Business Analyst 2, Policy Research And Regulatory Support

ABOUT THE COMPANY

The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies. This led to the collapse of the East Africa Currency Board (EACB) in mid 1960s.
Following the promulgation of the new constitution on August 27th, 2010, the Central Bank of Kenya (CBK) is now established under Article 231 of the Constitution, 2010. Under this Article the Central Bank has the responsibility of formulating monetary policy, promoting price stability, issuing currency and performing any other functions conferred on it by an Act of Parliament.
The Constitution guides that “the Central Bank shall not be under the direction or control of any person or authority in the exercise of its powers or performance of its functions”.

JOB SUMMARY

The role holder will contribute towards the formulation and review of policies and standards that are aligned with international best practices for prudential supervision and regulation; and participating in the processing of licence applications by market entrants.Qualifications1. Bachelor’s Degree in Management, Economics, Public Policy, Insurance, Law, Finance or related discipline from a reputable university.2. Professional qualification(s) in accounting, Finance, Banking or related discipline is an added advantage.Work ExperienceAt least two (2) years’ relevant post qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, Commercial Banking Operations and any other relevant area.

RESPONSIBILITIES

1. Input to the preparation of the Policy Division strategy, operational manual , annual budget estimates; and subsequently monitor and report on their implementation.2. Participate in the processing requests for authorization of new Banking products and financial products by various institutions.3. Participate in the processing applications for licenses of banks, CRBs, Representative Offices of foreign Banks and Mortgage Refinance Companies and advise Assistant Manager.4. Part of team conducting inspection of newly licensed institution’s premises and systems for approval and prepare recommendation report.5. Carry out preliminary policy research and benchmarking for supervision to shape regulatory and supervisory systems to promote efficiency, inclusion, integrity and efficiency.6. Participate in making logistical arrangements for internal and external consultative forums.7. Monitoring and drafting CBK’s progress updates on implementation of domestic, regional and other international supervisory commitments to which CBK has signed up to as a member of relevant global fora partner.8. Input to the periodic reports on strategy, budget implementation, and Departmental Risk Register.9. Input to the periodic review of the Departmental Operations manual.10. Any other assigned roles and responsibilities.

REQUIRED SKILLS

Budgeting, financial planning, Competitor and market analysis, Business strategy, Operative planning

REQUIRED EDUCATION

Bachelor's degree