Officer, Investigations at Kenya Deposit Insurance Corporation

Department: Investigations
Directorate: Resolution
KDIC Grade: KDIC 7

You will carry out daily operations as per the established policies and procedures geared towards tracing and preserving of fraudulently acquired assets from the funds of a troubled institutions either in receivership or liquidation to ensure maximum recovery for the benefit of depositors and creditors.

Key Responsibilities

Operational Responsibilities

• Visiting the relevant government ministries and other agencies to place caveats and restrictions on assets whose ownership is in dispute between a troubled financial institution and a borrower/ debtor of the Institution;
• Liaising with motor vehicle registration agency to aid in tracing motor vehicles offered as securities to the bank/ financial institution in receivership/ liquidation;
• Site visits to confirm actual existence and status of the preserved/ restricted assets in the interest of depositors and creditors;
• Undertaking investigations to lift the corporate veil and identify individual parties responsible for bank failures for effective prosecution;
• Undertaking periodic investigations from relevant government agencies to confirm the status of preserved assets and take remedial action where the preservation mainly caveats and restrictions has been illegally interfered with;
• In liaison with the government security agencies and other private security providers ensure the value of the assets traced and preserved is maintained;
• Conducting searches in lands registry offices to confirm ownership of title documents held as securities by banks/financial Institutions in receivership and liquidation;
• Preparing a status report at regular intervals on all assets successfully traced and preserved and the recovery progress made;
• Skip tracing of debtors / borrowers belonging to banks/ financial institutions whose identity and whereabout is unknown and making recommendations on the best recovery method based on the findings;
• Compiling information required by Bank Fraud Investigation department to support non- conviction-based recovery; and
• Attending assigned court cases to give testimony on behalf of the troubled financial institutions for matters investigated by the department.

Job Competencies

Academic qualifications

• Bachelor’s degree in any of the following disciplines: Commerce, Finance, Economics
• Business Administration or its relevant qualification from a recognized institution
• Certification in fraud examination would be an added advantage.

Work experience

Two years’ (2) relevant experience preferably in Banking Fraud investigations, Forensic examination and Audit.

Functional Attributes

• Investigation skills
• Communication skills
• Analytical skills
• Problem solving skills
• Proficiency in computer application skills
• Interpersonal skills
• Presentation skills
• Report writing skills