Job Specifications

The mandate of this Director is to be the secretary to the Board as per Clause 1.21 of Mwongozo Code of Governance for State Corporations and to provide legal services to the Authority.

Job Descriptions

The following are the duties and responsibilities:

• Provide guidance to the Board on their functions and on matters of governance.
• Coordinate Board Activities such as board induction and training, board work plans, board evaluation, governance audit, and implementation of the code of conduct and ethics.
• Maintain and keep custody of the Board and Committee charters.
• Ensure the timely preparation and circulation of Board and Committee papers.
• Ensure timely circulation of Board and Committee papers.
• Take and keep committee minutes.
• Maintain and update the register of conflicts of interest.
• Ensure that Board members are aware of all relevant laws affecting the organization.
• Facilitate effective communication between the organization and the stakeholders.
• Ensure that annual returns are promptly filed with the relevant authorities.
• Except in exceptional circumstances, ensure that Board and Committee papers are circulated in advance of any meeting.
• Coordinate litigations for the Board.
• Provide guidance on governance and adherence to statutory obligations.
• Prepare and ensure appropriate execution of all contracts.
• Registration of various legal instruments in favor of the Authority.
• Custodian of all contracts and ownership documents.
• Advising on the fixing of common seal outside registration.
• Provide legal guidance on contractual and statutory obligations binding to the Organization and legal duties for the Board.

Person Specifications

The following are the recognized qualifications for appointment in this cadre:

• Bachelor’s degree in law or any other relevant qualification from a recognized institution.
• Master’s degree in law or any other relevant qualification from a recognized institution.
• Diploma in Law from Kenya School of Law.
• Membership to the Law Society of Kenya or any other recognized professional body.
• Professional qualification and membership of a professional body where applicable.
• At least twelve (12) years of relevant work experience.
• At least five (5) years in management.
• Management Course lasting not less than four (4) weeks from a recognized institution.
• Proficiency certificate in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Leadership Skills.
• Ability to analyze complex legal issues.
• Strong communication skills.
• Excellent Legal drafting skills.
• Strong problem-solving skills.
• High ethical standards and integrity.
• Proficiency in contract negotiations.
• Effective dispute resolution.
• Excellent interpersonal skills.
• Expertise in risk management.

Job Specifications

This is a senior leadership role within the Capital Markets department. The holder reports to the Director and is responsible for overseeing all divisions and operations within the department.

Job Descriptions

The following are the duties and responsibilities:

• Develop and implement policies that attract potential NIFC firms to invest in capital markets.
• Attract institutional investors, issuers, and market participants to list, trade, and invest in the local capital markets.
• Collaborate with foreign regulators to promote listing of foreign securities on the Nairobi Securities Exchange to enhance cross-border markets.
• Support potential NIFC firms looking to list in Kenya on regulatory requirements, market entry, and raising of capital.
• Collaborate with regulators and policymakers to promote growth and innovation in the capital markets.
• Review market trend analysis to recommend policies and decisions that enhance growth and opportunities within the NIFC.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or related field, or any other relevant qualification from a recognized institution.
• Master’s degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or related field, or any other relevant qualification from a recognized institution.
• Professional qualifications in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science where applicable.
• Member of a recognized professional body e.g. (ICIFA, CBI, ICPAK, LSK, ICS) or any other relevant professional body recognized in Kenya where applicable.
• At least ten (10) years relevant work experience.
• At least four (4) years experience in management.
• Management course lasting not less than four (4) weeks from a recognized institution.
• Proficiency certificate in computer application.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic leadership and vision.
• Client relationship and management skills.
• Policy and strategy development.
• Influencing and advising executive leadership.
• Operational and financial oversight.
• Risk and opportunity assessment.
• Communication and negotiation skills.
• Team development and organizational leadership.
• Team player.
• Flexibility.

Job Specifications

This is the senior-most position in this cadre, and the holder reports to the Director, Corporate Services. The holder shall be the head of the department and shall oversee all the operations of the department and the divisions therein.

