Jobs at Commercial International Bank (CIB) Kenya

Job Purpose Statement

The Head of Compliance will be responsible for ensuring effective compliance function is in place and ensuring that the Board Approved compliance framework is aligned with the applicable regulatory laws and regulations. The function will also ensure that the compliance framework is being implemented in all areas to protect the bank from regulatory fines, financial loss, reputation damage, and legal ramifications resulting from non-compliance.

Key Responsibilities
Financial

• Ensure appropriate controls are in place to prevent and detect instances of conflicts of interest or patterns of illegal, unethical, or improper conduct by employees.
• Ensure that irregularities and non-compliance issues or breaches of applicable compliance policies and standards are properly investigated, escalated to relevant senior management and the Board Committee with follow-up on correction actions.
• Provide compliance, governance advisory, and support to the bank’s management, business, and control units in order to adhere to the bank’s standards and regulatory requirements.
• Ascertain a compliance assessment on new products, services, and delivery channels being established prior to launch in collaboration with relevant stakeholders.
• Collaborate with internal audit to ensure that any compliance related audit findings are adequately mitigated through a well-defined action plan.
• Assuring that all regulatory requirements, inquiries, and periodic returns are adequately addressed and met on schedule.
• Reports on compliance performance and identified risks to the appropriate senior management and board committee on a regular basis.

Customer

• Ensure appropriate whistleblowing channels, and a framework is in place to encourage employees and other stakeholders to report any noncompliance without fear and protect the whistleblower from any retribution.

Internal Business Process

• Ensuring that the Governance, Compliance, and Control Frameworks of the
• Bank are dynamic and operating effectively.
• Ensure that the compliance program remains up to date with related regulatory requirements as stipulated by the CBK, including AML/KYC and statutory compliance.
• Liaise with external auditors, consultants, and regulatory authorities to make sure that inspection findings have been appropriately rectified.

Functional Responsibilities

• Promote a culture of high ethical standards, commitment to compliance controls within the bank.

Job Specification

Academic

• Minimum of a bachelor’s degree in accounting, Banking & Finance or related discipline (with an MBA, MSC or its equivalent)

Professional Qualifications & Experience

• Professional qualifications e.g., CPA, ACCA & CIMA, CRMA
• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least 15 years’ experience in a Risk, Compliance or Audit Department in a banking environment with a strong understanding of overall banking operations, systems and processes.
• 5 years of which should have been in a Senior position.
• Outstanding performance of duties and exceeding expectations in positions that require strong analytical, problem-solving, decision-making, team building, and leadership skills including the ability to manage risk, compliance, and control activities in a financial institution.

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Job Purpose Statement

• The job holder is responsible for managing and maintaining The Bank’s network infrastructure to ensure maximum availability and security for our banking operations. This role requires a combination of technical expertise in network administration and a strong understanding of banking operations.

Key Responsibilities

Financial

• Identify cost-effective solutions for network infrastructure upgrades and improvements.
• Manage network-related expenditures within budgetary constraints.

Customer

• Ensure seamless network connectivity for all banking operations to provide exceptional service to our customers.
• Collaborate with customer-facing teams to address network-related issues promptly and effectively.

Internal Business Process.

• Design, implement, and maintain network infrastructure to support internal banking processes efficiently.
• Participate in the development and implementation of business continuity and disaster recovery plans for network systems.
• Collaborate with internal stakeholders to assess network requirements and implement solutions that align with business objectives.
• Document network configurations, procedures, and policies to ensure clarity and consistency in network operations.

Functional responsibilities

• Establishing networking environment by designing system configuration, directing system installation, defining, documenting, and enforcing system standards.
• The design and implementation of new solutions and improving resilience of the current environment.
• Maximizing network performance by monitoring performance, troubleshooting network problems and outages, scheduling upgrades and collaborating with network architects on network optimization.
• Undertaking data network fault investigations in local and wide area environments, using information from multiple sources.
• Securing network system by establishing and enforcing policies and defining and monitoring access.
• The support and administration of firewall environments in line with IT security policy.
• Reporting network operational status by gathering, prioritizing information and managing projects.
• Upgrading data network equipment to latest stable firmware releases.
• Configuration of routing and switching equipment.
• Configuration of hosted IP voice services.
• Basic configuration of firewalls.
• Remote support of on-site engineers and end users/customers during installation.
• Remote troubleshooting and fault finding if issues occur upon initial installation.
• Capacity management and audit of IP addressing and hosted devices within data centres.
• Support and administer third-party applications.
• Implement and respond to any audit observations and recommendations.
• Monitor network performance and security, identifying and resolving issues to ensure optimal operation.
• Implement and enforce network security measures, including access controls, intrusion detection systems, and encryption protocols.
• Conduct regular audits and assessments of network systems to ensure compliance with regulatory requirements and industry standards.
• Provide technical support and troubleshooting assistance to resolve network-related incidents and problems.
• Coordinate with external vendors and service providers to procure and implement network solutions as needed.

Job Specification

Academic

• Minimum of a Bachelor’s degree in Information Technology or equivalent (with an MSC in IT or its equivalent)

Professional Qualifications & Experience

Certifications required for this role:

• Professional certifications such as CCNA, CCNP, or equivalent.
• Experience in infrastructure/network environment.
• Hands-on experience with computer networks, network administration and network installation.
• Experience with firewalls, Internet VPN’s remote implementation, troubleshooting, and problem resolution is desired

Desired Work Experience

• A minimum of 5 years of experience in network administration, preferably in the banking sector.

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Job Purpose Statement

Support reconciliation and financial monitoring activities for the Bank. The role involves ensuring the accuracy of General Ledger balances through daily and monthly reconciliations and resolving outstanding items. The officer will also assist in monitoring foreign exchange transactions, investments, fixed assets, and income accounts to support accurate financial reporting and internal control.

Key Responsibilities
Financial

• Ensure an accurate and timely month-end close process by reviewing balance sheet reconciliations, including nostro accounts, troubleshooting issues, and following up on outstanding items in nostro accounts and the Bank General Ledger.
• Conduct General ledger review to confirm data accuracy.
• Assist in processing financial transactions, including payments, ensuring accuracy, compliance, and timely execution.
• Prepare daily, monthly, quarterly, and annual financial reports, ensuring accuracy and completeness.
• Assist in budgeting and forecasting processes to support financial planning and decision-making.

Customer

• Manage stakeholder relationships by ensuring timely escalation and resolution of issues related to risk, exposure, and process optimization to enhance partner satisfaction.
• Co-ordinate with various stakeholders to ensure adherence to processes.
• Enhance internal customer self-service and build internal customer relationships.

Internal Business Process

• Ensure adherence to financial policies, procedures, and regulatory requirements in all reconciliation and payment processes.
• Maintain accurate and up-to-date financial records to support audits and internal controls.
• Assist in monitoring General Ledger (GL) accounts and reconciliation processes to enhance accuracy, improve efficiency, and reduce operational risks.

Functional responsibilities

• Perform daily and monthly bank reconciliations, ensuring accuracy and timely resolution of outstanding items.
• Process financial transactions, including payments, ensuring proper documentation and compliance with financial policies.
• Maintain, review, and analyze General Ledger and trial balance accounts, including system integrity checks and approved corrections.
• Assist in month-end closing activities, including preparation and review of balance sheet reconciliations and resolution of discrepancies.
• Monitor and clear suspense accounts within approved timelines.
• Track and validate foreign exchange transactions to ensure applied rates align with approved internal and published rates.
• Review fixed asset records for correct classification, depreciation, and reconciliation to GL balances.
• Analyze income and expense accounts to identify unusual transactions and support accurate financial reporting.
• Prepare accounting schedules and reports as required.
• Support Environmental, Social, and Governance (ESG) requirements by ensuring accurate financial data, and compliance with internal policies and regulations.
• Perform any other duties as assigned by Management.

Job Specification

Academic

• Bachelor’s degree in a business-related field (Finance, Accounting, Commerce, or equivalent).

Professional Qualifications & Experience

• Professional qualification in Accounting & Finance (ACCA/CPA-K) from a recognized institution is an added advantage.
• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least two years of relevant experience in finance.