Jobs Kenya

Job Field: Sector in Banking  , Finance / Accounting / Audit

  • Relationship Manager – Transaction Banking and Cash Management

    Relationship Manager – Transaction Banking and Cash Management

    JOB PURPOSE
    The Job holder will be responsible for managing Sales & Business Development of Digital, Transaction Banking & Cash Management products and channels, which involves growing uptake and utilization from the bank’s target markets. The job includes continuous enhancement of the breadth and depth of product lines for the division to achieve and sustain competitive positioning in the target markets. Effective account relationship management resulting in optimization of customer satisfaction, retention and wallet share through selling multiple solutions from appropriate range of the bank’s product is critical.
    KEY RESPONSIBILITIES

    Strategic input and planning
    Sales and Business Development
    Marketing
    Customer Experience
    Risk & Compliance

    MAIN ACTIVITIES
    Strategic input and planning:

    Contributes to the completion of the Transaction Banking & Cash Management strategy by preparing and implementing an individual business plan that encompasses strategies for performance on branch and SBU growth objectives.
    Prepares a personal action plan that contributes to the overall budget.

    Sales & Business Development:

    Full responsibility for all digital product lines and all sales and business development: Credit card sales; Corporate Internet Banking sales; Mobile Banking; Mobile Lending; Retail Internet banking; Lipa Na MPesa products – Tills/Paybills/Express; Salary advance for employed staff and Debit Cards.
    Develop business opportunities and monitor digital channels activities in line with the Bank’s long-term strategic and annual business plans and ensure that the branch and SBU remains competitive and promptly reacts to changing market conditions and customer needs.
    Enhance relationship marketing and management – to establish, maintain, and enhance relationships with customers and other partners, at a profit, so that the both the customer and bank objectives are met achieved by a mutual exchange and fulfillment of the brand promise.
    Actively market and develop the digital banking products to existing and prospective clients to grow the wallet share.
    Continuously conduct market research and competitor analysis to identify new business opportunities.
    Manage relationships of key accounts while tapping on their share wallet through cross selling and upselling.
    Activation of clients on-boarded on different digital channels i.e. mobile, debit card, credit card, LNM, Internet Banking to drive utilization, transaction volumes and income.
    Responsible for Credit card business growth in the branch through customers acquisition and usage.
    Responsible for portfolio growth through a series of aggressive client acquisition, sales and relationship management to increase the uptake of cash management products.
    New merchant acquisitions, developing merchant relationships and attending to merchant enquiries, setting up of new merchants under Lipa na Mpesa and Sidian Xpress.
    Driving the growth of revenue from cash management solutions and any new products that maybe introduced by the bank.
    Responsible for driving growth in salary advance / mobile lending loan book within the branch by ensuring eligible customers/agents are onboarded to the service and transactional.
    Responsible for driving growth in Bulk Internet banking processors within the branch by ensuring eligible customers are, onboarded and transactional.

    Marketing

    Enhance creation by creating, communicating, delivering, and offering solutions that have value for customers, shareholders and partners.
    Build the Sidian Bank Brand to ensure that the bank is top of mind as an enterprise bank.
    Understand and provide clear direction to the branch based on market analysis of local area consumer trends and competitor offerings.
    Support product specialists and the sales teams in marketing of initiatives and other products to local businesses.

    Customer experience

    Key driver for not only customer satisfaction, but building a base of promoters by enhancing positive customer experience and advocacy to drive competitive advantage, leading to faster organic growth and lower cost.
    Link sales and service and embed customer service culture as the bedrock to grow the balance sheet.
    Seamless customer support on and an all rounded approach to ensure their challenges are timely handled and complaints promptly escalated for closure.

    Risk & Compliance

    Ensure that all customers onboarded to the bank meet the minimum criteria and are screened adequately considering the Banks AML/CFT/CPF guidelines and escalation of any suspicious accounts.
    Continuously monitor customer transactions in the context of the profile of the customer and properly document the background and purpose of all complex, unusual, large transactions, and all unusual patterns of transactions, which have no apparent economic or visible lawful purpose.
    Ensure that customer accounts are suitable for purpose e.g. avoid opening children’s accounts for normal day to day transactions as opposed to opening a current account.
    Prior to Customer on boarding, ensure that a potential client has been screened, account opening form is duly completed and all required documentation as per the account opening policy obtained.
    Ensure that verification is done as to the identity of the customer, documentation used to open account, and conducted transactions during the customer journey.
    Ensure that all transaction forms are filled to completion and properly reviewed. Where information provided is not reasonable, a suspicious transaction report should be raised immediately as per process indicating the basis of suspicion
    Responsible for immediately alerting the MLRO on suspicious transactions or activities noted in customers’ accounts. Any inconsistent activities or transactions, any suspicious accounts, any attempted accounts or transactions, must be investigated and reported to the compliance function immediately, placing a clear basis of suspicion.
    Identify any high risk accounts such as Politically Exposed Persons (PEP) at point of account opening and at execution of transaction continuously, given the dynamic nature of such high risk accounts . Forward the details of such high-risk customer(s) and any
    PEP/PEP Related persons noted to senior management for approval. Ensure that such accounts have all the requisite documents such as updated annual EDDs, are marked as high risk in the system and the reason for high risk rating properly indicated.
    Identify customers in portfolio that require an update of profiles in a timely manner and ensure that the changes are maintained in the system and are up-to-date.
    Ensure that UBO information is obtained and captured in AODs and core banking at point of account onboarding and throughout the customer journey.
    Ensure accurate and complete data has been captured in the system and that customers are properly risk rated or categorized as per bank policy on customer categorization as high, medium or low, and ensure that timely KYC update is done for the various risk categories of clients as per regulatory requirements
    Ensure that the transactions contain the full details and the relevant supporting documentation and authorizations are in place where required. Where information provided is not reasonable, a suspicious transaction report should be raised immediately as per process indicating the basis of suspicion
    Attend training and maintain knowledge of and comply with all bank policies and procedures including Anti Money
    Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules and regulations.
    Participate or undertake Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing bank programs on a regular basis e.g. taking attestations, self-assessment tests, filling in compliance questionnaires as required
    Comply and not to knowingly participate or assist in any violation of Anti Money Laundering/Countering Financing of
    Terrorism/Countering Proliferation Financing laws, rules, regulations or internal policies, procedure and guidelines.
    Report suspected money laundering cases to their respective heads of units or to the Money Laundering Reporting Officer as soon as such incidents occur immediately with a clear basis of suspicion
    Avoid Misrepresentation and Malicious Reporting – knowingly making a false, fictitious or fraudulent representation e.g. statement, report, document.
    Avoid Tipping Off customers being investigated so as not to knowingly prejudice an investigation by disclosing information.
    Not provide advice or other assistance to individuals who attempt to violate or avoid Anti Money Laundering/Countering Financing of
    Terrorism/Countering Proliferation Financing laws, rules, regulations or corporate policies.
    Respond to all AML/CFT/CPF queries when requested by Compliance Unit to allow the bank to comply with the requirements of The Anti-Money Laundering and Combating Financing of Terrorism Amendment Act
    Co – operate fully with regulators and law enforcement agents and make available required documents and information.

