Massive Recruitment at Central Bank of Kenya

Rewarding Career opportunities in the Central Bank of Kenya…Are you a transformative leader willing to lead change, stretch your capabilities and make a distinctive contribution?

Then come and be part of a team to lead and transform your Central Bank!

Vacancy: Director, Enterprise Risk Management

The Central Bank of Kenya (“CBK” or “the Bank”) is constitutionally mandated to formulate and implement monetary policy and foster the proper functioning of a stable market-based financial system to support the economic policy of the Government of Kenya. 

To enable the Bank position itself to fulfil its mandate, it is undergoing a transformation to streamline its operations. 

To support the Bank on this transformative journey, the Bank is seeking to recruit open-minded, self-driven, result oriented individuals of high integrity who will play a critical role in supporting the Bank in the achievement of its mandate. 

In pursuit of these objectives, the Bank invites dynamic and innovative candidates to submit their applications for the following position:

Job Title: Director, Enterprise Risk Management

Ref:  PKF/HR/003

Division: Operations and Management

Department: Enterprise Risk Management

Department Purpose Statement: The Enterprise Risk Management department determines the strategic, operation risk appetite across the bank in conjunction with the various department heads. It establishes frameworks and policies for managing risks and is responsible for monitoring and implementing risk mitigation strategies.
Role of the Department Manager
  • Establishes frameworks and policies for managing risks and is responsible for monitoring and implementing risk mitigation strategies.
  • Ensures the department meets its functional responsibilities and makes these contributions effectively and efficiently.
  • Assists the Governor and Deputy Governors with on-going and long-term management and development of the Bank’s resources and organisational capability
  • 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 senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role. 
Main Responsibilities of the Job (Key Result Areas)

The job holder is responsible for the following:
  • Enterprise Risk Management Head
  • Business Continuity, Ethics and Compliance Head
  • Professional Support Staff
Is accountable for delivering the following activities:
  • Periodically determine and quantify the strategic and operational risk appetite across the Bank in conjunction with the various department heads;
  • Establish the integrated risk management strategy for the Bank;
  • Establish the risk management frameworks and policies for the Bank;
  • Plan and design an overall risk management process and policies for the organisation;
  • Lead risk assessment activities which involves analysing risks as well as identifying, describing and estimating the risks affecting the business;
  • Oversee the classification of various risk categories (strategic, operational, financial and reputational);
  • Leads risk evaluation, which involves comparing estimated risks with criteria established by the Bank such as operational costs, legal compliance requirements and environmental factors;
  • Reviews risk reports compiled for a variety of audiences such as Board of Directors, Management executives as well as shareholders;
  • Develop and oversee implementation of common processes, practises, tools and metrics to improve risk exposure and mitigate risks;
  • Serve as the custodian of the organisation wide risk register and ensure regular reporting, tracking and mitigation is in place;
  • Liaises with the AML Task force under Financial Systems Supervision and ensures resolution of major AML issues
  • Develop and oversee implementation of consistent integrated metrics and Management Information System reports for key risk indicators;
  • Co-ordinate Business continuity programs and compliance, alongside the Business Continuity Ethics and Compliance Head and Enterprise Risk Management Head, to limit risks and be prepared in the event of crises;
  • Keep abreast with regional integration initiatives and advises on risk management impacts and mitigations required as appropriate
  • Supervise the process of performing risk audits in the Bank;
  • Ensure the development of staff training programs that build risk awareness;
  • Recommend and implement initiatives that build a culture of risk orientation within the Central Bank 
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Business , Enterprise Risk Management, Finance, Business Administration, or Economics, or Strategic Management or related field
  • Membership to a professional body for Risk Management
  • Professional certification in Risk Management, such as Financial Risk Management (FRM) by the Global Association of Risk Professionals (GARP).
  • Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten (10) years’ experience in risk management practices and process implementation, three (3) of which should be in Management position 
Working Relationships

Internal Relationships:
 
The Department Head, Enterprise Risk Management will be:
  • Accountable to the Deputy Governor (Operations and Management)
  • Directly responsible for the Business Continuity, Ethics and Compliance Head, Enterprise Risk Management Head and Professional Support Staff.
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Governor and other Department Managers and Unit Managers as may be necessary
External Relationships:
  • Bankers Associations
  • Regional Central Banks networks
Competencies
 
Technical Skills
  • Foreign exchanges reserves risk management
  • Governance Risks
  • Market place risks (economic environment, technological developments, regulatory requirements etc.) Operational risks
  • Financial risks (and credit and fraud risks)
  • Anti-Money laundering reviews
  • Financial analysis
  • Asset securitization
  • Compliance reviews
  • Business continuity
  • Business process analysis
  • Basel II Standards & core principles IA Standards (IIA, ISACA)
  • ITIL
  • Risk assessment techniques
  • Risk response strategies
  • Risk management policies
  • Scenario planning and sensitivity analysis
  • Trend analysis on risk variables
  • Risk mitigation strategies and indicators
  • Impact assessments
  • Financial accounting
Functional Skills
  • Banking laws and regulations
  • Central Banking Operations
  • Commercial Banking Operations
  • Financial sector Operations
  • Regional Integration Initiatives
  • Strategic Planning
  • Ability to drive change
  • Governance – knowledge and ability to ensure good governance practices in assigned Department
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Cost benefit analysis
  • Stakeholder Management
  • Report writing-ability to develop reports
Behavioural Skills
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective mannerand to be accountable for decision making within departmental and role allocation and advise departments on major financial implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at a reputational risk
  • Building consensus and influencing-ability to influence various players across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Director, Information Communications and Technology

Ref: PKF/HR/002
 
Division: Operations and Management

Department: Information Communication and Technology (ICT)
 
Department Purpose Statement: The Information, Communication and Technology (ICT) Department facilitates the automation of core central banking and non-core support processes for all departments of the Bank. 

