KDIC is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.

Duties and Responsibilities:

• Articulate strategic objectives for efficient receivership, liquidation, and winding up of troubled banks and financial institutions in alignment with directorate goals.
• Execute takeover and management strategies for assets, liabilities, and businesses of banks and financial institutions as the sole receiver/appointed liquidator.
• Review payment proposals and ensure timely processing of protected deposits.
• Implement strategies for timely debt collection and asset disposal to benefit depositors and creditors of banks in receivership and liquidation.
• Execute approved resolution strategies to preserve assets and minimize financial losses.
• Recommend reviews of crisis preparedness strategies locally and regionally.
• Execute crisis simulation exercise recommendations for framework improvement.
• Implement policies and procedures for optimal resolution options to minimize financial loss.
• Execute policies, guidelines, and procedures for winding up financial institutions.
• Coordinate asset management and disposal strategies for subsidiaries and assets of banks under resolution and liquidation.
• Develop policies for residual asset management of wound-up institutions.
• Implement frameworks to ensure safety of ownership documents and records of troubled banks and institutions.
• Review investment proposals for timely and compliant fund investment.
• Utilize technology and business process re-engineering for improved service delivery.
• Coordinate core banking system maintenance for data integrity and availability.
• Implement Alternative Dispute Resolution strategies for loan collections and cost minimization.
• Implement stakeholder engagement for efficient resolution and liquidation.
• Review financial and accounting policies for compliance and optimal resource utilization.
• Execute performance management systems for evaluation and reward.
• Supervise, coach, mentor, and facilitate training for departmental staff.
• Implement risk management policies for accountability and business continuity.
• Coordinate stakeholder engagement and financial literacy initiatives.
• Manage financial and non-financial resources for troubled institutions.
• Oversee day-to-day operations for efficiency.
• Arrange execution, discharge, and release of securities for settled debts.
• Facilitate asset disposal of wound-up institutions.
• Organize asset transfer and sign-off to the Corporation.
• Implement procedures for witness statement collection for legal matters.
• Manage assets of fully wound-up institutions.
• Coordinate engagement and evaluation of service providers.
• Provide updates on Board resolutions and audit recommendations.
• Communicate key technical, financial, and administrative matters.
• Appraise direct reports and staff of troubled banks.
• Prepare information for financial sector committees.
• Oversee revenue, expenditure, assets, and liabilities management.
• Adopt relevant research findings and best practices.
• Ensure commitments in the citizen service delivery charter are met.
• Implement strategies to prevent and mitigate corruption.
• Resolve public complaints and process information requests.
• Monitor and review annual work plans and performance contracts.
• Implement Quality Management Systems and ISO Standards.
• Oversee investment of funds held by troubled institutions.
• Ensure safety of customer deposits and recovery of funds.
• Collect loans and debts for troubled institutions.
• Coordinate departmental budgets and work plans.
• Transfer surplus funds to the Deposit Insurance Fund.

Requirements for Appointment:

• Minimum eight (8) years of relevant work experience, including five (5) years in a managerial role.
• Bachelor’s degree in Commerce, Banking, Finance, Economics, Business Administration, or equivalent.
• Master’s degree in relevant fields is advantageous.
• Completion of a management course is beneficial.
• Membership in a relevant professional body.
• Compliance with Chapter Six of the Constitution of Kenya 2010.