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 reports to the Head of Section, Payment Services Authorization and Approvals, and assists the team in the review and analysis of applications by Virtual Asset Service Providers (VASPs) to ensure compliance with the VASPs Act and Regulations. Key Duties and Responsibilities Technical and Operational Responsibilities Review VASP applications in line with the VASP Act and Regulations and make recommendations to the Section Head. Make recommendations for policy interventions to encourage financial innovations. Analysis of applications and the requisite licensing documents for new VASPs. Processing of application for approval of New products/ Company names for new VASPs. Review and recommend for approval any new VASP products/service for licensed VASPs. Correspond with applicants for new VASPs vider on licensing requirements and other related queries. Organize and document meetings with prospective new VASPs for regulatory guidance. Assist in updating new products applicants’ log. Other Responsibilities Coordinate knowledge exchange programmes. Participate in stakeholder forums on payment systems and innovations.. Any other roles and responsibilities that may be assigned from time to time. Qualifications Bachelor’s Degree in a relevant field e.g. Economics, Law, Statistics, Computer Science or Business. Professional qualifications and memberships are an added advantage. Work Experience At least three (3) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations.