The Position:
The position of Director FFMA which reports to the Vice President FNVP, is key to ensuring the overall effectiveness of the financial management of the Bank Group, in particular through the Bank’s Income Model, Asset and Liability Management (ALM) policies and the monitoring and reporting thereof.
Duties and Responsibilities
The Director shall lead a team of high calibre professionals responsible for the formulation of financials, financial risk and ALM policies of the Bank Group and for monitoring the proper functioning and application of such policies and related practices and business processes.
Under the general supervision of the Vice President, the duties and responsibilities include the following:
Formulate and review all policies pertaining to the management of the assets and liabilities and related credit, liquidity, market and operational risks of the Bank Group.
Provide regular and timely feedback and advice to Senior Management and the Boards of Directors regarding the functioning of these policies;
Participate in the formulation and recommendation of appropriate instruments and strategies, and related guidelines for approval by the Board;
Liaise with counterparts at other institutions, particularly MDB’s, to exchange ideas on financial policies, asset management approaches and risk management methodologies, or to explain policies to the financial community as well as the rating agencies;
Analyze the impact of policy changes on the financial position of the Bank. Supervise the implementation of asset and liability management activities to optimize asset allocation, ensure proper application of guidelines, reduce costs of borrowing, and control risk;
Coordinate all interactions with relevant international rating agencies;
Advise and participate in the shareholder capital increases of the Bank and member replenishments of the Fund;
Develop work programs of the Department and related budgets;
Supervise the work of the Division Managers and evaluate their performance;
Provide strategic leadership and vision on the risk management culture of the Bank Group;
Develop capacity building programs for investment officers and African Central Banks.
Qualifications for the Financial Management Director
Including desirable skills, knowledge and experience
Hold at least a Master’s degree in Finance, Business Administration, Economics or related fields.
Have a minimum of ten (10) years of relevant professional experience with heavy emphasis in the areas of ALM and Financial Risk Management, including 5 years at a managerial level.
Should be able to use financial knowledge to ensure optimal utilization of financial resources;
Strong communication skills in English or French; ability to communicate in both languages a plus;
Proven excellence in presenting and effectively communicating complex financial and risk management concepts or models to a non-technical audience;
Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point, knowledge of SAP highly desirable.
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Job Field: Sector in Banking , Finance / Accounting / Audit
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Financial Management Director Director, Language Services Department-CLSD Director, General Services and Procurement-CGSP
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Senior Analyst – REF:SA/10/2016
The Job holder will be responsible for providing administrative, analytical and other support to the CEO’s Office (I&M Burbidge Capital) in various aspects of the day to day matters of I&M Burbidge Capital. The position will also assist the CEO’s office (I&M Burbidge Capital) in following up action points arising out of deliberations at board level, strategy meetings, BSM, EXCO meetings and any meeting/ departmental matters. This role will provide support in implementation of standardization / uniformity within the Group.
Key responsibilities:
The Incumbent will report to the Chief Executive Officer and will be responsible for:
Creating a balanced model from scratch and analyzing and forecasting financials
Preparing I&M Burbidge Capital reports
Preparing proposals for new businesses
Liaising with key stakeholders for each transaction
Handling strategic reviews with minimal supervision
Training juniors on all the elements of the transaction cycle
Attending meetings with potential new clients , partners and investors
Attending networking events
Prospecting for new business opportunities
Providing meaningful input to I&M Burbidge Capital strategy
Working closely with senior management team at I&M Bank Ltd
Qualifications and Competencies:
Bachelor’s degree in Finance, Banking or its equivalent from a recognized institution.
ACCA / CFA or its equivalent
Member of Association of Kenya Institute of Bankers (AKIB) or its equivalent professional body.
At least 3 years relevant experience.
Strategic thinker
Experience in financial services industry
Excellent report writing and presentation skills
Have a full understanding of the various valuation methodologies (in particular comparables & DCF) and be able to complete a valuation with minimal input from Associate.
Attentive to detail
Excellent planning ,organizing and time management skills
Strong interpersonal skills
Excellent numeric and analytical skills
Excellent managerial and leadership skills
Demonstrate high integrity and honesty
Effective communicator-both verbally and in writing
Pro-active and innovative keeping abreast of developments within the region. -
Collections Associate
What We Offer: You will be part of a talented, passionate team that is determined to make a positive impact on the lives of the mobile generation throughout the developing world.
