Retirement Benefits Authority (RBA) is a regulatory body under the National Treasury, established under Retirement Benefits Act. The Retirement Benefits Act was enacted as part of the on-going reform process in the financial sector in order to bring the retirement benefits industry under a harmonized legislation, to address the many problems that have hitherto faced the industry. The enactment of this Act filled a regulatory vacuum which had existed in Kenya. The mission of Retirement Benefits Authority (RBA)is to develop, safeguard and deliver value to the retirement benefits sector through excellence in service delivery.

Job Purpose

Responsible for supervision and surveillance of retirement benefits schemes to ensure compliance with the provisions of the regulatory framework and to enforce appropriate sanctions to safeguard retirement benefits.

Job Requirements

• Bachelors degree in any of the following disciplines: finance, law, economics, commerce, business administration, social security, or its equivalent qualification from a recognized institution;
• Masters degree in any of the following: finance, law, economics, commerce, actuarial science, business administration, social security, or its equivalent qualification from a recognized institution;
• Relevant professional qualification and membership to a professional body, in good standing, where applicable;
• At least ten (10) years’ relevant work experience with at least five (5) years’ experience in a managerial role;
• A certificate in a management course lasting not less four (4) weeks;
• Demonstrated merit and ability as reflected in work performance

Job Specifications

• Managing the inspection teams in supervision and surveillance of retirement benefits schemes to ensure compliance with the provisions of the regulatory framework;
• Coordinating the implementation of prudential guidelines for the retirement benefits industry and ensuring dissemination;
• Reviewing scheme reports and enforcing compliance with the Retirement Benefits Act, regulations and the Authority’s directives;
• Reconciliation of levy, fees and penalties as prescribed under the Retirement Benefits Act and enforcing collection;
• Scheduling officers to represent the Authority in retirement benefits schemes’ annual general meetings and other forums relating to the retirement benefits industry and preparing reports and action points for Management consideration;
• Supervising performance management and appraisal of staff;
• Reviewing, developing and implementing Standard Operating Procedures in Quality Management Systems of audit recommendations; and
• Monitoring and reporting on performance progress and risk mitigation activities.

Personal Specifications

• Strategic thinking and analytical skills;
• Writing, communication and reporting skills;
• Managerial skills and ability to lead teams;
• Mentoring and coaching skills;
• Interpersonal skills; and
• Team player.