Assistant Director, Risk and Bank Examination at Kenya Deposit Insurance Corporation

Duties and Responsibilities:

• Coordinate formulation and review of policies, guidelines, procedures, and tools for the onsite and off-site examination of all commercial and microfinance banks licensed by Central Bank of Kenya for early detection of potential distress.
• Coordinate the implementation and review of strategies, guidelines, and procedures for undertaking stress testing for all commercial and microfinance banks licensed by Central Bank of Kenya for early detection of potential distress.
• Develop strategies, methodologies, and guidelines for providing incentives for sound risk management to commercial and microfinance banks licensed and regulated by the Central Bank of Kenya.
• Supervise the implementation and review of policies, strategies, guidelines, procedures, tools, and frameworks to enhance financial soundness and risk minimization in the banking system, to trigger early detection of financial distress, and initiate timely intervention and corrective action for protection of depositors’ interests.
• Coordinate the implementation and review of policies, strategies, procedures, guidelines, and models for Systemic Impact Assessment of bank failure, in the country and across the region, to plan prompt resolution of problem banks.
• Supervise the development, implementation, and review of policies, strategies, procedures, guidelines, and models for Viability Assessment for commercial and microfinance banks licensed and regulated by the Central Bank of Kenya, their subsidiaries, and related parties, in the country and across the region, and outline prompt resolution plans for problem banks.
• Coordinate development, implementation, and review of policies, strategies, procedures, and guidelines for financial crisis preparedness and management for commercial and microfinance banks licensed and regulated by the Central Bank of Kenya, and financial sector regulators, in the country and regional agencies.
• Supervise the development, implementation, and review of policies, strategies, procedures, and guidelines for Bank Resolution Planning for commercial and microfinance banks licensed and regulated by the Central Bank of Kenya, their subsidiaries, and related parties, in the country and across the region for prompt resolution of problem banks.
• Coordinate the development, implementation, and review of policies, strategies, procedures, guidelines, and collaboration agreements for Resolvability Assessment of commercial and microfinance banks licensed and regulated by the Central Bank of Kenya, their subsidiaries, and related parties.
• Coordinate development, implementation, and review of strategies to leverage innovation, technology, and business process re-engineering to enhance service delivery to stakeholders and address emerging global trends in bank examination and risk management.
• Coordinate implementation and review of policies, strategies, guidelines, and procedures for identification of emerging global trends and risks, and offer strategic direction on bank risk minimization in the country and regional agencies.
• Coordinate the planning, organization, and implementation of on-site and off-site examination schedules and work plans for commercial and microfinance banks.
• Manage the preparation and subsequent access of relevant bank examination reports and use of findings to advise policy and guidelines.
• Implement procedures, tools, and work plans for the on-site and off-site examination of all commercial and microfinance banks licensed by Central Bank of Kenya.
• Guide in the calibration and parameterization of premium assessment models and methodologies.
• Coordinate stress testing of all commercial and microfinance banks.
• Implement training and capacity-building programs on crisis preparedness, management, and spearhead crisis simulation exercises for the Corporation, financial sector regulators, and regional agencies.
• Supervise the development, implementation, and review of guidelines for data and information sharing, and collaboration agreements by financial safety-net players, strategic and development partners to foster financial stability in the country.
• Supervise monthly, quarterly, and annual Data Analysis and Reporting of the financial performance of all commercial and microfinance banks licensed by the Central Bank of Kenya.
• Implement policies and procedures for dispute and complaint resolution to protect the interests and reputation of the Corporation in the execution of risk minimization and prompt resolution mandate.
• Implement data protection and management processes and guidelines in line with approved policies.
• Implement procedures for risk-based assessment, rating, and reporting of all commercial and microfinance banks licensed by the Central Bank of Kenya.
• Articulate the Corporation’s mandate in stakeholders' forums held to discuss industry topical issues including assessment tools, models, reports, crisis preparedness, and management.
• Coordinate all activities and manage the day-to-day operations for the smooth functioning and efficiency of the Department.
• Develop and review the Department’s strategic objectives.
• Manage the implementation and review of performance management systems to monitor, evaluate, report, and reward performance in line with agreed performance targets and service standards of the Department.
• Draft policy proposals on all matters related to Bank Examination and prompt resolution of troubled banks to inform and advise the Deputy Director as appropriate.
• Implement strategies for effective collaborations and partnerships with commercial and microfinance banks licensed and regulated by the Central Bank of Kenya, financial safety-net players, strategic and development partners, Government agencies, the private sector, and any other relevant stakeholders aimed towards adoption of best practice.
• Implement Board resolutions relevant to the Department.
• Draft responses and coordinate the implementation of internal and external audit recommendations for the Department.
• Provide regular reports and updates to the Deputy Director, Bank Examination on matters related to the Department.
• Appraise the performance of direct reports in the Department.
• Draft position papers on the Corporation’s mandate for the Financial Sector Regulators’ Forum, Financial Sector Crisis Management Committee, and other relevant forums.
• Implement change management and business process re-engineering programs in the Department.
• Manage the development, implementation, review, and enforcement of effective internal monitoring and control systems to support the Department’s operations.
• Supervise the development, implementation, monitoring, and review of the Department’s annual budgets, annual work plan, annual procurement and disposal plan, annual performance contract, and the Department’s periodic reports.
• Manage resolution of public complaints and processing of requests for access to information from the Department to enhance public confidence in relation to the Corporation’s mandate.
• Develop, monitor, and review Quality Management Systems, Information Security Management Systems, risk management, and other ISO Standards for process improvement and enhanced service delivery in the Department.
• Draft procedures for harnessing, conservation, and dissemination of knowledge and information on Bank Risk minimization and prompt resolution.
• Supervise the development, implementation, and review of the Department’s citizen service delivery charter to enhance accountability and transparency in service delivery to stakeholders.
• Implement corruption prevention and mitigation strategies in the Department.
• Implement principles of Corporate Governance, relevant national policies, guidelines, and directives in the Department.
• Manage supervision, coaching, mentoring, training, and development programs for all staff to ensure an efficient and motivated team in the Department.

Requirements for Appointment:

• At least eight (8) years of relevant work experience, with five (5) years in a managerial role.
• Bachelor’s Degree in Commerce, Finance, Economics, Actuarial Science, Business Information Technology, Business Management, Business Administration, or equivalent.
• Master’s degree in related fields is an added advantage.
• Professional qualification in accounting, risk management, actuarial science, financial analysis, or fraud examination.
• Management course certification is desirable.
• Proficiency in computer applications.
• Membership in professional bodies such as ICPAK, GARP, ICIFA, IRM, CFA, ACFE, PRMIA, IIA, ISACA, CRM, or Actuarial Society.
• Professional qualification in accountancy, risk management, financial analysis, fraud examination, internal audit, information technology, or actuarial science.