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Jan 17, 2011

RBA Supervision Economist Job in Kenya

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 profilingIn consultation with the immediate supervisor, execute supervisory interventions intended to manage scheme risksIdentify and provide feedback on challenges of risk based supervision modelDevelop effective financial monitoring and evaluation systems
Provide leadership in the design, implementation and evaluation of effective programmes aimed at securing compliance of retirement benefits schemesReview and process applications for registration and licensing of all stakeholdersReview financial statements and internal control systems of retirement benefit schemes and service providers in order to prevent fraudulent activities in the industryPropose and Participate in the Initiation and development of innovative products and services for the Pension Industry as a wholeParticipate in monitoring the implementation of the ProductContribute to policy formulation and implementation
Participate in the development of Budget MemorandumEnforce policy guidelines and best practices for the prudent investment of pension fundsLiaise with stakeholders and staff to submit and present policy concerns for the industryDevelop and disseminate guidelines through practice notesParticipate in dissemination of policies to stakeholders through appropriate outletsDevelop training programs for industry stakeholders
Plan, design and implement comprehensive training programmes aimed at empowering stakeholdersParticipate in stakeholder programmesPrepare concept papers, progress reports and annual reports showing achievements against planned targetsParticipate in activities and sessions that generate goodwill and advance the mission of RBACultivate a network of strong and lasting partnerships with stakeholders and relevant Government DepartmentsPerform general administrative and operations-based tasks as deemed necessary by the Manager, SupervisionProvide technical leadership to multidisciplinary teams to enable them develop, implement and evaluate strategic management plansTake initiatives in absence of immediate supervisorSupport other members of the departmentMaster of Arts in Economics + Bachelor of Arts Economics ( First Class Honours)Ideal: CFA part 1 or equivalentMin: 5 Years with 3 of which in a Senior position in a reputable organizationIdeal: 6Age: 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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