Job Purpose

The role holder will be responsible for the development and review of regulatory frameworks for financial inclusion for institutions licensed by CBK and advising on emerging innovations. He/She will also be responsible for working effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of his/her role.

Key Duties and Responsibilities

Strategic Responsibilities

• Advise on review and development of financial inclusion legal and regulatory frameworks for institutions licensed by CBK and advice on emerging innovations.
• Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

• Develop financial inclusion policy/guideline/regulations as required for banks and other regulated entities.
• To research and advise on emerging innovations including but not limited to disruptive technology and make actionable recommendations.
• Co-ordinate the development of a regulatory impact assessment framework to assess the impact of legal and regulatory reforms initiated to enhance financial inclusion and innovation.
• Convene internal and external consultative forums and obtain feedback on financial inclusion and innovation policy implementation from various entities and draft comprehensive policy/ frameworks as required.
• Monitor implementation of financial inclusion and innovation related recommendations from collaborations with domestic and international financial regulators, regional and international organisations and development partners.
• Provide Secretariat support for CBK’s participation/membership in national, regional and international financial inclusion and innovation initiatives/organisations.
• Review applications for licenses for non-banks including carrying out the vetting of significant shareholders and proposed directors in accordance with existing laws, regulations and guidelines.
• Ensure that the CBK website and other channels are updated on approval of new licenses for Non-Banks.
• Oversee drafting and issuance of Banking Sector Annual Innovation Survey by end of March following the year end.
• Oversee drafting and issuance of Bi-Annual Survey on MSME Access to Bank Credit by end of March following the year end.
• Provide the requisite financial inclusion and innovation policy implementation reports within set timelines.
• Report on emerging challenges and market dynamism.
• Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance.
• Ensure adherence to Bank policies, procedures, guidelines and related legislations.
• Responsible for succession management and resource management to ensure effective performance.
• Any other assigned duties and responsibilities by the Supervisor.

Qualifications

• Bachelor’s Degree in Management, Economics, ICT, Project Management, Engineering, Insurance, Law, Finance or related discipline from a reputable institution.
• Master’s in Business Administration, Finance, ICT, Project Management, Engineering, Accounting, Economics, Law or related discipline is an added advantage.
• Professional qualification(s) in accounting, finance, ICT, Project Management banking or related discipline is an added advantage.

Work Experience

At least six (6) years’ post qualification experience in Prudential/Bank Supervision, ICT, Engineering, Project Management, Financial Analysis, Auditing, Accounting, Commercial Banking Operations and any other relevant area with at least two (2) years in a supervisory capacity.

Competencies

Technical Competencies

• Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.
• Good understanding of Bank Supervision Policy And Regulatory Frameworks.
• Strong communication and presentation skills including ability to develop proposals, concept papers, position papers as well as write reports and prepare relevant publications.
• Good analytical and conceptual skills - Ability to critically examine and analyse information on institutions and providing the necessary analytical insights for internal decision-making purposes.
• Strategic outlook – Ability to demonstrate a broad-based view of issues affecting financial institutions and develop and implement policies aimed at ensuring financial stability.
• Innovation Mindset - Good understanding of start-ups, incubators, entrepreneurial culture and global technology ecosystems.

Behavioral / General Competencies

• Leadership and management - Ability to lead teams, mentor and coach staff to goal definition and achievement.
• Interpersonal skills- Ability to create rapport with others and develops effective communication and team spirit with colleagues.
• Personal Motivation and Drive - Commits self to work hard towards goals. Shows enthusiasm and career commitment.
• Adaptability/Flexibility - Ability and willingness to be flexible, to adapt to and work effectively within a variety of changing situations and with various individuals and groups.
• Decision making - Ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation.
• Building consensus and influencing - Ability to influence various players across all Banks and non-Banks in Kenya.
• Professionalism – Ability to maintain a professional approach based on ethics and CBK values. - Ensures ethical practices and integrity and ensures CBK is not put at reputational risk.
• Resilience – Ability to withstand strategic and operational challenges and maintain momentum.
• Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader.

• Advise on review and development of financial inclusion legal and regulatory frameworks for institutions licensed by CBK and advice on emerging innovations.
• Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
• Develop financial inclusion policy/guideline/regulations as required for banks and other regulated entities.
• To research and advise on emerging innovations including but not limited to disruptive technology and make actionable recommendations.
• Co-ordinate the development of a regulatory impact assessment framework to assess the impact of legal and regulatory reforms initiated to enhance financial inclusion and innovation.
• Convene internal and external consultative forums and obtain feedback on financial inclusion and innovation policy implementation from various entities and draft comprehensive policy/ frameworks as required.
• Monitor implementation of financial inclusion and innovation related recommendations from collaborations with domestic and international financial regulators, regional and international organisations and development partners.
• Provide Secretariat support for CBK’s participation/membership in national, regional and international financial inclusion and innovation initiatives/organisations.
• Review applications for licenses for non-banks including carrying out the vetting of significant shareholders and proposed directors in accordance with existing laws, regulations and guidelines.
• Ensure that the CBK website and other channels are updated on approval of new licenses for Non-Banks.
• Oversee drafting and issuance of Banking Sector Annual Innovation Survey by end of March following the year end.
• Oversee drafting and issuance of Bi-Annual Survey on MSME Access to Bank Credit by end of March following the year end.
• Provide the requisite financial inclusion and innovation policy implementation reports within set timelines.
• Report on emerging challenges and market dynamism.
• Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance.
• Ensure adherence to Bank policies, procedures, guidelines and related legislations.
• Responsible for succession management and resource management to ensure effective performance.
• Any other assigned duties and responsibilities by the Supervisor.

• Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.
• Good understanding of Bank Supervision Policy And Regulatory Frameworks.
• Strong communication and presentation skills including ability to develop proposals, concept papers, position papers as well as write reports and prepare relevant publications.
• Good analytical and conceptual skills - Ability to critically examine and analyse information on institutions and providing the necessary analytical insights for internal decision-making purposes.
• Strategic outlook – Ability to demonstrate a broad-based view of issues affecting financial institutions and develop and implement policies aimed at ensuring financial stability.
• Innovation Mindset - Good understanding of start-ups, incubators, entrepreneurial culture and global technology ecosystems.
• Leadership and management - Ability to lead teams, mentor and coach staff to goal definition and achievement.
• Interpersonal skills- Ability to create rapport with others and develops effective communication and team spirit with colleagues.
• Personal Motivation and Drive - Commits self to work hard towards goals. Shows enthusiasm and career commitment.
• Adaptability/Flexibility - Ability and willingness to be flexible, to adapt to and work effectively within a variety of changing situations and with various individuals and groups.
• Decision making - Ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation.
• Building consensus and influencing - Ability to influence various players across all Banks and non-Banks in Kenya.
• Professionalism – Ability to maintain a professional approach based on ethics and CBK values. - Ensures ethical practices and integrity and ensures CBK is not put at reputational risk.
• Resilience – Ability to withstand strategic and operational challenges and maintain momentum.
• Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader.

• Bachelor’s Degree in Management, Economics, ICT, Project Management, Engineering, Insurance, Law, Finance or related discipline from a reputable institution.
• Master’s in Business Administration, Finance, ICT, Project Management, Engineering, Accounting, Economics, Law or related discipline is an added advantage.
• Professional qualification(s) in accounting, finance, ICT, Project Management banking or related discipline is an added advantage.