Job Descriptions

The following are the duties and responsibilities:

• Provide guidance in the development, interpretation, implementation, and review of human resource management and administration policies, standards, and guidelines.
• Ensure implementation of Terms and Conditions of service for the Authority; coordinating organizational development and job reviews.
• Manage staff recruitment, promotion, discipline, and capacity building; developing, reviewing, and coordinating implementation of welfare and other incentive schemes for the Authority.
• Monitor the implementation of performance management systems; analyzing the staffing levels in the Authority and recommending proposals for succession planning and proper deployment.
• Coordinate the development and implementation of grievance handling mechanisms.
• Ensure adoption of best practices in the management of human resource functions.
• Champion change management programs in the Authority.
• Monitor and evaluate the effectiveness of training and development programs.
• Oversee the formulation and implementation of efficient Performance Management Systems.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in human resource management or any other relevant qualification from a recognized institution.
• Master’s degree in any of the following disciplines: Human Resource Management, Administration, Business Administration, or any other relevant qualification from a recognized institution.
• Diploma in Human Resource Management from a recognized institution.
• At least ten (10) years relevant work experience.
• At least four (4) years’ experience in management.
• Management Course lasting not less than four (4) weeks from a recognized institution.
• Membership with the Institute of Human Resource Management (IHRM).
• Proficiency Certificate in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic leadership.
• Strong organization and interpersonal skills.
• Mentoring, coaching, and leadership skills.
• Professionalism.
• Ethical and integrity.
• Policy development.
• Team leadership.
• Problem-solving.
• Management skills.
• Communication skills.

Job Specifications

The Deputy Director of Marketing and Communication is responsible for providing strategic leadership in planning, implementing, and overseeing the organization’s marketing and communication initiatives.

Job Descriptions

The following are the duties and responsibilities:

• Implement marketing and communications strategy and keep staff strategic in their marketing and communications outputs.
• Work with colleagues to devise marketing and communications plans for interventions and projects.
• Review marketing and communications plans in light of changes to organizational goals.
• Identify new and innovative tools and channels for marketing and communication.
• Identify marketing and communications opportunities and threats and advise staff.
• Monitor and evaluate marketing and communication activity impact, including news media monitoring.
• Develop a deep understanding of target audiences; lead media relations: draft informative and interesting press releases, edit and draft articles and blogs, answer journalists’ inquiries, and conduct journalist outreach.
• Clear and distribute press releases, maintain a database of journalists, and merchandise media coverage.
• Plan and manage the design, content, and production of all marketing materials.
• Lead maintenance of social media channels, e.g., X, Facebook, LinkedIn, and Google+.
• Prepare detailed media activity reports.
• Organize events: plan, build audiences, arrange venues, and manage logistics.
• Manage events: take photos, live stream, shoot video, edit it, post it to YouTube, and digitally disseminate it.
• Create communication and marketing strategies for NIFC and NIFCA, launches, events, and promotions.
• Lead the marketing and public relations activities.
• Draft website copy and upload website content.
• Oversee the compilation of regular and systematic emails, clearance, and distribution.
• Support management in effective internal communications.
• Commission and manage staff, consultants, and suppliers.
• Respond to communication-related issues in a timely manner.
• General administrative good practice as required.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in any of the following disciplines: marketing, media, communications, international relations, public relations, journalism, or any other relevant qualifications from a recognized institution.
• Master’s degree in any of the following disciplines: marketing, media, communications, international relations, public relations, journalism, or any other relevant qualifications from a recognized institution.
• Professional certification in marketing, communications, or a relevant area (e.g., CIM) is an added advantage.
• Member of a recognized professional body (e.g., MSK, PRSK, CIM).
• At least ten (10) years relevant work experience.
• At least four (4) years in management.
• Management Course lasting not less than four (4) weeks from a recognized institution.
• Proficiency certificate in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic leadership and vision.
• Integrated marketing communication.
• Global brand strategy and positioning.
• Cross-departmental collaboration.
• Resource and budget management.
• Public relations, media, and crisis management.
• Creative and innovative thinking.
• Team leadership and development.

Job Specifications

This is the most senior position in this cadre, and the holder reports to the Chief Executive Officer. The holder shall be the head of the department and shall oversee all the operations of the department and the divisions therein.

Job Descriptions

The following are the duties and responsibilities:

• Oversee the development of the annual procurement and disposal plans and their implementation.
• Oversee procurement and disposal of assets activities in the Authority.
• Manage contracts for goods, works, and services.
• Act as the custodian of contract documents.
• Coordinate with the user department to ensure effective implementation of contracts for goods, works, and services.
• Provide secretariat support to committees incidental to the procurement of goods and services and the disposal of assets.
• Provide professional advice on the procurement of goods, works, services, and disposal of assets.
• Provide professional opinions to the accounting officer.
• Prepare statutory reports to PPRA.
• Review procurement needs of the Authority.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in Procurement and Logistics Management, Business Administration (Supply Chain Management option), Commerce, or any other relevant qualification from a recognized institution.
• Master’s degree in Procurement and Logistics Management, Business Administration (Supply Chain Management option), Commerce, or any other relevant qualification from a recognized institution.
• Diploma in Supplies Management or its equivalent qualification from a recognized institution.
• Membership in the Kenya Institute of Supplies Management, Chartered Institute of Procurement and Supply, or any other recognized professional body.
• At least ten (10) years of relevant work experience.
• At least four (4) years’ experience in a management role.
• Management course lasting not less than four (4) weeks from a recognized institution.
• Proficiency certificate in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic thinking and planning.
• Procurement and contract management.
• Supply chain optimization.
• Compliance and risk management.
• Change management, innovation, and continuous improvement.
• Ethics and integrity.
• Strong analytical skills.
• Communication skills.
• Strong interpersonal skills.
• Ability to mobilize resources.
• Negotiation skills.

