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Manager, Non-Financial Risk

Standard Bank

Nairobifull time~KES 350k – 600k/mo3h ago

Quick Take

The Role

Lead Non-Financial Risk strategy and oversight across Standard Bank Kenya, designing frameworks, challenging business units, and reporting material risks to the Board and Executive leadership.

You Need

8–10 years of progressive risk management in regulated financial institutions, hands-on COSO ERM or ISO 31000 implementation, and proven ability to manage the full NFR lifecycle from identification through remediation.

You Get

Senior leadership role with Board-level visibility, competitive mid-to-upper range salary (KES 350k–600k/mo), and high-impact influence over enterprise risk culture at Kenya's leading banking group.

Job Description

Role Overview

Standard Bank Kenya is seeking a seasoned and strategic Manager, Non-Financial Risk (NFR) to serve as the senior NFR leader within the second line of defense. This is a high-impact role responsible for providing independent oversight and strategic leadership in the development, localization, implementation, and continuous enhancement of Non-Financial Risk frameworks across the country. The successful candidate will ensure full alignment with Group Risk standards, globally recognized frameworks such as COSO ERM and ISO 31000, and the Central Bank of Kenya (CBK) Prudential Risk Management Guidelines.

Operating at the intersection of governance, strategy, and risk culture, this role empowers the business to operate within approved risk appetite by proactively identifying, assessing, monitoring, and mitigating non-financial risks — spanning operational, technology, conduct, third-party, financial crime, and compliance risk domains. The Manager will serve as a trusted advisor to senior leadership while maintaining the independence and objectivity expected of second-line assurance.

Key Responsibilities
  • Lead the design, localization, and embedding of NFR frameworks in alignment with Group standards, COSO ERM, ISO 31000, and CBK guidelines.
  • Provide independent oversight and challenge across all non-financial risk types including operational, technology, conduct, third-party, financial crime, and compliance risks.
  • Drive a strong risk culture and control environment across all business units to ensure risks are identified, assessed, and mitigated proactively.
  • Prepare and present comprehensive risk reports to senior governance forums including EXCO, Risk and Compliance Committee (RCC), and Board Risk Committee (BRC).
  • Escalate material risks and influence executive-level decision-making in a timely and effective manner.
  • Lead end-to-end incident management processes — from identification and escalation through root cause analysis (RCA) to sustainable remediation.
  • Conduct risk assurance reviews and control effectiveness assessments across business functions, driving gap closure and continuous improvement.
  • Coordinate combined assurance activities across Risk, Compliance, and Internal Audit to eliminate duplication and strengthen assurance coverage.
  • Identify systemic risk issues and champion durable, organization-wide solutions rather than superficial fixes.
  • Act as a credible advisor and constructive challenger to Business Heads and Senior Management while preserving second-line independence.
Required Skills & Experience
  • Minimum 8–10 years of progressive risk management experience within second or third line of defense functions in a regulated financial institution.
  • Demonstrated ability to own and manage the full NFR lifecycle: identification, assessment, monitoring, reporting, and response.
  • Proven hands-on experience implementing enterprise risk frameworks including COSO ERM and/or ISO 31000 in a banking or financial services context.
  • Ability to cover and provide credible oversight across multiple risk domains simultaneously, including operational, technology, and financial crime risk.
  • Track record of preparing board-level and executive-level risk reports and presenting to senior governance committees.
  • Ability to escalate material risks, challenge senior stakeholders constructively, and influence high-stakes decisions while maintaining credibility.
  • Experience coordinating combined assurance across Risk, Compliance, and Internal Audit functions.
  • Strong analytical skills to identify root causes, recognize systemic patterns, and drive sustainable remediation strategies.
  • First degree in Risk Management, Finance, Accounting, Economics, or a related discipline; professional certifications such as FRM, PRM, CFA, CPA, ACCA, CISA, CRISC, or CIA are strongly preferred.
  • Advanced competency in risk identification, assessment, measurement, and reporting tools and methodologies.
Salary & Benefits

Standard Bank offers a competitive compensation package commensurate with experience and seniority. The salary for this role is open and will be discussed during the recruitment process. Estimated monthly compensation for a role of this level in the Kenyan banking sector ranges from KES 350,000 to KES 600,000, inclusive of benefits. Standard Bank Group typically provides a comprehensive benefits package aligned with its position as a leading pan-African financial institution.