    DECISION MAKING AUTHORITY

    Appropriateness of the business structure;
    Pricing structures and negotiation parameters;
    Range of products to support business.

    ACADEMIC BACKGROUND

    University Degree in Bachelor of commerce (Finance or Accounting) or other relevant Business Degree
    Master’s degree will be an added advantage

    WORK EXPERIENCE

    At least five (5) years’ experience in banking.
    A minimum of three (3) years skills experience in Electronic Channels / Cash Management / Digital Banking / Transactional Banking.
    Experience in banking regional delivery, with extensive knowledge in Internet Banking.
    Experience and knowledge in Money remittance field.

    SKILLS & COMPETENCIES

    Sound knowledge of Retail Banking/SME products, services and processes together with exposure in retail banking branch operations or customer service delivery.
    Profound understanding of retail market, key competitors and offerings as well as our competitive edges to win quality customers.
    Thorough understanding of CBK regulatory framework and pertinent regulations impacting corporate customers.
    Strong leadership, marketing, sales and management skills.
    Highly effective communicator with excellent interpersonal and motivational skills.
    Solid performance management and motivational skills.
    Excellent relationship building and stakeholder management skills.
    Strong managerial, planning, analytical, decision-making, lateral thinking and project management skills

    PROFESSIONAL CERTIFICATION
    Desirable to have:

    CPA (K), ACCA or equivalent professional qualification
    Diploma in Banking – AKIB
    Project Management

    Apply via :

    sidianbank.co.ke

  • Officer, Loans Processing

    Officer, Loans Processing

    JOB PURPOSE
    The job holder is responsible for loan processing, verification, documentations and maintenance of approved loan facilities in the core banking system in line with the bank policies and procedures in a prompt, efficient and effective manner. Maintenance of AA Lending arrangement architecture in T24 core banking system.
    KEY RESPONSIBILITIES

    AA Loans processing as per SLA & TAT
    AA Suspense Reconciliation
    Record Management
    Risk & Compliance

    MAIN ACTIVITIES
    Loans Processing as per SLA & TAT

    Prompt and efficient processing of all loan products disbursement facilities in T24 core banking system.
    Review of AA products property classes and property conditions.
    Prior Knowledge of AA Module Architecture i.e property classes, product set-up, AA activities and Integrity report.
    Processing of RTGS instruction as per the credit checklist and credit approval on loan disbursed amount MT0103
    AA Loan termination, liquidation and pay offs of loan related facilities in core banking in respect to customers instructions and credit approval.
    Monitoring the AA suspense accounts on a daily basis.
    Daily reconciliation of AA suspense and loan Liquidation accounts transactions movements
    If there are anomalies in AA suspense accounts movement, trace the affected branch account /HO and regularize/ask the relevant department to review and normalize the account.
    In-depth AA property classes, properties and product conditions knowledge on AA.
    AA daily accruals and their basis of accrual.
    Prepare a daily report as the first reviewer, and save it in the public Folder for the second reviewer to verify the reconciliation report for accuracy.
    Reconciliation of Disputed AA loan schedules and AA loan deductions in core banking system to ascertain true position as per documentation verses T24 system.
    Review and Analysis of AA. integrity Assure report and resolution of its problem and symptoms.
    Ensure marking of Limits/Overdraft and maintenance in core banking systems as per credit approvals and customers request.
    Posting of refunds/recoups in t24 core banking system as per customers instructions and credit approval and collecting commissions as per the bank policy.
    Posting reversal on mis post as per branch request or customer request instructions.
    Processing of loan write offs and write back in core banking system as per board and credit approvals against loan provisions in GL.
    Posting of collateral refund as per credit approvals and customers’ requests.
    Loan amendments on repayment dates, interest rate and modification of terms as per credit approvals.
    Manual loan recovery as per the request both from branch and credit requests to reduce PAR.
    Restructuring of Non-performing loans in t24 core banking systems as per credit approvals/board approval.
    Timely processing of Contractual Savings Standing Orders as required during loan booking to increase cash collateral Lien amount intended as security for the loan.
    Ensure full capacity utilization of application right processes/procedure, ensuring accuracy and compliance/and verification of supporting documentation for loan related application to Prevent income leakage by ensuring recovery of all commissions on loans facilities, overdraft, Trade loans, and recoups/refunds.
    Handle customer complaints and take appropriate action to resolve them. Assist to answer all loan services and customer phone calls.
    Resolve all issues and maintain knowledge on all loan servicing procedures. Manage all communication with internal departments to facilitate all loan processes credit department.
    Compliance to the bank’s policies and procedures.
    Prompt and efficient response to branch queries raised through email within 24 hours to meet customers timelines and customers’ needs as per the bank policy.
    Keenly reviewing, verification and approvals of documents in credit quest before any disbursement is done for proper/correct processes to avoid error/loss of bank funds.
    Accurate filing of all loan related facilities, recoups/refunds, Loan disbursements, overdrafts, cash collateral, amendments and other client instructions as effected in the unit for future reference and ease retrieval when need arises.
    Processing of Fixed deposits on call and Term deposits using MM module.

