Deputy Manager, Virtual Asset Service Provider Licensing & Products Approval at Central Bank of Kenya

Job Purpose

The role holder reports to the Head of Section, Payment Services Authorization and Approvals, and assists the team in the review and analysis of applications by virtual asset service providers (VASPs) to ensure compliance with the VASPs Act and Regulations.

Key Duties and Responsibilities

Technical and Operational Responsibilities

• Review VASP applications in line with the VASP Act and Regulations and make recommendations to the Section Head.
• Make recommendations for policy interventions to encourage financial innovations.
• Analysis of applications and the requisite licensing documents for new VASPs.
• Processing of application for approval of New products/ Company names for new VASPs.
• Review and recommend for approval any new VASP products/service for licensed VASPs.
• Correspond with applicants for new VASPs vider on licensing requirements and other related queries.
• Organize and document meetings with prospective new VASPs for regulatory guidance.
• Updating new products applicants’ log.

Other Responsibilities

• Deputize the Section Head.
• Sectional budget development and monitoring.
• Coordinate knowledge exchange programmes.
• Participate in stakeholder forums on payment systems and innovations.
•  Any other assigned roles and responsibilities.

Qualifications

• Bachelor’s Degree in a relevant field e.g. Economics, Law, Statistics, Computer Science or Business.
• Professional qualifications and memberships are an added advantage.

Work Experience

At least six (6) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations, with at least two (2) years in a supervisory capacity.