Business Analyst 2, Surveillance Non-banks (Business Analyst 2)

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 conduct surveillance with a view to promoting the safety, soundness, access and integrity of the financial system.Qualifications1. Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.2. Professional qualification(s) in Accounting, Finance, Banking, ICT or related discipline is an added advantage.Work ExperienceAt least two (2) years post qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, Commercial Banking Operations and any other relevant area.

RESPONSIBILITIES

1. Conduct risk-based surveillance framework of non-bank institutions and continuously monitor its effectiveness by developing the Non-Bank Institutions’ risk profiles.2. Contribute to the preparation of draft portfolio budget estimates.3. Carry out surveillance of Non-Banks and ensure compliance with legal, regulatory, and prudential requirements.4. Review and engage non-bank institutions on audited financial statements and unaudited quarterly financial statements and related disclosures.5. Prepare and continuously monitor supervisory programs.6. Process, analyse and make appropriate recommendations on applications for new branches, mergers and acquisitions, new products, change in tariffs and vetting of senior managers, directors and significant shareholders of Non-Banks and approve new premises and customer complaints and other corporate applications.7. Contribute and participate in the development of policy and legal and regulatory frameworks.8. Prepare quarterly reports, Institutional Profiles (IP) and conduct on-going risk assessments from on-site and off-site supervision for appropriate action.9. Prepare and analyse periodic reports received from Non-Banks to monitor performance and financial conditions and prepare relevant analysis required.10. Participate in periodic regulatory meetings on regulatory concerns and emerging developments with Senior Management of Non-Bank institutions.11. Identify problematic non-banks and highlight risks and challenges to the Deputy Manager as required.12. Ensure that customer (Non-Banks) complaints are handled effectively and in a timely manner.13. Process new licence applications for Non-Banks (Forex Bureaus and MRPs).14. Perform any other duties as assigned by the supervisor.

REQUIRED SKILLS

Compliance, Tax management, Business strategy, Risk management, Business management

REQUIRED EDUCATION

Bachelor's degree