    Reconciliation

    Reconciliation of Disputed loan schedules and loan deductions in core banking system to ascertain true position as per documentation verses T24 system.
    Ensure proper reconciliations of interest collected upfront and commissions collected on all related loan facilities.

    Record Management

    Provision of loan processed reports for ease of tick back both physical and system entries.
    Daily loan tick back of all processed loan application form with the system entries/transactions for submission to registry for archiving.

    Risk & Compliance

    Comply with the banks Anti Money Laundering (AML ) & Combating the Financing of Terrorism (CFT) policy as defined by CBK prudential guideline.
    This role is regarded as the first line of defense, it has a primary responsibility for identifying, measuring, monitoring and controlling risks within their area of accountability. They are required to establish effective governance, risk and control framework for their business unit to ensure they are compliant with Sidian Bank’s risk policy requirements, to maintain appropriate risk management skills, methodology, frameworks and solutions. In addition, ensure they are operating within the risk appetite boundaries set and approved by the board.
    Ensure that the bank does not transact business with persons whose names match those on the sanctions lists in the Finance day to day business.
    Ensure that confidentiality and integrity of the Bank’s information is maintained at all times in line with cyber security and information security guidelines.
    Ensuring adherence to the policies as defined in the IT security policy considering the disciplinary process that follows any violation.
    Ensure responsibility for using personal data by following the data protection principles under the data protection act and make sure the information is used fairly, lawfully and transparently and used for specified, explicit purposes.
    Ensure compliance with all banks policies, procedures and all statutory requirements.
    Attend training and maintain knowledge of and comply with all bank policies and procedures including Anti Money
    Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules and regulations.
    Participate or undertake Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing bank programs on a regular basis e.g. taking attestations, self-assessment tests, filling in compliance questionnaires as required
    Comply and not to knowingly participate or assist in any violation of Anti Money Laundering/Countering Financing of
    Terrorism/Countering Proliferation Financing laws, rules, regulations or internal policies, procedure and guidelines.
    Report suspected money laundering cases to their respective heads of units or to the Money Laundering Reporting Officer as soon as such incidents occur immediately with a clear basis of suspicion
    Avoid Misrepresentation and Malicious Reporting – knowingly making a false, fictitious or fraudulent representation e.g. statement, report, document.
    Avoid Tipping Off customers being investigated so as not to knowingly prejudice an investigation by disclosing information.
    Not provide advice or other assistance to individuals who attempt to violate or avoid Anti Money Laundering/Countering Financing of
    Terrorism/Countering Proliferation Financing laws, rules, regulations or corporate policies.
    Respond to all AML/CFT/CPF queries when requested by Compliance Unit to allow the bank to comply with the requirements of The
    Anti-Money Laundering and Combating Financing of Terrorism Amendment Act
    Co – operate fully with regulators and law enforcement agents and make available required documents and information.

    ACADEMIC BACKGROUND

    A first Degree in a relevant discipline i.e. accounting, financial management, economics, numerical or other scientific related disciplines.
    Advanced degree is an added advantage.

    WORK EXPERIENCE

    At least three (3) years banking experience.
    Experience in: AA loan related knowledge, Credit disbursement and AA reconciliation related issues

    SKILLS & COMPETENCIES

    Professional Banking qualification (AKIB) is an added advantage.

    Apply via :

    sidianbank.co.ke

  • Branch Operations Manager Cash Officer Customer Service Officer Teller Back Office Officer Branch Manager

    Branch Operations Manager Cash Officer Customer Service Officer Teller Back Office Officer Branch Manager

    Purpose
    The job holder is responsible for the overall management of the Branch operations to achieve and maintain good customer relations, operational efficiency and compliance with operational guidelines and procedures.
    Primary Responsibilities

    Conduct daily, weekly and monthly review of operations reports to ensure exceptions are acted upon or escalated within acceptable time frames. 
    Approve new accounts in line with KYC procedures.
    Ensure correct and accurate completion of all customer instructions and approve them for processing at central operations.
    Manage operational risk and ensuring compliance with controls.
    Implement audit recommendations pertaining to all the departments under the Branch operation’s jurisdiction.
    Review and/or monitor transactions i.e. withdrawals, deposits, transfers and ensuring that any money laundering and fraudulent activities are identified.
    Proactively monitor accounts to avoid excesses and reviewing overdrawn savings accounts and non-borrowing current accounts, in addition to following up with customers as per the prescribed procedure guidelines.
    Review Inter Branch transactions report and ensure that the entries initiated by other Branches are bona fide and all outstanding items are reconciled and applied accordingly.
    Review suspense GL Accounts; Holdover and Transit GL accounts on a regular basis to ensure that entry items are reversed within acceptable time frames.
    Ensure availability of all service delivery channels to ensure customers are kept fully attended to and that expectations are met.
    Supervise front office and Back-office operations to ensure quick turnaround time on service delivery.
    Manage efficient, timely and accurate processing of customer enquiries and complaints.
    Cross-sell the Bank’s products and services.
    Ensure general maintenance of equipment and furniture at Branch level.

