Business Analyst (Data Scientist), Regulatory Technology (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

Qualifications1. Bachelor’s Degree in Mathematics, Actuarial Science, Statistics, Engineering, Data Science, Computer Science, Economics, Finance or related discipline from a reputable university.2. Professional qualification(s) in actuarial science, statistics, accounting, finance, ICT, Project Management banking or related discipline is an added advantage.Work ExperienceAt least one (1) year post-qualification experience in prudential/bank supervision, ICT, engineering, project management, statistics, actuarial science, financial analysis, auditing, accounting, commercial banking operations and any other relevant area.

RESPONSIBILITIES

1. Assist in executing the Data and Analytics Strategy to continuously monitor and analyse the financial soundness of regulated institutions.2. Conduct Information Communication Technology (ICT) research on the development of a strategy to leverage technology to enhance bank supervision processes including but not limited to Regulatory Technology (RegTech) and Supervisory Technology (SupTech) as guided by the Manager, Data Analytics and Regulatory Technology.3. Assist in conducting on-site and off-site surveillance of commercial banks, microfinance banks, and non-bank financial institutions' ICT and cybersecurity aspects to ensure compliance with the banking sector legal and regulatory frameworks.4. Assist in data extraction and analysis for onsite inspection of commercial banks, microfinance banks, and non-bank financial institutions using Computer-Aided Audit Tools.5. Conduct policy research and surveys on emerging regulatory and supervisory aspects, to advise on emerging financial innovations and technology; and make actionable recommendations on emerging opportunities and risks.6. Conduct continuous research and be updated on emerging regulatory and supervisory aspects of financial technology (FinTech) within, and across the Kenyan banking industry, including its policy implications, to provide leadership and direction in line with the rapidly evolving innovations, locally and globally.7. Review external ICT audit and vulnerability assessment and penetration testing reports submitted by financial institutions and enrich the institution’s risk profile based on the findings.8. Review and provide recommendations on approval of the introduction of innovative products and requests to outsource ICT services by financial institutions.9. Coordinate engagements and/or participate in forums on emerging topics in financial innovation, such as the Afro Asia Fintech Festival and FinTech forums.10. Receive, analyse and provide recommendations on cyber security incident reports from regulated institutions.11. Contribute to building of models, insightful automated reports and business intelligent tools such as dashboards and scorecards.12. Contribute to arrangements for testing and updates of the Departmental Risk Management Framework including Business Continuity and Disaster Recovery Plans.13. Assist in the management of administration duties in the Department.14. Any other responsibility as may be assigned by Line Manager.

REQUIRED SKILLS

Commercial law, Business strategy, Compliance, Reporting

REQUIRED EDUCATION

Bachelor's degree