23 Risk Assessment jobs in Nairobi

• Developing and maintaining risk assessment frameworks and methodologies.
• Analyzing large datasets to identify trends, patterns, and potential risk exposures.
• Preparing detailed reports on risk findings and recommendations for senior management.
• Designing and implementing risk mitigation plans and monitoring their effectiveness.
• Staying abreast of regulatory changes and industry best practices in risk management.
• Collaborating with internal audit to ensure compliance with internal policies and external regulations.
• Providing training and guidance to other departments on risk management principles.
• Developing and managing key risk indicators (KRIs) and dashboards.
• Conducting scenario analysis and stress testing to evaluate the impact of potential adverse events.
• Contributing to the continuous improvement of risk management processes and tools.

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field. A Master's degree is a plus.
• Minimum of 5 years of experience in risk management, preferably within the insurance industry.
• Strong understanding of insurance products, underwriting, and claims processes.
• Proficiency in statistical analysis and data modeling techniques.
• Experience with risk management software and tools (e.g., SAS, R, Python).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to present complex information clearly and concisely.
• Ability to work independently and collaboratively in a team environment.
• Detail-oriented with a high degree of accuracy.
• Proven ability to manage multiple projects and meet deadlines.

• Bachelor's degree in Chemical Engineering or a related field; Master's degree preferred.
• Minimum of 8 years of experience in process safety engineering within the chemical or petrochemical industry.
• In-depth knowledge of Process Safety Management (PSM) principles and standards.
• Proven experience conducting various types of Process Hazard Analyses (PHAs).
• Familiarity with Safety Instrumented Systems (SIS) design and application.
• Strong understanding of relevant industry regulations and best practices.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a remote setting, providing critical safety oversight.

Lets Write Africa's Story Together
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description
The purpose of this job is to support the Enterprise Risk Management and Compliance function through the implementation of the Risk Management and Compliance Framework within the standards defined by the Group, including the identification, measurement, monitoring and reporting of risk and enforcing compliance with policies, processes, procedures and controls.

• Responsibilities
• Monitor implementation of the Group's risk policies, procedures, standards, systems and guidelines and identify gaps to be closed (30%)
• In conjunction with the Group Head of Financial Risk, conduct stress tests, sensitivity analysis and scenario simulations to update the Board and EXCO on the risks that the company is facing and how to mitigate them (20%)
• Monitor full compliance against established risk standards/benchmarks and regulatory requirements, including transaction monitoring, tracking risk & compliance matrix and review of reports sent to the regulator (10%)
• Identify potential areas of risk and control gaps; provide guidance on how to mitigate the risks identified; conduct follow-up to ensure corrective actions are implemented (10%)
• Provide the necessary awareness among management and staff through guidance, communications, and training to ensure compliance with the company's framework and methodologies, including internal policies, procedures, standards and guidelines (10%)
• Provide regular reporting as required on risk and compliance, including Dashboards and Reports for Financial, Operational risk (including business continuity), compliance and AML/CFT reports, quarterly Board reports, and Risk Management Reports MANCO (10%)
• Adequacy of personal competence through continuous professional and technical education to effectively perform risk and compliance tasks (10%)
• Main Activities
• Conduct identification and assessment of the risk gaps for each functional area /department of the company and recommend controls to reduce residual risk.
• Conduct independent monitoring and oversight of the risk appetite limits.
• In conjunction with the Group Head of Financial Risk, conduct gap analysis and stress tests for market, credit risk and liquidity risk to update the Board and EXCO on the risks that the company is running and how to mitigate them.
• Prepare periodic reports to regularly update the financial and operational risk exposures and circulate them to the various Heads of Department for action.
• Review of Risk and Control Self-Assessment (RCSA), incidence reports, key risk indicators (KRIs), loss data collection, and conduct other risk analytics.
• Assist in the development of the company Risk management standards reviews of all policies, policy guidelines and procedures that provide direction on processes within the company.
• Assist with conducting compliance risk assessments with a focus on AML/CFT and assess AML/CFT risk from new products, delivery channels, and services and conduct annual AML/CFT risk assessment.
• Knowledge and Experience
• Bachelor's degree in actuarial science, finance, business administration or related field
• Professional certifications or qualifications in Actuarial Science or Risk Management required.
• A minimum of 5+ years in mid-level risk management experience in the insurance sector.
• Skills and Competencies
• Excellent communication skills.
• Financial risk expertise highly preferred.
• Demonstrated ability to motivate and manage a diverse team toward strategic goals of the risk management function.
• Demonstrated ability to build consensus across various constituencies and achieve results through the effort of others.
• Strong planning and organizational skills, with an ability to establish a strategic direction and subsequently outline initiatives and develop priorities in support of that vision.

Skills
Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review

Competencies
Business Insight

Communicates Effectively

Courage

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date
02 October 2025 , 23:59

The Old Mutual Story

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. Our purpose is to inspire confidence and empower change. We have a notable Africa Footprint serving clients across the continent. Our East Africa practice comprises Kenya, Uganda, Tanzania, and Rwanda.

The Nairobi office serves as the regional coordinating office providing the required networking to facilitate delivery of services on a timely basis to meet and exceed our clients' expectations.

Key roles and responsibilities

Manage Engagements.

• Supporting with the organization and execution of multiple financial risk management engagements (including projects relating to regulatory, credit risk management / modelling, market risk / valuations, etc.).
• Supporting with other strategic engagements to assist clients with enhancing their financial risk management capabilities.
• Developing a client account plan and engaging with a vast client-base within the financial services industry, including banks, development finance institutions, micro-lenders and retailers.