Job Specifications

The Director of Corporate Services is responsible for overseeing the effective and efficient utilization and management of resources in the areas of Finance, Human Resources & Administration, and Information & Communication Technology (ICT).

Job Descriptions

The following are the duties and responsibilities:

• Formulate and develop policies, plans, and strategies in the functional areas of Finance, ICT, Corporate Communications, and Human Resource & Administration.
• Ensure compliance with relevant laws, regulations, and government circulars pertaining to employment and public finance.
• Oversee the selection and implementation of suitable technology systems to optimize service delivery.
• Champion value-for-money systems and model cost-effective measurement techniques for assessing the quality of output delivered by the Authority.
• Promote financial prudence and discipline through financial accounting, planning, treasury management, and budgetary controls.
• Coordinate with development partners and external parties on all financial matters.
• Formulate and implement creative communication and public relations strategies.
• Promote a positive corporate image of the Authority.
• Manage corporate social responsibility (CSR) programs, gauge their impact, and ensure compliance with corporate citizenship policies.
• Coordinate manpower planning, recruitment, placement, employee performance management, development, and reward management within the Authority.
• Coordinate change management programs within the Authority.
• Oversee the administration functions of the Authority.
• Monitor and report on performance progress and risk mitigation activities within the Directorate.

Person Specifications

The following are the required qualifications for appointment to this role:

• Bachelor’s Degree in any of the following disciplines: Human Resource Management, Business Administration, Public Administration, Finance, Commerce, ICT, or any other relevant qualification from a recognized institution.
• Master’s Degree in any of the following disciplines: Human Resource Management, Business Administration, Public Administration, Finance, Commerce, ICT, or any other relevant qualification from a recognized institution.
• Professional Qualification in any of the following fields, as applicable:
  • Certified Public Accountant (CPA (K))
  • Certified Secretary (CS (K))
  • Certified Financial Analyst (CFA)
  • Postgraduate Diploma in HRM (K)
  • ICT Certification or any other relevant qualification.
• Membership in a professional body, such as ICPAK, ICS, ICIFA, IHRM, or any other relevant body.
• At least twelve (12) years of relevant work experience, with at least five (5) years in a managerial role.
• Completion of a leadership course lasting not less than four (4) weeks from a recognized institution.
• Proficiency in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic thinking and operational leadership skills.
• Financial acumen and budget management.
• People management.
• Technology and digital transformation understanding.
• Risk and compliance management.
• Project and change management.
• Resource optimization and process improvement.
• Analytical and interpersonal skills.
• Communication and negotiation skills.
• Stakeholder engagement.
• Team player.

Job Specifications

This is the entry-level position for this cadre. An officer at this level will work under the supervision and guidance of a senior officer.

Job Descriptions

Duties and responsibilities at this level will entail:

• Keeping up-to-date work tickets for vehicles.
• Maintaining cleanliness of the assigned motor vehicle.
• Submitting regular reports on the assigned motor vehicle.
• Reporting any mechanical issues or accidents.
• Ensuring the proper mechanical working condition of the vehicle.

Person Specifications

For appointment to this grade, an officer must have:

• At least a mean grade of D+ (plus) in the Kenya Certificate of Secondary Education (KCSE) or its equivalent from a recognized institution.
• At least four (4) years of relevant work experience.
• Occupational Trade Test II Certificate.
• Valid driving license, free from any current endorsements, for the classes of vehicles the driver is required to drive.
• Defensive Driving Certificate from the Automobile Association of Kenya (AA) or an equivalent qualification from a recognized institution.
• Certificate of Good Conduct (renewable every two (2) years).
• First Aid Certificate from St. John’s Ambulance or any other recognized institution (course duration of at least one (1) week).
• Accident-free driving record for three (3) years.
• Proficiency Certificate in computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Job Purpose

• This is an entry-level grade for degree holders. A financial analyst at this level works under the supervision and guidance of a senior analyst and may be deployed in any of the following seven (7) departments: Capital Markets, Green Finance & Carbon Markets, Fintech, Insurance & Banking, Private Equity & Venture Capital, Stakeholder Engagement and Services, Certification; or Monitoring & Quality Assurance.

