Trustee Services and Compliance Manager (Kenya Commercial Bank )Job Vacancy in East Africa Region

Kenya Commercial Bank, renowned for its diversity and growth in the Region is currently strengthening its support for group operations and business with the aim of maintaining Best Practice whilst also responding to the growing Business needs to support internal and external Customer Service delivery objectives and increase shareholder value.

To this end the following challenging position has arisen and candidates with the requisite competencies and qualifications described below are hereby encouraged to apply.

Manager, Trustee Services and Compliance

Job Ref: CORP 07/2011

Job Purpose

Reporting to the Head, Custody Services, the position offers Trustee Services for Collective Investment Schemes Product, Retirement Benefit Schemes etc. and oversee all aspects of compliance with both internal guidelines and external regulatory requirements.

Key Responsibilities

• Confirm Unit Trust Funds and Retirement Benefits Schemes are carried out in compliance with the Capital Markets Act, Capital Markets Authority Collective Investment Schemes Regulations 2001, the Retirement Benefits Authority Act and the regulations and all other relevant legislations
• Daily filing of all the correspondences relating to the trustee services
• To ensure that all contracts and agreements are negotiated and signed between the Unit Trust Fund, Custodian, Auditors and service providers
• Expert Knowledge of the Capital Markets Act, Capital Markets Authority Collective Investment Schemes Regulations 2001, the Retirement Benefits Authority Act and the regulations and all other relevant legislations and the incorporation documents for the Unit Trust Funds and Retirement Benefits Schemes customers
• Organizing, preparing and attending Quarterly Trustee Meetings and Annual General Meetings and other meetings periodically
• Confirm compliance with CMA and RBA on a monthly basis
• To ensure that the applications for licenses for the CMA, CDSC RBA, NSE and or any other regulatory body are made within the time frames stipulated by the law
• Invoicing and collection of Trustee Fees
• Communicating and liaising with the RBA, CMA , CDSC and all other regulators
• Review of unit trusts and retirement benefits scheme accounts
• Ensure team is fully optimized by monitoring workflow and daily output

The Person

• University Degree in a business related field, a postgraduate degree will be an added advantage
• AKIB/ACIB/CPA Qualifications will be an advantage
• Experience in general banking with knowledge of the Custody environment
• Strong relationship with legal and compliance issues and a comprehensive understanding of the requirements of the CMA , RBA and KRA regulations
• Candidates should have a minimum of 5 years management experience within a Trustee Services or Legal or Compliance function

Key Competencies

• Effective leadership skills and excellent team player
• Strong business sense and excellent judgment
• Responsible and Proactive worker with a Positive Attitude
• Confident and articulate with excellent interpersonal and communication skills
• Strong analytical and decision making skills
• Well versed in the conduct of meetings
• Excellent planning and organization skills
• Ability to quickly learn new products/systems
• Possess the ability to work effectively under pressure and tight deadlines

The above position is a demanding role which the bank will provide a competitive package for the successful candidate.

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail address and telephone contacts quoting the job title/reference in the subject field to recruitment@kcb.co.ke.

To be considered your application must be received by 30th September 2011.

Only short listed candidates will be contacted.