It ensures the availability of infrastructure, architecture, hardware and software and support in implementing and maintaining for activities in the Bank. .
Role of the Department Manager
  • Develop the ICT Strategy for the Bank and ensure the implementation in line with a modern central bank
  • Ensures the department meets its functional responsibilities and makes these contributions effectively and efficiently.
  • Assists the Governors with on-going and long-term management and development of the Bank’s resources and organisational capability;
  • Contributes as appropriate to the performance of other functions and to the overall achievement of Central Bank of Kenya’s strategic objectives
  • Works effectively as part of the senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
Main Responsibilities of the Job (Key Result Areas)
 
The job holder is also responsible for the supervision of following units:
  • ICT Information Security Unit
  • ICT Systems Architecture and Infrastructure Unit
  • ICT Service Delivery
  • ICT Business Application
  • ICT Development Projects
The job holder is also responsible to:
  • Develop the ICT Strategy and associated budgeting and planning to deliver an ICT strategy and annual plans
  • Develop ICT Policies and processes to enable the strategy and in a cost effective and efficient manner
  • Ensure a centralised IT function is operational for the bank
  • Ensure robust business processes supported by modern ICT infrastructure are in place
  • Maintain reliable core systems, including maintenance of data access authority, integrity and security
  • Oversee all ICT projects and ensure ICT governance in line with best practice standards is in place including:
  1. Identify and recommend to the Bank new Information and Communication Technologies that will make optimal impact upon the output quality of other departments Determining feasibility of integration ability of proposed automation solutions from departments or department of strategy
  2. Building a business case for ICT projects and transformation approval from top management / Board
  • Ensure standards are in place in conjunction with the Strategic Project Office (in Strategic Management) for managing ICT projects
  • Project management of ICT projects sponsored by Management Committee or other departments
  • Ensure effective SLA`s are in place with internal departments and external vendors as required
  • Provide effective leadership and oversees the day-to-day management of the department.
  • Ensure effective ICT service delivery function that encompasses end user training, customer training, support and consultancy that assists managers and staff with ICT matters, including "helpdesk"
  • Ensure security and reliability of the ICT investments remain secure at all times through the establishment of best practice in ICT security.
  • Ensure effective disaster recovery and ICT business continuity management in place
  • Plan and implement ICT policies and practices
  • Champion and monitor the departmental risk management framework and policies in liaison with the Enterprise Risk Management Department.
  • Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance
  • Identify, implement and benchmark best practices in management
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s Degree in ICT, Computer Science, Information Systems or a related field.
  • Relevant IT certification.
  • Knowledge in:
  1. On-going trends in ICT in the banking and financial services sectors
  2. Good understanding of business support services and their related technologies i.e. to support logistics, administrative, finance and HR activities
  3. ICT based risk management activities
  4. ICT security systems and controls
  • Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten years’ experience in managing medium to large ICT projects and in running an ICT Project Management Office, three of which should be in a managerial capacity
  • Experience in developing and implementing ICT strategies
  • Experience in managing administering systems and infrastructure and in managing all business support software and hardware mechanisms (IT and communications) 
 Working Relationships
 
Internal Relationships:
 
The Head of Department will be:
  • Accountable to the Deputy Governor (Operations and Management)
  • Directly responsible for the Information Security Head, ICT Systems Architecture and Infrastructure Head, ICT Service Delivery Head and ICT Business Applications Head.
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Deputy Governor and other department managers and unit heads as may be necessary
External Relationships:
  • Required to liaise with system vendors and service providers in the design, development, harmonisation and implementation of effective systems
  • Required to develop and maintain working relationships with industry practitioners 
Competencies 

Technical Skills
  • ICT Strategy development
  • ITIL Governance Standards
  • Core central banking systems
  • Core banking systems
  • Enterprise Architecture
  • Network management
  • Disaster recovery planning
  • Business Continuity planning
  • Infrastructure development
  • IT Security and Security appliances
  • Cyber Crime and mitigation strategies
  • Oracle databases
  • Systems Administration
  • Service Desk Analysis
  • Web Design
  • Server Management
  • Data Warehousing and Data centre facilities
  • CBK Various Applications
  1. Adobe Applications
  2. Microsoft Applications
  3. Control Server (ACS)
  4. Active Identity
  5. Bloomberg
  6. BSA System
  7. Central Depository System (CDS)
  8. Checkpoint Firewall
  9. CISCO ASA Firewall
  10. Common Secretariat Debt Recording& Management System (CSDRMS)
  11. EFT System
  12. Foundstone Vulnerability Scanner
  13. G-Pay System
  14. HP Open View
  15. Kaspersky Antivirus
  16. Kovis Software
  17. McAfee Endpoint Security
  18. MediNous
  19. Network Admission Control system
  20. Ncompass
  21. NLS Data Warehousing System
  22. Oracle E-Business Suite
  23. Pawaa DLP System
  24. REUTERS Dealing System
  25. Real Time Gross Settlement (RTGS) System
  26. RTGS Reports
  27. Statutory Returns System
  28. SWIFT Applications
  29. Temenos T-24 System
  30. TeamMate
  31. Transport System
  32. Eviews for econometric
  33. Non-Banks Returns Upload System
  34. Forex Bureaus System
  35. Banks Forex Returns
  36. CRR upload System
  37. T24 VMS Labels Interface
  38. HRD legacy System
  39. ACL
  40. Pensions System
  41. T24 Reconciliation Tool
  42. Intranet
  43. Website
  44. RMU (Currency)
  45. Mainframe Legacy Applications
  46. HR Document Management System
  47. T24-KEPSS Interface (En/De queue)
  48. Fund Master (Pensions)
  49. Risk Management Solution (accelerate)
  50. Image Vision
  51. CTS (Cheque Truncation System)
  52. MICR System
  53. MONEY MARKET (Transfers in Banking)
  54. Library In Magic
  55. MIDBS - For MODM Operations
Functional Skills
  • Banking laws and regulations
  • Central Banking Operations
  • Commercial Banking Operations
  • Financial sector Operations
  • Regional Integration Initiatives
  • Strategic Planning
  • Budgeting and Planning
  • Ability to drive change
  • Project Management
  • Governance – knowledge and ability to ensure good governance practices in assigned Department
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Cost benefit analysis
  • Stakeholder Management
  • Report writing-ability to develop reports
Behavioural Skills
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major financial implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Building consensus and influencing-ability to influence various players across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Director, Currency Services

Ref: PKF/HR/001
 
Division: Operations and Management

Department: Currency Services
Department Purpose Statement: The Currency Service Department ensures that there is an adequate supply of clean currency in accordance with the public needs and overall national payment systems’ 

Role of the Job
  • Develop and implement strategies and policies to ensure effective currency management and circulation in Kenya
  • Manage the branch and currency centre network to deliver against the banks strategy
  • Ensures the department meets its functional responsibilities and makes these contributions effectively and efficiently.
  • Assists the Governor with on-going and long-term management and development of the Bank’s resources and organisational capability;
  • 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 senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
Main Responsibilities of the Job (Key Result Areas)
  • The job holder is responsible for the following units:
  1. Currency Operations and Logistics;
  2. Currency Processing;
  3. Research and Development
  4. Branches and agency arrangements
  • Develop the currency management strategies and associated budgets
  • Develop the currency management processes and operational plans and policies for approval
  • Provide effective leadership and ensuring there is adequate circulation of genuine currency across the country.
  • Ensure the quality and range of currency is developed and maintained in circulation including:
  1. Research and design on appropriate currency
  • Ensure currency in circulation meets public needs and is actively used including:
  • Procurement of currency
  • Inventory management and distribution
  • Processing and quality assurance
  • Destruction and disposal of currency
  • Currency demonetisation
  • Operation of currency centres and other distribution channels
Qualifications, Knowledge and Skills

