The role holder provides effective leadership in conducting prudential and market conduct supervision to ensure a safe, sound and secure national payment system. The role holder will assist to develop policy geared towards the overall achievement of CBK’s strategic objectives.

Strategic Responsibilities
1. Advise on and formulates payment policy revisions and innovations in line with the strategy of the bank and national and regional priorities.
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. Ensure payment systems infrastructure meets international standards through assessment of Payment Systems against international Standards (guided by principles of financial markets infrastructure (PFMIs) and the Oversight Policy Framework ).
2. Ensure compliance of KEPSS Operations with the KEPSS Rules and Procedures, NPS Laws, Regulations, Circulars.
3. Ensure compliance with CBK Act, NPS Act, NPS Regulations and AML/CFT requirements by Payment Service Providers.
4. Designation and revocation of payment instrument/systems as provided in the law.
5. Coordinate offsite and onsite oversight of large value and retail payment systems and regional participation.
6. Coordinate responses to audit and risk management queries and implement recommendations.
7. Oversee the development of a risk management framework for payment systems/instruments
8. Review oversight reports prepared for management including the annual oversight reports, Financial Stability Investment Committee (FSIC) report, Financial Stability (FS) report, incident and other ad-hoc reports.
9. Review developed data requirements and relevant returns for approval to facilitate oversight of Payment Service Providers (PSPs).

Other Responsibilities
1. Review operation manual to include new policies and procedures.
2. Participating in various stakeholders’ forums and interdepartmental meetings.
3. Mentor, coach the team to achieve planned section activities.
4. Work with the legal team to pursue enforcement actions.
5. Any other duties that may be assigned from time to time.

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.

Not less than ten (10) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations, with three (5) years in supervisory capacity.

Technical Competencies
1. Knowledge and experience on issues related to payment systems and instruments such as:
i. Retail payment innovation
ii. Retail payment systems i.e. cards, mobile, ACH
iii. Large value payment systems
2. Good understanding of internationally accepted best practices for effective oversight.
3. Clear understanding of NPS Policy Framework.
4. Knowledge on payment systems policy formulation and analysis.
5. Knowledge in Retail payments instruments (card, cheque, EFT, mobile payment processes, internet banking).
6. Knowledge of Financial Markets Infrastructure and Payment Systems Regulatory Framework, rules and procedures.
7. Knowledge on Cross Border Payments.
8. On-site/ Off-site Surveillance.
9. Security and cyber risks.
10. Clear understanding of Risk Assessment frameworks.
11. System performance monitoring.
12. Data analysis, Financial analysis and interpretation.
13. AML, KYC and other laws.

Behavioural / 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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