 Job Description

• The following are the respective duties and responsibilities for a financial analyst across the various departments:

Capital Markets Department

• Support the development and implementation of policies that attract potential NIFC firms to invest in capital markets;
• Create and maintain a database of investors, issuers, and market participants to list, trade, and invest in the local capital markets;
• Create and maintain a database of targeted foreign regulators to engage with in order to promote the listing of foreign securities on the Nairobi Securities Exchange;
• Support the potential NIFC firms looking to list in Kenya on regulatory requirements, market entry, and raising of capital;
• Participate in the forums of regulators and policymakers aimed at the development of frameworks that promote growth and innovation in the capital markets; and
• Conduct market research to increase the amount of data available to the public, informing them about trends, growth, and opportunities.

Green Finance & Carbon Markets Department

• Support the development and implementation of a framework that will attract green finance firms within the NIFC;
• Support the alignment of the NIFC framework to globally accepted sustainability standards;
• Support the designing of mechanisms for green financing and building of a carbon credit exchange within the NIFC;
• Create and maintain a database of relevant stakeholders to engage with in order to build a central marketplace for carbon credits to securitize carbon credits into digital tokens;
• Create and maintain a database of sustainable projects in Kenya, with a clear view of sustainability ambitions and funding gaps;
• Research and draft incentives to support specific climate-related or environmental projects;
• Maintain a database of contacts of relevant regulators;
• Draft documentation for collaboration with other regulators to establish a framework that will encourage local and international investors and financiers to finance green and sustainable projects;
• Create and maintain a database that matches green investors with potential local projects;
• Support the development of a green taxonomy in Kenya, setting out projects that qualify as green to prevent greenwashing in the NIFC; and
• Write and compile reports that set out policy recommendations, market development, and industry standards.

Fintech, Insurance & Banking Department

• Research and draft incentives to attract fintech, insurance, and banking firms to the NIFC;
• Support the implementation of frameworks that encourage innovation within the fintech, insurance, and banking sectors;
• Provide operational assistance to the Innovation Hub by gathering and organizing resources for start-ups seeking regulatory guidance;
• Support collaboration with local partners to gather insights and data that promote innovation in the fintech, insurance, and banking sectors;
• Conduct research to identify potential funding opportunities for fintech, insurance, and banking innovators;
• Support monitoring of NIFC’s regulatory frameworks to ensure alignment with international trends;
• Contribute to initiatives that enhance cooperation within the fintech, insurance, and banking sectors;
• Support the development of tools and resources that facilitate collaboration and partnerships for scaling firms;
• Research and document best practices for cross-border banking operations to support seamless implementation;
• Support initiatives that promote sustainable banking and insurance solutions aligned with ESG standards; and
• Support evaluation and implementation of risk management strategies to mitigate financial risks.

Private Equity & Venture Capital Department

• Support in the formulation and implementation of the framework for defending existing and growing new investment into the NIFC;
• Support the development of the controlled environment for private equities and venture capitals to test products and reduce time-to-market while potentially lowering costs;
• Research and draft proposals of tax incentives that may be designed to encourage investments into the NIFC;
• Contribute to the development of frameworks for the identification of NIFC-qualified activities;
• Support the development of a framework for NIFC firms to offer cross-border investment services in regional markets; and
• Create and maintain a database of regional and global Private Equity and Venture Capital funds to facilitate access to capital for NIFC start-ups.

Stakeholder Engagement & Services

• Support the development of attractive programs for existing and emerging expat talent with knowledge in these areas;
• Create and maintain a database for all the service providers;
• Support the development of strategies that facilitate skills matching between service providers and local start-ups;
• Support the development of a framework for the engagement of service providers;
• Research and propose incentives that attract specialized professional services providers for financial services;
• Support the development of strategies and initiatives for capacity building of skills to improve the quality of human capital; and
• Provide support to professional service firms through legal and regulatory guidance to investors, financial service firms, and start-ups.

Certification Department

• Development and regular review of the guidelines for certification;
• Review the application based on the guidelines and the prescribed criteria for certification;
• Participate in the strategic fit examination of firms seeking certification;
• Participate in the due diligence and screening of firms seeking certification;
• Contribute by making recommendations for the certification of an applicant;
• Create and maintain a database of applications for certification and certified firms;
• Prepare NIFC certificates for issuance;
• Invoice application fees, certification fees, and renewal fees; and
• Review and recommend renewal of certification for NIFC firms.

