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    Principal Bank Resolution Officer at - Nairobi, Kenya - Kenya Deposit Insurance Corporation

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    Full time
    Description
    KDIC is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.

    Duties and responsibilities will entail:

    Facilitating the take-over of all assets, liabilities, and businesses of distressed banks and financial institutions as the sole and exclusive receiver/appointed liquidator.

    Implementing agreed action plans for the timely collection of debts and disposal of assets for the benefit of depositors and creditors of banks in receivership and financial institutions under liquidation.

    Implementing activities to preserve the assets of banks placed in receivership and minimize financial loss.

    Coordinating and conducting financial crisis simulation exercises and preparing progress reports on the adequacy of the financial crisis framework.

    Maintaining custody of ownership documents of all assets and records of banks in receivership, financial institutions under liquidation, and wound-up financial institutions.

    Compiling and consolidating investment proposals to ensure timely investment of funds for banks in receivership and institutions under liquidation.

    Implementing approved policies, guidelines, procedures, and frameworks for disposal of subsidiaries and other assets of banks and financial institutions under resolution and wound-up institutions.

    Coordinating business process re-engineering activities leveraging technology to enhance service delivery to depositors and creditors.
    Developing winding-up checklists and coordinating the winding-up process of identified financial institutions.

    Carrying out Alternative Dispute Resolution activities to enhance loan collections and minimize running costs for banks in receivership and institutions under liquidation.

    Ensuring compliance with the developed performance management system to monitor, evaluate, report, and reward performance.
    Implementing and reviewing the approved risk management policy to ensure robust systems and processes.
    Generating proposals for payments of protected deposits and additional payments to depositors/creditors and ensuring timely processing.
    Reviewing proposals for disposal of assets of fully wound-up institutions.
    Coordinating the collection of witness statements for key court matters for banks in receivership and institutions under liquidation.
    Providing information required to evaluate progress in implementation of Board resolutions and audit recommendations.
    Supervising and facilitating training and development of direct reports staff.
    Generating and compiling information and data required for presentation to relevant financial sector committees.
    Coordinating activities to support in the management of assets of fully wound-up institutions.
    Coordinating provision of information for identified research areas relating to banks' receivership, liquidation, and winding-up processes.
    Implementing and facilitating the review of identified commitments in the citizen service delivery charter.
    Resolving public complaints and coordinating processing of requests for access to information.
    Providing information to facilitate preparation and review of the unit's annual work plan and annual performance contract.
    Ensuring compliance with Quality Management Systems and other ISO Standards for process improvement.


    Requirements for Appointment:

    At least eight (8) years' work experience in financial reporting or analysis, risk management, forensic or fraud investigation, actuarial analysis, financial reporting.

    Bachelor's Degree in Commerce, Banking, Finance, Economics, Business Administration, or an equivalent qualification.
    Master's degree in Commerce, Banking, Finance, Economics, Business Administration, or an equivalent qualification (added advantage).
    Professional qualification in Commerce, Banking, Finance, Economics, Business Administration, or an equivalent from a recognized Professional body.
    Membership to a relevant professional body.
    Supervisory course from a recognized institution (added advantage).
    Fulfilling the requirements of Chapter Six of the Constitution of Kenya 2010.


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