Vacancies at SBM Bank

Job Purpose

To lead the Bank's procurement function, ensuring goods and services are sourced at the best value and in compliance with the Bank's procurement policy.

Key Responsibilities

Technical Aspects

• Development of sound and cost-effective strategies for purchasing goods and services used by the Bank.
• Stakeholder management, including but not limited to the following:
  • maintaining good relationships with key suppliers of the Bank.
  • internal engagements to improve the match between user needs and quality standards/specifications.
  • engagements with other industry players for benchmarking and best practices.

Business Aspects

• Align the procurement plans to the overall strategy of the Bank.
• Preparation of, and adherence to, service level agreements with user departments.

Planning & Control

• Carry out KYC review for all material suppliers of the Bank.
• Develop risk management procedures to mitigate losses arising from the performance of suppliers.
• In conjunction with the Legal department, review all material supplier contracts to ensure that the terms and conditions are favourable to the Bank.
• Carry out periodic supplier performance evaluation.
• Perform secretariat functions of the Procurement Committee.
• Provide leadership to the procurement team.

Key Relationships

Customers of this Position

• All staff
• Suppliers

Knowledge and Skills required for this Role

• Strategy Skills
• Negotiation Skills
• Analytical and Presentation Skills
• Interpersonal Skills
• Knowledge of basic contract laws
• In-depth Knowledge of procurement and purchasing best practices
• Knowledge of Bank’s products and services

Education

• Bachelor’s Degree in Procurement & Supplies Chain Management; or
• Business related degree and a Diploma in Procurement & Supplies Chain Management.
• Membership of the Kenya Institute of Supplies Management is a mandatory requirement

Experience

• 5 years of progressive experience in a procurement function and not less than 2 years in a supervisory role.

Competencies Required for this Role

• High Level of Integrity
• Team player
• Results Oriented
• Business awareness
• Effective Communication – verbal and written
• Self-drive with ability to work with minimum supervision
• Attention to detail

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Job Purpose

The job holder is responsible for managing the liquid assets of the Bank, the liquidity of the bank, investment activities and overall Asset Liability Management function within Treasury.

Key Responsibilities

• Ensure Business Profitability through management of funds to maintain optimal balances, management of liquidity, and interest rate risk and maximizing excess investment cash.
• Formulation of Asset Liability and Investment strategic plan for the department in order to meet Liquidity, revenue, investment income, Securities Trading profits and cost management targets.
• Establish and maintain relationships with local and foreign counterparties and in the process enhance lines with counterparties - local and international.
• Identify and Manage market and settlement risks that the department faces on a day-to-day basis. Also, ensure that all dealers stick to counterparty trading and credit limits.
• Establish and maintain high level contacts with current and targeted customers, regulatory authorities and product partners.
• Ensure compliance with bank's set risk thresholds as well as regulatory limits set by the Central Bank of Kenya.
• Assist the treasurer and ALCO in formulation and implementation of department and bank strategic plans.
• Arrange and attend Meetings with the Central Bank of Kenya / Key banks & Brokers, Money Market teams.
• Streamlining operation procedures and also improving on the same when necessary.
• Ensure compliance with all Risk and KYC standards.
• To arrange for Training and Development of reporting staff to acquire and improve their job knowledge and to prepare them for future leadership positions.
• Create a professional, proactive, and performance-driven culture across the department, through motivating staff by communication and involvement, objective setting and appraisal, training and development, and recognition and appropriate reward, to enable them deliver high-quality output.
• The role will be a proxy to the FX Trading Desk.

Key Relationships

Customers of this position

• All Banks and FIs
• Counterparties for dealings of securities

Qualifications & Experience

Academic and Professional Qualifications

• Bachelor’s degree in related specialization of study.
• Relevant Professional Qualification.
• Member of a relevant professional body.
• Proficiency in Microsoft Office Suite.

Work Experience

• Minimum of 6 years overall experience and out of which at least two (2) years should be at managerial level.

Skills and Competencies

• Demonstrate high levels of integrity.
• Ability to communicate both inside and outside the organization, Formal presentation.
• Dynamic, analytical and self-driven individual with the ability to work under pressure.
• A passion for performance, team player and achievement in a competitive and dynamic environment.
• Hardworking, strategically minded individual with excellent communication and interpersonal skills.
• Thorough understanding of the Forex procedures, Prudential Guidelines and practice and the ability to interact with all levels of management and staff.
• Must have excellent leadership, organizational, and planning skills.
• Good analytical skills and problem-solving skills.
• Excellent negotiating and interpersonal skills.

Accountability

• Delegated Authority
• Management of ALM.