ABOUT THE COMPANY
The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Bank's Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE).
A Deposit-Taking SACCO regulated by the Sacco Societies Regulatory Authority (SASRA), based in Western Kenya, is at a pivotal stage of growth and transformation. It is seeking to recruit a visionary, strategic and results-driven Chief Executive Officer (CEO) to lead the institution into its next phase.
Reports to:
Board of Directors
Job Profile and Purpose
This position is directly accountable for providing visionary leadership, setting strategy and direction, modelling the institution’s culture and values, leading business development and expansion initiatives, and guiding the overall operations of the SACCO, including its subsidiaries, to ensure sustained growth and success.
Key Responsibilities
Provide strategic leadership and translate the SACCO’s vision, mission and strategic objectives into measurable business and operational plans.
Advise the Board of Directors on strategy, financial performance, emerging risks, market developments and opportunities for sustainable growth.
Implement Board resolutions, policies, approved budgets, strategic initiatives and annual business plans.
Drive sustainable growth in membership, deposits, the loan portfolio, revenue, institutional capital and uptake of the SACCO’s products and services.
Ensure prudent management and optimal utilisation of the SACCO’s financial, human, technological and physical resources.
Participate in Board meetings as an ex-officio member, implement Board decisions appropriately, support the Board in articulating its mandate and those of its committees and individual members, and facilitate regular evaluation of Board performance.
Oversee budgeting, liquidity management, capital adequacy, investment management, cost management and financial reporting.
Maintain a high-quality credit portfolio and ensure effective management of credit, liquidity, operational, financial, cybersecurity, compliance, strategic and reputational risks.
Ensure consistent compliance with all statutory, legal and regulatory requirements of the SACCO, including the Cooperative Societies Act, Sacco Societies Act, applicable rules and regulations, and SASRA Act, and advise the Board accordingly.
Promote a conducive corporate culture that supports strong ethical practices, good governance and employee productivity.
Provide leadership in human resource management, including staffing, performance management, training and development, reward management and retention.
Establish and maintain effective internal controls, risk management frameworks, disaster recovery arrangements and business continuity plans.
Lead the SACCO’s digital transformation agenda, process improvement, cybersecurity and effective use of technology to enhance operational efficiency and member experience.
Promote innovation and oversee the development of relevant, competitive and member-centred financial products and services.
Build and maintain productive relationships with members, delegates, regulators, government agencies, financial institutions, development partners and other stakeholders.
Develop, motivate and retain a competent, ethical, innovative and performance-driven workforce.
Promote a culture of integrity, accountability, teamwork, professionalism, innovation and excellent member service.
Ensure timely preparation and submission of accurate management, financial, risk, audit and regulatory reports to the Board and relevant authorities.
Support the Board in maintaining high standards of corporate governance and implementing recommendations arising from internal audits, external audits and regulatory reviews.
Serve as the principal spokesperson of the SACCO and safeguard its brand, reputation and institutional interests.
Perform any other lawful duties assigned by the Board of Directors.
Minimum Qualifications and Experience
The ideal candidate should possess:
A bachelor’s degree in Finance, Accounting, Economics, Business Administration, Co-operative Management, Commerce or another relevant field from a recognised university.
A master’s degree in Business Administration, Finance, Strategic Management, Co-operative Management or a related discipline will be an added advantage.
Registration with the Institute of Certified Public Accountants of Kenya (ICPAK) and any other professional body, with membership in good standing.
At least seven (7) years of relevant professional experience, with a minimum of ten (10) years in a senior management or executive leadership position.
Demonstrated experience in a SACCO, co-operative institution, bank, microfinance institution or another regulated financial services organisation.
Demonstrable experience in strategy execution, business growth, financial management, credit administration, risk management, corporate governance and organisational transformation.
Strong knowledge of the SACCO business model and Kenya’s co-operative and financial services regulatory environment.
Membership in a relevant professional body, where applicable, and good standing with that body.
Proficiency in relevant business, financial management and digital applications.
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