessments (RCSAs) and Key Risk Indicators (KRIs).
• Soft Skills:
• Action-oriented approach to proactively address risks and implement solutions.
• Effective communication skills (oral and written) to engage with stakeholders and deliver training.
• Decision quality to make informed, balanced risk assessments.
• Accountability to ensure compliance and risk mitigation strategies are executed effectively.
• Ability to manage complexity in navigating regulatory and operational challenges.
• Organizational savvy to collaborate with cross-functional teams and influence stakeholders.
• Trust-building skills to foster a positive risk culture and stakeholder confidence.
• Preferred Skills:
• Experience in audit follow-ups and resolving compliance findings.
• Knowledge of business continuity planning and scenario analysis.
• Training and development skills to promote risk awareness across teams.

Company Culture and Values

Old Mutual fosters a dynamic, inclusive, and high-performance culture, rooted in its purpose of Championing Mutually Positive Futures Every Day. The organization values respect, integrity, accountability, and pushing beyond boundaries, creating a workplace where diverse talent thrives. Old Mutual is committed to equal opportunity, encouraging applications from all backgrounds and ensuring a supportive environment for professional growth. As a Risk and Compliance Officer, you will contribute to a culture that prioritizes ethical conduct, regulatory adherence, and customer-centricity, aligning with Old Mutual’s mission to deliver innovative financial solutions across Africa. The organization’s emphasis on employee experience ensures that you will work alongside passionate professionals in a collaborative, innovative setting.

How to Apply

Apply now for the Risk and Compliance Officer position in Nairobi. To submit your application:

• Prepare your detailed CV and cover letter clearly stating the job title (Risk and Compliance Officer) and Job Requisition ID (JR-69482) in the subject line.
• Submit your application via the online portal: Apply for Risk and Compliance Officer.
• Applications must be submitted by August 5, 2025, 23:59.
• Only shortlisted candidates will be contacted.
• Note: Old Mutual is an equal opportunity employer and does not charge any fees during the recruitment process. For assistance or accommodations due to a disability, contact the employer directly through the application portal.

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Risk and Compliance Officer, Nairobi jobs, financial services careers, compliance jobs, risk management careers

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Role Overview

The Risk and Compliance Officer role at Old Mutual in Nairobi is a pivotal position within the Shared Services division, focusing on embedding risk and compliance frameworks to ensure operational integrity and regulatory adherence. This role involves overseeing risk identification, assessment, and mitigation, as well as supporting policy governance, audit follow-ups, and business continuity planning. Ideal for professionals with a strong background in risk management and compliance, this position offers a chance to contribute to Old Mutual’s strategic objectives while advancing your career in Nairobi’s vibrant financial sector.

Why This Role Matters

As a Risk and Compliance Officer, you will play a critical role in safeguarding Old Mutual’s operations by ensuring compliance with regulatory standards and internal policies. Your work will directly impact the organization’s ability to manage risks effectively, maintain a positive risk culture, and deliver exceptional financial services. By identifying and mitigating operational risks, you will contribute to Old Mutual’s reputation as a trusted financial services provider, making this role both impactful and rewarding in Nairobi’s competitive market.

Program Context: Risk and Compliance at Old Mutual

Old Mutual’s Risk and Compliance division is integral to its operations, ensuring that the organization adheres to regulatory requirements and internal standards across its diverse lines of business. The Risk and Compliance Officer role supports the Shared Services Risk Manager in embedding the Operational Risk Management Framework (ORMF) at the Business Unit level. By leveraging tools like RCSAs, KRIs, and scenario analysis, the role ensures that risks are proactively managed, supporting Old Mutual’s commitment to delivering mutually positive futures for customers and employees.

Day-to-Day Responsibilities

The Risk and Compliance Officer will engage in a variety of tasks to support risk management and compliance objectives. Daily responsibilities include:

• Risk Assessment: Conducting RCSAs, reviewing inherent and residual risks, and challenging control effectiveness.
• Reporting: Compiling risk reports, dashboards, and metrics for Executive Management and Board meetings.
• Policy Management: Updating and communicating risk policies to ensure alignment with BU objectives.
• Training Delivery: Conducting training sessions to promote risk awareness and compliance culture.
• Audit Support: Following up on audit findings and ensuring timely resolution of issues.
• Stakeholder Collaboration: Working with cross-functional teams to integrate risk management into projects and operations.
• Compliance Monitoring: Assessing adherence to AML/CTF/CPF and data privacy regulations, addressing gaps promptly.

Skills Development Opportunities

The Risk and Compliance Officer role offers significant opportunities for professional growth, including:

• Enhancing Expertise: Gaining advanced skills in operational risk management, compliance frameworks, and regulatory reporting.
• Developing Technical Proficiency: Mastering tools like compliance software, RCSAs, and KRIs for risk monitoring.
• Building Leadership Skills: Leading training initiatives and influencing risk culture across the organization.
• Gaining Cross-Functional Experience: Collaborating with project management, legal, and IT teams on risk assessments.
• Strengthening Analytical Skills: Conducting scenario analysis and trend reporting to support strategic decision-making.
• Advancing Compliance Knowledge: Deepening expertise in AML/CTF/CPF and data privacy regulations.