Monitoring & Quality Assurance Department

• Collect data on the compliance of NIFC-certified firms;
• Ensure that data is accurate and up-to-date, and report findings;
• Support enforcement activities and ensure that all enforcement actions are properly documented and monitored;
• Support collaboration with financial sector regulators to track compliance. Gather and compile data for internal and external reporting;
• Provide administrative support in preparing recommendations for the suspension or withdrawal of certifications and ensure all required documentation is in place;
• Implementation and monitoring of the quality management system. Ensure that quality initiatives are properly tracked and reported;
• Support the enterprise risk management process by helping to identify risks and document mitigation strategies;
• Maintain accurate records of the performance of management systems. Support senior team members in analyzing system performance and identifying areas for improvement;
• Provide administrative support for process re-engineering initiatives. Ensure that project timelines are met and that progress is documented; and
• Support administrative tasks related to tax incentives for certified firms. Help in coordinating meetings with stakeholders and compiling data for reports.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in finance, economics, accounting, banking, business, law, actuarial science, mathematics, political science, statistics, or a related field, or any other relevant qualification from a recognized institution;
• Professional qualifications in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science where applicable;
• Proficiency certificate in computer applications; and
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Technical financial analysis;
•  Attention to detail;
• Financial reporting and compliance understanding;
• Interpersonal and communication skills;
• Report writing skills;
• Presentation skills; and
• Team player.

 Job Specifications

• This is a promotional grade, with the holder working under the supervision of the Deputy Director. A principal analyst may be deployed in any of the following seven (7) departments: Capital Markets, Green Finance & Carbon Markets, Fintech, Insurance & Banking, Private Equity & Venture Capital, Stakeholder Engagement and Services; Certification; or Monitoring & Quality Assurance.

 Job Description

• The following are the duties and responsibilities for a principal analyst across the various departments:

Capital Markets Department

• Develop and implement policies that attract potential NIFC firms to invest in capital markets;
• Collaborate with foreign regulators to promote the listing of foreign securities on the Nairobi Securities Exchange to enhance cross-border markets;
• Support potential NIFC firms looking to list in Kenya on regulatory requirements, market entry, and raising of capital;
• Collaborate with regulators and policymakers to promote growth and innovation in the capital markets; and
• Review market trend analysis to recommend policies and decisions that enhance growth and opportunities within the NIFC.

Green Finance & Banking Department

• Develop and implement a framework that will attract green finance firms within the NIFC;
• Align the NIFC framework to globally accepted sustainability standards;
• Design the mechanism for green financing and building of a carbon credit exchange within the NIFC;
• Coordinate collaboration with relevant stakeholders in building a central marketplace for carbon credits to securitize carbon credits into digital tokens;
• Coordinate the development of a central marketplace for carbon credits to securitize carbon credits into digital tokens;
• Review incentives to support specific climate-related or environmental projects;
• Participate in regulators’ forums aimed at establishing mandatory sustainability reporting practices;
• Review documentation for collaboration with other regulators to establish a framework that will encourage local and international investors and financiers to finance green and sustainable projects;
• Spearhead the development of platforms to connect green investors with potential local projects;
• Collaborate with public and private sector institutions to develop a green taxonomy in Kenya, setting out projects that qualify as green to prevent greenwashing in the NIFC; and
• Review reports that set out policy recommendations, market development, and industry standards.

Fintech, Insurance & Banking Department

• Coordinate the development of infrastructure and incentives to attract fintech, insurance, and banking firms to the NIFC;
• Implement frameworks that support innovation within the fintech, insurance, and banking sectors, ensuring alignment with NIFC’s strategic objectives;
• Manage the operational setup of the Innovation Hub, including the regulatory sandbox, providing specialized support to startups seeking regulatory guidance;
• Collaborate with strategic partners locally and internationally, executing strategies to promote sector-wide innovation in fintech, insurance, and banking;
• Develop actionable plans for funding support to fintech, insurance, and banking innovators, working with stakeholders to secure financial resources;
• Ensure NIFC’s regulatory frameworks are regularly updated to reflect international trends, maintaining global competitiveness;
• Support initiatives that enhance cooperation across fintech, insurance, and banking sectors via non-mandatory regulation frameworks;
• Coordinate the development of platforms for collaboration and partnerships, facilitating the scaling of firms through infrastructure use;
• Coordinate with international regulators to facilitate seamless cross-border banking operations and lead initiatives promoting the expansion of these services;
• Guide efforts to support the digital transformation of traditional banking by integrating mobile banking, blockchain, and AI technologies;
• Coordinate projects that drive innovation in insurance services, including promoting digital platforms and Insurtech solutions;
• Work with global insurance firms to create incentives for them to establish operations at the NIFC;
• Promote sustainable banking and insurance solutions that align with international ESG standards; and
• Implement risk management strategies to mitigate financial risks such as currency fluctuations and cybersecurity threats.

