The Retirement Benefit Authority (RBA) is a State Corporation set up to regulate and supervise the retirement benefit sector in Kenya.
RBA is established through the Retirement Benefit Act (No. 3 of 1997)
In an effort to enhance the operations of the existing team as well as increase its effectiveness in service delivery, RBA is seeking to recruit high caliber result-oriented persons with exceptional communication and IT skills who will work flexibly in a small but highly professional team and respond imaginatively to varied and demanding range of tasks.
Interested persons who are comfortable in high performance environment and have the ability to turn strategy into practical measures complexity and detail are invited to apply for the following vacancy:
Economist - Supervision
Department: Supervision
Location: Nairobi
Section: Supervision and Enforcement
Job Grade: RBA 5
Reports to: Manager Supervision
Subordinates: Supervision Officers
Job Role: To enable the Authority implement and evaluate supervisory programmes aimed at managing risks in schemes, securing compliance of schemes and service providers through off-site and on-site inspections and enforcement of statutory requirements.
Key Result Areas:
Risk based supervision
• Continuously carryout portfolio risk profiling
• In consultation with the immediate supervisor, execute supervisory interventions intended to manage scheme risks
• Identify and provide feedback on challenges of risk based supervision model
Develop effective financial monitoring and evaluation systems
• Provide leadership in the design, implementation and evaluation of effective programmes aimed at securing compliance of retirement benefits schemes
• Review and process applications for registration and licensing of all stakeholders
• Review financial statements and internal control systems of retirement benefit schemes and service providers in order to prevent fraudulent activities in the industry
• Propose and Participate in the Initiation and development of innovative products and services for the Pension Industry as a whole
• Participate in monitoring the implementation of the Product
Contribute to policy formulation and implementation
• Participate in the development of Budget Memorandum
• Enforce policy guidelines and best practices for the prudent investment of pension funds
• Liaise with stakeholders and staff to submit and present policy concerns for the industry
• Develop and disseminate guidelines through practice notes
• Participate in dissemination of policies to stakeholders through appropriate outlets
Develop training programs for industry stakeholders
• Plan, design and implement comprehensive training programmes aimed at empowering stakeholders
• Participate in stakeholder programmes
• Prepare concept papers, progress reports and annual reports showing achievements against planned targets
• Participate in activities and sessions that generate goodwill and advance the mission of RBA
• Cultivate a network of strong and lasting partnerships with stakeholders and relevant Government Departments
Administrative Issues
• Perform general administrative and operations-based tasks as deemed necessary by the Manager, Supervision
• Provide technical leadership to multidisciplinary teams to enable them develop, implement and evaluate strategic management plans
• Take initiatives in absence of immediate supervisor
• Support other members of the department
Education
• Master of Arts in Economics + Bachelor of Arts Economics ( First Class Honours)
Professional Qualifications
• Ideal: CFA part 1 or equivalent
Experience
• Min: 5 Years with 3 of which in a Senior position in a reputable organization
• Ideal: 6
Age: 30 - 35vyears
If your background, qualification, experience and competence match the above specification please submit your detailed CV, indicating day time telephone numbers, address and names of three referees to the address below not later than 31st January 2010, quoting the position applied for in a sealed cover.
The Chief Executive,
Retirement Benefits Authority,
Rahimtulla Tower - 13th Floor,
Upper Hill Road,
P.O. Box 57733 - 00200, Nairobi.
Only shortlisted candidates will be contacted.
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