Background

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...

Job Purpose

The role holder is a member of foreign payments team and participates in the processing of the payments transactions to ensure that the section meets its functional responsibilities and makes these contributions effectively and efficiently.

Key Duties and Responsibilities

Strategic Responsibilities

• Contribute as appropriate to the performance of the function and to the overall achievement of CBK’s strategic objectives.
• Work effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.

Technical and Operational Responsibilities

• Processes Government Payments, CBK foreign exchange and 3rd party payments with set timelines.
• Processes third party guarantees’ confirmations to Government Ministries, Departments and Agencies (MDAs).
• Processes Projects and Eurobonds accounts opening requests.
• Reviews payments summary reports and highlight unreconciled items.
• Act as subject matter expert on foreign payment operations.
• Avail information and explanations on issues related to Payments Administration.
• Follow standardized controls and operational metrics to track transactions performance and production.
• Drafts and implements initiatives to increase efficiency and reduce potential risk.
• Ensures adherence to Payment policies and procedures.

Other Responsibilities

• Any other assigned duties and responsibilities.

Qualifications

• Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or related field.
• Clear understanding of financial markets, banking, and relevant emerging issues in:
  • National, regional, and international regulatory and statutory requirements
  • Public Debt Management
  • Foreign Exchange management and operations
  • Risk management

Work Experience

• At least three (3) years of relevant work experience in a relevant field.

• Contribute as appropriate to the performance of the function and to the overall achievement of CBK’s strategic objectives.
• Work effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
• Processes Government Payments, CBK foreign exchange and 3rd party payments with set timelines.
• Processes third party guarantees’ confirmations to Government Ministries, Departments and Agencies (MDAs).
• Processes Projects and Eurobonds accounts opening requests.
• Reviews payments summary reports and highlight unreconciled items.
• Act as subject matter expert on foreign payment operations.
• Avail information and explanations on issues related to Payments Administration.
• Follow standardized controls and operational metrics to track transactions performance and production.
• Drafts and implements initiatives to increase efficiency and reduce potential risk.
• Ensures adherence to Payment policies and procedures.
• Any other assigned duties and responsibilities.

• Clear understanding of financial markets, banking, and relevant emerging issues in: National, regional, and international regulatory and statutory requirements, Public Debt Management, Foreign Exchange management and operations, Risk management

• Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or related field.
• Clear understanding of financial markets, banking, and relevant emerging issues in: National, regional, and international regulatory and statutory requirements, Public Debt Management, Foreign Exchange management and operations, Risk management