Senior Manager, Oversight & Compliance at Central Bank of Kenya

Job Purpose

The role holder provides effective leadership in conducting prudential and market conduct supervision to ensure a safe, sound and secure national payment system. The role holder will assist to develop policy geared towards the overall achievement of CBK’s strategic objectives.

Key Duties and Responsibilities

Strategic Responsibilities

• Advise on and formulates payment policy revisions and innovations in line with the strategy of the bank and national and regional priorities.
• Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
• Work effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of his/her role.

Technical and Operational Responsibilities

• Ensure payment systems infrastructure meets international standards through assessment of Payment Systems against international Standards (guided by principles of financial markets infrastructure (PFMIs) and the Oversight Policy Framework ).
• Ensure compliance of KEPSS Operations with the KEPSS Rules and Procedures, NPS Laws, Regulations, Circulars.
• Ensure compliance with CBK Act, NPS Act, NPS Regulations and AML/CFT requirements by Payment Service Providers.
• Designation and revocation of payment instrument/systems as provided in the law.
• Coordinate offsite and onsite oversight of large value and retail payment systems and regional participation..
• Coordinate responses to audit and risk management queries and implement recommendations.
• Oversee the development of a risk management framework for payment systems/instruments
• Review oversight reports prepared for management including the annual oversight reports, Financial Stability Investment Committee (FSIC) report, Financial Stability (FS) report, incident and other ad-hoc reports.
• Review developed data requirements and relevant returns for approval to facilitate oversight of Payment Service Providers (PSPs).

Other Responsibilities

• Review operation manual to include new policies and procedures.
• Participating in various stakeholders’ forums and interdepartmental meetings.
• Mentor, coach the team to achieve planned section activities.
• Work with the legal team to pursue enforcement actions.
• Any other duties that may be assigned from time to time.

Qualifications

• Bachelor’s degree in economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, Mathematics, Computer Science or related field of study.
• Professional qualification in Banking, Accounting, Finance, Risk Management, or related field of study is an added advantage.

Work Experience

• Not less than ten (10) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations, with three (5) years in supervisory capacity.