Senior Business Analyst, Monitoring and Compliance (Senior 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

QualificationsBachelor’s Degree in Commerce, Finance, Accounting, Business Administration, B.A/BSC Business/Economics/Mathematics or related discipline from a reputable University.Professional qualification(s) in Accounting e.g., CPA, ACCA, KISM Project Management, Monitoring and Evaluation or equivalentCompliance and Risk Certifications will be an added advantage.Work ExperienceAt least three (3) years’ experience in Audit, Compliance, Risk management, or Business Analyst role.

RESPONSIBILITIES

Strategic ResponsibilitiesParticipating in preparation and implementation of Departmental Strategic Plan.Monitor and report on the implementation of the Departmental Strategic Initiatives in support of the wider Bank’s strategic plan.Coordinate in preparation and implementation of the Departmental operations manual, policies and procedures.Contributes as appropriate to the performance of other functions and to the overall achievement of CBK’s strategic objectives.Works effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.Technical and Operational ResponsibilitiesIdentify operational risks affecting the Department and take necessary steps to measure, monitor and report accordingly.Participate in the Department’s business process, initiating, forums, committee etc., to ensure that operational risk requirements are appropriately considered, executed and reported.Clearly document Business requirements, translating them into actionable technical specifications for implementationReview and evaluate internal control and propose appropriate recommendation for changes and/or enhancement.Promote compliance to operational risk policies.Encourage a high level of awareness of operational risk in the Department.Carry out a quarterly review and report on all operations and processes across the Department.Liaison with the Internal Audit & Risk Department to ensure adherence to all requisite risk policies.Ensure daily incidence reporting is done in line with the procedures and guidelines.Coordinate training of staff in the department in line with HRD guidelines for PDP, CPD and attachment programs.Identify areas that could be improved and propose ways of improving the processes.Monitor and report on the implementation of the departmental strategic initiatives in support of the wider Bank’s strategic plan.Custodian of all GSD policies, SOP’s and carry out reviews/updates in accordance with the Bank policy.Maintain and updated risk register in the department.Liaison with the Internal Audit & Risk Department to ensure adherence to all requisite risk policies.Review legislation, standards and other relevant guidelines and guide on compliance in the Department.Identify areas that could be improved and propose ways of improving the processes.Embed risk awareness culture within the Department.Carry out a quarterly review and report on all operations and processes across the Department.Follow up for resolution of ERP process gaps and embedding of requisite/enhanced system controls.Liaison person for training and follow up activities for the Department.Participate in the tendering process (Tender Opening, Tender Evaluation and Inspection and Acceptance Committee).

REQUIRED SKILLS

Planning, Compliance, Quality management, Project management

REQUIRED EDUCATION

Bachelor's degree