Business Development.

• Develop and maintain relationships with decision makers at key clients
• Contribute to proposal development efforts
• Manage engagement risk and project budget
• Report to Africa USAID account lead partner on key performance metrics – Pipeline & assignments

Team Development.

• Support the development of strong delivery teams, from recruitment, mentoring, on the job development and retention
• Day-to-day management of staff to deliver on assignments and project, as well as perform administrate task over the team management (such as planning, operational matters and budgeting)
• Mentor /coach senior staff with career growth.

Personal Development.

• Involvement in community and office initiatives
• Contribute to thought leadership via at least three activities e.g. articles and speaking at events
• National / local training instructor
• Ensure continuous learning through compliance to 40 Continuous Professional Development (CPA) hours

Risk Management

Ensure 100% compliance to Quality and Risk Management Policies, Standards and Procedures.

Any other tasks that will be assigned to you.

Lead- Financial Risk Management

Academic/Professional qualifications and Experience:

• Must have a Master's degree in accounting, business, actuarial science, or related relevant degree course
• Must have a minimum 10 years of experience in a quantitative credit risk-based role.
• FRM (GARP) is an added advantage
• Coding experience is an added advantage.

Technical competencies & Personal attributes:

• Relevant experience within a quantitative credit risk-based role would be desired.
• Well versed in contemporary mathematical / statistical techniques and practices in financial risk management areas (e.g. credit risk modelling, etc.).
• Strong analytical & problem-solving skills, with the ability to proactively engage and consult with others across all levels.
• Must demonstrate strategic insights on client management and engagements.
• Experience of leading teams, coaching and mentoring staff.
• Able to work effectively in a fast-paced environment with conflicting priorities and deadlines.
• Drive market opportunities and engage with clients.
• Strong business writing, report writing, presentation and research skills.
• A high aptitude for learning new approaches and innovation.
• Proven experience in formulating business strategy and growth.
• Diligent and committed to excellence.
• Excellent coordination and planning skills.
• Resilience and Tenacity: must be able to always sustain motivation and commitment and can contain and absorb stressful moments and issues.
• Willingness to travel within and outside the region on a need basis.

We offer:

1. An exciting opportunity to work with a Big 4 firm on cutting edge clients across Africa.
2. Continuous learning and development.
3. Exposure to multi-disciplinary client service teams.
4. Unrivalled space to grow and be innovative.
5. Opportunity for international travel.

If your career aspirations match this exciting opportunity,

please use the link below to apply:

If your career aspirations match this exciting opportunity, please use the link below to apply: Financial Risk Management Lead – Candidate's Summary. Filling the link is mandatory for consideration alongside your application to quoting '
Financial Risk Management Lead'.
This position shall be shortlisted on a rolling basis.

Please note that only shortlisted candidates will be contacted.

• Develop and implement robust risk management frameworks and policies.
• Identify, assess, and quantify various financial risks, including market, credit, operational, and liquidity risks.
• Design and oversee stress testing and scenario analysis programs.
• Monitor key risk indicators (KRIs) and ensure timely reporting to senior management and regulatory bodies.
• Collaborate with business units to embed risk management principles into daily operations.
• Develop and maintain risk models and analytical tools.
• Ensure compliance with relevant financial regulations and industry best practices.
• Provide expert advice and guidance on risk-related matters to support strategic decision-making.
• Lead and mentor a team of risk analysts in a remote environment.
• Stay abreast of emerging risks and market developments.
• Prepare comprehensive risk reports and present findings to executive leadership.

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related field.
• Professional certifications such as FRM, CFA, or PRM are highly desirable.
• Minimum of 7 years of progressive experience in financial risk management within the banking or financial services sector.
• In-depth knowledge of risk management principles, methodologies, and regulatory requirements (e.g., Basel Accords).
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and tools, as well as advanced Excel and statistical analysis packages.
• Excellent communication, presentation, and interpersonal skills, with the ability to influence stakeholders in a remote setting.
• Proven leadership experience and the ability to manage and develop a remote team.
• Strategic thinking and a proactive approach to risk identification and mitigation.

• Develop and implement enterprise-wide risk management policies and procedures.
• Identify, assess, and monitor financial risks, including credit risk, market risk, liquidity risk, and operational risk.
• Design and oversee stress testing and scenario analysis programs.
• Develop risk appetite statements and key risk indicators (KRIs).
• Ensure compliance with relevant financial regulations (e.g., Basel Accords, local banking laws).
• Collaborate with business units to integrate risk management into strategic decision-making.
• Prepare comprehensive risk reports for senior management and the Board of Directors.
• Lead and mentor a team of risk analysts and managers.
• Stay abreast of emerging risks and evolving regulatory landscapes.
• Develop and maintain strong relationships with internal and external stakeholders, including regulators.

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field. A professional certification like FRM or PRM is highly desirable.
• Minimum of 7-10 years of progressive experience in financial risk management within the banking or financial services sector.
• In-depth knowledge of various financial risk types and risk modeling techniques.
• Proven experience in developing and implementing risk management frameworks and policies.
• Strong understanding of banking regulations and compliance requirements.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Exceptional leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Proficiency in risk management software and data analysis tools.
• Ability to manage complex projects and lead cross-functional teams in a remote setting.
• Demonstrated ability to think critically and make sound judgments under pressure.