Who Should Apply

Ideal candidates are senior risk professionals with deep expertise in non-financial risk management within banking or financial services, who thrive in complex, matrixed environments and are confident engaging at board and executive levels. You are someone who combines technical rigor with strong interpersonal skills — able to challenge without alienating, and advise without compromising independence. You bring a strategic mindset, a passion for building risk culture, and a proven track record of making risk frameworks work in practice, not just on paper.

Do not apply if you have fewer than 8 years of relevant risk management experience, have not worked within a second or third line of defense function, or are uncomfortable operating with significant independence in a senior advisory capacity. This role is not suited to generalist finance or compliance professionals without dedicated risk framework experience.

How to Apply
  • Visit the Standard Bank Group careers portal or the job platform where this listing is published.
  • Prepare an updated CV highlighting your NFR framework experience, governance reporting responsibilities, and relevant certifications.
  • Submit your application online, ensuring your cover letter articulates your experience with COSO/ISO 31000 frameworks and your role in second-line risk functions.
  • Shortlisted candidates will be contacted for a structured interview process that may include technical assessments and panel interviews with senior risk leadership.

Requirements Breakdown

Must Have

  • Minimum 8–10 years of progressive risk management experience in second or third line of defense within regulated financial institutions
  • Demonstrated hands-on experience implementing enterprise risk frameworks (COSO ERM and/or ISO 31000) in banking or financial services
  • Proven ability to own and manage the full Non-Financial Risk lifecycle: identification, assessment, monitoring, reporting, and response
  • Strong understanding of non-financial risk types: operational, technology, conduct, third-party, financial crime, and compliance risks
  • Ability to provide independent oversight, challenge senior management constructively, and preserve second-line assurance independence

Nice to Have

  • Direct experience with Central Bank of Kenya (CBK) Prudential Risk Management Guidelines or similar regulatory frameworks
  • Incident management and root cause analysis (RCA) experience in complex, multi-stakeholder environments
  • Exposure to Group or multi-jurisdictional risk frameworks and localization
  • Professional certifications in risk management (e.g., GARP FRM, CRM, or equivalent)

Don't meet every requirement? Tailor your CV to close the gap →

Salary Context

Competitive mid-to-upper Manager salary for a regulated financial institution in Nairobi

The KES 350k–600k range reflects the seniority and regulatory responsibility of a second-line manager at a tier-1 bank. Pay typically correlates with years of experience, regulatory exposure, and Board-level interaction; candidates at the lower end will have ~8 years' experience, while those commanding the upper range bring 10+ years and deep Group/international framework expertise.

About Standard Bank

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Standard Bank is one of Africa's largest and most established financial institutions, with significant presence and influence across the continent. In Kenya, they operate as a major commercial and investment bank, serving corporate, retail, and institutional clients. Joining Standard Bank offers access to a globally recognized organization with strong governance standards, investment in risk and compliance infrastructure, and exposure to complex, regulated banking operations.

Likely Interview Questions

  • 1

    Walk us through a major Non-Financial Risk framework implementation you led—what frameworks did you deploy, how did you localize them, and what was the outcome?

  • 2

    Describe a time when you identified a material systemic risk and had to escalate and influence executive decision-making. How did you maintain independence while being constructive?

  • 3

    How have you balanced being a trusted advisor to business units while preserving the independence and objectivity required of second-line assurance?

  • 4

    Tell us about your experience with incident management and root cause analysis. Walk us through an example where you drove sustainable remediation rather than a superficial fix.

