KCB Manager Job Kenya Trustee Services and Compliance

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.


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