You will join a team with unmatched experience in financial technology and emerging markets. Since our launch in April 2015, we’ve disbursed hundreds of thousands of loans.
Our success has led to investments from Silicon Valley’s leading VCs.
Responsibilities
Reporting to the Servicing & Collections Manager, you are part of a team that interacts with current borrowers, ensuring they understand their loan terms, are paying on time, and are receiving excellent customer service.
Communication with borrowers is primarily done through in-app chat, SMS, e-mails and phone calls.
Day-to-day duties include:
Proactively reaching out to borrowers who have missed a payment
Explaining loan terms to borrowers and ensuring they understand payment schedules and fees
Contacting a target list of delinquent borrowers every day
Identifying trends in loan delinquency and default and giving feedback to the servicing & collections manager
Able to look for alternative points of contact of delinquent customers that cannot be reached on primary contact provided
Communicating over the phone with late borrowers in a polite but firm manner
Taking brief notes of each call conversation
Managing your contact list and making sure to call back any unresponsive borrowers
Following up on each borrower with regards to repayment promises
Meeting daily, weekly and monthly loan repayment targets
Following clear guidelines on customer/borrower handling
Assisting to analyze the effectiveness of calling and messaging campaigns
Qualifications & Skills
Business/Commerce/Finance Degree/Diploma or other higher education qualification
At Least 1-year Previous Loan Servicing/ debt collection experience is desired
Experience in debt collection for a digital and/or mobile centric product is an added advantage
Analytical skills, especially good Excel skills
Highly entrepreneurial, comfortable with start-ups, ambiguity and taking initiative
Excellent collaborator and team player -
Head of Finance
Reporting to the Director General the Head of Finance will be responsible for the accounting and financial services functions of the Bank, and will provide professional guidance and leadership to the finance team.
The Head of Finance will be responsible for the transaction processing, control, and analyses; timely reporting to management, clients and other stakeholders; and compliance monitoring activities.
The scope of the Finance Department’s responsibility extends to all special funds, bilateral funds and special operations.
It further provides decision support, including pro-actively developing, planning and implementing operational and financial strategies and related information systems.
Qualifications
The ideal candidate will have a minimum of eight (8) years’ experience heading a finance function in a major and leading banking institution as well as a proven track record of financial success in Treasury and experience in the East Africa region.
Demonstrated ability and recent hands-on experience at a relevant level in successfully structuring local and international debt and equity capital markets issues, financial derivatives, securitizations, capital, balance sheet and multi-currency operations is required.
A Bachelor’s degree in Economics, Mathematics, Business Administration, Commerce or other relevant quantitative discipline degree from a recognized University; and a Master’s degree in accounting or finance, together with a formal accounting qualification are required. -
Chief Executive Officer
Reference number ASL/09/16/ C.E.O-01/16
The chief executive officer shall be appointed by the board and shall be responsible for the day to day operations of the Sacco society and in particular ensure; Job Profile
Strategically directs all operations of the Sacco in line with approved strategic plan.
To ensure the Co-operative Societies Act, SASRA and Society By-Laws are observed.
Advise Board of Directors and other committees in making policies and programs of the Society.
Ensure books of accounts, records and returns are kept and that regular financial statistical operational information is prepared and submitted to the Board of Directors, other Committees, relevant Regulatory and Government Departments.
Provide leadership, teamwork and coordinates all Society’s activities.
Approve all payments to members and manage all administrative activities of the Society.
Ensure that systems have been established to facilitate efficient operations and communications.
Co-ordinates the development of new products for the Society.
Ensure staff matters, particularly human resource development and training are attended to.
Adherence to the established code of conduct.
Person Profile
A university degree in commerce / finance related field, preferably B.Com, BBA, BBM, from a recognized university.
Possession of a Masters Degree in these disciplines will be an added advantage.
Be a CPA (K) or ACCA Qualified.
Must be a member of the Institute of Certified Public Accountants (ICPAK).
Have at least five (5) years practical experience in a busy deposit taking Sacco or any other financial institution, 2 years of these being in a senior management Position.
Proficiency in Computer applications especially in accounting packages and Systems.
Superior Knowledge of the regulatory framework of the Co-operative Sector.
Age 30-49 years.
Strategic management, leadership, good analytical and reporting skills.
High integrity and honesty.