    Person Specifications

    Bachelor’s degree in a Business related field from a recognized institution.
    At least 5 years relevant experience.
    CPA (K), ACCA or its equivalent.
    Member of Associate of Kenya Institute of Bankers (AKIB) or its equivalent professional body.
    Excellent communication and interpersonal skills.
    Excellent problem solving and decision-making skills.
    Excellent change management and people management skills.

    go to method of application »

    Use the link(s) below to apply on company website.  

    Apply via :

  • Senior Manager Risk & Compliance

    Senior Manager Risk & Compliance

    Job Description:

    Developing and or updating the Annual risk and compliance program, Charters, policies and procedures. 
    Ensure risk based reviews are conducted as per risk and compliance annual program. 
    Reviewing of risk metrics and tools to ensure risk based monitoring and reporting in line with current risk trends. 
    Have oversight of all risk and compliance monitoring activities. 
    Prepare/Review the risk and compliance reports for Presentation to the Departmental and or Branch Management 
    Provide guidance & advice to relevant functions within the Bank towards strengthening regulatory compliance and mitigating Compliance risks. 
    Ensure participation in relevant committees, reviews, and preliminary investigations to consider & highlight Compliance issues/ risks and make recommendations for enhancing risk controls. 
    Procure tools & systems as required for management of risk. 
    Serve as the point of contact/liaison between the Bank, Regulators, and relevant external parties on compliance risk related matters/queries. 
    Cause to increase Risk knowledge of the organization through training and awareness programs. 
    Developing and documenting policies, procedures, and controls to identify, mitigate, and manage risks 
    Developing and implementing AML/CFT policy to safeguard financial systems 
    Review/Prepare Reports for Presentation to the Board Risk Committee  
    Performance management of the staff in the department 
    Coaching and mentorship of staff in the department. 
    Prepare Annual Budgets for the Department 
    Interviewing of staff to be recruited in the Department  
    All other roles as assigned 

    Knowledge; Skills and Experience required for this Role:  

    Bachelor’s degree in a business related field 
    Over 10 years’ experience in a relevant risk and compliance environment 

    Experience in a Financial Institution is an added advantage 

    Interpersonal skills 
    Analytical skills 
    Integrity 
    Confidentiality 
    People management skills 
    Keen on details 
    Organizing and planning skills 
    Excellent Communication and presentation skills 
    Ability to understand and interpret financial information and principles

    Interested candidates are requested to send their cover letter and CV to hr@rafiki.co.ke quoting the position applied for on the e-mail subject on or before 2nd August 2024 at 5:00pm. 

    Apply via :

    hr@rafiki.co.ke

  • Officer – Treasury Middle Office

    Officer – Treasury Middle Office

    JOB PURPOSE
    The job holder will be responsible for identifying treasury funding gaps and developing funding proposals, analysis of treasury activities, processing treasury transactions in the treasury management system, analyzing treasury risk and reporting. The role will also provide wider support to all of the Bank’s treasury middle-and-back office activities to ensure segregation of duties at all times. The role is responsible for providing an analysis, development and optimisation of balance sheet management strategies with a view to ensure that there is a robust risk and control management framework to cover market risk and treasury operational risks within the risk appetite set by ALCO. He/she will also be responsible for monitoring, reconciling and reporting on the P&L account.
    KEY RESPONSIBILITIES
    Independent Risk controller

    P & L Reconciliation
    Re-evaluation of data and Deal control
    Audit and Financial Control
    Treasury Reporting
    Risk & Compliance

    Records Management
    Independent Risk Controller

    Identify all material risk factors related to credit, operational, market and liquidity risk e.g. C/party exposures, procedures, inflation, interest rates, exchange rates, etc and to be able to quantify the effect thereof on the existing positions daily;
    Ensure that the overall Bank and treasury stays within regulatory limits set by the Regulator and internal limits through daily accurate reporting;
    Provide expert advise during roll out of new treasury products/ treasury technology.;
    Analyzing and modelling treasury risks i.e. interest rate risk, FX risk (transaction and translation), commodity risk etc;
    Review the current treasury policy and propose any changes that may add value to the policy and the wider treasury function of the Bank;
    Monitor compliance of all  treasury activities relative to policies and market best practices;
    Maintaining the treasury risk register and ensuring it is up to date at all times and effectively communicated and that actions are taken by relevant stakeholders;
    Championing the Bank’s bank account management process i.e. opening, maintenance and closing of bank accounts;
    Monitor and measure the compliance of portfolio risks within the trading book, AFS book or HTM book with an eye on limits and guidelines set internally and by the regulator daily.

    P&L Reconciliation

    Daily compute the contribution of each product, dealer and transaction to the P&L of the bank and report to stakeholders through a P&L tracker;
    Verify that reported daily positions are correct and that the treasury position reconciles with the general ledger;
    Reconcile the P/L report daily (Both FX & MM) and escalate off market trades, Canceled & Amended trades or any issues to Financial Risk and Treasury;
    Obtain daily P/L report estimates and P/L report sign offs from Treasury and keep track of the same;
    Management of Month-end FCY PL sweeps by notifying dealers of possible Position impact while ensuring no PL impact;
    Championing  the bank’s treasury deals confirmation (including confirmation matching) and settlement processes.