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s Degree and/or a professional qualification in relevant field study in banking or finance
  • Bachelor’s Degree in Accounting, Finance, Economics or Banking or similar field
  • Clear understanding of currency and banking and emerging issues in:
  • Currency security features
  • Substrate development
  • Production technology
  • Anti-counterfeiting deterrence measures
  • Processing technology
  • Financial and accounting skills
  • Currency planning
Minimum level of personal and professional experience required to perform effectively in the role
Not less than ten (10) years’ experience in Finance, Banking, Currency or any other relevant field; three (3) of which should be in a managerial capacity

Working Relationships
 
The Department Head will be:
  • Accountable to the Deputy Governor (Operations and Management)
  • Directly responsible for the Currency Management Advisor; Branch Managers; Head, Currency Operations and Logistics; Head, Currency Processing; Branch Managers and Currency Centre Managers
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Governor, Deputy Governor, other Department Heads and Unit Managers as may be necessary
External working relationships:
  • Required to develop and maintain working relationships with appropriate external parties including Ministry of Finance, other central banks, currency printers and minters, commercial banks, the Kenya Bankers Association, government regulatory agencies, Judiciary, State Law Office, Law Enforcement agencies etc.
Key Performance Indicators
  • Will be determined by CBK
Competencies
 
Technical skills
  • Currency and banking emerging issues
  • Currency security features
  • Substrate development
  • Currency Production Technology
  • Anti-counterfeiting deterrence measures
  • Financial and accounting skills
Processing technology
  • Currency planning
  • Currency security measures
  • Currency centre operations
  • Currency planning
  • Regional currency trends
  • Reserves management
  • Forecasting cash demand
  • Commercial banking operations
  • Currency risk management
Functional Skills
  • Banking laws and regulations
  • Central Banking Operations
  • Strategic Planning
  • Budgeting and Planning
  • Ability to drive change
  • Project Management
  • Governance – knowledge and ability to ensure good governance practices in assigned Department
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Stakeholder Management
  • Report writing-ability to develop reports
Behavioural Skills
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Building consensus and influencing-ability to influence various players across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstand strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Job Title: Director, Financial Systems Oversight

Job Ref: PKF/HR/005 

Division: Policy and Regulation

Department: Financial Systems Oversight

Department Purpose Statement: The Financial System Oversight Department is responsible for macro-prudential analysis, financial stability assessment and financial inclusion analysis to foster sound, efficient, stable and resilient market-based inclusive financial system. It conducts research to support this objective. 

The Department contributes in shaping the development and implementation of financial sector policies and strategies aimed at ensuring likely systemic impacts on the stability of the system are detected early and pro-actively mitigated. 

Ensures the Central Bank moves ahead in macro-prudential surveillance, assessment and analysis including appropriate dissemination. 

The Department will also collaborate and coordinate financial stability, financial inclusion and sound financial markets conduct with different financial sector regulators and other stakeholders. 

Role of the Job
  • Ensure development/ domestication and implementation of macro-prudential surveillance, assessment and analytical frameworks and facilitate research that foster financial stability, financial inclusion and sound financial markets conduct practices in line with international best practices;
  • Ensure development of timely reliable and quality database for financial soundness and early warning indicators and macro-prudential surveillance, assessment and analysis and financial inclusion analysis;
  • Ensures the department meets its functional responsibilities and makes these contributions effectively and efficiently;
  • Assists the Governors and Deputy Governors with on-going and long-term management and development of the Bank’s resources and organisational capability;
  • Contributes as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives;
  • Works effectively as part of the senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role. 
Main Responsibilities of the Jobs (Key Result Areas)
  • Effective leadership in formulation and implementation of policies and standards that are aligned with international best practices for fostering financial system oversight.
  • The job holder is responsible for the following units:
  1. Financial Institutions and Macro-Prudential Analysis Unit
  2. Financial Inclusion Analysis Unit
  3. Financial System Development Projects
  • Develop and implement macro-prudential surveillance, assessment and analytical frameworks to contribute towards and foster financial systems stability, financial inclusion and sound financial market conduct practices including consumer protection;
  • Coordinate the development/ domestication and implementation of macro-prudential surveillance, assessment and analytical frameworks/ methods towards fostering financial system stability;
  • Ensure establishment and management of effective and secure database for financial soundness indicators, early warning indicators; macro-prudential indicators and analysis and financial inclusion analysis;
  • Effective participation and coordination of the Financial Stability and Investment Committee of the Board Secretariat and activities.
  • Coordinate financial institutions network analysis, SIFIs, financial corporations groups and conglomerates analysis and their systemic risks and vulnerabilities from these relations is carried out;
  • Establish mechanisms for early detections to likely disruptions in the financial system that can delay or hamper the transmission of monetary policy decisions to the real economy;
  • Coordinate stress testing team and scenario design supported by modelling and consultations with relevant stakeholders;
  • Work with Director of Economics to ensure appropriate scenario design, management of system liquidity, including a framework for providing emergency liquidity in a crisis;
  • Ensure the on-going development of financial crisis resolution mechanisms and business continuity procedures;
  • Work with Financial System Supervision to promote sound loan lending standards and guard against imprudent risk taking in the banking sector;
  • Ensure ongoing monitoring and analysis of systemic risks, including in asset and credit markets; and appropriate coordination among the key policy makers;
  • Partner with various stakeholders to ensure synergy between central banking activities, prudential regulation, payments and crisis management and resolution responsibilities;
  • Participate in contingency planning in collaboration with other stakeholders for cross-border, group and conglomerates risk assessment and crisis management, particularly with respect to systemically important financial market players;
  • Assess vulnerabilities affecting the local and regional financial system and identify and review on a timely and ongoing basis the regulatory, supervisory and related actions needed to address them, and their outcomes;
  1. Promote coordination and information exchange among authorities responsible for financial stability;
  2. Monitor and advise on market developments and their implications for regulatory policy;
  3. Advise on and monitor best practice in meeting regulatory standards;
  4. Undertake joint strategic reviews of the policy development work of the international standard setting bodies to ensure their work is timely, coordinated, focused on priorities and addressing gaps;
  5. Support contingency planning for cross-border crisis management, particularly with respect to systemically important players and stakeholders;
  6. Collaborate with the IMF to conduct Early Warning Exercises.
  • Work with various internal and external stakeholders to ensure fair and equitable treatment of consumers in their financial transactions including but not limited to;
  1. Anti-money laundering frameworks to meet national and international best practices and requirements
  2. Policy strategies and initiatives to enhance financial inclusion
  3. Initiatives to enhance the effectiveness and efficiency of the credit market including enhanced credit information sharing and dispute resolution mechanisms
  4. Collaboration with, and appropriate support for, Kenya Deposit Insurance Corporation
  5. Coordinate and collaborate with internal and external stakeholders on initiatives for enhanced safety nets and resolution of troubled financial institutions/ corporations including microfinance banks (when required)
  6. National/regional initiative for supervisory colleges and consolidated supervision for groups and conglomerates and cross-border transactions
  7. Ensure effective liaison with government and other regulatory bodies concerned with fostering financial systems stability and increasing national and international confidence and integrity in the financial systems
  • Champion and monitor the departmental risk management framework and policies in liaison with the Enterprise Risk Management Department
  • Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance
  • Identify, implement and benchmark best practices in management
Qualifications, Knowledge and Skills

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s Degree in Economics, Financial Economics, Finance or equivalent professional qualification in relevant field of study
  • Bachelor’s Degree in Economics or Banking, Accounting, Business, Finance
  • Knowledge in statistical analysis & interpretation of data, familiarity in using latest computer analytics software (matlab, stata, R, SPSS, Eviews etc.)
  • Clear understanding of financial systems, banking and relevant emerging issues in:
  1. Monetary and financial issues
  2. Regulatory practices and risks assessment methods covering the financial system
  3. Domestic and global economic financial analysis
  4. Banking Act requirements and regulations issued by CBK
  5. Risk management
  6. BASEL core principles of banking supervision
  7. International standards and best practices for the financial sector e.g. insurance, banking, microfinance, Sacco’s, deposit insurance, capital markets and pensions
Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten (10) years’ experience in economics, financial services and banking environment, five of which should be in a managerial capacity
  • Professional qualification in relevant field study e.g. Chartered Financial Analyst (CFA), Certified Public accountant (CPA), Risk Management etc. is an added advantage
Working Relationships

The Department Head will be:
  • Accountable to the Deputy Governor (Policy and Regulation)
  • Directly responsible for the Financial Institutions and Macro-Prudential Analysis Unit and Financial Inclusion Analysis Unit
  • Directly responsible for the Administrative Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Board, Governor, Deputy Governors and other Department Heads and Unit Managers as may be necessary.
  • Required to work closely with Director of Economics, Payments and Financial Systems Supervision departments
  • Required to collaborate and offer support to the Kenya Deposit Insurance Corporation
External working Relationships:
 
Required to develop and maintain working relationships with
  • Domestic regulators including:
  1. Capital Markets Authority,
  2. Retirement Benefits Authority
  3. Insurance Regulatory Authority
  4. and SACCO Societies Regulatory Authority
  • Banks and other Financial Institutions/Corporations
  • The National Treasury and other government ministries
  • Kenya Revenue Authority
  • Kenya National Bureau of Statistics
  • Financial Institutions and Financial service providers associations e.g. Kenya Bankers Association, AMFI, KUSCO, AKI etc.
  • EAC, COMESA, IMF, FSB, World Bank, AFI, GPFI and other Development Partners including the Financial Sector Deepening Trust (FSD), Regional Consultative Group for Sub-Saharan Africa of the Financial Stability Board (FSB),Financial Stability Board at the Bank for International Settlements, Global Partnership for Financial Inclusion (GPFI)
  • Alliance for Financial Inclusion (AFI),
  • The World Bank and IMF
Competencies

Technical skills:
  • Macro-prudential analysis
  • Financial inclusion techniques
  • Financial modelling techniques
  • Financial programming
  • Financial stress testing
  • Market risk assessments
  • Sensitivity analysis
  • Policy analysis
  • Macro-economics
  • Monetary policy analysis
  • Fiscal policy
  • Financial market operations & instruments
  • Money market operations
  • Commercial banking operations
  • Financial Institution operations
  • Government operations
  • Development finance
  • Cross-border payments
  • Debt monitoring strategies
  • Reserves management
  • Banking laws and regulations
  • Basel principles
Functional Skills
  • Strategic Planning
  • Budgeting and Planning
  • Ability to drive change
  • Governance – knowledge and ability to ensure good governance practices in assigned Department
  • Risk management
  • Stakeholder Management
  • Report writing-ability to develop financial stability reports
Behavioural Skills
  • Building consensus and influencing-ability to influence various sectors and stakeholders across the economy on economic planning and initiatives required
  • Decision making –ability to make strategic economic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise stakeholders on major and critical economic decisions required
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement for the benefit of the economy
  • Performance Management and team building –ensure the performance of the central bank in contributing towards ensuring financial stability for the development of the economy
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstand strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Job Title: Director, Payment Systems

Ref: PKF/HR/004 

Division: Policy and Regulation

Department: Payment Systems

Department Purpose Statement: The Payment Systems department ensures an efficient, reliable and secure payment system that supports the smooth functioning of the economy. 

The department is also responsible for ensuring that the National Payment Systems meet market requirements and respond effectively and on time, to technological changes.

Role of the Department Head
  • Formulate and implement payment strategies and policies that promote the establishment, regulation and supervision of efficient and effective payment, clearing and settlements systems as provided for in the CBK Act.
  • Develop payment strategies and policies for Board approval in line with the CBK’s strategy and national priorities
  • Ensures the department meets its functional responsibilities and makes these contributions effectively and efficiently.
  • Assists the Governor with on-going and long-term management and development of the Bank’s resources and organisational capability;
  • 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 senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
Main Responsibilities of the Jobs (Key Result Areas)
  • The job holder is responsible for the supervision of the following:
  1. Payment Systems Oversight Unit
  2. Payment Systems Operations Unit
  3. Payment Systems Policy Development
  4. Payments Systems Adviser
  • Provide effective leadership and ensuring national payment systems are efficient, reliable and secure.
  • Ensure that the national payment systems and instruments comply with the relevant legislation such as CBK Act and National Payment Systems Act
  • Develop on-going payment strategies and policies for Board approval in line with CBK`s strategy and national priorities for wholesale and large value payments
  • Develop payment strategies and policies for Board approval in line with CBK`s strategy and national priorities for retail payment systems
  • Ensure effective management and oversight of systematically important payment systems.
  • Ensure continued availability of efficient, reliable and secure payment systems that support the smooth functioning of the economy: Ensure Payment systems’ infrastructure operates under oversight and meets international standards.
  • Develop and implement policies to ensure national Payments Systems meet market requirements and respond to technological change:
  • Participate in and support the “National Payment Council”.
  • Ensure the operation of efficient payments services for banks and the broader financial system.
  • Ensure the operation of and manage the National Single Window project.
  • Operate and manage the National Switch project
  • Keep abreast with payment trends including mobile banking processes and platforms and link this to improved payment policy and banking requirements
  • Keep abreast with payment risks including cyber risks and other risks and ensure an adequate payment risk management framework is in place
  • Participate in formulation of cross border initiatives aimed at regulatory coordination and cooperation
  • Participate in stakeholder committees and meetings
Qualifications, Knowledge and Skills

