Job Purpose
The role holder will be responsible for implementing regional payments integration and harmonization initiatives to enable the Central Bank of Kenya to contribute to the broader East African Community (EAC) financial system integration agenda. The Officer supports the section to fulfil this critical mandate.
Key Duties and Responsibilities
Technical and Operational Responsibilities
- Participate in the implementation and respond to strategic regional integration initiatives for the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) regions. This includes:
- Upgrading of the East African Payment System (EAPS).
- Upgrading of the Regional Electronic Payment and Settlement System (REPSS).
- Implementation of a regional cross-border retail payment system for the East African Community.
- Participate in the implementation of strategic East African Community Monetary Affairs Committee (MAC) directives related to payment systems and report on the status on a quarterly basis.
- Monitor the performance of the two regional payments systems, the East African Payment System (EAPS) and COMESA’s Regional Electronic Payment and Settlement System (REPSS), and report on their performance to the relevant regional oversight bodies (i.e., the Monetary Affairs Committee and COMESA Committee of Governors, respectively).
- Draft memos, letters, and reports on assignments in response to regional payments integration matters for the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Association of African Central Banks (AACB).
- Participate in the coordination of activities with development partners that support Payment Services such as the African Development Bank (AfDB), World Bank (WB), and International Monetary Fund (IMF).
Other Responsibilities
- Participate in the coordination of staff training in the Division.
- Any other assigned roles and responsibilities.
Qualifications
- Bachelor’s Degree in Economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, Mathematics, Computer Science or related field of study.
- Professional qualifications and memberships of relevant professional bodies are an added advantage.
Work Experience
- Not less than two (2) years’ work experience in Payment/ Banking Services Operations, Financial Services, Economics Policy, Accounting or similar operations.