Should have: clearance certificate from the Kenya Anti-corruption Commission, Tax Compliance Certificate from KRA, Certificate of Good Conduct, Clearance Certificates from HELB and CRB -
Credit Controller
Main Purpose of the Job: The person appointed will be responsible for following payment commitments, identifying nonpaying customers and calling when payment is late, keeping the Department Manager updated on arising problems
Main Responsibilities
Updating records of debtors
Tracking down debtors
Contacting debtors via telephone/email/personal visits
Negotiating payment plans
Responsible for the debtors book
Preparing accounts for legal handovers
Liaising with sales team on any queries
Managing arrears accounts and account reconciliations
Following up on unpaid debit orders
Build relationship between clients/colleagues/departments/business partners/dealers
Maintain active accounts up to suspension
Preparing debtor statements and ensuring that invoices are sent to clients
Job Skills & Personal Competencies
Excellent understanding of Accounting, Finance, Auditing and Business issues in general
Excellent professional work standard
Ability to work under pressure, multi task and prioritize
Excellent communication skills internal and external
Problem solving skills
Academic Qualifications & Experience
CPA (K) , a degree in finance is an added advantage
At least 2 years’ experience in debt collection/credit control
Computer Literate -
Senior Manager -Risk and Controls, CIB & CB Operations
Key Roles and Responsibilities
To ensure the CIB & CB Operations teams in the Country operate in full compliance with all Country and Group policies as well as local regulatory requirements, through
Ensuring business strategies, standards and roadmap abide by T&O operating principles, policies and procedures of Country and Group Risk Management Framework (“RMF”)
Ensuring that the execution of T&O functions are fully compliant with statutory regulations, laws, guidelines and industry practises as a Corporate body (met and satisfied) for Operations, Technology, Vendor Management, Data Management (including Security and Protection)
Support CIO in the overall effective and proactive management of all T&O risks and controls
Strategy
Overall responsible for the preparation, communication, implementation, delivery and expansion of T&O OR plans, working in close cooperation with country (CIO, Legal & Compliance, local/regional Management Groups/ Committees) and global (GSSC, Group T&O Governance & Controls, and Group Operational Risk).
Support the CIO as the Risk Control Owner (“RCO”) of Technology, Vendor Management, and Data Protection and Data Security in accordance with the Risk Management Framework
In collaboration with L&C, identify, communicate and expedite changes to comply with new and amended regulation across T&O
Process – Technology and Operations Service Delivery Through the CIO and key stakeholders, ensure T&O platforms, services and processes are in line with Global and local OR and Data standards and requirements to support the business
Handle requirements from country/regional stakeholders and provide constructive feedback and into GTO Governance & Controls teams, and relevant parties
Ensure that material risk exposures for the country thresholds are reported to CORC, and risk exposures rated Medium and above based on Group materiality to Regional or Group GTO within an appropriate timeframe
Risk Governance and Management Support and implement the global standards of risk and control; escalating risks rated medium and above based on Group materiality thresholds to the relevant risks committees
Ensure there is effective governance and risk management mechanism in place to manage and mitigate risks in SSC Nairobi.
Create and maintain staff awareness of operational risk management through training (e.g. mandatory e-Learning) or accreditation.
Maintain effective systems and controls to ensure proper supervision of GTO operations in conjunction with CIOs, Technology and Operations Heads
Proactive in seeing regular assurance that areas of responsibility are performing to an acceptable risk and control standard – maintain a level of independence from day to day processing
Approve on behalf of the CIO, RCO related requests coming through risk management systems (Phoenix/ Knox) or emails on behalf of the CIO.
Balance business performance delivery and cost management with risk and control matters to ensure that it does not materially threaten the Group remaining within risk appetite
Ensure adherence to regulations, and coordinate country regulatory reviews. Ensure all findings are closed and communicated to the Regulator in full consultation, discussion and agreement with Country Compliance, and all open issues communicated to GTO Group. The country should adhere to GTO best practice standards in regulatory planning and execution.
Risk identification and Assessment Validate and challenge the first line risk identification and assessment of gross and residual risks arising from its end to end processes and identify any gaps.
Assess the control environment including, but not limited to, control design, control execution, control testing and control history.
Recommend changes to the control environment or to business practice where necessary to reduce the level of operational risk exposure to within the agreed appetite.
Assist in the design of effective process controls where there are material risks of process control failure
Validate Business / Functions Controls – Regularly assess implementation of Business/functions Key Control Standards (“KCS”) to ensure cost effectiveness, efficiency and relevance.
Identify Local Control Gaps – Regularly assess all key controls to monitor exceptions and identify gaps.
