Business Analyst 2, Surveillance Non-banks (Business Analyst 2) at Central Bank of Kenya

Job Purpose

The role holder will conduct surveillance with a view to promoting the safety, soundness, access and integrity of the financial system.

Key Duties and Responsibilities

Strategic Responsibilities


Contributes as appropriate to the performance of other functions and to the overall achievement of the Bank's strategic objectives.


Technical and Operational Responsibilities


Conduct risk-based surveillance framework of non-bank institutions and continuously monitor its effectiveness by developing the Non-Bank Institutions' risk profiles.
Contribute to the preparation of draft portfolio budget estimates.
Carry out surveillance of Non-Banks and ensure compliance with legal, regulatory, and prudential requirements.
Review and engage non-bank institutions on audited financial statements and unaudited quarterly financial statements and related disclosures.
Prepare and continuously monitor supervisory programs.
Process, analyse and make appropriate recommendations on applications for new branches, mergers and acquisitions, new products, change in tariffs and vetting of senior managers, directors and significant shareholders of Non-Banks and approve new premises and customer complaints and other corporate applications.
Contribute and participate in the development of policy and legal and regulatory frameworks.
Prepare quarterly reports, Institutional Profiles (IP) and conduct on-going risk assessments from on-site and off-site supervision for appropriate action.
Prepare and analyse periodic reports received from Non-Banks to monitor performance and financial conditions and prepare relevant analysis required.
Participate in periodic regulatory meetings on regulatory concerns and emerging developments with Senior Management of Non-Bank institutions.
Identify problematic non-banks and highlight risks and challenges to the Deputy Manager as required.
Ensure that customer (Non-Banks) complaints are handled effectively and in a timely manner.
Process new licence applications for Non-Banks (Forex Bureaus and MRPs).
Perform any other duties as assigned by the supervisor.


Qualifications


Bachelor's Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.
Professional qualification(s) in Accounting, Finance, Banking, ICT or related discipline is an added advantage.


Work Experience


At least two (2) years post qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, Commercial Banking Operations and any other relevant area.