Senior Manager, Financial Inclusion and Innovation (Bank Supervision Department)

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 be responsible for the development and review of regulatory frameworks for financial inclusion for institutions licensed by CBK and advising on emerging innovations. He/She will also be responsible for working effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of his/her role.Qualifications1. Bachelor’s Degree in Management, Economics, ICT, Project Management, Engineering, Insurance, Law, Finance or related discipline from a reputable institution.2. Master’s in Business Administration, Finance, ICT, Project Management, Engineering, Accounting, Economics, Law or related discipline is an added advantage.3. Professional qualification(s) in accounting, finance, ICT, Project Management banking or related discipline is an added advantage.Work ExperienceAt least six (6) years’ post qualification experience in Prudential/Bank Supervision, ICT, Engineering, Project Management, Financial Analysis, Auditing, Accounting, Commercial Banking Operations and any other relevant area with at least two (2) years in a supervisory capacity.

RESPONSIBILITIES

1. Advise on review and development of financial inclusion legal and regulatory frameworks for institutions licensed by CBK and advice on emerging innovations.2. Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.Technical and Operational Responsibilities3. Develop financial inclusion policy/guideline/regulations as required for banks and other regulated entities.4. To research and advise on emerging innovations including but not limited to disruptive technology and make actionable recommendations.5. Co-ordinate the development of a regulatory impact assessment framework to assess the impact of legal and regulatory reforms initiated to enhance financial inclusion and innovation.6. Convene internal and external consultative forums and obtain feedback on financial inclusion and innovation policy implementation from various entities and draft comprehensive policy/ frameworks as required.7. Monitor implementation of financial inclusion and innovation related recommendations from collaborations with domestic and international financial regulators, regional and international organisations and development partners.8. Provide Secretariat support for CBK’s participation/membership in national, regional and international financial inclusion and innovation initiatives/organisations.9. Review applications for licenses for non-banks including carrying out the vetting of significant shareholders and proposed directors in accordance with existing laws, regulations and guidelines.10. Ensure that the CBK website and other channels are updated on approval of new licenses for Non-Banks.11. Oversee drafting and issuance of Banking Sector Annual Innovation Survey by end of March following the year end.12. Oversee drafting and issuance of Bi-Annual Survey on MSME Access to Bank Credit by end of March following the year end.13. Provide the requisite financial inclusion and innovation policy implementation reports within set timelines.14. Report on emerging challenges and market dynamism.15. Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance.16. Ensure adherence to Bank policies, procedures, guidelines and related legislations.17. Responsible for succession management and resource management to ensure effective performance.18. Any other assigned duties and responsibilities by the Supervisor.

REQUIRED SKILLS

Commercial law, Business strategy, Compliance, Reporting

REQUIRED EDUCATION

Bachelor's degree