    Revaluation data & Deal Control

    hampioning the accounting valuation/revaluation processes of all treasury instruments i.e. mark-to-market valuations of all financial instruments;
    Report the outcomes of each measure of risk (Interest, liquidity or exchange) to immediate supervisor in accordance with set policies and procedures. E.g. NOP (net overnight open position), PVO1, MTM, NII, VAR etc;
    Daily report on the CBK and Nostro closing balances to the immediate supervisor to ascertain efficient placement of funds;
    Management of Inter-desk Funding between the ALM desk and Trading desks (Fixed Income/FX);
    Daily verification of End of Day rates as well as End of month Fixed Income and FX revaluation;
    Ensure appropriate deal booking policy/models are used by the TFO especially on rollout of new products and new systems;
    Assist to maintain day-end and month-end data to enable reporting on current and historical compliance or non-compliance with limits and guidelines, with appropriate commentary over daily, weekly, monthly, quarterly or annual periods;
    Off Market Rate Deal reporting across all asset classes (FX, Money Markets, and Securities) by jointly with Market Risk establishing and monitoring thresholds;
    In liaison with Risk, Capture End of Day Market Rates for FX (including swap points for valuation of FX swaps and Forwards) in T-24 system or treasury transaction processing system;
    In Liaison with Risk, Capture End of Day Market Rates for Securities Held and Fair Value Through PL or OCI, in T-24 system or treasury transaction processing system;
    Exception reporting for Deals Cancelled and amended with PL impact for fair valued assets (FX and Securities).

    Audit and Financial Control

    Through daily reporting; give prompt attention to risk exposures & breaches of limits and guidelines, including the development of risk mitigation strategies;
    Report daily on limits utilization, counterparty lines utilization, product breaches and trading limits breaches;
    Ensuring that all external debt and interest is properly accounted for and correctly reported on the company’s financial statements and working in conjunction with the finance function as required;
    Ensure Compliance with International Accounting Standards and International Financial Reporting Standards;
    Assist in analysis, investigation and closure of any audit issues highlighted in treasury;
    Conduct independent valuation of all Treasury products e.g. Interest Rate swaps, Forwards, FX Swaps, Bonds, Options, Overnight Index Swaps etc.;
    Championing the treasury function’s audit process for both internal and external audits including liaisons on an audit follow-up points;
    Ensure close liaison with other areas internal and external of Finance to ensure consistent adherence to policies and procedures.

    Treasury Reporting

    Championing the treasury function’s reports pack preparation for various stakeholders i.e. board packs, due diligence packs, investors roadshow packs, new relationship report packs etc;
    Prepare Models that help with product revaluation, Sensitivity analysis, Scenario Analysis, Stress testing to help with budgeting, MIS, ALCO decisioning;
    Produce TMO Pack documenting movements and highlighting P&L and Balance Sheet trends across the bank’s Treasury Products and Industry;
    Act as the contact person for treasury products internal and external reviews;
    Coordinate resolution of issues with cross functional teams, including front office, market risk, and operations;
    Provide support in preparation of business cases for new opportunities and products for the Treasurer to be presented to Asset Liability Committee (ALCO);
    Design/re-engineer exception-based Treasury reporting.

     Risk & Compliance

    Attend training and maintain knowledge of and comply with all bank policies and procedures including Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules and regulations;
    Participate or undertake Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing bank programs on a regular basis e.g. taking attestations, self-assessment tests, filling in compliance questionnaires as required;
    Comply and not to knowingly participate or assist in any violation of Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules, regulations or internal policies, procedure and guidelines;
    Report suspected money laundering cases to their respective heads of units or to the Money Laundering Reporting Officer as soon as such incidents occur immediately with a clear basis of suspicion;
    Avoid Misrepresentation and Malicious Reporting – knowingly making a false, fictitious or fraudulent representation e.g. statement, report, document;
    Not provide advice or other assistance to individuals who attempt to violate or avoid Anti Money. Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules, regulations or corporate policies;
    Respond to all AML/CFT/CPF queries when requested by Compliance Unit to allow the bank to comply with the requirements of The Anti-Money Laundering and Combating Financing of Terrorism Amendment Act;
    Co – operate fully with regulators and law enforcement agents and make available required documents and information.

    ACADEMIC BACKGROUND

    A first Degree in a relevant discipline i.e. accounting, financial management, economics, numerical or other scientific related disciplines.
    Advanced degree is an added advantage.

    WORK EXPERIENCE

    A minimum of 5 years’ experience working in a treasury function either in a financial or corporate institution, preferably in the financial services industry.
    At least three years banking experience with exposure to Treasury function – front, middle or back office functions.

    SKILLS & COMPETENCIES

    Practical Knowledge of Treasury products and Treasury risk management systems and operational processes with demonstrable skills application of market risk management methodologies and tools;
    Good communication skills with strong personality and ability to work with minimum supervision;
    Solid grounding in financial systems database methodologies and financial modelling;
    Solid experience in working with Treasury Management Systems;
    Advanced Excel skills and computer literacy (e.g. SQL, Crystal Reports);
    Prompt and accurate reporting for decision making;
    Timely production of exception reports and explanation of dealer estimates vs actuals.

    PROFESSIONAL CERTIFICATION

    Qualified accountant (CPA/ACCA or their equivalent); member of ICPAK
    Recognized Professional Qualification in Treasury will be a strong added advantage.
    ACI accreditation or Risk Management certification. CPA/ACCA qualification is desirable.

    Apply via :

    sidianbank.co.ke

  • Finance and Operations Manager Sales Executive Admission Counsellor

    Finance and Operations Manager Sales Executive Admission Counsellor

    About the job

    As the Head of Finance & Operations you will hold a pivotal role in leading and overseeing various critical functions within the organization.