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Economics, Finance , Management, Business Administration, Law or in any relevant field
  • Training and certification from reputable international organisation on payment systems policy and oversight
  • Extensive experience in banking operations including policy papers for decision making bodies
  • Experience in monitoring banking systems
  • Not less than ten years’ experience related to the Kenyan financial systems and payments environment; three of which should be in a managerial capacity
  • In depth knowledge of payment systems compliance requirements including the BIS Core principles
  • In depth knowledge of the work and the industry on issues related to payment systems and instruments such as:
  1. Large value payment systems
  2. Payment Systems
  3. Payment innovation
  4. Payment security
Working Relationships

Internal working relationships:

The Department Head will be:
  • Accountable to the Deputy Governor (Policy and Regulation)
  • Directly responsible for Payments System Oversight Head, Payments System Operations Head, Payment Systems Policy Development Head and Payments Systems Adviser.
  • Directly responsible for the Administrative Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Governor, Deputy Governor, other Department Heads and Unit Managers as may be necessary.
External working relationships 

Required to develop and maintain working relationships with stakeholders:
  • Commercial banks, 
  • Other central banks,
  • Government regulatory agencies, 
  • Kenya Bankers Association amongst others 
Competencies

Technical Skills
  • Knowledge of payment systems policy formulation
  • Wholesale payments operations
  • Payments landscape
  • Payment security standards
  • Payment instrument (card, cheque, EFT) clearing process
  • Commercial bank operations
  • Government operations in relation to payment systems
  • ACH
  • Cross border payments
  • Mobile banking processes
  • Currency management
  • Macro-surveillance
  • Security and cyber risks exposure to payment systems
  • Risk Assessment frameworks
  • Financial analysis
  • System performance monitoring and oversight
  • AML, KYC and other laws affecting financial infrastructure
  • Regional economic and payment systems trends
Functional skills
  • Sound knowledge and experience in the operating frameworks for CBK including:
  1. Monetary policy framework implementation methods
  2. Central banking operations
  3. Financial institution operations
  4. Regional banking and economic trends
  • Budgeting and planning –experience and ability to define the departmental wide budgets and to advise on budgeting implications for strategy realisation
  • Risk Management-experience in identifying departmental risks, developing mitigating measures and monitoring mechanisms
  • Governance – knowledge and ability to ensure good governance practices in assigned Department and ensure strategy for payments incorporates good governance processes.
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Ability to coordinate Business Continuity
  • Project Management of various payment projects
  • Regional trends
  • Financial inclusion
  • Ability to induce and drive change
  • Report writing-ability to develop strategic reports
  • In depth knowledge of payment systems compliance requirements including the BIS Core principles
Behavioural
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise external stakeholders on major payments strategic implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Building consensus and influencing-ability to influence various players in the financial sector and across all CBK departments
  • Communication skills
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Job Title: Director, Strategic Management

Job Ref: PKF/HR/006 

Division: Operations and Management

Department: Strategic Management

Department Purpose Statement: The Strategic Management department combines medium term development roles and long term responsibilities. 

The department drives an integrated strategy developmental process, monitoring and implementation and as well as in planning and management systems.
Role of the Department Manager
  • Ensures the Bank has a continuously responsive business strategy that is responsive to vision 2030, the revised constitution, other external and internal change drivers
  • Ensure the various departments and units in ensuring strategic business unit plans are developed and meet its functional responsibilities and outputs and makes these contributions effectively and efficiently
  • Assists the Governor with on-going and long-term management and development of the Bank’s resources and organisational capability
  • 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 senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role. 
Main Responsibilities of the Jobs (Key Result Areas)
 
The job holder is responsible for the following:
  • Business Planning and Corporate Performance
  • Strategic Projects
  • Professional Support Staff
  • Lead the implementation of the Business Process Re-engineering (BPR) from the Organisation Development Review (ODR)
  • Drive corporate strategy development for the Bank in response to vision 2030 demands, constitution requirements and other external and internal change drivers as required
  • Ensure the periodic reviews of strategy in line with external and internal political, economic, social, environmental change drivers
  • Enforce compliance with strategic planning reporting requirements by linking to independent performance management and departmental SLA processes
  • Ensure on-going strategic research and innovation takes place in the bank and ensure effective management of strategic research projects
  • Ensure the establishment and on-going effective implementation of a strategic project office to provide programmatic oversight for all internal projects within CBK
  • Ensure good practices and project governance standards are in place for the Bank
  • Ensure the review of management systems within the bank and that they are continuously aligned to the corporate strategy as it evolves
  • Ensure effective project M&E mechanisms are established and continuously refreshed in the bank to ensure the tracking and reporting of the achievement of the project outputs and quantitative and qualitative benefits
  • Ensure the change maturity and agility of the Bank is continuously monitored and mechanisms to accelerate change are driven by the strategic change leader
  • Advises on strategic implications of on-going findings on financial inclusion driven by Financial stability and inclusion departments and advise on possible strategic implications and internal projects or management systems to improve
  • Liaises with Internal Audit and Enterprise Risk Management departments on major issues impacting business performance and requiring adjustments to management systems
  • Ensures effective frameworks and mechanisms are in place for monitoring of enterprise wide performance 
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Business , Economics, Strategic Management or related field
  • Membership to a professional body relating to strategy or banking or central banking
Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten (10) years’ experience in strategy design management,, implementation and review in a professional organisation, three (3) of which should be in a managerial capacity 
Working Relationships

Internal Working Relationships:
 
The Department Head will be:
  • Accountable to the Deputy Governor (Operations and Management)
  • Directly responsible for the Head of Strategic Projects and Head of Business Planning and Corporate performance
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Governor and all Department Heads and Unit Managers as may be necessary. Specifically required to liaise extensively with:
  1. Economics Policy department in terms of Economics Research and how this should feed into strategy
  2. KSMS in terms of monetary school research findings and how this should feed into strategy and other innovations for CBK
  3. Organisation Development in HR in terms of how strategy continuously links to the evolvement of structures, roles and values and behaviours required
  4. Internal Audit
  5. Enterprise Risk Management
External Working Relationships:
  • Financial sector players including:
  1. Banks and Non- Banks
  2. Regional and International Central Bank Networks
  3. Other Financial Sector Regulators- Insurance and Capital Markets as required
  • National Treasury
  • County Governors in regions where CBK branches or Currency Centres are operating as required
Competencies

