Deputy Manager, Operational Risk- Payment Services

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 Commerce, Business Administration, Business Management from a reputable University.2. Professional certification in at least one discipline is a distinct advantage: Risk Management; Financial Risk Management (FRM), Business Continuity Management or Governance Risk and Compliance Management (GRCM).3. Membership in a relevant professional institute and in good standing is mandatory.Work ExperienceMinimum of five (5) years’ work experience in Risk Management within Banking and Payments in Financial Services Industry or similar operations.

RESPONSIBILITIES

Technical and Operational Responsibilities1. Document risk registers for all divisions & sections and ensures they are updated regularly and submitted in a timely manner.2. Support the Department in performing risk control assessments and outcomes including business continuity activities such as development of business impact analysis and testing.3. Perform targeted independent assurance checks on high/medium risks and control.4. Ensure daily reporting of incidents and works with respective division on closure and learnings and linkage to Risk Register.5. Ensure implementation of audit recommendations and findings for BPS, inform on mitigations and timely closure including linkage to Risk Register.6. Develop insightful risk reports including risk dashboards for multiple audiences including but not limited to BPS leadership, Bank Risk Management Committee, Management and Board.7. Identify risk knowledge gaps and give input to staff trainings that build risk awareness.8. Support initiatives to build a culture of risk awareness for BPS.9. Work collaboratively and effectively with Risk and Compliance Division to deliver on the Key Result Areas and ensure no silos exit.10. Ensure compliance with Bank policies, procedures, guidelines and internal controls.11. Regular review and update of the Department’s operations manuals and procedures.Other responsibilities1. Escalate issues, queries and complaints that may need further consultation to the Senior Manager, Operational Risk Division.2. Required to develop and maintain working relationships with Divisional and Section Heads.3. Perform any other task as may be assigned from time to time.

REQUIRED SKILLS

Fraud risk assessment and management, Risk analysis, Regulatory reporting, Operative management

REQUIRED EDUCATION

Bachelor's degree