Risk and Compliance Officer at AAR Insurance

Risk and Compliance Officer at AAR Insurance – AAR Insurance Kenya Job Details

About the Role

AAR Insurance is recruiting a Risk and Compliance Officer for its Nairobi headquarters. This is a full-time position reporting directly to the Group Head of Risk & Compliance, where you will play a central role in identifying, assessing, and mitigating enterprise risks across the organisation. You will support the company’s regulatory obligations in Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), data protection, and business continuity management while ensuring alignment with corporate governance standards and industry best practices.

AAR Insurance is a licensed financial services provider and member of the Association of Kenya Insurers (AKI), operating through an extensive network of branches and brokers across Kenya. Banking jobs in Nairobi require professionals who can balance risk mitigation with operational efficiency—this role demands exactly that. You will work with multiple departments to consolidate risk assessments, monitor compliance trends, and drive the implementation of control measures.

Key Responsibilities

• Monitor and coordinate the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) program on a daily basis, including preparation of Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) for submission to the Financial Reporting Centre.
• Conduct periodic AML/CFT risk analyses on clients, agents, and products; perform customer due diligence (CDD) reviews and prepare risk assessment findings.
• Support the development and maintenance of AML/CTF training materials, guidance documentation, and internal control procedures.
• Perform risk and control assessments by defining inherent and residual risk levels, evaluating control design and operational effectiveness, and establishing action plans to remedy gaps.
• Identify and analyse key risk indicator trends; monitor implementation of corrective action plans for indicators that exceed risk appetite thresholds.
• Execute functional control self-assessments, determining relevant controls for testing, defining sample sizes and standards, and reporting assessment outcomes to management.
• Conduct root cause analysis on identified risk and compliance events; monitor remediation efforts to ensure full resolution and prevent recurrence.
• Consolidate risk reports from departmental risk champions and assist in preparing quarterly risk and compliance reports, risk dashboards, and management briefings.
• Monitor adherence to anti-bribery, data protection, conflicts of interest, and Treating Customers Fairly (TCF) policies across the organisation.
• Support business continuity planning activities including impact analysis coordination, test participation, and documentation maintenance.
• Assist in organising and delivering staff induction and training sessions on risk registers, AML, data protection, and compliance topics.
• Act as the risk and compliance champion on Environmental, Social, and Governance (ESG) matters and support the annual review of policies, procedures, and internal controls.

Requirements & Qualifications

• Bachelor’s degree in Law, Business Administration, Risk Management, Accounting, Finance, or a related field; or HND with relevant professional certification.
• Minimum one year of experience in managing risk management frameworks, governance structures, and compliance programs within a regulated financial services environment.
• Professional certification such as CRISC, CISM, CISA, CFE, CPA, or a Diploma in Insurance is advantageous.
• Strong knowledge of regulatory and legal requirements including data protection legislation, financial services regulations, AML/CFT standards, and industry-specific compliance obligations.
• Demonstrated analytical and problem-solving skills with the ability to assess complex risk situations and develop practical mitigation strategies.
• High ethical standards, integrity, and discretion when handling sensitive compliance and risk information.
• Excellent written and verbal communication skills with the ability to prepare clear, detailed reports and briefing materials for senior management.
• Ability to work both independently and collaboratively with the capacity to influence stakeholders across all organisational levels.
• Strong attention to detail and proficiency in preparing comprehensive compliance and risk documentation.

What to Expect

• You will work in a structured compliance environment with clear reporting lines and defined risk governance frameworks, typical of regulated banking institutions across Kenya.
• The role involves regular interaction with multiple departments, external regulators, and senior leadership, requiring both technical knowledge and stakeholder management capability.
• This Risk and Compliance Officer at AAR Insurance position in Nairobi is open to qualified candidates. Click Apply below to submit your application.