Job Purpose

Assist in the implementation of the data supervisory technology strategy for institutions licensed by CBK.

Key Duties and Responsibilities

Strategic Responsibilities

• Contributes as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

• Assist in executing the Data and Analytics Strategy to continuously monitor and analyse the financial soundness of regulated institutions.
• Conduct Information Communication Technology (ICT) research on the development of a strategy to leverage technology to enhance bank supervision processes including but not limited to Regulatory Technology (RegTech) and Supervisory Technology (SupTech) as guided by the Manager, Data Analytics and Regulatory Technology.
• Assist in conducting on-site and off-site surveillance of commercial banks, microfinance banks, and non-bank financial institutions' ICT and cybersecurity aspects to ensure compliance with the banking sector legal and regulatory frameworks.
• Assist in data extraction and analysis for onsite inspection of commercial banks, microfinance banks, and non-bank financial institutions using Computer-Aided Audit Tools.
• Conduct policy research and surveys on emerging regulatory and supervisory aspects, to advise on emerging financial innovations and technology; and make actionable recommendations on emerging opportunities and risks.
• Conduct continuous research and be updated on emerging regulatory and supervisory aspects of financial technology (FinTech) within, and across the Kenyan banking industry, including its policy implications, to provide leadership and direction in line with the rapidly evolving innovations, locally and globally.
• Review external ICT audit and vulnerability assessment and penetration testing reports submitted by financial institutions and enrich the institution’s risk profile based on the findings.
• Review and provide recommendations on approval of the introduction of innovative products and requests to outsource ICT services by financial institutions.
• Coordinate engagements and/or participate in forums on emerging topics in financial innovation, such as the Afro Asia Fintech Festival and FinTech forums.
• Receive, analyse and provide recommendations on cyber security incident reports from regulated institutions.
• Contribute to building of models, insightful automated reports and business intelligent tools such as dashboards and scorecards.
• Contribute to arrangements for testing and updates of the Departmental Risk Management Framework including Business Continuity and Disaster Recovery Plans.
• Assist in the management of administration duties in the Department.
• Any other responsibility as may be assigned by 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.
• Professional qualification(s) in actuarial science, statistics, accounting, finance, ICT, Project Management banking or related discipline is an added advantage.

Work Experience

• At least one (1) 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.

• Assist in the implementation of the data supervisory technology strategy for institutions licensed by CBK.
• Assist in executing the Data and Analytics Strategy to continuously monitor and analyse the financial soundness of regulated institutions.
• Conduct Information Communication Technology (ICT) research on the development of a strategy to leverage technology to enhance bank supervision processes including but not limited to Regulatory Technology (RegTech) and Supervisory Technology (SupTech) as guided by the Manager, Data Analytics and Regulatory Technology.
• Assist in conducting on-site and off-site surveillance of commercial banks, microfinance banks, and non-bank financial institutions' ICT and cybersecurity aspects to ensure compliance with the banking sector legal and regulatory frameworks.
• Assist in data extraction and analysis for onsite inspection of commercial banks, microfinance banks, and non-bank financial institutions using Computer-Aided Audit Tools.
• Conduct policy research and surveys on emerging regulatory and supervisory aspects, to advise on emerging financial innovations and technology; and make actionable recommendations on emerging opportunities and risks.
• Conduct continuous research and be updated on emerging regulatory and supervisory aspects of financial technology (FinTech) within, and across the Kenyan banking industry, including its policy implications, to provide leadership and direction in line with the rapidly evolving innovations, locally and globally.
• Review external ICT audit and vulnerability assessment and penetration testing reports submitted by financial institutions and enrich the institution’s risk profile based on the findings.
• Review and provide recommendations on approval of the introduction of innovative products and requests to outsource ICT services by financial institutions.
• Coordinate engagements and/or participate in forums on emerging topics in financial innovation, such as the Afro Asia Fintech Festival and FinTech forums.
• Receive, analyse and provide recommendations on cyber security incident reports from regulated institutions.
• Contribute to building of models, insightful automated reports and business intelligent tools such as dashboards and scorecards.
• Contribute to arrangements for testing and updates of the Departmental Risk Management Framework including Business Continuity and Disaster Recovery Plans.
• Assist in the management of administration duties in the Department.
• Any other responsibility as may be assigned by Line Manager.

• Data Analysis
• ICT Research
• Cybersecurity
• Financial Innovation
• Risk Management
• Business Continuity
• Disaster Recovery
• Business Intelligence Tools
• Dashboards
• Scorecards

• Bachelor’s Degree in Mathematics, Actuarial Science, Statistics, Engineering, Data Science, Computer Science, Economics, Finance or related discipline from a reputable university.
• Professional qualification(s) in actuarial science, statistics, accounting, finance, ICT, Project Management banking or related discipline is an added advantage.