Risk And Compliance Officer

CIC Insurance Group

The CIC group has for more than three decades shouldered the risks of Kenyans by providing flexible Insurance and financial services built around their needs. With time, we have innovatively created customized products that have cemented our position as a trusted insurance and financial services provider. Our positioning is simplified and captured in our tagline “We Keep Our Word” reinforcing our commitment to the market.

In 2012 the group won The Annual Insurance Claims Settlement Award for consistently paying our claims on time and was also recently listed at the Nairobi Securities Exchange (NSE). With a compounded annual growth rate of 62% in the past 5 years, our unique M-Bima product has seen us emerge as leading providers of micro-insurance in Kenya.

With a total of 3,878 shareholders and a capital base of Ksh 2.1 billion and 1.3 Million clients, the group ranks among the most successful and fastest insurance company in Kenya and the leading co-operative insurer in Africa. We are also targeting to expand operations in the East and Central parts of Africa.
 

Sector
Business
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https://cic.co.ke/

Risk And Compliance Officer

About the Role

  • Reporting to the Assistant Manager Risk & Compliance, the role will support the implementation and monitoring of the company’s risk and compliance framework, ensuring adherence to regulatory requirements, internal policies, and industry best practices. The role will also play a key part in Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) compliance.

Key Responsibilities

  • Support the execution of the Risk and Compliance Management framework across the business.
  • Assist in AML/CFT compliance activities including client due diligence (CDD), Know Your Customer (KYC) processes, and ongoing monitoring.
  • Investigate AML alerts, manage high-risk customer accounts, and escalate or file Suspicious Activity Reports (SARs) where required.
  • Maintain accurate and up-to-date AML records, compliance logs, and documentation.
  • Assist in preparing and reviewing internal policies and procedures to ensure alignment with regulatory requirements.
  • Support the preparation and submission of regulatory reports to authorities such as the Financial Reporting Centre (FRC) and Capital Markets Authority (CMA).
  • Monitor investment portfolios to ensure compliance with CMA guidelines and internal limits.
  • Conduct routine compliance monitoring and real-time surveillance to identify and mitigate risks.
  • Provide day-to-day compliance guidance to business units on applicable regulations and internal policies.
  • Assist in ensuring compliance of pension portfolios with Retirement Benefits Authority (RBA) guidelines.
  • Support the review of marketing materials and client communications to ensure regulatory compliance.
  • Track regulatory changes and assist in implementation of new requirements.

Who We’re Looking For

Essential Knowledge/Skills and Experience Required:

  • Bachelor’s degree in Finance, Law, Business Administration, or a related field.
  • A Professional certification in risk, compliance or Chartered Institute of Securities and Investment (CISI) will be an added advantage
  • At least 1-2 years’ relevant experience in a compliance, risk or audit role within the financial services industry, preferably fund management or banking.
  • Demonstrated experience in maintaining compliance records, conducting assessments, or supporting regulatory reporting processes.

Method of application

If you are interested and qualified, kindly submit your application via the link provided below,

https://careers.cicinsurancegroup.com/job/risk-and-compliance-officer/?utm_source=Jobinkenya

Deadline   August 19, 2026

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