Job Purpose

The role holder will be responsible for implementing regional payments integration and harmonization initiatives to enable the Bank to contribute to the broader East African Community (EAC) financial system integration agenda. The Officer supports the section to fulfil this mandate.

Key Duties and Responsibilities

Technical and Operational Responsibilities

• Participate in the implementation and respond to strategic regional integration initiatives for the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) regions, e.g. upgrading of the East African Payment System (EAPS) and the Regional Electronic Payment and Settlement System (REPSS), as well the implementation of a regional cross-border retail payment system for the East African Community.
• Participate in the implementation of strategic East African Community Monetary Affairs Committee (MAC) directives related to payment systems and report on the status on a quarterly basis.
• Monitor the performance of the two regional payments systems, the East African Payment System (EAPS) and the COMESA’s Regional Electronic Payment and Settlement System (REPSS) and report on their performance to the relevant regional oversight bodies i.e. the Monetary Affairs Committee and Common Market for Eastern and Southern Africa (COMESA) Committee of Governors, respectively.
• Draft memos, letters and reports on assignments in response to regional payments integration matters for the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Association of African Central Banks (AACB).
• Participate in the coordinating the activities of development partners that support Payment Services such as the African Development Bank (AfDB), World Bank (WB), and International Monetary Fund (IMF).

Other Responsibilities

• Participate in the coordination of staff training in the Division.
• Any other assigned roles and responsibilities.

Qualifications

• Bachelor’s Degree in Economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, Mathematics, Computer Science or related field of study.
• Professional qualifications and memberships of relevant professional bodies are an added advantage.

Work Experience

Not less than two (2) years’ work experience in Payment/ Banking Services Operations, Financial Services, Economics Policy, Accounting or similar operations.

Competencies

Technical Competencies

Good understanding of :

• Digital Finance and Fintech Innovations.
• Payment risks and security.
• General payments systems concepts and principles.
• Payment systems laws e.g. the National Payments System (NPS) Act and Regulations.
• Accounting and financial management skills.
• Report writing skills.
• The role of CBK including Monetary policy, financial stability, payments systems regulation etc.
• Analytical mind-set – ability to challenge status quo based on quantitative facts and impacts.
• Payment or Banking Systems related to:
  • Card payments.
  • Retail payment innovation and security.
  • P2P Switch providers.
  • Mobile payments.
• Banking laws & regulations.
• Good IT and computer skills.
• System performance monitoring.

Behavioral/ General Competencies

• Ability to work collaboratively in a team.
• Decision making.
• Professionalism.
• Communication.
• Customer orientation.
• Integrity and honesty and ethics.
• Resilience.
• Emotional intelligence.
• Independence and objectivity.

Candidates are requested to note that:

INCOMPLETE applications will not be considered.

Only shortlisted candidates will be contacted.

• Participate in the implementation and respond to strategic regional integration initiatives for the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) regions, e.g. upgrading of the East African Payment System (EAPS) and the Regional Electronic Payment and Settlement System (REPSS), as well the implementation of a regional cross-border retail payment system for the East African Community.
• Participate in the implementation of strategic East African Community Monetary Affairs Committee (MAC) directives related to payment systems and report on the status on a quarterly basis.
• Monitor the performance of the two regional payments systems, the East African Payment System (EAPS) and the COMESA’s Regional Electronic Payment and Settlement System (REPSS) and report on their performance to the relevant regional oversight bodies i.e. the Monetary Affairs Committee and Common Market for Eastern and Southern Africa (COMESA) Committee of Governors, respectively.
• Draft memos, letters and reports on assignments in response to regional payments integration matters for the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Association of African Central Banks (AACB).
• Participate in the coordinating the activities of development partners that support Payment Services such as the African Development Bank (AfDB), World Bank (WB), and International Monetary Fund (IMF).
• Participate in the coordination of staff training in the Division.
• Any other assigned roles and responsibilities.

• Digital Finance and Fintech Innovations.
• Payment risks and security.
• General payments systems concepts and principles.
• Payment systems laws e.g. the National Payments System (NPS) Act and Regulations.
• Accounting and financial management skills.
• Report writing skills.
• The role of CBK including Monetary policy, financial stability, payments systems regulation etc.
• Analytical mind-set – ability to challenge status quo based on quantitative facts and impacts.
• Payment or Banking Systems related to: Card payments, Retail payment innovation and security, P2P Switch providers, Mobile payments.
• Banking laws & regulations.
• Good IT and computer skills.
• System performance monitoring.
• Ability to work collaboratively in a team.
• Decision making.
• Professionalism.
• Communication.
• Customer orientation.
• Integrity and honesty and ethics.
• Resilience.
• Emotional intelligence.
• Independence and objectivity.

• Bachelor’s Degree in Economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, Mathematics, Computer Science or related field of study.
• Professional qualifications and memberships of relevant professional bodies are an added advantage.