PURPOSE:

Responsible for supporting the strategy & transformation office to develop world class strategies aligned to market and economic dynamics. The Role holder will be responsible for conducting macro and micro economic research to support the strategic choices taken by the Bank and Group. The role holder will work with other stakeholders to define key trends in our operating environment that are likely to impact our strategic priorities.

The Role holder will also support in building the corporate profile of I&M by supporting the Investor relations team.

PRIMARY RESPONSIBILITIES:

• Leading the research process and consolidation of research in Financial Services and economic issues important to Kenya and the key markets where we play as well as their policy and business implications.
• Leading the monitoring and collation of key economic data covering the globe, Africa and our key markets into suitably organized information to inform and guide the Bank’s Strategy.
• Leading the conduct of cutting-edge research in economics that will initially be consumed by the bank but with the potential for commercialization.
• Leading the production of regular reports which monitor developments in global and regional economic landscape as well as the Bank’s key markets and products, risk-based sector and country reports and providing timely analyses on their likely impact on our target countries and the Bank’s operations.
• Work jointly with the Innovation tribe to conduct market analysis to support product development. Will act as an eye for the organization on product trends across the market.
• In future, the role holder may be expected to support in the development and dissemination of best practice and or economic material that will contribute to building the bank’s profile.
• Support the Investor Relations team to build the profile of I&M Group
• Any other duties as may be assigned by Senior Management.

KEY PERFORMANCE INDICATOR

• Quality and usefulness of insights provided and adopted.
• Frequency of Reports

Knowledge and Experience

• At least 5 years’ experience in management consulting or private equity space
• Degree in Finance or Economics
• Ability to translate data into useful insights for strategic decision making
• Strong analytical and numerical skills
• Effective communicator & good relationship management skills
• Excellent negotiation and influencing skills
• Good interpretation and decision-making ability

Responsible for supporting the strategy & transformation office to develop, implement, monitor, and update performance management tools to track progress of all strategy and transformation initiatives across the Bank and Group.

Conduct Market research for useful insights on emerging trends that inform strategic direction of the Bank and Group.

PRIMARY RESPONSIBILITIES:

• Prepare insightful reports on economic and industry trends for consumption by relevant governance forums for informed decision making
• In liaison with the Line Manager, develop, maintain, monitor, and update a tracker showing progress on execution of deliverables in line with the 3-year strategic implementation activities and escalate notable deviations
• Support definition of KPIs under the Balanced Scorecard for the Bank and Group Subsidiaries and developing a tracking tool to monitor performance.
• Assist the Line Manager in translating initiatives, work streams and milestones into project plans which ensures successful project completion
• In liaison with the Line Manager assist in setting target metrics / KPIs for work streams and tracking targets set
• Monitoring and tracking of initiatives, facilitating initiative approvals at various stages, reporting deviations, and suggesting remedial actions
• In liaison with the Line Manager support the review of Business plans for initiatives prior to senior management sign off
• Conduct assessment of performance of strategic initiatives to support performance reviews.
• Preparation of periodic reports on progress of transformation for review by the Line Manager
• Deputising for the Senior Manager and attending work stream meetings to support initiative owners in transformation.
• Enforce the cadence process in place and support the change management activities–held within work stream and attend to support sponsors where required
• Identify, analyse, and prepare mitigation tactics for risk (Signaling blocking points and flagging these timely to S&T GM and Senior Manager)
• Identify and manage anticipated resistance including keeping track of any changes to cadence and correct, if need be, to keep discipline
• Responsible for management of the Wave solution (used to track performance of strategic initiatives) including administration, Wave training, assisting users with Wave queries and link with Wave support team.
• Support the periodic reviews of the Group and Bank strategic plan and continuous reporting of the progress to the various identified governance forums

KEY PERFORMANCE INDICATOR

• Quality and usefulness of insights provided and adopted.
• Performance of Bank (K) under its Balanced Scorecard.
• Strategic initiatives completed in line with project plan and budget.
• Compliance with Strategy Governance Calendar
• Support provided to the Subsidiaries in managing and monitoring their Strategy

Knowledge and Experience

• Ability to understand and translate strategy into action
• Deep understanding of the Balanced Scorecard approach to performance management
• Ability to translate data into useful insights for strategic decision making
• Advanced knowledge and experience in use of excel
• Strong analytical and numerical skills
• Ability to project manage complex and multifaceted strategic projects
• Knowledge and experience in project management
• Effective communicator & good relationship management skills
• Excellent negotiation and influencing skills
• Good interpretation and decision-making ability
• Good people management skill
• Ability to work independently/self-driven
• Good knowledge of other project management applications
• Strong planning, coordination, and time management skills
• 5 years overall strategy/ performance management / banking experience 3 of which should have been at managerial level