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 Clearing Operations Section provides clearing and settlement services to commercial banks, Government Ministries, Departments and Agencies. The Section also manages the operations of the Automated Clearing House. Key Duties and Responsibilities Technical and Operational Responsibilities Contribute to the smooth operations of the Clearing Section. Comply with KBA Standards and Regulations. Input/approve Clearing Voucher/Return codes. Input/ approve Bank and Branches codes. Download inward payments from the Automated Clearing House. Upload outward payments to the Automated Clearing House. Process Outward cheques, Inward cheques, and cheque verification. Process Outward EFTs (unpaid EFT credits), and Inward EFTs Credits. Process Domestic Foreign Currency Cheque Clearing (DFCCC). Input Banks’ DFCC Guarantees. Facilitate the processing of non-CTS compliant cheques. Operate MICR cheque readers system. Monitor settlement of Payment Switch Operators (PSOs) net settlements instruction (NSI) files in KEPSS. (Kenswitch Ltd, Integrated Payment Services Ltd {IPSL} and Interswitch Kenya Ltd.) Support Branches clearing operations. Diligently approve a variety of Clearing Section transactions. Ensure compliance with operational, security and control policies/ procedures, preventing fraud and loss to the Bank. Process clearing files in the ACH system to distribute them to the respective clearing centers. Maintain the Bank and Branch codes in the ACH system as advised by the KBA. Maintain Direct Debit codes in the ACH system as advised by KBA. Create Bank Admins and provide passwords for accessing the ACH system on receipt of request forms. Unlock/reset Commercial Bank Admin passwords on receipt of request forms. Lock the passwords of Bank Admins who have ceased to be Banks’ clearing staff. Any other roles as may be assigned by the supervisor. Audit designated cashier as per schedule by the chief Cashier. Qualifications Bachelor’s degree in economics, Banking, Accounting, Finance, Business Administration, Mathematics, Computer Science, or related field of study. Professional qualification in Banking, Accounting, Finance, Risk Management, or related field of study is an added advantage. Work Experience At least two (2) years’ experience in Payments and Operations, Financial Services, Economics, Accounting, or similar operations.