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 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.

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

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.

Experience needed

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.

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

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• 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.
• 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).
• 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.