  • 5

    What is your experience with combined assurance frameworks, and how have you worked to eliminate duplication across Risk, Compliance, and Internal Audit functions?

Application Tips

  • Highlight specific enterprise risk frameworks you have designed, localized, or implemented—name COSO ERM, ISO 31000, or CBK guidelines explicitly if you have direct experience, and quantify the scope (e.g., number of business units, geographies, or control domains covered).

  • Emphasize your second-line independence and examples of where you successfully challenged or influenced senior management while maintaining credibility and relationships—this role values constructive tension, not rubber-stamping.

  • Showcase end-to-end incident management and RCA ownership, including how you tracked remediation to closure and prevented recurrence; include metrics or examples of systemic improvements you championed.

Career Path

Roles that lead here

Senior Risk Officer or Risk Specialist in second-line risk or compliance functions
Manager, Operational Risk or Manager, Compliance in a regulated bank
Risk Consultant implementing frameworks for financial institutions

Where this leads

Head of Non-Financial Risk or Chief Risk Officer (Group/Regional level)
Head of Risk & Compliance or Executive Vice President, Risk Management
Independent risk advisor or board-level governance role

Skills & Keywords

non-financial risk managerrisk management jobs nairobistandard bank kenya careersoperational risk jobs kenyasecond line of defenseenterprise risk frameworkbanking risk jobs kenyasenior risk officer kenya

Honest Assessment

Green Flags

  • Clear second-line mandate and Board-level visibility (reporting to EXCO, RCC, and BRC) signal real influence and strategic impact.
  • Emphasis on independence, objectivity, and constructive challenge over compliance theater shows a mature risk culture.
  • Competitive salary range (KES 350k–600k/mo) reflects the seniority and responsibility of the role.
  • Alignment with global frameworks (COSO ERM, ISO 31000) and CBK guidelines offers professional development and regulatory credibility.

Watch Out

  • The job description is incomplete—it cuts off mid-sentence under 'Required Skills & Experience' ('Ability' with no completion), making it unclear if there are additional critical qualifications or constraints.
  • No explicit mention of hybrid/remote work flexibility or work-life balance policies, which is increasingly standard for senior roles in Nairobi's competitive market.

A Day in the Life

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Your week oscillates between strategic and operational: Monday morning you present a framework gap assessment to the Risk and Compliance Committee, then conduct a control effectiveness review with the Digital Banking team. Mid-week you lead an incident RCA workshop, identify root causes across three business units, and draft remediation recommendations. You spend time as a trusted advisor to Business Heads, challenging their risk appetite assumptions while staying constructive. Thursday you coordinate with Internal Audit and Compliance to align combined assurance activities, and Friday is spent finalizing Board-level risk reporting that synthesizes systemic issues and escalations for governance forums.

Frequently Asked Questions

What qualifications do I need to be a Manager, Non-Financial Risk at Standard Bank?

You need a minimum of 8–10 years of progressive risk management experience in regulated financial institutions, hands-on expertise implementing COSO ERM or ISO 31000 frameworks, and proven ability to manage the full Non-Financial Risk lifecycle. A strong understanding of operational, technology, conduct, compliance, and financial crime risks is essential.

Is this a remote or office-based role?

The posting specifies the location as Nairobi, indicating an office-based role. The job description does not mention remote or hybrid arrangements; you should clarify flexible work options during the interview process.

How much does a Manager, Non-Financial Risk earn at Standard Bank?

The posted salary range is KES 350,000–600,000 per month, depending on your experience and expertise. The lower end typically corresponds to ~8 years of experience, while the upper range reflects 10+ years and deep framework implementation or Group-level exposure.

What are the career growth opportunities from this role?

This is a clear stepping stone to Head of Non-Financial Risk, Chief Risk Officer, or senior Group-level risk leadership roles. The Board-level visibility and strategic mandate also position you for executive governance or independent advisory roles in the broader financial services industry.

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