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 role holder is responsible for assisting the Head of Clearing Operations in overseeing the operations of the Automated Clearing House, which includes providing clearing and settlement services to commercial banks, switches, Government, Ministries, Departments and Agencies. Key Duties and Responsibilities Strategic Responsibilities Deliver efficient and effective clearing and settlement services whilst continually adhering to high procedural and regulatory standards. Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives. Work effectively as part of the Clearing Operations team to deliver on the Key Result Areas and demonstrate competencies of his/her role. Technical and Operational Responsibilities Ensure the smooth operation of the Automated Clearing House. Ensure compliance by ACH participants to KBA Standards and Regulations. Approve Clearing Voucher/Return codes. Review and approve Bank and Branches codes. Coordinate ACH System maintenance and upgrades.. Supervise processing of Outward cheques, Inward cheques, and cheque verification. Supervise processing of Outward EFTs (unpaid EFT credits), and Inward EFTs Credits. Supervise processing of Domestic Foreign Currency Cheque Clearing (DFCCC). Supervise the processing of Non-CTS compliant cheques. Monitors Banks’ DFCC Guarantees. Supervise 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.). Provide support to clearing participants’ branches clearing operations. Prepare summary reports of weekly and monthly clearing activities. Attend KBA Clearing House Committee monthly meetings as the alternate to the Head of Clearing Section. 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 Not less than five (5) years’ work experience in Banking Operations, Financial Services, Economics, Accounting, or similar operations.