Technical
  • Strategic planning and ability to develop strategic plans
  • Strategic analysis using all of the following various methods such as:
  1. Value Chain Analysis
  2. Results Based Management
  3. Scenario Planning and
  4. Sensitivity Analysis Logical framework analysis
  5. Pestel analysis
  6. SWOT analysis
  7. Cost benefit analysis
  • Project management and programme management (management of multiple projects)
  • Systems thinking – ability to see linkages and dependencies of strategy and processes on inter-departmental activities and units and develop mechanisms to ensure integrated transformations
  • Business Process Improvement –sound knowledge and experience with business process improvement initiatives across multiple departments to be able to lead BPR transformation
  • Performance management-sound knowledge and experience with defining corporate performance management and defining and measuring strategic outputs and advising the organisation on how to cascade these to functions and specific role KPI`s
  • Monitoring and evaluation-sound experience and knowledge in establishing monitoring frameworks and mechanisms for monitoring strategic realisation and outputs
  • Banking laws and regulations –technical experience in banking or central banking sector
  • Change Management skills-knowledge and experience in identify strategic change management initiatives to ensure adoption and benefits realisation
Functional skills
  • Sound knowledge and experience in the operating frameworks for CBK including:
  1. Monetary policy framework and implementation methods
  2. Commercial banking operations
  3. Financial institution operations
  4. Regional economic trends
  • Budgeting and planning –experience and ability to define the departmental and organisation wide budgets and to advise on budgeting implications for strategy realisation
  • Risk Management-experience in identifying departmental risks, developing mitigating measures and monitoring mechanisms
  • Governance – knowledge and ability to ensure good governance practices in assigned Department and ensure strategy for CBK incorporates good governance processes. Advises on governance structures as appropriate for implementation projects under the strategic projects office for CBK
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Report writing-ability to develop strategic projects on the periodic strategic outcomes of CBK
Behavioural
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major strategic implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Building consensus and influencing-ability to influence various players in the financial sector and across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Job Title: Director, Public Relations and Communication

Job Ref: PKF/HR/007 

Division: Governance and Management

Department: Public Relations and Communications

Department Purpose Statement: The Public Relations and Communication department is responsible for the Bank’s strategic & corporate communications as well as managing information and knowledge (library) resources. 

The Department is the custodian of information and dissemination of the same to the Bank`s internal and external stakeholders. 

The department is mandated to foster the understanding of the role and mandate of the central bank to external audiences as well as managing the Bank’s corporate image.

Role of the Job
  • To develop and co-ordinate the effective and efficient implementation of a comprehensive communication programme in support of CBK`s strategic focus
  • Develop a communication strategy for the bank
  • Assist the Deputy Governors with on-going information flow for effective and evidence based decision making
  • Manage the banks internal and external stakeholders through effective communication channel development and monitoring
  • Manage external stakeholders as required
  • Serve as an Advisor to the Governor on public relations matters
  • Work effectively as part of the senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
  • Take overall responsibility for the bank’s website and other communication channels 
Main Responsibilities of the Job (Key Result Areas)

The job holder is responsible for the following units:
  • Communications Unit
  • External Relations Unit
  • Knowledge and Information Services Unit (electrical information and the library)
The main responsibilities include:
  • Develop the communications strategy for the Bank for internal and external stakeholders
  • Undertake detailed stakeholder analysis and communications audit
  • Develop mechanisms for monitoring effectiveness of communications
  • Develop standards for management of the brand and for communication through reports, presentations and other communication mechanisms
  • Ensure effective media monitoring and reporting
  • Oversight of CBK website and intranet and other web channel administration and updates as required
  • Oversight of all events in the bank
  • Keep abreast of regional trends and issues impacting the Bank and advise on communication initiatives required
  • Liaise with heads of department to identify major communication initiatives required
  • Develop effective records management standards and policies for adherence by department specific registries
  • Oversight of the Bank`s library and ensure standards and policies of library management are implemented
  • Manage the Bank`s museum
  • Manage and monitor the communications budget
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Communication, Journalism, Public Relations or related field
  • Bachelor’s degree in Communication, Journalism, Public Relations, Economics, Finance, or related fields
  • Relevant professional qualification
  • Membership to any relevant professional body
Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten (10) years’ experience in communication; three (3) of which should be at a managerial capacity
Working Relationships

Internal relationships:
 
The Department Head will be:
  • Accountable to the Governor and Administratively to the Deputy Governor (Operations and Management)
  • Directly responsible for the Communications Unit, Knowledge and Information Services Unit, and External Relations Unit.
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
  • Required to liaise and work closely with the Governor and other Department Managers and Unit Managers as may be necessary
External relationships:
 
Required to develop and maintain good working relations with external stakeholders including:’
  • The media
  • Various regional bodies
  • Various financial institutions for events management
  • Regulatory bodies
  • Regional bodies and central banks
Competencies
 
Technical skills
  • Communications audit
  • Stakeholder analysis
  • Communications Strategy development and implementation
  • Mass Communication
  • Media relations
  • Investor relations
  • Press releases drafting
  • Library management
  • Records Management
  • Knowledge Management
  • Events Management
Functional skills
  • Banking laws and regulations
  • Strategic planning
  • Knowledge of financial sector operations and environment
  • Budgeting and Planning
  • Risk Management
  • Research
  • Report writing
  • Analytical skills
Behavioural skills
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major communications implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk
  • Building consensus and influencing-ability to influence various players in the financial sector and across all CBK departments
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader
  • Diplomacy-is diplomatic in both verbal and written communication and ensures CBK is not put at reputational risk

Job Title: Director, Procurement and Logistics

Job Ref: PKF/HR/008 

Division: Operations and Management

Department: Procurement & Logistics Services

Department Purpose Statement: The Procurement & Logistics Department provides procurement and logistical support for the Bank’s activities and ensures availability of supporting infrastructure for the Bank’s operations.
Role of the Department Head
  • Reports to the Deputy Central Bank Governor with the full responsibility for coordinating, shaping and implementing the strategic direction of the sourcing and procurement functions for the Central Bank.
  • Ensures policies and processes that are compliant with PPOA
  • Ensures effective management of capital projects
  • 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 senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role. 
Main Responsibilities of the Jobs (Key Result Areas)
  • Planning and coordinating the sourcing and procurement functions for the Central Bank effectively and efficiently.
  • Enforces the Government’s procurement regulations, systems and procedures.
  • Ensures effective management, monitoring and evaluation of capital projects within the Procurement Department
  • Ensures all departments and staff in CBK are familiar with and comply with the procurement procedures
  • Manages the sourcing lifecycle: from supplier selection, contract and price negotiation, management of the tender process, through to post-contract award and performance assessment.
  • Effectively establishes and manages relationships with stakeholders to contribute to the achievement of Central Bank’s strategic objectives.
  • Develops ethical and strategic relationships with key suppliers ensuring cost saving targets are achieved without compromising the quality of materials and services.
  • Ensures maintenance of records on the performance of suppliers for purposes of providing performance feedback and updating service provider lists
  • In addition to coordinating the procurement functions of Central Bank, ensuring the effective provision of:
  1. Transport services including, and not limited to, the delivery of purchased merchandise and chauffeuring of Central Bank executives.
  2. Maintenance and housekeeping services for Central Bank’s estates.
  • The job holder is responsible for the following units:
  1. Procurement and Supplies Unit
  2. Facilities and Estates Management Unit
  3. Transport and Logistics Services Unit
  • Formulation and implementation of policies in assets management and procurement
  • Implementation of the departmental Business Continuity and Disaster Recovery plans 4.
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Procurement and Logistics, Supply Chain Management, or related field.
  • Bachelor’s degree in Procurement and Logistics, Business Administration/Management or related field
  • Certified Procurement Specialist
Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than ten (10) years’ experience in procurement/supply chain management three of which should be at a managerial capacity
  • Hold a Professional Diploma in Procurement and Supply from the Chartered Institute of Purchasing and Supply (CIPS), or its equivalent.
  • Be a member of the Kenya Institute of Supplies Management (KISM) 
Working relationships
 
Internal working relationships
 
The Department Head will be:
  • Accountable to the Deputy Governor (Operations and Management)
  • Directly responsible for the Facilities and Estates Management Head, Procurement and Supplies Head as well as Transport and Logistics Services Head.
  • Required to liaise and work closely with the Governor and other Department Heads and Unit Managers as may be necessary to ensure understanding and compliance of user departments with procurement laws and processes.
  • Directly responsible for the Secretarial Support and indirectly for other staff within own department
External working relationships
  • Required to establish and maintain ethical relationships with contractors to provide significant services managed by specialist units.
  • Kenya Institute of Supplies Management (KISM)
Competencies
 
Technical Skills
  • PPOA requirements and implementation
  • Procurement policies and procedures
  • Supplies and material management
  • Contract management
  • Procurement planning (annual procurement plans and periodic plans as required)
  • Vendor management practices
  • Service level agreements o Warehouse management o Inventory management
  • Procurement for goods and services
  • Procurement for non-goods and services
  • Materials management
  • Fleet management
  • Asset management
  • Estate and facilities management
Functional skills
  • Banking laws and regulations
  • Strategic planning-ability to develop a departmental strategic plan and annual plan
  • Budgeting and planning –experience and ability to define the departmental budgets and to advise on budgeting implications for strategy realisation
  • Risk Management-experience in identifying procurement risks, developing mitigating measures and monitoring mechanisms
  • Governance – knowledge and ability to ensure good governance practices in assigned Department and ensure strategy for CBK incorporates good governance processes. Advises on governance structures as appropriate for implementation projects under the strategic projects office for CBK
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Report writing-ability to develop strategic projects on the periodic strategic procurement issues
Behavioural
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk and non-compliance with GoK procurement laws and regulations
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major strategic implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Building consensus and influencing-ability to influence various players in the financial sector and across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader in a central bank

Job Title: Head, Procurement & Supplies Unit

Job Ref: PKF/HR/009 

Division: Operations and Management

Department: Procurement & Logistics

Unit: Procurement and Supplies

Department Purpose Statement: The Procurement and Logistics Department provides logistical support for the Bank’s activities and ensures availability of supporting infrastructure for the Bank’s operations. 

Role of the Head
  • Reports to the Department Head, Procurement & Logistics with the responsibility of coordinating, managing and executing the sourcing and procurement functions for the Central Bank.
  • Ensures policies and processes that are compliant with PPOA
  • 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 management team to deliver on the Key Result Areas and demonstrates competencies of his/her role. 
Main Responsibilities of the Jobs (Key Result Areas)
  • Analyse the Bank’s needs and the market dynamics of the financial services industry to develop a procurement plan for the core services as well as the administrative services.
  • Monitor supply markets and trends (including price changes, possible shortages, and changes in suppliers), interpret the impact of these trends on the Central Bank's procurement strategy and advises on supply options and contingency plans that support the organisation's needs.
  • As a member of the procurement committee, participates in the:
  1. Development of prequalification requirements for third party service providers.
  2. Periodic prequalification and due diligence on selected suppliers – in order to ensure quality is achieved at the most reasonable cost and in line with policies and procedures.
  3. Plan and coordinate all interactions with suppliers to identify and realise new value and reduce risk.
  4. Establish and maintain collaborative relationships with suppliers to ensure quality and cost effective supplies are procured.
  • Maintain records on the performance of suppliers for purposes of providing performance feedback and updating service provider lists.
  • Review procurement requisitions against company policies and approves relevant requisitions for the development of purchase orders.
  • Ensure all the proper documentation required for purchase orders is completed and expedites the purchase orders with suppliers.
  • Support the process of technical control through inspection of delivered products and validation of commercial invoices against company standards in line with the contractual agreements made with third party service providers.
  • Liaise with the Finance department in confirming availability of funds and timely payment for goods and services provided by third party service providers.
  • Provide technical procurement guidance to the administrative team on administrative procurement.
Branch Coordination
  • Manage and Coordinate the Procurement Administrative function at all branches and currency centres for the effective performance of CBK.
  • Coordinate the implementation of procurement services initiatives
  • Act as the first point of contact at the Head Office on any procurement related issues from the Branches and Currency Centres
  • Oversee the provision of effective administrative and logistical support for the execution of the mandate of Procurement and Supplies Department.
  • Giving advice and guidance on interpretation and application of Procurement Policies and Procedures to employees in the Branches.
  • Assist in contract revisions, bids, Request for Proposal (RfP) and Request for Qualifications (RfQ) document preparation, assembly and distribution of required correspondence at the Branch and Currency Centres.
  • Undertake procurement review of query responses with Procurement Administrators at the Branches 
Qualifications, Knowledge and Skills

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Procurement and Logistics, Supply Chain Management, or related field.
  • Bachelor’s degree in Procurement and Logistics, Business Administration/Management or related field
Minimum level of personal and professional experience required to perform effectively in the role
  • Not less than seven (7) years’ experience in logistics/operations; two (2) of which should be at a managerial capacity
  • Hold a Professional Diploma in Procurement and Supply from the Chartered Institute of Purchasing and Supply (CIPS), or its equivalent.
  • Be a member of the Kenya Institute of Supplies Management (KISM)
  • Extensive knowledge of contract management 
Working Relationships

Internal working relationships
 
The Head, Procurement and Supplies Unit will be:
  • Accountable to the Department Head, Procurement and Logistics.
  • Directly responsible for the Stores Manager and Procurement Manager.
  • Indirectly responsible for other staff within own unit.
  • Required to liaise and work closely with the Governor, other Department Heads and Unit Managers as may be necessary.
External working relationships
  • Establish and maintain collaborative relationships with third party service providers to ensure quality and cost effective supplies are procured.
  • Kenya Institute of Supplies Management (KISM)
Competencies