    Responsibilities

    Building and developing a first-class finance and operations team
    Being a key member of the Management Team
    Integrity of all financial records and reporting
    Financial and management accounting, budgeting, planning, pricing, commercial contracts, and unit economics
    Preparation and presentation of Board Reports
    Audits; both statutory and regulatory
    Being a Business Partner to all members of the Management Team
    All treasury activities for the Bank
    Liquidity and Capital management
    Chairing the Bank’s ALCO
    Regulatory reporting
    The integrity of all records and data in the core banking platform
    Ownership and oversight of Settlement and Reconciliation
    The Bank’s operational processes
    Operational risk management
    Ensuring AML and KYC requirements are at all times met
    Managing operational vendor relationships
    As a digital bank, ensure optimal operational efficiency
    The role-holder must be approved by the CBK

    Qualifications and Experience

    An experienced banker from a finance and operations perspective
    A minimum of seven years banking experience in a senior management role
    Fintech/digital banking management experience IS A MUST
    A thorough understanding of banking regulations in Kenya
    Very hands-on as this is effectively a start-up
    Good knowledge of payment systems
    A great leader
    Well-respected in the market with the ability to win and foster important stakeholder relationships.
    Experience of reporting to and managing a Board
    Comfortable working in a matrix structure
    A collegiate working style, while working with a Team located across the world in many different time zones.

    go to method of application »

    Use the link(s) below to apply on company website.  Use the emails(s) below to apply 

    Apply via :

  • Assistant Manager Operations

    Assistant Manager Operations

    Responsibility Summary:

     Spearheading the Enterprise Risk Management Framework
     Implementation of Business Continuity Plans
     Coordinate the implementation of Risk and Control Self-Assessment (RCSA) framework
     Assess, measure, monitor and report on operational risks People Management.

    Academic & Professional Qualifications

     Bachelor’s Degree from a recognised accredited university.
     Professional risk management certification e.g. CFA, CRMP or CRMA.
     At least five (5) years’ experience in a Bank or relevant financial institution.
     Good knowledge of the regulatory environment and statutory instruments.
     Experience in applying risk management principles and methodologies in the financial industry.
    Proficiency in using data analysis and modelling tools.

    Skills/Experience Required

    Strong management and leadership skills
    Problem solving and decision making
    Good interpersonal and influencing skills
    Proactiveness and High integrity
    Good analytical skills and competency in Ops risk management

    Kindly send your CV to recruitment@boakenya.com before Monday 15/07/2024

    Apply via :

    recruitment@boakenya.com

  • Corporate Credit Origination Group Head of Delivery Group Head of Project Support & Governance

    Corporate Credit Origination Group Head of Delivery Group Head of Project Support & Governance

    Job Purpose

    Overall responsibility for Portfolio Management within Corporate Banking.
    Primarily responsible for managing the credit risk associated with the portfolio and ensuring high-quality portfolio.
    Closely work with the relevant stakeholders from origination to monitoring, playing a vital role in deal structuring to add value from a credit/policy perspective.
    Work with the relevant stakeholders on a specified portfolio and facilitate revenue growth in the portfolio.
    Participate and contribute to cross-selling the Bank’s products.

    JOB OBJECTIVES
    Key Responsibilities
    KEY ACTIVITIES
    Deal Origination

    Interact with the client, gather deal requirements, financial statements, and other inputs for performing quality analysis and due diligence.
    Work with relevant stakeholders in structuring credit solutions for the clients and ensuring the appropriateness of the products.
    Prepare and secure approval for Term Sheets, wherever required
    Work with relevant stakeholders in:
    Obtaining all pre-clearances for deals relating to AML screening, Exclusion List, CRB, etc.
    Deals Structuring and other account optimization initiatives
    Expediting approvals.
    Responsible for end-to-end credit proposal process including preparing all the tools like environmental and social due diligence report, Scorecard, Finales, etc., in-depth analysis of various risks, quality presentation, and ensuring timely credit approval.
    Ensure compliance with all internal and regulatory credit/other portfolio-related aspects/matters

    Post Deal Account Monitoring

    Promptly carry out interim credit proposal reviews and amendments as the business demands
    Ensure zero facility renewal overdue and extensions not breaching the required threshold lower of 5 or 5% credit applications in the month with regards to the assigned portfolio.
    Liaise with Credit Risk on credit proposals, variations, memoranda, and other credit issues and ensure quick turnaround on queries.
    Proper maintenance of Clients’ credit files and ensuring audit ready at all times
    Attend accounts downgraded to Watch status/Portfolio calls along with the relevant stakeholders
    Prepare and seek periodic approval where applicable on Covenants, Risk Triggers and Deferrals report
    In partnership with the relationship manager and/or branch manager, ensure timely identification of accounts to be downgraded to Watch status, as per the Bank’s policies and guidelines

    Others

    Prepare timely Stress Tests, wherever required
    Prepare specific industry study
    Prepare Credit Opinion reports wherever required.
    Effective use of Bank systems

    Additional Responsibilities

    On request, participate in Group-wide HR and business initiatives and provide expert advice on Corporate Credit matters including any other matter that may be assigned by the Team Leader from time to time.

    KEY RELATIONSHIPS
    PURPOSE
    External

    Project Managers,
    Clients/Professional Associations
    Legal Firms, Accountants, Valuers etc.

    Internal

    Credit (Risk Underwriting, CAD-documentation, CAD-operations)
    Relationship Managers, Branch Managers
    Sector Heads and Product Owners
    Credit Administration
    Legal
    ESG
    SAM/GSAM/Debt Recovery Unit
    Others: EXCO etc.
    Project monitoring, deal structuring, credit information, industry update
    Approval, perfection of securities, reporting, monitoring, and joint management of the portfolio as a cohesive team

    Qualifications

    Bachelors’ Degree
    Professional Qualification e.g. Accounting – CPA, ACCA; Banking – AKIB, Investment Banking – CFA
    Masters Degree, an added advantage
    Training on Credit Analysis, Deal Structuring
    Experience in Credit Risk Analysis
    Understanding of Trade Finance and Treasury products and services
    Skills such as Presentation, Report Writing preferred

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    Use the link(s) below to apply on company website.  

