The role holder will process licensing applications of virtual asset service providers (VASPs), review for approval or decline VASP products to ensure an all-inclusive, technologically driven national payment system. The role holder will be involved in policy development initiatives for VASPs and payment services including development of standard operating procedures and guidelines for the section.

Strategic Responsibilities
1. Continuously review and align the VASP Act and Regulations in line with international standards and best practices and make recommendations for policy interventions to encourage financial innovation.
2. Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
3. Work effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of his/her role.

Technical and Operational Responsibilities
1. Review and recommend for approval applications for the launch of any new VASP product/service by licensed VASPs.
2. Review VASP applications and recommend for approval to Management in line with the VASP Act and Regulations.
3. Review the requisite documentation on all applications for the launch of any new VASP product/service by existing VASPs.
4. Correspond with all applicants for VASPs.
5. Coordinate and Chair meetings with prospective new VASPs for regulatory guidance.

Other Responsibilities
1. Sectional budget development and monitoring.
2. Mentor, coach and mobilize the VASP team to achieve annual operational work plans.
3. Oversee training of new staff in the Section on work procedures and company policies to ensure effective client service.
4. Any other assigned roles and responsibilities.

1. Bachelor’s Degree in Economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, Mathematics, Computer Science or related field of study.
2. Professional qualification in Banking, Accounting, Finance, Risk Management, or related field of study is an added advantage.

At least seven (7) years’ experience working in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations, with at least three (3) years in a supervisory capacity.

Technical Competencies
1. Good understanding of developments in virtual assets, digital finance and financial innovation.
2. Good understanding of the VASP laws.
3. Good understanding of the National Payment System laws.
4. Good understanding of AML/CFT/CPF.
5. Good understanding of risk management for financial institutions.
6. Emerging technologies knowledge.

Behavioral/ General Competencies
1. Leadership and people management including performance management, coaching & mentoring.
2. High level interpersonal and cross-cultural skills, including ability to build consensus, alliances and collaborative relationships with sensitivity to diversity.
3. Critical & analytical thinking and problem-solving skills- ability to understand issues from multiple perspectives/layers and take account of the wider business context when crafting solutions.
4. Project management skills.
5. Organisational and administrative skills.
6. Ability to be forward thinking and use technology and other modern tools to drive decision making and implementation.
7. Ability to consider emerging trends, developments and long-term opportunities and align organisational requirements with desired outcomes.
8. Strategic thinking and decision making.
9. Independence of thought and objectivity.
10. Professionalism, integrity and honesty in line with CBK values.
11. Oral and written communication skills- ability to communicate clearly, simply and in a structured manner; and to use communication tools appropriately and effectively.
12. Ability to withstand strategic and operational challenges and maintain momentum.
13. Emotional intelligence.
14. Customer orientation.
15. Risk management- ability to identify departmental risks and develop mitigating measures.
16. Governance- knowledge and ability to ensure good governance practices.
17. Ability to manage multiple stakeholders and drive change.

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