Strategic Responsibilities

1. Advise on and formulates payment policy revisions and innovations in line with the strategy of the bank and national and regional priorities.

2. Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

3. 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

1. 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 ).

2. Ensure compliance of KEPSS Operations with the KEPSS Rules and Procedures, NPS Laws, Regulations, Circulars.

3. Ensure compliance with CBK Act, NPS Act, NPS Regulations and AML/CFT requirements by Payment Service Providers.

4. Designation and revocation of payment instrument/systems as provided in the law.

5. Coordinate offsite and onsite oversight of large value and retail payment systems and regional participation.

6. Coordinate responses to audit and risk management queries and implement recommendations.

7. Oversee the development of a risk management framework for payment systems/instruments

8. 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.

9. Review developed data requirements and relevant returns for approval to facilitate oversight of Payment Service Providers (PSPs).

Other Responsibilities

1. Review operation manual to include new policies and procedures.

2. Participating in various stakeholders’ forums and interdepartmental meetings.

3. Mentor, coach the team to achieve planned section activities.

4. Work with the legal team to pursue enforcement actions.

5. Any other duties that may be assigned from time to time.