About Company
KCB Bank Kenya Ltd. is a subsidiary of KCB Group Plc, East Africa’s largest financial services organization with a rich heritage spanning over a century. Established in 1896, KCB has grown to become a regional powerhouse, offering a comprehensive suite of financial solutions to individuals, small and medium enterprises, and large corporations. With an extensive network of branches, ATMs, and digital channels across Kenya and the broader East African region, KCB is committed to driving economic growth, fostering financial inclusion, and empowering communities. Our vision is to be the preferred financial solutions provider, creating value for all our stakeholders. We pride ourselves on our innovative spirit, customer-centric approach, and a strong culture of integrity and professionalism. Joining KCB means becoming part of a forward-thinking team dedicated to making a tangible impact on the lives of millions. We believe in nurturing talent, providing continuous learning opportunities, and recognizing excellence, ensuring our employees thrive in a dynamic and supportive environment.
Job Description
We are seeking a highly motivated and detail-oriented Risk Analyst to join our esteemed team in Malindi, Kilifi County. In this critical full-time role, you will be instrumental in safeguarding the bank’s assets and reputation by proactively identifying, assessing, mitigating, and monitoring various risks inherent in our financial operations. The ideal candidate will possess a robust understanding of financial markets, regulatory frameworks, and risk management principles, coupled with exceptional analytical capabilities.
As a Risk Analyst at KCB Bank Malindi, you will be responsible for conducting thorough risk assessments across different business units, including credit risk, operational risk, market risk, and compliance risk. You will interpret complex data, develop risk models, and prepare comprehensive reports to senior management, offering actionable insights and recommendations. Your work will directly support strategic decision-making, helping the bank navigate challenges and capitalize on opportunities while adhering strictly to internal policies and external regulatory requirements. This role demands a proactive approach to identifying emerging risks, designing effective control measures, and continuously enhancing our risk management framework. You will collaborate closely with various departments, providing expert guidance on risk-related matters and fostering a culture of risk awareness throughout the organization. This is an exciting opportunity for a professional eager to contribute to a leading financial institution and make a significant impact on its continued stability and growth in the dynamic Malindi market. We are looking for an individual who is not only technically proficient but also possesses strong communication skills to articulate complex risk concepts clearly to diverse audiences.
Key Responsibilities
- Identify, analyze, and evaluate potential risks (credit, operational, market, liquidity, compliance) that could affect the bank's operations and financial stability.
- Develop, implement, and maintain robust risk management frameworks, policies, and procedures in line with regulatory requirements and industry best practices.
- Perform regular risk assessments and scenario analysis to quantify potential impacts and develop mitigation strategies.
- Prepare comprehensive risk reports, dashboards, and presentations for senior management and relevant committees, highlighting key risk exposures and trends.
- Monitor adherence to internal risk limits, regulatory guidelines (e.g., Central Bank of Kenya), and external compliance standards.
- Collaborate with business units to embed risk awareness and ensure effective risk control measures are integrated into daily operations.
- Conduct stress testing and back-testing of risk models to assess their accuracy and effectiveness.
- Assist in the development and delivery of risk management training programs for bank staff.
- Stay abreast of industry trends, regulatory changes, and emerging risks to continuously enhance the bank's risk posture.
Required Skills
- Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
- Minimum of 3 years of progressive experience in risk management within the banking or financial services sector.
- Proven analytical and problem-solving skills with the ability to interpret complex financial data.
- Strong understanding of risk management principles, methodologies, and regulatory requirements (e.g., Basel II/III).
- Proficiency in Microsoft Excel for data analysis and reporting.
- Excellent written and verbal communication skills, with the ability to articulate complex concepts clearly.
- High level of integrity, attention to detail, and sound judgment.
Preferred Qualifications
- Professional certification such as Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), or equivalent.
- Master's degree in a relevant field.
- Experience with risk management software and statistical tools (e.g., R, Python, SQL).
- Familiarity with local banking regulations and the Kenyan financial market.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive medical insurance for employee and dependents.
- Generous pension scheme contributions.
- Professional development and training opportunities.
- Career growth opportunities within a leading financial institution.
- Employee wellness programs.
- Paid annual leave and public holidays.
How to Apply
Interested candidates who meet the above qualifications are encouraged to apply by clicking on the application link below. Please ensure your application highlights your relevant experience and qualifications for this role. Only shortlisted candidates will be contacted.