The Deputy Manager, Retail Payments Oversight is responsible for conducting risk-based prudential and market conduct supervision for Payment Service Providers (PSPs). Guided by the National Payment system laws and the oversight risk-management framework, the role holder will analyze and assess the level of compliance and inherent risks to ensure that the National Payment System is safe, sound, and secure.
Key Duties and Responsibilities
Technical and Operational Responsibilities
System Analysis: Analyze Retail payments systems (RPS) including ACH, EFT, Cards, Mobile Payments, and Pesalink.
Assessment: Carry out assessments of Retail payments systems against BIS core principles and set standards.
Reporting: Prepare oversight reports (Monthly, Quarterly, and Annual), Management reports (Stability Report and the FISC Report), and incident reports.
Data Management: Determine data requirements and relevant returns to facilitate oversight of PSPs.
Monitoring: Conduct online monitoring of PSP transactions and continuously monitor the implementation of recommendations made during on-site visits.
Audit & Risk: Coordinate responses to audit and risk management queries and identify weaknesses in payment system operations.
Surveillance: Undertake on-site oversight examinations and off-site surveillance of RPSs.
Enforcement: Recommend enforcement action for non-compliance with the NPS Act and Regulations.
Compliance: Assess compliance with AML/CFT requirements.
Infrastructure Designation: Identify infrastructures that meet the criteria for Financial Market Infrastructures (FMIs) for purposes of designation.
Inquiry Handling: Receive and review complaints/enquiries on payment systems or products from customers and users.
Program Development: Prepare inspection programs, pre-inspection templates, and risk assessment matrices.
Other Responsibilities
Performing any other duties as assigned by the Manager and the Assistant Director.
Qualifications and Experience
Education: Bachelor’s Degree in a relevant field such as Information Technology, Economics, Computer Science, or Business Administration.
Professional Credentials: Professional qualifications and memberships are an added advantage.
Experience: At least five (5) years’ experience working in NPS, cyber risk, and/or other similar roles.
How to Apply
Interested and qualified candidates should apply online through the official Central Bank of Kenya careers portal: https://careers.centralbank.go.ke. Ensure you follow all application guidelines provided on the recruitment site.
How to Apply
Interested and qualified candidates should apply online through the official Central Bank of Kenya careers portal: https://careers.centralbank.go.ke. Alternatively, use the following link: Apply via MyJobMag
