Risk & Compliance Officer at Eldoret Water and Sanitation Company Limited (ELDOWAS)

JOB REF:  ELDOWAS/HR/2025/RCO/03– 1 post

Reporting to:  GENERAL MANAGER, FINANCE & STRATEGY

Department:  FINANCE&STRATEGY

Terms of Engagement: Permanent & Pensionable

 Job Grade 7

Purpose of the Job

To carry out risk assessments to analyze areas of potential risk and make appropriate recommendations and reports.

Main Duties and Responsibilities

The duties and responsibilities are:

Operational Roles and Responsibilities

• Assist in identifying, analyzing and documenting risks ensuring that action-plans (mitigations) are in place and being implemented;
• Assist in preparing regular (quarterly) reports on status of risks including new risks;
• Create and implement risk awareness programs throughout the ELDOWAS;
• Assist in updating the Enterprise Risk Management framework and other policies, guidelines and/or procedures related to implementation of ERM across the ELDOWAS;
• Continuously research the risk environment (internal and external) to ensure proactive programs for managing risks are in place;
• Undertake risk ratings reviews and scenario planning;
• Assist in keeping an updated company-wide inventory of risk registers;
• Establish and monitor key risk indicators;
• Analyze transactions, internal reports and financial information for potential risks;
• Advise on policies, procedures and control self-assessment tools in response to identified risks;
• Provide training and technical support to management and employees regarding risk management strategies and programs;
• Enforce, implement and train staff on risk policies and procedures;
• Conduct quarterly risk reviews of company investments;
• Conduct risk assessments to analyze areas of potential risk in the investment and business support processes and reports on companywide potential risk areas and weaknesses;
• Carry out investigations on enterprise risk profile to certify that the company risk standards and criteria are met.
• Perform any other duties that may be assigned

Key Result Areas:

The jobholder’s accountability areas are as follows:

• Effective operational cost control of the department’s financial resources;
• Successful implementation of quality control standards for services offered by the department;
• Effective supervision of employees assigned to the department;
• Maximization of productivity in the department;
• Continuous process improvement of services offered by the department;
• Ensure customer satisfaction for both internal and external consumers of the services offered by the department.

Knowledge and Skills Required:

The jobholder must possess:

• Minimum of a Bachelor’s degree in Finance or accounting or business related field;
• Professional qualifications such as CPA, ACCA, CFA, Actuarial or financial risk management;
• Minimum of six (6) years’ work experience;
• Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships;
• Should have thorough knowledge of Risk Management as well as knowledge of regulatory requirements affecting the Audit profession;
• Must have ability to plan, organize, implement and evaluate departmental goals;
• Must demonstrate ability to handle multiple and conflicting priorities, and work under strict deadlines;
• Should have strong analytical and be result oriented;
• Must have high standards of integrity and ethical practice;
• Must be capable of functioning effectively both as a team player and a team leader;
• Must have management and Leadership skills;
• Must have ability to accurately plan work assignments, prioritize tasks and deliver deadlines;
• Should have problem solving and decision making abilities;
• Should be an effective communicator with the ability to handle both internal and external communication;
• Should demonstrate ability to identify and respond to risk areas within the department;
• Should have effective people management and conflict resolution skills;
• Must have knowledge in use of MS Office packages;