These opportunities position you for career advancement in risk management, compliance, or leadership roles within Old Mutual or the broader financial services sector.

Working in Nairobi

Nairobi, Kenya’s capital and largest city, is a vibrant hub for business and culture, hosting major international companies and a thriving financial services sector. As a Risk and Compliance Officer at Old Mutual, you will work on-site in Nairobi, engaging with diverse teams in a fast-paced, innovative environment. Nairobi’s Securities Exchange (NSE), one of Africa’s largest, underscores the city’s role as a financial powerhouse, offering a dynamic backdrop for your career. With access to modern amenities and a rich professional community, Nairobi provides an ideal setting for contributing to Old Mutual’s mission while advancing your professional growth.

Career Growth Potential

The Risk and Compliance Officer position is a gateway to advanced roles in risk management, compliance, or financial services leadership. By working with Old Mutual, you will gain exposure to industry-leading practices, regulatory frameworks, and cross-functional collaboration. Key career growth prospects include:

• Senior Compliance Roles: Advancing to positions like Senior Risk and Compliance Officer or Compliance Manager.
• Risk Management Leadership: Moving into roles overseeing enterprise-wide risk strategies.
• Cross-Functional Opportunities: Transitioning to roles in project management, actuarial, or legal departments.
• Professional Development: Accessing Old Mutual’s training programs and industry certifications.
• Regional Impact: Contributing to Old Mutual’s operations across 14 African countries, enhancing your regional expertise.

The role’s permanent nature and Old Mutual’s commitment to employee development ensure long-term career stability and growth.

Commitment to Diversity and Inclusion

Old Mutual is committed to fostering an inclusive workplace, ensuring equal opportunities for all employees regardless of background. The organization upholds strict policies against discrimination and prioritizes accessibility for candidates with disabilities. As a Risk and Compliance Officer, you will contribute to a culture of respect, integrity, and accountability, aligning with Old Mutual’s core values. The company’s diverse talent pool and emphasis on employee experience create a supportive environment for professional success.

Who Should Apply

The Risk and Compliance Officer role is ideal for professionals with an NQF Level 7 qualification (Bachelor’s Degree, Advanced Diploma, or Postgraduate Certificate) in Risk Management, Finance, or a related field, and 2–5 years of experience in risk or compliance roles. If you have strong analytical skills, expertise in regulatory compliance, and a passion for fostering ethical conduct, this position offers a chance to thrive in Nairobi’s financial services industry.

How to Stand Out as an Applicant

To increase your chances of being shortlisted for the Risk and Compliance Officer role:

• Highlight Relevant Experience: Emphasize your experience in risk management, compliance, or financial services in your CV.
• Showcase Certifications: Include any professional certifications (e.g., CRM, CCP) to demonstrate expertise.
• Demonstrate Analytical Skills: Provide examples of risk assessments, policy development, or audit support in your cover letter.
• Emphasize Communication: Highlight your ability to deliver training and engage with stakeholders effectively.
• Align with Old Mutual’s Values: Reflect your commitment to integrity, accountability, and customer-centricity.

Application Tips

When applying for the Risk and Compliance Officer position:

• Tailor Your CV: Highlight relevant experience in risk management, compliance, or financial services.
• Write a Concise Cover Letter: Address your alignment with Old Mutual’s mission and your qualifications for the role.
• Submit Early: Applications are reviewed on a rolling basis, so apply before the deadline of August 5, 2025.
• Ensure Accuracy: Verify that your CV and cover letter are correctly formatted and include the Job Requisition ID (JR-69482).
• Prepare for Interviews: Be ready to discuss your experience with RCSAs, KRIs, AML compliance, and audit processes.

Why Work at Old Mutual

Working as a Risk and Compliance Officer at Old Mutual offers a unique opportunity to contribute to a leading African financial services organization while advancing your career in Nairobi. Key benefits include:

• Impactful Work: Safeguard Old Mutual’s operations by ensuring compliance and mitigating risks.
• Competitive Benefits: Enjoy a permanent position with comprehensive medical cover and professional development opportunities.
• Dynamic Environment: Work in a diverse, high-performance team with a focus on innovation and collaboration.
• Career Advancement: Access pathways to senior roles in risk management, compliance, or leadership.
• Regional Influence: Contribute to Old Mutual’s operations across 14 African countries, shaping the continent’s financial future.

By joining Old Mutual, you will play a critical role in delivering mutually positive outcomes for customers, employees, and stakeholders, all while building a rewarding career in a premium financial services organization.

Additional Information

Old Mutual is an equal opportunity employer committed to fair and transparent recruitment processes. Canvassing or presenting fake certificates will lead to disqualification, and no fees are charged for applications. Candidates requiring accommodations due to disabilities should contact the employer directly through the application portal. For more details, refer to the official application portal: Apply for Risk and Compliance Officer.

Conclusion

The Risk and Compliance Officer role at Old Mutual in Nairobi is a transformative opportunity for professionals passionate about risk management, compliance, and financial services. By joining Old Mutual, you will contribute to robust risk frameworks, promote ethical conduct, and drive operational excellence in a leading African organization. With a focus on innovation, diversity, and career growth, this role offers a chance to make a lasting impact in Nairobi’s financial sector. Apply today to become part of Old Mutual’s mission to Champion Mutually Positive Futures Every Day.