Private Equity and Venture Capital

• Formulate and implement the framework for defending existing and growing new investment into the NIFC;
• Develop the controlled environment for private equities and venture capitals to test products and reduce time-to-market while potentially lowering costs;
• Review proposals of tax incentives that are designed to encourage investments into the NIFC;
• Develop frameworks for the identification of NIFC-qualified activities;
• Develop a framework for NIFC firms to offer cross-border investment services in regional markets; and
• Build a network with regional and global Private Equity and Venture Capital funds to facilitate access to capital for NIFC start-ups.

Stakeholder Engagement and Services Department

• Develop attractive programs for existing and emerging expat talent with knowledge in these areas;
• Develop and regularly update a database for all the service providers;
• Develop strategies that facilitate skills matching between service providers and local start-ups;
• Develop a framework for the engagement of service providers;
• Review recommended incentives that attract specialized professional services providers for financial services;
• Develop strategies and initiatives for capacity building of skills to improve the quality of human capital; and
• Provide support to professional service firms through legal and regulatory guidance to investors, financial service firms, and start-ups.

Certification Department

• Develop and regularly review the guidelines for certification;
• Review reports on applications based on the guidelines and the prescribed criteria for certification;
• Review the strategic fit examination of firms seeking certification;
• Coordinate due diligence and screening of firms seeking certification;
• Coordinate the development of a database of applications for certification and certified firms;
• Levy application fees, certification fees, and renewal fees; and
• Review and recommend renewal of certification for NIFC firms.

 Monitoring & Quality Assurance Department

• Monitor compliance of firms to the conditions set in their certificates;
• Enforce laws, regulations, and rules that NIFC firms are required to comply with;
• Work with financial sector regulators to ensure that NIFC firms continue to meet their obligations, to ascertain their continued eligibility for the NIFC certificate;
• Recommend the withdrawal or suspension of an NIFC certificate and the imposition of other administrative penalties for breach of any rules, regulations, or directives;
• Coordinate the preparation, implementation, and monitoring of the Authority’s quality management system;
• Coordinate enterprise risk management in the Authority;
• Coordinate the development, implementation, and monitoring of management systems and ensure retention of certification of the same;
• Coordinate the implementation of business process re-engineering initiatives; and
• Collaborate with stakeholders on matters relating to tax incentives for firms certified at the Centre.

 Person Specifications
For appointment to this grade, an officer must have:

• Bachelor’s degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or a related field, or any other relevant qualification from a recognized institution;
• Master’s degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or a related field, or any other relevant qualification from a recognized institution;
• Professional qualifications in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science where applicable;
• Member of a recognized professional body (e.g., ICIFA, CBI, ICPAK, LSK, ICS) or any other relevant professional body recognized in Kenya where applicable;
• At least eight (8) years of relevant work experience;
• At least three (3) years of experience in a supervisory role;
• Management course lasting not less than four (4) weeks from a recognized institution;
• Proficiency certificate in computer applications; and
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Strategic financial insight;
• Leadership and mentorship;
• Complex problem-solving and innovation;
• Advanced stakeholder management;
• Risk analysis and mitigation;
• Interpersonal and communication skills;
• Report writing skills;
• Presentation skills; and
• Team player.

Job Specifications

• This is a promotional job grade. An officer at this level will work under the supervision and guidance of the Deputy Director, Internal Audit, and oversee operations within his/her division.

Job Descriptions

The following are the duties and responsibilities:

• Develop audit strategies, policies, and procedures and ensure effective implementation.
• Prepare risk-based annual audit plan for approval by the Audit & Risk Management Committee.
• Prepare audit reports on completion of each audit engagement to ensure timely issuance to Management for implementation of recommended actions.
• Evaluate progress and effectiveness of action taken to implement audit recommendations received from both internal and external audits.
• Prepare quarterly audit reports to the Audit and Risk Management Committee of the Board.
• Execute special audits/investigations.
• Evaluate the performance of staff in the Division to ascertain efficiency and effectiveness in work performance in meeting the objectives of the function.
• Prepare the department’s annual budget, control, and monitor its implementation.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s Degree in Accounting, Finance, or Business Administration (Finance and Accounting option) or any other relevant qualification from a recognized institution.
• Master’s degree in any of the following disciplines: Accounting, Finance, or Business Administration (Finance and Accounting option) or any relevant qualification from a recognized institution.
• Professional qualification, Certified Public Accountants (K) and Certified Internal Auditors from a recognized institution.
• Membership with Institute of Certified Public Accountants of Kenya (ICPAK), Institute of Internal Auditors (IIA), or any other recognized professional body.
• At least eight (8) years of relevant work experience.
• At least three (3) years in a supervisory role.
• Management course lasting not less than four (4) weeks from a recognized institution.
• Proficiency certificate in computer applications.
• Fulfilled the requirements of Chapter six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Advanced financial reporting.
• Technical accounting knowledge.
• Budgeting and forecasting.
• Audit and compliance.
• Risk management.
• Leadership and supervision skills.
• Interpersonal skills.
• Technical proficiency.

Job Specifications

• This is a promotional grade. An officer at this level will work under the supervision and guidance of the principal accountant in charge of the section he/she has been deployed to.

Job Description

The following are the duties and responsibilities:

• Verify payments and receipt vouchers and committal documents.
• Capture data.
• Maintain primary records such as cash books, ledgers, vote books.
• Prepare management reports in the system.
• Keep safe custody of the Authority’s records and assets.
• Receive duly processed payments and receipt vouchers.
• Write cheques, post payments and receipt vouchers in the cash book.
• Authorize payments and sign cheques subject to set limits.
• Withdraw and ensure safety of the cash.
• Ensure security of cheques and cheque books.
• Monitor collection of revenue.
• Verify invoices in the system.
• Upload accounting data into the system.
• Coordinate closure of monthly accounting periods.
• Examine payment vouchers.
• Assist in the development and implementation of the department work plan.
• Assist in the implementation of ISO audit recommendations.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in Commerce (Accounting or Finance option), Business Administration (Accounting option), or any other relevant qualification from a recognized institution.
• CPA (III) or any other relevant qualification from a recognized institution.
• Member of the Institute of Certified Public Accountants (ICPAK) or any other recognized professional body.
• At least four (4) years of relevant work experience.
• Supervisory course lasting not less than two (2) weeks from a recognized institution.
• Proficiency certificate in computer applications.
• Fulfill the requirements of Chapter six (6) of the Constitution.

Key Competencies and Skills

• Financial reporting.
• Budgeting and forecasting.
• Regulatory knowledge.
• Problem-solving.
• Ethics and integrity.
• Technical proficiency.

Job Purpose

A financial analyst at this level works under the supervision and guidance of a principal financial analyst and may be deployed in any of the following seven (7) departments: Capital Markets, Green Finance & Carbon Markets, Fintech, Insurance & Banking, Private Equity & Venture Capital, Stakeholder Engagement and Services, Certification; or Monitoring & Quality Assurance.

Job Description

The following are the respective duties and responsibilities for a senior analyst across the various departments:

Capital Markets Department

• Support the development and implementation of policies that attract potential NIFC firms to invest in capital markets.
• Create and maintain a database of targeted foreign regulators to engage with in order to promote the listing of foreign securities on the Nairobi Securities Exchange.
• Support the potential NIFC firms looking to list in Kenya on regulatory requirements, market entry, and raising of capital.
• Participate in the forums of regulators and policymakers aimed at the development of frameworks that promote growth and innovation in the capital markets.
• Conduct market research to increase the amount of data available to the public, informing them about trends, growth, and opportunities.

Green Finance & Capital Markets Department

• Support the development and implementation of a framework that will attract green finance firms within the NIFC.
• Support the alignment of NIFC framework to globally accepted sustainability standards.
• Support the designing of mechanisms for green financing and building a carbon credit exchange within the NIFC.
• Create and maintain a relevant stakeholder database to engage with in order to build a central marketplace for carbon credits to securitize carbon credits into digital tokens.
• Create and maintain a database of sustainable projects in Kenya, with a clear view of sustainability ambitions, and funding gaps.
• Research and draft incentives to support specific climate-related or environmental projects.
• Maintain a database of contacts of relevant regulators.
• Draft documentation for collaboration with other regulators to establish a framework that will encourage local and international investors and financiers to finance green and sustainable projects.
• Create and maintain a database that matches green investors with potential local projects.
• Support the development of a green taxonomy in Kenya, setting out projects that qualify as green to prevent greenwashing in the NIFC.
• Write and compile reports that set out policy recommendations, market development, and industry standards.