Technical Skills
  • Procurement policies and procedures
  • Supplies and material management
  • Contract management
  • PPOA requirements
  • Procurement planning
  • Vendor management practices
  • Service level agreements
  • Warehouse management
  • Inventory management
  • Procurement for goods and services
  • Procurement for non-goods and services
  • Materials management
Functional skills
  • Banking laws and regulations
  • Strategic planning-ability to provide inputs into developing a departmental strategic plan and annual plan for procurement department
  • Budgeting and planning –experience and ability to define the departmental and organisation wide budgets and to advise on budgeting implications for strategy realisation
  • Risk Management-experience in identifying procurement and operational risks, developing mitigating measures and monitoring mechanisms
  • Governance – knowledge and ability to ensure good governance practices in assigned Department and ensure strategy for CBK incorporates good governance processes. Advises on governance structures as appropriate for implementation projects under the strategic projects office for CBK
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Report writing-ability to develop strategic projects on the periodic strategic outcomes of CBK
Behavioural
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk and non-compliance with GoK procurement laws and regulations
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major strategic implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and CBK values
  • Building consensus and influencing-ability to influence various players in the financial sector and across all CBK departments
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader

Job Title: Head, Internal Audit, KSMS

Job Ref: PKF/HR/010

Division: Governance

Department: Kenya School of Monetary Studies (KSMS)

Unit: Internal Audit 

Department Purpose Statement: The Head, Internal Audit, KSMS will be focused primarily on the audit of operations and controls in order to ensure that the School has the capability to perform its functions in an effective and efficient manner. 

The department does not operate management controls. is responsible for planning, executing and reporting on operational, financial, regulatory and compliance related audits/reviews of the Kenya School of Monetary Studies (KSMS)The Internal Audit department’s activities 

Role of the Job
  • The Department Head provides effective leadership to the internal and external audit teams in reviewing the operations and controls of the Bank.
  • Is responsible for managing all internal audit teams and liaison on external audit activities.
  • Ensures the Unit meets its functional responsibilities and makes its contributions effectively and efficiently.
  • Contributes as appropriate to the performance of other functions in KSMS and to the overall achievement of the School’s strategic objectives
  • Works effectively as part of the senior management team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
Main Responsibilities of the Job (Key Result Areas)
  • Develops Internal Audit framework and policy and operating procedures
  • Establish, implement and monitor risk based internal audit mechanisms
  • Ensure that KSMS has appropriate and effective operational planning and management systems.
  • Ensures independent appraisals of the School’s activities, functions and operations to ensure internal control frameworks are in place and operating efficiently.
  • Lead and carry out special investigations and unplanned internal audit work through relevant Internal Audit project teams.
  • Lead and carry out systems audits
  • Provide regular reports to the Audit Committee of the KSMS Board on progress of work in the Unit
  • Provide secretarial services to the Audit Committee of the KSMS Board
  • Ensure that appropriate technical advice and support and quality assurance is provided to the Board, senior management teams and KSMS as a whole.
  • Develop, train, coach, motivate and evaluate functional staff in the department to achieve their highest levels of performance
Qualifications, Knowledge and Skills
 
Minimum level of academic qualification, skills and knowledge required to perform effectively in the role
  • Master’s degree in Accounting, Finance, Economics or any field relevant to operations of the Central Bank
  • A professional qualification in relevant field study i.e. CIA, CPA-K, ACCA, CISA etc.
  • Clear understanding of audit operations and processes and relevant emerging issues in:
  1. Public internal audit requirements
  2. Management controls and operations (preferably in the banking or financial services sector)
  3. Risk based auditing
Minimum level of personal and professional experience required to perform effectively in the role
  • Seven (7) years’ experience in audit (internal and or external) and any other relevant area. Should have at least two years management level experience.
  • Three (3) years’ experience in leading audit teams, project teams, risk based audits and in undertaking special investigations/ audits. 
Working Relationships
 
Head, Internal Audit, KSMS will:
  • be accountable to the Board but administratively to the Executive Director.
  • be directly responsible for Audit teams, the Secretarial Support Staff and is indirectly responsible for other staff within own department
  • liaise and work closely with the other Unit Managers as may be necessary.
  • develop and maintain working relationships with appropriate external parties including Office of the Auditor General, external audit teams etc. 
Key Performance Indicators
  • Attainment of strategic objectives
  • Provision of adequate resources (staff, finances, space)
  • Quality of audit performed i.e. quality assurance
  • Implementation of audit work plan
  • Proficient and skilled staff
  • Level of support to external auditors
  • Regular reports to Audit Committee
  • Level of budget absorption
Competencies

Technical
  • Public internal audit requirements
  • Management controls and operations
  • Risk based auditing
  • Audit Strategy formulation
  • Management Audits
  • Enterprise Risk Based Audit
  • Computer Aided Audit Techniques
  • Value for money assessments
  • Systems audit and security
  • Quality Assurance Reviews
  • Audit reporting Financial management
  • Accounting systems
  • IFRS
  • Corporate Governance
Functional
  • Sound knowledge and experience in the operating frameworks for KSMS
  • Budgeting and planning –experience and ability to define the departmental and organisation wide budgets and to advise on budgeting implications for strategy realisation
  • Risk Management-experience in identifying departmental risks, developing mitigating measures and monitoring mechanisms
  • Governance – knowledge and ability to ensure good governance practices in assigned Unit and ensure strategy for KSMS incorporates good governance processes.
  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts
  • Report writing-ability to develop strategic reports on the periodic strategic outcomes of KSMS
Behavioural
  • Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement
  • Performance Management and team building
  • Decision making –ability to make strategic decisions in a timely and effective manner and to advise departments on major strategic implications and critical decisions required
  • Professionalism –maintains a professional approach based on ethics and KSMS values
  • Integrity and honesty and ethics- ensures ethical practices and integrity and ensures KSMS is not put at reputational risk
  • Independence and objectivity-ability to maintain independence and objective opinion for the benefit of the school and not for the benefit of individuals
  • Building consensus and influencing-ability to influence various players in the financial sector and across all KSMS Units
  • Communication
  • Customer orientation-is customer focused striking a solid balance between external and internal customer orientation
  • Resilience –is able to withstanding strategic and operational challenges and maintain momentum
  • Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader
How to Apply

If you fit the profiles of these roles and are flexible enough to enjoy the challenge of adapting to the changing needs of an evolving Central Bank as you grow your career, then please submit your application with a detailed CV, stating your current position, remuneration level, e-mail and telephone contacts quoting the job title/reference in the field of interest directly toexecutiverecruitment@ke.pkfea.com by 23rd December, 2014.

PKF will only process applications submitted through the online address given and only shortlisted candidates will be contacted.


Central Bank of Kenya is an Equal Opportunity Employer.