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Senior Manager, Oversight & Compliance Job CBK

Banking Jobs. Central Bank of Kenya Jobs

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.

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.
  • 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.

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