Job Openings at Central Bank of Kenya

Job Purpose

The role holder will be responsible for evaluating and assessing the effectiveness, efficiency, and security of the Information Technology Systems and processes of the licensed institutions to ensure compliance with, regulatory requirements, best practices and industry standards.

Key Duties and Responsibilities

Strategic Responsibilities

• Contributes as appropriate to the overall achievement of the Central Bank’s strategic objectives.

Technical and Operational Responsibilities

• Conduct regular inspections and examinations of Financial Institutions’ ICT systems, evaluating their adherence to internal policies, regulatory guidelines, and best practices.
• Review systems for effectiveness in preventing fraud, money laundering, and ensuring financial integrity.
• Assess Disaster Recovery, Business Continuity Planning, and Incident Management procedures in place within institutions.
• Assess the adequacy of ICT and information systems operations of Financial Institutions, ensuring compliance with regulatory requirements, security protocols, and sound operational practices.
• Evaluate the ICT infrastructure, Applications, and Security Systems to assess their adequacy in supporting Financial Operations, Security, and Regulatory Compliance.
• Review and provide recommendations on approval of the introduction of innovative products and requests to outsource ICT services by financial institutions.
• Review external ICT audit, vulnerability assessment and penetration testing reports submitted by Financial Institutions and enrich the institution’s risk profile based on the findings.
• Ensure that Financial Institutions comply with CBK Prudential Guidelines and Regulations, Risk Management Guidelines, Data protection laws, and international standards related to IT systems and Cybersecurity (e.g., ISO 27001, NIST, Basel Committee guidelines).
• Identify and assess emerging risks related to ICT systems, such as Cybersecurity threats, operational vulnerabilities, and technology governance issues.
• Provide guidance and support to Financial Institutions to improve their IT systems, security practices, and Risk Management frameworks.
• Contribute to the development and refinement of regulatory policies, frameworks, and guidelines related to IT governance, Cybersecurity, and Technology Risk Management within the Financial sector.
• Keep abreast of Technological trends, Cybersecurity threats, and Innovations in Financial Services technology to ensure the CBK’s regulatory frameworks remain relevant and effective.
• Monitor ongoing technological advancements in Financial Institutions and evaluate their impact on the Financial system’s stability.
• Any other responsibility as may be assigned by the Line Manager.

Qualifications

• Bachelor’s Degree in Mathematics, Actuarial Science, Statistics, Engineering, Data Science, Computer Science, Economics, Finance or related discipline from a reputable university.
• Certifications such as Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), or Certified Public Accountant (CPA) with IT audit experience or related discipline
• Active membership in at least one (1) relevant professional body.

Work Experience

• At least two (2) year post-qualification experience in Prudential/Bank Supervision, ICT, Engineering, Project Management, Statistics, Actuarial Science, Financial Analysis, Auditing, Accounting, Commercial Banking operations and any other relevant area.

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Job Purpose

The role holder will be responsible for assessing and evaluating the adequacy and effectiveness of cybersecurity frameworks and strategies employed by licensed Financial Institutions through conducting vulnerability assessments and penetration tests (VAPTs).

Key Duties and Responsibilities

Strategic Responsibilities

• Contributes as appropriate to the overall achievement of the Central Bank’s strategic objectives.

Technical and Operational Responsibilities

• Conduct comprehensive onsite surveillance of licensed Financial Institutions to ensure compliance with the relevant laws, regulations and guidelines. This will include normal inspection engagement activities, including examining the adequacy of IT risk management practices of a Financial Institution in support of the accuracy and reliability of Financial Statements.
• Conduct Vulnerability Assessment and Penetration Tests (VAPTs) to evaluate the security of a Financial Institution’s IT systems, network and applications.
• Document the results of inspection engagements in accordance with the Department’s guidelines using the Audit Management software., e.g. TeamMate.
• Conduct Cybersecurity risk assessments of licensed Financial Institutions, covering internal, external and third-party Cyber risks. This includes risks associated with partnerships with Financial Technology (Fintech) companies on the introduction of new products and services.
• Review Cybersecurity policies and procedures instituted by licensed Financial Institutions to ensure alignment with Prudential, Risk Management Guidelines and Best Practices.
• Review licensed institutions’ annual reports on Cybersecurity audits and vulnerability assessments and follow up on the resolution of highlighted recommendations.
• Analyse reported Cybersecurity incidences and prepare periodic reports.
• Follow up with the supervised Financial Institutions on Cyber incidence response and recovery activities for business continuity.
• Coordinate with other CBK departments, including Cyber Fusion Unit (CFU), Banking and Payment Services (BPS) and/or Information Technology Department (ITD) as required, to ensure that optimal guidance and response activities are undertaken by the affected institutions.
• Monitor reported incidents to identify attack trends and determine suitable mitigation strategies.
• Perform other additional tasks that the team will be involved in, including the preparation of various internal and external documents, e.g. memos, reports, and correspondence letters.
• Any other responsibility as may be assigned by the Line Manager.

Qualifications

• Bachelor’s Degree in Computer Science, Computing and Information Systems, Network Engineering or other IT/security/network-related degrees.
• Certified Ethical Hacker (CEH), Licensed Penetration Tester (LPT), Offensive Security Certified Professional (OSCP), Cisco Certified Internetwork Expert (CCIE) Security, CSX Practitioner or related penetration testing certification with IT audit experience preferred.
• Certifications such as Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), or Certified Information Systems Security Professional (CISSP) or related discipline.
• Active membership in at least one (1) relevant professional body.

