JOB PURPOSE

To support regulatory compliance management by monitoring changes in law and regulatory requirements, embedding statutory compliance frameworks, and ensuring the Bank’s adherence to all relevant prudential guidance, reporting obligations, and license conditions.

KEY RESPONSIBILITIES AND ACTIVITIES

Regulatory Compliance Framework

• Maintain the Bank’s Regulatory & Statutory Compliance Framework in line with CBK requirements and other applicable laws.
• Maintain an up-to-date regulatory universe and compliance register covering all applicable laws, regulations, and guidelines.

Regulatory Monitoring & Advisory

• Monitor changes in laws, regulations, CBK circulars, and prudential guidelines.
• Interpret regulatory requirements and provide clear compliance guidance to business units and management.
• Assess regulatory impact on products, processes, and strategy.

Regulatory Reporting & Submissions

• Coordinate preparation, validation, and submission of all statutory and regulatory returns (CBK, KDIC, IRA, CMA, KRA, ODPC, etc. where applicable).
• Ensure completeness, accuracy, and timeliness of regulatory reports.
• Maintain regulatory submission calendars and evidence repositories.

Policy & Governance Alignment

• Ensure internal policies and procedures are updated to reflect regulatory changes.
• Support governance committees with regulatory compliance updates and compliance attestations.

Regulatory Inspections & Engagements

• Track inspection findings, agree corrective action plans, and monitor closure relating to regulatory compliance.
• Act as a key liaison between regulators and internal stakeholders.

Training & Awareness

• Deliver regulatory compliance awareness sessions to staff.
• Ensure business units understand regulatory obligations applicable to their functions.

PERFORMANCE OBJECTIVES

• Maintain zero material non-compliance with regulatory reporting timelines.
• Demonstrate responsiveness to regulatory changes via updated policies and communication.
• Increase regulatory awareness across business lines.

KNOWLEDGE, SKILLS & EXPERIENCE

Academic

• Bachelor’s degree in Law, Finance, Economics, Accounting, Business Administration, or a related field.
• Postgraduate qualification in Law, Compliance, or Risk Management is an added advantage.

Professional

• At least one of the following:
  • ACAMS or equivalent AML/Compliance certification
  • ICIFA / ICS (Chartered Institute for Securities & Investment – Compliance pathways)
  • CPA (K) or ACCA (for statutory reporting exposure)
• Regulatory compliance or governance training is desirable.

Desired Work Experience

• 4–6 years’ experience in regulatory compliance, legal & compliance, or risk management within a bank or regulated financial institution.
• Hands-on experience with:
  • CBK Prudential Guidelines and circulars
  • Regulatory reporting and statutory returns
  • Regulatory inspections and supervisory engagements

Key Competencies:

• Strong working knowledge of Kenyan banking laws and CBK & other relevant regulations.
• Ability to interpret regulatory text and translate it into practical guidance.
• Strong organisation and deadline management skills.
• Excellent communication and regulatory liaison skills.

Behavioural Competencies

• Professional judgment and regulatory sensitivity.
• Confidence in dealing with regulators and senior management.
• Ethical mindset and independence.
• Calm under regulatory pressure.