 Fintech, Insurance & Banking Department

• Support the development of infrastructure and incentives that attract fintech, insurance, and banking firms to NIFC.
• Support the implementation of frameworks that encourage innovation across fintech, insurance, and banking sectors.
• Provide operational support to the Innovation Hub, ensuring that startups have access to regulatory guidance.
• Support collaboration with local and international partners to foster innovation across fintech, insurance, and banking sectors.
• Support efforts to provide funding to firms and individuals promoting innovations in fintech, insurance, and banking.
• Monitor regulations to ensure they remain up-to-date with international fintech, insurance, and banking trends.
• Support enhancement of cooperation within the fintech, insurance, and banking sectors via governance frameworks.
• Support the development of platforms that support collaboration and partnerships to aid firms in scaling up through infrastructure.
• Support stakeholder engagement to identify regulatory improvements for fintech, insurance, and banking.
• Provide support for promoting cross-border banking services, ensuring collaboration with international regulators.
• Support digital transformation projects for traditional banking by promoting new technologies.
• Provide administrative support for the regulatory sandbox for fintech, insurance, and banking start-ups.
• Conduct research to support the development of incentives aimed at attracting global insurance firms to the NIFC.
• Research and document initiatives that promote sustainable banking and insurance products in alignment with ESG standards.
• Analyze NIFC’s insurance frameworks, identify gaps with global regulatory standards, and prepare recommendations for alignments.

Private Equity & Venture Capital Department

• Support the formulation and implementation of the framework for defending existing and growing new investments into NIFC.
• Support the development of a controlled environment for private equities and venture capitals to test products and reduce time-to-market while potentially lowering costs.
• Research and draft proposals of tax incentives that may be designed to encourage investments into NIFC.
• Contribute to the development of frameworks for identification of NIFC qualified activities.
• Support the development of a framework for NIFC firms to offer cross-border investment services in regional markets.
• Build networks with regional and global Private Equity and Venture Capital funds to facilitate access to capital to NIFC start-ups.

Stakeholder Engagement and Services Department

• Support development of attractive programs for existing and emerging expat talent with knowledge in these areas.
• Create and maintain a database for all the service providers.
• Support development of strategies that facilitate skills matching between service providers and local start-ups.
• Support the development of a framework for engagement of the service providers.
• Research and propose incentives that attract specialized professional services providers for financial services.
• Support the development of strategies and initiatives for capacity building of skills to improve the quality of human capital.
• Provide support to the professional service firms through legal and regulatory guidance to investors, financial service firms, and start-ups.

Certification Department

• Support the development and regular review of the guidelines for certification.
• Review the application based on the guidelines and the prescribed criteria for certification.
• Participate in the strategic fit examination of firms seeking certification.
• Participate in the due diligence and screening of firms seeking certification.
• Contribute to recommendations for the certification of an applicant.
• Create and maintain a database of applications for certification and certified firms.
• Prepare NIFC certificates for issuance.
• Invoice application fees, certification fees, and renewal fees.
• Review and recommend renewal of certification for NIFC firms.

Monitoring & Quality Assurance Department

• Collect data on the compliance of NIFC-certified firms.
• Ensure that data is accurate and up-to-date, and report findings.
• Provide administrative support for enforcement activities and ensure that all enforcement actions are properly documented and followed through.
• Support coordination with financial sector regulators to track compliance. Gather and compile data for internal and external reporting.
• Provide administrative support in preparing recommendations for the suspension or withdrawal of certifications and ensure all required documentation is in place.
• Support implementation and monitoring of the quality management system. Ensure that quality initiatives are properly tracked and reported.
• Support the enterprise risk management process by helping to identify risks and document mitigation strategies.
• Maintain accurate records of the performance of management systems. Support senior team members in analyzing system performance and identifying areas for improvement.
• Provide administrative support for process re-engineering initiatives. Ensure that project timelines are met and that progress is documented.
• Support administrative tasks related to tax incentives for certified firms. Help in coordinating meetings with stakeholders and compiling data for reports.

Person Specifications

For appointment to this grade, an officer must have:

• Bachelor’s degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or related field, or any other relevant qualification from a recognized institution.
• Professional qualifications in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science where applicable.
• Member of a recognized professional body e.g., ICIFA, CBI, ICPAK, LSK, ICS, or any other relevant professional body recognized in Kenya where applicable.
• At least four (4) years of relevant work experience.
• Supervisory course lasting not less than two (2) weeks.
• Proficiency certificate in Computer applications.
• Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills

• Advanced financial analysis and modelling.
• Sector-specific knowledge.
• Problem-solving and critical thinking.
• Communication and stakeholder engagement.
• Project management.
• Report and minute writing skills.
• Team player.