    Apply via :

  • Credit Risk Analyst – Merchant & Ecosystems Specialist Compliance, Assurance and Reporting Specialist Officer, Monitoring & Control, Merchant & Ecosystem, FRM Financial Crime Compliance Specialist

    Credit Risk Analyst – Merchant & Ecosystems Specialist Compliance, Assurance and Reporting Specialist Officer, Monitoring & Control, Merchant & Ecosystem, FRM Financial Crime Compliance Specialist

    JOB PURPOSE STATEMENT
    The primary purpose of this role is evaluation and structuring of financial risk processes for Merchant & Ecosystem products including ensuring quality appraisals of credit applications across the LDFS Group through performing research and due diligence activities in partnership with LDFS Line of Business (LOB) executives, data science unit and partners. This includes reviewing and screening potential market, partnership and product structures and strategic collaboration opportunities in partnership with and on behalf of LOB Sponsors.
    The role holder is responsible for driving quality lending margins by evaluating financial and credit risk proposals and making recommendations that influence business decisions that align with the LDFS Business Model, Risk Appetite and Business objectives, and will be responsible for making decisions on SME and Ecosystems lending proposals as per delegated authority, and in line with the Credit Risk Management policy and the SME Product Guideline.
    Subject Matter Expert in credit risk underwriting process design and assessment techniques in a highly digital and data driven environment, market research and financial risk management and will assist Senior Manager to guide other LDFS Units in their roles and responsibilities in a manner that optimizes risk margins.
    KEY ACCOUNTABILITIES (DUTIES AND RESPONSIBILITIES)
    Financial (10%)

    Proactive management of Cost of Risk by ensuring that they are maintained at the prescribed and budgeted level (Quality of portfolio – Maintain PAR/ NPL & impairment charge within set metrics) through prudent lending practices and monitoring of Early Warning Signs
    Minimize the risk of loss/ bad debts through prudent lending practices and monitoring of Early Warning Signs on financial and credit risk portfolios
    Improvement in business returns through minimization of revenue leakage, maximizing revenue from existing/new customers and partners and share of wallet thereon or identification of additional revenue opportunities through deal structuring and due diligence; and offering appropriate products, customer experiences, operations, collections and recoveries and rehabilitation journeys.
    Obtain and review appropriate and timely MIS on exceptions and loans in arrears for purposes of pro-actively managing exposures with minimal loss to the business. This will include periodical reviews with Business Leads for purposes of reviewing controls or facilitating exit of risk as appropriate.
    Establish and review risk tolerance thresholds based on LDFS strategy and Risk Appetite, manage and escalate exceptions to guard the bank against unacceptable credit losses arising from breach of KRIs
    Monitoring covenant compliance and account performance to ensure risk stays within agreed thresholds.
    Management of unit costs to ensure that these are maintained within set budgets/targets
    Identify, cross-sell, and exploit available opportunities that will translate to increased business and revenue growth.

    Internal business processes (50%)

    Conduct quality appraisals using a range of criteria including and not limited to the applicants business and financial records, credit history, bank records, tax returns and other credit-related data, stress-tested in the context of the operating (political, economic, social, technological / digital, legal / regulatory and environmental) landscape to ascertain the risk involved in extending credit and the ability of the applicant to repay, and make recommendations on the nature, structure and terms of the loan or line of credit that will protect Loop DFS’s ability to recoup funds loaned at a profit based on the applicants credit score and credit worthiness.
    Conduct due diligence on strategic markets, partnerships, companies, industries, merchants and consumers by collecting, researching and interpreting financial statements and market data such as company financial statements, price developments, currency adjustments, macro developments and yield fluctuations
    Design, develop and implement bespoke financial risk processes including financial models for decision support.
    Design, automate and champion implementation of customized risk processes, customer journeys and terms of engagement for partnerships, consumer and merchant customers.
    Keep up to date with market developments, new investment products and all other areas that can affect the markets, e.g. movements in the economies of relevant countries
    Research and consider how the economic implications of factors such as natural disasters, weather and wars might affect the performance of the financial portfolios. Proper Environmental and Social Monitoring (E&S) & reporting.
    Obtain required input from LOB Sponsors on key issues; facilitating approvals and deal closure
    Draft and write advisory reports for LOB Executives and other relevant stakeholders; this might include summaries of research, investment ideas, key risks or events as well as key drivers and projections
    Make recommendations to LOB Executives, being able to position ideas and articulate to the Executives about the risk or payoff for each recommendation
    Ensure that all regulatory and compliance requirements are met.
    SLA adherence by all stakeholders and adherence to agreed turnaround times
    Robust Covenant Monitoring to ensure that all approved covenants are captured and tracked constantly
    Regular review of business to determine applicability and suitability within the ever changing Digital Business Lending environment
    Enhance a digital first Financial & credit risk workflow process by championing continuous improvements
    Use of qualitative and quantitative analytics to assess risk and identify opportunities that will influence policy and process formulation.
    Interact directly and maintain good rapport with Business teams and customers teams to deeply understand their business models while protecting LDFS’ interests and following compliance protocols
    Recognize and escalate decisions to the Senior Manager when required as per underwriting policy
    Perform financial forecasting, variance analysis, reporting, and operational metrics tracking, and make recommendations
    Guide the cost analysis process by establishing and enforcing policies and procedures
    Regular stakeholder training and capacity development
    Satisfactory Audit/Risk and compliance rating on data driven models and underwriting processes

    Customer (30%)

    Work in close collaboration with the Business Teams to achieve the following for assigned portfolios:

    Support New Business initiatives & proposals for incorporation into product programs
    Engage Business partners in regular asset quality reviews with provision of analytics insights to identify risks/ opportunities and recommend relevant actions
    Support review of credit policies, scorecards and program risk acceptance criteria regularly, with analytical insights of portfolio trends & performance

    Monitor key portfolio performance trends to ensure strong portfolio credit quality with a good balance of risk and reward to optimize Business opportunities and in line with business strategy and risk appetite.
    Support scorecard monitoring and analysis; involve in the scorecard development, back testing as well as validation of the score cut-off.
    Participate in digital initiatives and drive continuous improvements in analytics capabilities using both traditional and non-traditional data as well as enhancements in the use of risk analytics tools.