Work Experience

• At least two (2) year post-qualification experience in Information Systems Audit or Cybersecurity review, vulnerability assessments and penetration test and any other relevant area.

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Job Purpose

The Job holder is responsible for receiving, assessing, processing and managing insurance claims.

Key Duties and Responsibilities

Technical and Operational Responsibilities

• Receive, verify supporting documents and record Insurance claims.
• Register, maintain and update claim details.
• Provide professional advice and feedback on claims matters.
• Keeping detailed and accurate records for claims reported.
• Prepare and submit all information required by the insurer to process claims.
• Open and manage claim files and ensure all subsequent correspondences are properly filed.
• Track and monitor claim progress, keeping an updated record of pending, approved or settled claims.
• Prepare periodic reports on claims received, processed and settled.
• Prepare documents for disbursement of claim funds.
• Ensure adherence to Bank policies regarding Insurance.
• Maintain confidentiality of all claim-related information.
• Any other duties and responsibilities assigned from time to time.

Qualifications

• A Bachelor’s Degree in a Business-related field.
• Diploma in Insurance from a recognised institution.
• Membership of an Insurance professional body is an added advantage.

Work Experience

• At least three (3) years’ post qualification experience in an Insurance company or a busy Insurance firm, acting for Banks/Financial Institutions.

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Job Purpose

The Job holder is responsible for assessing risks and providing advice on the premium to be paid out under an Insurance scheme.

Key Duties and Responsibilities

Technical and Operational Responsibilities

• Evaluate and analyse Insurance proposals.
• Prepare Insurance schedules and place cover for staff and Bank property as and when necessary.
• Ensure prompt communication of cover placement.
• Provide professional advice and feedback on underwriting matters.
• Keep detailed and accurate records for policies underwritten.
• Prepare and submit all data/information required by the insurer to place a cover.
• Maintain a database / spreadsheet of properties insured.
• Generate periodic reports on cover placement, policy renewal, premium summaries and insurance coverage status.
• Compute and collect premiums.
• Facilitate Insurance premium payment / refunds.
• Open and manage underwriting files and ensure all subsequent correspondences are properly filed.
• Ensure all underwriting activities comply with the Bank’s internal policies and Insurance regulatory standards.
• Any other duties and responsibilities assigned from time to time.

Qualifications

• A Bachelor’s Degree in a business-related field.
• Diploma in Insurance from a recognised institution.
• Membership of an Insurance professional body is an added advantage.

Work Experience

• At least three (3) years’ post qualification experience in an Insurance company or a busy Insurance firm, acting for Banks/Financial Institutions.

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Job Purpose

• Reporting to the Director, Central Bank of Kenya Institute of Monetary Studies ( CBK – IMS) the role will be responsible for providing strategic leadership and overall implementation of the Institute’s strategic objective of facilitating capacity building for the Central Bank of Kenya and the Financial Sector locally and in the region.

Key Duties and Responsibilities

Strategic Responsibilities

• Develop and implement Learning and Capacity Development strategy of the Institute in line with the Bank’s Strategic Plan
• Contribute to the strategic positioning of the Institute as a regional Centre of Excellence in Central Banking and Financial Sector capacity development.
• Identify emerging learning and skills relevant to Central Banking, Financial Stability and Monetary Policy.
• Lead the design and periodic review of the Bank’s Competency Framework and Learning and Capability Development Policy.
• Formulate strategies and objectives to support implementation of training programs for the Bank, Financial Sector and regional Central Banks as part of capacity building initiatives.
• Facilitate capacity building for the Central Bank of Kenya to enable it effectively deliver on its statutory mandate.
• Facilitate capacity building for the Financial Sector to widen the client base and attain the revenue target for the Institute.
• Harness and strengthen international partnerships and collaboration to effectively deliver specialized/technical training programs.
• Secure external accreditation or certification for relevant programmes.

Technical and Operational Responsibilities

• Research relevant trends (Political, Economic, Social etc.) that affect the CBK mandate and the Financial Sector to identify relevant training needs.
• Establish standards, benchmarks, and quality assurance mechanisms for all learning interventions.
• Apply learning evaluation models to measure program effectiveness and impact on institutional performance.
• Design innovative approaches for sharing knowledge and stimulating learning for the Bank and the sector.
• Coordinate the development of an annual training plan including schedules, programs, projects, curriculum and identification of trainers for CBK staff and the Financial Sector to support CBK’s mandate.
• Mentor, coach and mobilize teams to achieve planned financial targets.
• Provide leadership and overall coordination of the Division’s operations.
• Train and coach staff and trainers on training methodologies.
• Organize workshops, seminars, and conferences in response to current topical/emerging issues in the Financial Sector.
• Develop and launch specialized market driven programs.
• Coordinate development of training materials, packs, case studies and training aids.
• Effectively work with the hosted institutions to develop and deliver programs for the benefit of the Bank and the Financial Sector.
• Oversee training of new staff in the Division on work procedures and policies to ensure effective on-boarding and delivery of service.
• Coordinate the activities of the library to meet the training and learning needs of the Institute.

Other Responsibilities

• As may be allocated by the Director and Management from time to time.

Qualifications

• Bachelor’s Degree in Education, Business or related Social Sciences.
• Master’s Degree in Education, Business, or related Social Sciences.
• PhD in Business or related Social Science fields from a university recognized in Kenya.
• Professional qualification is an added advantage.

Work Experience

• Minimum of Ten (10) years’ experience in training and development or related field with at least three (3) years at senior management level.
• Demonstratable experience in designing and delivering successful training programs with knowledge of trends in emerging core skills and competencies training.
• Experience working in a large organization with diversified Departments is a plus.