Vacancies at Co-operative Bank of Kenya

Reference number: FXD/FSD/2024

The role

The successful jobholder will be expected to:

• Develop, document and implement the  Trading Unit strategy  based on fundamental and technical analysis in liaison with Head of Trading Desk.
• Manage the bank’s FX position while monitoring statutory and internal limits.
• Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
• Trade in Foreign Exchange to achieve budget foreign exchange revenue.
• Meet customer needs on all currency transactions
• Manage all Inter-Bank Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
• Actively contribute to improvements in quality/efficiency of treasury products delivery processes.
• Handle position and profit reconciliations in liaison with Middle Office, Market Risk, finance and back office departments.
• Support the training program of Trainee & Junior dealers in the unit

Qualifications, Skills & Attributes

The successful jobholder will be required to possess the following qualifications: 

• A Bachelor’s degree in any Business related field, mathematics, or engineering 
• At least four (4) years of general banking experience, with at least a minimum of 2 years in direct foreign exchange and money market trading and treasury operations
• Be a Certified Foreign Exchange and Money Market Dealer (ACI) and in possession of ACI dealing certification.
• Good knowledge of risk management and its application to financial markets.
• Thorough knowledge of the end-to-end processes of Treasury products and services.
• Experience in using FX trading platforms.
• Analytical skills and excellent flair for numbers.
• Good negotiation skills and an Excellent Team Player.
• Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on international markets.
• Knowledge of Local and international market events and their likely impact on currency and interest rates

go to method of application »

 Reference number: IA/FSD/2023 

The Role

Specifically, the successful jobholder will be required to:

• Utilize extensive understanding of business activities to recommend scope and objectives of assigned audits, execute audit procedures, perform detailed analyses, reach sound conclusions, and document results for assigned audit activities.
• Participate in the execution of multiple audit projects to achieve the scope, timing, and objectives of each assignment while ensuring applicable regulatory guidance is included in the scope for assigned audits where applicable.
• Proactively identify risks, evaluate controls and make recommendations to improve internal control, operational effectiveness and efficiency.
• Analyze and verify transactions and representations as well as performing review of test work completed by assigned staff.
• Prepare excellent work paper documentation ensuring quality of such documentation in accordance with professional standards, as well as establishing departmental standards and deadlines.
• Recommend departmental improvements to automate procedures, methods, and standards to improve departmental efficiency, productivity and quality.
• Prepare clear and concise recommendations for correction of unsatisfactory conditions, improvements in operations, reductions in cost and effectively gain concurrence and support for recommended control improvements.
• Facilitate the communication of audit results and special projects via written reports and oral presentations to management.
• Assist in the annual risk assessment process and generation of annual audit plan.
• Identify and analyze level of threat and potential risk to the organization’s information assets
• Ensure that access to electronically stored corporate information is adequately protected and managed appropriate to the risks
• Test adequacy and effectiveness of control measures on information systems, operational processes, credit, department operations and recommend corrective measures to be undertaken in areas of weakness.
• Perform special audits as and when called upon and make maximum use of Computer Assisted Audit tools e.g. Teammate, ACL, SQL Developer etc.
• Assist in training/mentoring of staff and develop and maintain the skills, knowledge and expertise to make valuable contributions to the internal audit team.
• Perform independent threat and vulnerability assessment tests and report on cyber risks and controls of the ICT systems within the bank and other related third-party connections.
• Conduct comprehensive penetration tests on the bank’s web-based applications, mobile applications, networks, and ICT systems to assess the effectiveness of the cyber security framework implemented by the bank.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• Bachelor’s degree in Information Systems or Computer Science from a recognized university. Possession of an MSc or other relevant postgraduate qualification will be an added advantage.
• Professional certification in IT Audit, Risk and Security e.g. CISM, CISSP, CISA, CRISC
• Excellent understanding of auditing concepts and practices with a minimum of 3 years experience in a management role in IT and operations or IT and operation audit.
• Skilled in project management and maintaining composure under pressure while meeting multiple deadlines.
• Demonstrable knowledge in risk assessment and control concepts/methodologies.
• Skilled in negotiation and conflict management to resolve problems that may arise during an audit.
• Excellent oral and written skills; a strong verbal communicator, analytical writer and able to clearly and concisely convey personal observations of processes, risks and controls.
• Excellent analytical ability both qualitative and quantitative to draw sound conclusions coupled with demonstrated knowledge and proper application of sampling techniques.
• Excellent attention to detail and organizational skills.