    Learning and Development (10%)

    Staff growth through coaching and training – clearly identified training needs, leave and succession planning.
    Self-development and training – Participation in learning opportunities both on-the job and classroom trainings available through the learning academy.

    JOB SPECIFICATIONS
    Academic:

    University degree preferably in a Business-Related field (Commerce, Business Administration, Economics, Mathematics & Statistics and Finance).
    Proficiency and Practical experience in credit underwriting, financial modelling, data analytics and use of relevant MIS, BI & MS Office applications. Knowledge in statistical computer languages e.g. SQL, R, Python is an added advantage.
    Professional Qualifications such as ACCA, CPA, CIFA, AKIB etc will be an added advantage.
    Strong IT skills and experience with office automation tools.

    Desired work experience:

    5 years banking experience with at least 3 years covering credit appraisals, credit portfolio management, risk management and business analysis/informatics.
    Experience working with credit scoring models/ credit decision engines is desired
    Experience working in a highly automated environment.

    JOB COMPETENCIES
    Technical Competencies

    Broad based working /operational knowledge of banking and credit underwriting (breadth and depth). Certification in multiple areas of credit risk management and/or banking support services. Reference point and mentor for colleagues, partners, for areas of expertise – Subject matter expert in business/corporate credit risk underwriting in a highly automated environment.
    Skilled at qualitative internal and external stakeholder interviewing and engagement.
    Excellent at deriving key insights and patterns from stakeholder interviews and using that input to identify gaps and clarify problem statements.
    Skilled at risk identification, mapping, to break gaps down into quantifiable KRIs.
    Excellent at collaborating with Customer, Product, Tech and Process flow Design to bring potential risk management solutions to life.
    Candid knowledge of the financial sector and risk management guidelines as well as current banking and fintech operations practice.
    Excellent at breaking issues down into risk points within product and process flow design.
    Deep familiarity with Loop DFS digital products and the relevant business processes
    Excellent use case and requirements development skills.
    Able to elevate performance of the Group through excellent ORM outputs.
    A good understanding of all core processes and knowledge of regulatory and statutory requirements.
    Strong financial modelling, analytical and problem-solving skills with an emphasis on data science and risk management.
    Experience working with and ideation and creation of data architectures.
    Knowledge of a variety of machine learning techniques (clustering, decision tree learning, artificial neural networks, etc.) and their real-world advantages/drawbacks.
    Knowledge of advanced statistical techniques and concepts (regression, properties of distributions, statistical tests, Poisson distribution and proper usage, etc.) and experience with applications.
    Excellent written and verbal communication skills for coordinating cross functional teams.
    Proficiency in ISO 9001 2015 is highly desired in regards to Quality Management System.

    Behavioural Competencies

    Excellent planning and organizational skills with ability to breakdown complex items to actionable elements.
    Relate easily and naturally with executives, business managers, technical teams and customers. Has excellent listening skills and understands the desires and challenges of all our leaders and customers.
    Able to change plans, methods, opinions or goals in light of new information, with the readiness to act on opportunities. Highly effective in adapting to differing environments.
    Capable of developing a sound understanding of the motives, needs and concerns of others and develop a deep understanding of their complex stakeholder network. Can anticipate the motives and expectations of others effectively.
    Self-motivated and self-managing.

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    Use the link(s) below to apply on company website.  

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  • Chief Executive Officer

    Chief Executive Officer

    Key Responsibilities

    Providing leadership in developing and implementing the KBA Strategic Plan, including developing annual work plans, their budgets and monitoring and evaluating their implementation;
    Spearheading advocacy on key issues affecting the banking business community through partnership management and developing and maintaining networks and coalitions with like-minded organizations;
    Leading and managing the Secretariat, ensuring efficient and effective project management, Accountability and evaluation management, financial, administrative and communications management and motivating a team of staff;
    Building strong relationships with the banking business community and institutionalise a sustainability plan within the Association;
    Leverage technology in a transformative way to deliver member-centric services, products, and efficiencies;
    Ensure that KBA maintains its brand visibility and participates in all matters that impact the banking industry, financial landscape, and the economy; and
    Fostering a corporate identity that promotes values and ethical standards and good governance.

    Requirements

    Be a holder of a Bachelor’s Degree in a relevant field from a recognized university. A master’s degree in business or policy related field is an added advantage.
    Have at least 10 years’ relevant experience, five (5) of which should have been spent in senior management and/or leadership role with overall multifunctional responsibility preferably in a business membership organization or financial services sector organization with significant size and complexity;
    Be a practicing professional member with a relevant professional body;
    Knowledge in banking sector issues and the private sector priorities in Kenya will be an added advantage;
    Demonstrate commercial, financial flair and growth mindset;
    Have the ability to build strong networks with advocacy partners, the banking sector community, and policymakers in order to achieve the KBA’s strategic objectives; and
    Possess a strong track record of leading, managing, and motivating staff towards high performance and productivity.

    Apply via :

    apply.workable.com