The Central Bank of Kenya is a public institution established under Article 231 of the Constitution of Kenya, 2010. The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency. Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate. The Bank also provides oversight of payment, clearing and settlement systems. All these efforts are geared towards fostering liquidity, solvency and proper functioning of the financial system. The Bank also formulates and implements foreign exchange policy and manages foreign exchange reserves. CBK is the banker for, adviser to, and fiscal agent of the Government. In discharging its mandate, the Central Bank contributes to the country’s economic development and growth, and promotes the interest of the public. The Bank strives to carry out its statutory mandate effectively and efficiently guided by the principles of integrity and transparency.Job Purpose The Deputy Manager, Operational Risk, supports the Senior Manager Operational Risk in the implementation of Risk, Compliance and Business Continuity Programs in the BPS Department in accordance with the Department’s mandate, policies, guidelines and processes. Key Duties and Responsibilities Technical and Operational Responsibilities Document risk registers for all divisions & sections and ensures they are updated regularly and submitted in a timely manner. Support the Department in performing risk control assessments and outcomes including business continuity activities such as development of business impact analysis and testing. Perform targeted independent assurance checks on high/medium risks and control. Ensure daily reporting of incidents and works with respective division on closure and learnings and linkage to Risk Register. Ensure implementation of audit recommendations and findings for BPS, inform on mitigations and timely closure including linkage to Risk Register. Develop insightful risk reports including risk dashboards for multiple audiences including but not limited to BPS leadership, Bank Risk Management Committee, Management and Board. Identify risk knowledge gaps and give input to staff trainings that build risk awareness. Support initiatives to build a culture of risk awareness for BPS. Work collaboratively and effectively with Risk and Compliance Division to deliver on the Key Result Areas and ensure no silos exit. Ensure compliance with Bank policies, procedures, guidelines and internal controls. Regular review and update of the Department’s operations manuals and procedures. Other responsibilities Escalate issues, queries and complaints that may need further consultation to the Senior Manager, Operational Risk Division. Required to develop and maintain working relationships with Divisional and Section Heads. Perform any other task as may be assigned from time to time. Qualifications Bachelor’s Degree in Commerce, Business Administration, Business Management from a reputable University. Professional certification in at least one discipline is a distinct advantage: Risk Management; Financial Risk Management (FRM), Business Continuity Management or Governance Risk and Compliance Management (GRCM). Membership in a relevant professional institute and in good standing is mandatory. Work Experience Minimum of five (5) years’ work experience in Risk Management within Banking and Payments in Financial Services Industry or similar operations.