Principal Bank Resolution Officer at Kenya Deposit Insurance Corporation

• Company:
• Location: Kenya
• State:
• Job type: Full-Time
• Job category:

• 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.

• 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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