Background information about the job or company (e.g., role context, company overview)

The Central Bank of Kenya is a public institution established under Article 231 of the Constitution of Kenya, 2010. The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency. Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of fin...

Responsibilities or duties

The role holder reports to the Head of Section, Payment Services Authorization and Approvals, and assists the team in the review and analysis of applications by Virtual Asset Service Providers (VASPs) to ensure compliance with the VASPs Act and Regulations.

Qualifications or requirements (e.g., education, skills)

Bachelor’s Degree in a relevant field e.g. Economics, Law, Statistics, Computer Science or Business.

Professional qualifications and memberships are an added advantage.

Experience needed

At least three (3) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Never pay for any notarisation, certificate or assessment as part of any recruitment process. When in doubt, contact us

• Review VASP applications in line with the VASP Act and Regulations and make recommendations to the Section Head.
• Make recommendations for policy interventions to encourage financial innovations.
• Analysis of applications and the requisite licensing documents for new VASPs.
• Processing of application for approval of New products/ Company names for new VASPs.
• Review and recommend for approval any new VASP products/service for licensed VASPs.
• Correspond with applicants for new VASPs vider on licensing requirements and other related queries.
• Organize and document meetings with prospective new VASPs for regulatory guidance.
• Assist in updating new products applicants’ log.
• Coordinate knowledge exchange programmes.
• Participate in stakeholder forums on payment systems and innovations.
• Any other roles and responsibilities that may be assigned from time to time.

• Bachelor’s Degree in a relevant field e.g. Economics, Law, Statistics, Computer Science or Business.
• Professional qualifications and memberships are an added advantage.