Optimise portfolio of local controls – Regularly assess existing Local Key Control Standards, key risk indicators (“KRIs”) and key control indicators (“KCIs”) to ensure cost effectiveness, efficiency and relevance.
Provide balanced, independent and informed assessment of operational risks arising from acquisitions and major change initiatives or country projects.
Risk Monitoring Ascertain and confirm that country/Group T&O risk registers, KRIs, KCIs, and control sample testing are effectively implemented
Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans.
Systematically monitor process control effectiveness where there are material risks of process control failure.
Review and approve first line risk treatment plans, in phoenix.
Monitor treatment plans to ensure they are implemented accordingly.
Work with local business representatives to receive control and risk metrics in order to monitor KRIs and KCIs.
Identify and escalate any thematic risks in T&O beyond the reporting unit/function
Review and update annual key control testing plans
Risk & Loss Reporting Approve the classification and accurate reporting of operational risk losses, in phoenix.
Report and escalate significant operational risk events (SORE).
Deliver Root Cause Analysis (RCA) reports for relevant events.
Provide risk information/updates to Country Operational Risk Committee (CORC) as appropriate.
Ensure use of all Group risk and regulatory systems
Strategy & Planning Inform the development of business plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations.
Corporate Governance and Compliance Provide timely and relevant information to the CIO and Country GTO Management Group on significant and material OR issues, business developments with OR-related impacts, etc
Ensure T&O function in adherence according to the highest standards of regulatory and compliance practises, in full compliance with all regulations and controls as set by the Bank and external authorities; which includes compliance with local banking laws and anti-money laundering regulations and guidelines
Embed the OR policies and procedures as well as Group RMF in GTO country to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture
Support the CIO in the execution of a Country Data Management Committee to ensure data quality governance
Support the CIO through sharing of best practises from across OR network and review across country T&O
People and Talent Develop and embed a high performance culture and organisational mindset to effectively embed and communicate T&O policies and procedures in-country/region
Develop ongoing training, communications and development programs for Technology and Operations personnel to ensure minimum standards in OR awareness and embedment of OR responsibilities in respective areas of work and adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture
Ensure that the relevant staff understand and accept their responsibilities in relation to risks, governance and controls
Qualifications and Skills
Good level of understanding of operations and technology
Results driven with strategic qualities
Visionary leader able to engage and motivate performance in others
High degree of independence, responsibility and integrity
Strong project management skills with demonstrable track record in a dynamic environment
Knowledge of quality tools, procurement, and logistics planning
Tertiary education
Relevant managerial experience
Excellent communication capability – good command of written English
Ability to work within a multi-function, multi-discipline team environment with strong influencing and stakeholder management skills
Change agent
Compliance and/or Operational Risk background preferred but not a must -
Financial Accountant, Stanbic Subsidiaries Head, Agile Portfolio Office & Innovation Asset and Liability Management (ALM) Officer
Job descriptionFinance: Budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Job Purpose
Accounting functions for Stanbic subsidiaries e.g. reporting, reconciliation of control accounts and accounts relating to the maintenance of a complete and accurate general ledger. Prepares managerial reports.
Key Responsibilities/AccountabilitiesReconciliation of trial balance accounts
Ensuring Integrity of the general ledger and financial hygiene
Bank reconciliations
Reconciliation of accounts payable
Preparing various management reports and returns as per regulatory guidelines and submission as per deadlines
Ensuring reports to the regulators are submitted within the stipulated timelines
Preparing and circulating management reports
Ensuring that financial reports to management are accurate and timely to aid in decision making
Managing client debtors
Ensuring the financial exposure as a result of client debtors are maintained at minimal levels
Preparing the balance sheet substation pack
Ensuring timely reporting and resolution of General Ledger variances and issues identified
Reviewing controls around finance processes to ensure adequate controls are in place
Ensuring proper mitigation of risks of errors, omissions or fraud
Assisting in preparation of the annual budgets
Effective cost monitoring throughout the year
Facilitating internal and external audit
Successful audit process
Financial Reporting
Monthly financial reports for use by management
Assist with preparation of annual financial reportsPreferred Qualification And Experience
Bachelor of Business Degree in Finance and or Accounting
CPA(K)
Financial/Statutory Accounting Experience RequiredKnowledge/Technical Skills/Expertise
Management Accounting
Financial and Accounting Control
Reconciling Financial Records
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