FLORAH MUTHAURA

overview: Kenya Mortgage Refinance Company Plc (KMRC) is a financial services company in Kenya that specializes in lending to other financial institutions in the country for onward lending in the form of mortgages.

 In charge of implementing the Company’s Risk Management Policy Framework as
periodically revised and approved by the Board of Directors while ensuring that the
The company’s key risks of credit, market, andoperational are identified, assessed, measured,
controlled and managed prudentially;
 Co-ordinate and oversee theimplementation of the Company’s Risk Management Policy
Framework;
 Ensure adherence to set thresholds in the grant of credit; lending programs and
treasury operations with all excess approved/ratified by the Board;
 Ensure all teams working within the company are embedding and actively enforcing
risk management, monitoring and resolution tools and reporting as required;
 Formulate new policy guidelines to manage credit, market and operational risks in line
with emergent Best Practices;
 Convene and lead periodic meetings to discuss the Company’s risk profile with
Management Staff;
 Monitor compliance with both internal policies and external regulatory requirements, and
highlight problem areas, together with required remedial actions;
 Prepare and present the Company’s risk profile to the Credit & Risk Committee of the
Board (as and when required), highlighting key risks facing the company and
recommending appropriate mitigating measures;
 Ensure that the regulatory regime is not only complied with but is also reported on in a
timely manner and accurate manner;
 Develop work plans and budgets for the department for approval;
 Oversee the execution of departmental work plans and budgets;
 Oversee performance management of staff in the department;

Overview: The Privatization Commission is a corporate body established under Section 3 of the Privatization Act (2005). It was established to make and implement specific proposals for privatization in accordance with the Privatization Programme.

Responsibilities
 Provide leadership, maintain discipline, trains and appraises staff in the team;
 Motivate and nurture the department to achieve overall objectives;
 Lead the department by budgeting, planning and directing resources to achieve targets and objectives;
 Supervise the development, implementation and management of Risk and compliance policies;
 Ensure performance measures are designed to evaluate performance against the strategic plan;
 Ensure reporting on work done into the reporting structures in the Institution on a monthly; quarterly or annual basis;
 Take responsibility for the reports emerging from the division and all documentation sent to the Executive Director and the Commission Board.
 Oversee division’s budgeting, monthly, quarterly and annual reporting, cash flow and debt management.
 Play a senior leadership role in bringing the internal community along to support the outputs delivered by developing effective and strategic relationships.

Overview: Standard Chartered offers banking services in some of the world’s most dynamic markets, including Asia, Africa, and the Middle East.

Responsibilities
 Creating a Centre of Excellence for financial controls, providing guidance and support to all Units in Africa Finance Operations in driving and directing compliance and promoting a strong risk management and compliance culture.
 Coordinate and consolidate Finance Operational Risk Committee (FORC) papers and ensure that all risks / issues for the Africa Finance Operations are clearly articulated, discussed and followed up for closure.
 Timely circulation of Operational Risk Profile to Head Financial Controls and Finance Systems - Africa, Head of Governance and Controls - GSSC Kenya, and FORM Forum coordinator.
 Guide and train relevant Africa Finance Operation teams in proper identification and escalation of finance operational risks according to Group Standards.
 Ensure process, standards and risk compliance (including security, regulatory and audit requirements) are met.
 Coordinate with other FORMs across Africa to ensure standardization of Financial Control and operational risk management assurance (ORMA) processes and procedures.
 Managing Financial and Operational Risk.
 Ensuring adequate security system controls are in place;
 Engaging in staff awareness programmes on risk;
 Engaging with internal audit in audit planning, review audit comments and track action items;
 Reviewing strategic project risks and ensuring development and implementation of risk processes;

Overview: Old Mutual Kenya (OMK) is a financial services group providing leading protection, investment, savings, retirement benefits, banking, and stockbrokerage solutions.

Responsibilities

§ Drafting and implementation of compliance risk management and monitoring plans;

§ Drafting and implementation of business continuity plans and disaster recovery plans.

§ Implementing Risk management framework;

§ Establishing and embedding risk culture across the business unit through risk awareness;

§ Providing oversight for risk management across the business unit;

§ Ensuring Old Mutual risk policies are implemented and complied with and that there is appropriate risk quantification to ensure appropriate prioritization and action;

§ Providing support and assistance to business unit management to embed risk management;

§ Ensuring that risk reports and management risk assessment results are produced and provided to reporting entities;

§ Identifying inter-relationship of risks between business functions to ensure appropriate ownership of risk and management action;

§ Escalating non-compliance through defined escalation frameworks;

§ Monitoring business compliance to regulations;

Overview: Old Mutual Asset Managers is an international financial services group whose activities are focused on asset gathering and fund management with a commitment to making a difference in the lives of Kenyans by helping in the attainment of financial goals and offering good returns to investors.

Responsibilities

§ Daily bank reconciliation of client information;

§ Processing cash and investment entries;

§ Preparation of monthly and quarterly reports for clients and channels;

§ Client portfolio holding reconciliation and custody reports;

§ Forwarding investment instructions to custodians for settlement;

§ Preparation of daily and weekly unit pricing for Old Mutual Life Assurance and Investment services;

§ Ensuring compliance checklists for business have been completed by specific business units;

§ Respond to general queries from auditors, clients, and administrators.