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 provides effective leadership in conducting prudential and market conduct supervision to ensure a safe, sound and secure national payment system. The role holder will assist to develop policy geared towards the overall achievement of CBK’s strategic objectives. Key Duties and Responsibilities Strategic Responsibilities Advise on and formulates payment policy revisions and innovations in line with the strategy of the bank and national and regional priorities. 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 team to deliver on the Key Result Areas and demonstrate competencies of his/her role. Technical and Operational Responsibilities Ensure payment systems infrastructure meets international standards through assessment of Payment Systems against international Standards (guided by principles of financial markets infrastructure (PFMIs) and the Oversight Policy Framework ). Ensure compliance of KEPSS Operations with the KEPSS Rules and Procedures, NPS Laws, Regulations, Circulars. Ensure compliance with CBK Act, NPS Act, NPS Regulations and AML/CFT requirements by Payment Service Providers. Designation and revocation of payment instrument/systems as provided in the law. Coordinate offsite and onsite oversight of large value and retail payment systems and regional participation.. Coordinate responses to audit and risk management queries and implement recommendations. Oversee the development of a risk management framework for payment systems/instruments Review oversight reports prepared for management including the annual oversight reports, Financial Stability Investment Committee (FSIC) report, Financial Stability (FS) report, incident and other ad-hoc reports. Review developed data requirements and relevant returns for approval to facilitate oversight of Payment Service Providers (PSPs). Other Responsibilities Review operation manual to include new policies and procedures. Participating in various stakeholders’ forums and interdepartmental meetings. Mentor, coach the team to achieve planned section activities. Work with the legal team to pursue enforcement actions. Any other duties that may be assigned from time to time. Qualifications Bachelor’s degree in economics, Banking, Accounting, Finance, Business Administration, Insurance, Law, 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 ten (10) years’ work experience in Payments & Banking Operations, Financial Services, Economics, Accounting or similar operations, with three (5) years in supervisory capacity.