CHIEF EXECUTIVE OFFICER

• Kenya

Kenya Deposit Insurance Corporation (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. Further, KDIC protects depositors against the loss of all their deposits or bank balance in the unlikely event of a bank failure.

KDIC seeks to recruit qualified, competent, result-oriented individual to fill the following vacant position:

a) Job purpose

The Chief Executive Officer will be responsible for providing strategic leadership in the management of the day-to-day business operations and administration of the Corporation and the execution and communication of the KDIC Board’s strategies, decisions, and policies. This is aimed towards realization of its mandate of promoting the stability of the financial system by providing a deposit insurance scheme for customers of Member Institutions (Banks), providing incentives for sound risk management and prompt resolution of troubled banks.

b) Functions

The functions of the Chief Executive Officer are:-

1. The CEO is the Accounting Officer of the Corporation and implements the decisions of the Board and Government policies in a result-oriented and timely manner.
2. Overseeing the day-to-day management of the Corporation;
3. Initiate and ensure implementation of corporate policies, strategies and   programmes;
4. Develop and recommend to the Board long term strategy, work plans, annual operating budgets and establishing proper internal monitoring and control systems;
5. Provide advice to the Board on key technical, financial and administrative matters;
6. Ensure continuous achievement of KDIC’s financial and operational goals and objectives;
7. Provide leadership to Senior Management and Staff;
8. Maintain a conducive work environment for attracting, retaining and motivating employees;
9. Attending to all Human Resource matters including organisational structure development, appointments, welfare, training, separation and effective management of succession planning;
10. Ensure effective communication between management and the Board as well as between different levels of management;

1. Foster a corporate culture that promotes ethical practices and good corporate citizenship;
2. Be responsible for stakeholder management and enhancement of the corporate image of the organization;
3. Ensure efficient and effective utilization of the Corporation’s assets and resources;
4. Overseeing the preparation and presentation of the Corporation’s quarterly and annual financial statements, management accounts and other performance reports;
5. Overseeing the effective development and implementation of policies, guidelines and frameworks to support the execution of the Corporation’s mandate;
6. Providing custodial services to the Board;
7. Ex-officio Member of the KDIC Board;
8. Representing the Corporation and articulating its position in local and international fora;
9. Spearheading change management and business process re-engineering programmes in the Corporation;
10. Overseeing Enterprise Risk Management and Business Continuity planning of the Corporation;
11. Overseeing continuous improvements in the quality and value of services and products provided by the Corporation by ensuring establishment, maintenance and integration of the Quality Management and Information Security Management Systems in the processes of the Corporation;

1. Fostering a corporate culture that promotes ethical practices and good corporate citizenship within the Corporation;
2. Overseeing the handling of complaints, compliments, requests for information and enquiries in the Corporation;
3. Member of the Financial Sector Regulators’ Forum
4. Member of the Financial Sector Crisis Management Committee
5. Ensuring prudent investment management and accounting of the Deposit Insurance Fund
6. Appropriation of funds for institutions in receivership and Liquidation
7. Authority to transfer surplus fund for a wound-up institution to the Deposit Insurance Fund

c) Recognized Qualifications

The following are recognized qualifications for appointment to this position: –

• A Bachelor’s degree in the field of either banking, law, finance, accounting, economics, commerce, or insurance from a recognized institution;
• A Master’s degree in in the field of either banking, law, finance, accounting, economics, commerce, or insurance from a recognized institution;
• Have at least fifteen (15) years cumulative relevant work experience, ten (10) of which should have been at Senior Management level in a reputable institution.
• Knowledge in policy formulation and procedures of government;
• A Leadership Course lasting not less than four (4) weeks (cumulative) from a recognized institution;
• Professional qualifications and membership of a professional body, in good standing, where applicable;
• Proficiency in computer applications;

d) Terms and conditions of service

The Chief Executive Officer shall hold office for a term of three years but shall be eligible for re-appointment for one further term.

How to Apply

Apply for the position by downloading and filling the bio-data form, attaching a detailed Curriculum Vitae (CV), copies of relevant academic, professional certificates, national identity card or passport and emailing the same to kdic@amsol.co.ke. All applicants MUST download and complete the  Application Bio Data Form (in Microsoft Excel) and attach the completed Excel file. Any HANDWRITTEN or SCANNED Bio Data form not submitted as an Excel file will be rejected.

Note 1: All applications should be received on or before 5:00 pm (East African Time) on Friday 13^th January,2023

Note 2: Only shortlisted candidates will be contacted for interviews.

Note 3: Successful candidates will be required to present the following documents:

• Certificate of good conduct from the Directorate of Criminal Investigations (DCI)
• Tax Compliance Certificate from Kenya Revenue Authority (KRA)
• Clearance Certificate from Higher Education Loans Board (HELB)
• Clearance from Ethics and Anti-Corruption Commission (EACC)
• Clearance Certificate from an Approved Credit Reference Bureau (CRB) in Kenya

The KDIC is an equal opportunity employer, and persons with disabilities are strongly encouraged to apply.

THE KENYA DEPOSIT INSURANCE CORPORATION DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS.