Summary
Date Posted: Friday, February 07 2025, Base Salary: Not Disclosed

JOB DETAILS:

Senior Financial Analyst
Job Purpose
A financial analyst at this level works under the supervision and guidance of a principal financial analyst and may be deployed in any of the following seven (7) departments: Capital Markets, Green Finance & Carbon Markets, Fintech, Insurance & Banking, Private Equity & Venture Capital, Stakeholder Engagement and Services, Certification; or Monitoring & Quality Assurance.
Job Description
The following are the respective duties and responsibilities for a senior analyst across the various departments:
Capital Markets Department
o Support the development and implementation of policies that attract potential NIFC firms to invest in capital markets.
o Create and maintain a database of targeted foreign regulators to engage with in order to promote the listing of foreign securities on the Nairobi Securities Exchange.
o Support the potential NIFC firms looking to list in Kenya on regulatory requirements, market entry, and raising of capital.
o Participate in the forums of regulators and policymakers aimed at the development of frameworks that promote growth and innovation in the capital markets.
o Conduct market research to increase the amount of data available to the public, informing them about trends, growth, and opportunities.
Green Finance & Capital Markets Department
o Support the development and implementation of a framework that will attract green finance firms within the NIFC.
o Support the alignment of NIFC framework to globally accepted sustainability standards.
o Support the designing of mechanisms for green financing and building a carbon credit exchange within the NIFC.
o Create and maintain a relevant stakeholder database to engage with in order to build a central marketplace for carbon credits to securitize carbon credits into digital tokens.
o Create and maintain a database of sustainable projects in Kenya, with a clear view of sustainability ambitions, and funding gaps.
o Research and draft incentives to support specific climate-related or environmental projects.
o Maintain a database of contacts of relevant regulators.
o Draft documentation for collaboration with other regulators to establish a framework that will encourage local and international investors and financiers to finance green and sustainable projects.
o Create and maintain a database that matches green investors with potential local projects.
o Support the development of a green taxonomy in Kenya, setting out projects that qualify as green to prevent greenwashing in the NIFC.
o Write and compile reports that set out policy recommendations, market development, and industry standards.
Fintech, Insurance & Banking Department
o Support the development of infrastructure and incentives that attract fintech, insurance, and banking firms to NIFC.
o Support the implementation of frameworks that encourage innovation across fintech, insurance, and banking sectors.
o Provide operational support to the Innovation Hub, ensuring that startups have access to regulatory guidance.
o Support collaboration with local and international partners to foster innovation across fintech, insurance, and banking sectors.
o Support efforts to provide funding to firms and individuals promoting innovations in fintech, insurance, and banking.
o Monitor regulations to ensure they remain up-to-date with international fintech, insurance, and banking trends.
o Support enhancement of cooperation within the fintech, insurance, and banking sectors via governance frameworks.
o Support the development of platforms that support collaboration and partnerships to aid firms in scaling up through infrastructure.
o Support stakeholder engagement to identify regulatory improvements for fintech, insurance, and banking.
o Provide support for promoting cross-border banking services, ensuring collaboration with international regulators.
o Support digital transformation projects for traditional banking by promoting new technologies.
o Provide administrative support for the regulatory sandbox for fintech, insurance, and banking start-ups.
o Conduct research to support the development of incentives aimed at attracting global insurance firms to the NIFC.
o Research and document initiatives that promote sustainable banking and insurance products in alignment with ESG standards.
o Analyze NIFC’s insurance frameworks, identify gaps with global regulatory standards, and prepare recommendations for alignments.
Private Equity & Venture Capital Department
o Support the formulation and implementation of the framework for defending existing and growing new investments into NIFC.
o Support the development of a controlled environment for private equities and venture capitals to test products and reduce time-to-market while potentially lowering costs.
o Research and draft proposals of tax incentives that may be designed to encourage investments into NIFC.
o Contribute to the development of frameworks for identification of NIFC qualified activities.
o Support the development of a framework for NIFC firms to offer cross-border investment services in regional markets.
o Build networks with regional and global Private Equity and Venture Capital funds to facilitate access to capital to NIFC start-ups.
Stakeholder Engagement and Services Department
o Support development of attractive programs for existing and emerging expat talent with knowledge in these areas.
o Create and maintain a database for all the service providers.
o Support development of strategies that facilitate skills matching between service providers and local start-ups.
o Support the development of a framework for engagement of the service providers.
o Research and propose incentives that attract specialized professional services providers for financial services.
o Support the development of strategies and initiatives for capacity building of skills to improve the quality of human capital.
o Provide support to the professional service firms through legal and regulatory guidance to investors, financial service firms, and start-ups.

Certification Department
o Support the development and regular review of the guidelines for certification.
o Review the application based on the guidelines and the prescribed criteria for certification.
o Participate in the strategic fit examination of firms seeking certification.
o Participate in the due diligence and screening of firms seeking certification.
o Contribute to recommendations for the certification of an applicant.
o Create and maintain a database of applications for certification and certified firms.
o Prepare NIFC certificates for issuance.
o Invoice application fees, certification fees, and renewal fees.
o Review and recommend renewal of certification for NIFC firms.
Monitoring & Quality Assurance Department
o Collect data on the compliance of NIFC-certified firms.
o Ensure that data is accurate and up-to-date, and report findings.
o Provide administrative support for enforcement activities and ensure that all enforcement actions are properly documented and followed through.
o Support coordination with financial sector regulators to track compliance. Gather and compile data for internal and external reporting.
o Provide administrative support in preparing recommendations for the suspension or withdrawal of certifications and ensure all required documentation is in place.
o Support implementation and monitoring of the quality management system. Ensure that quality initiatives are properly tracked and reported.
o Support the enterprise risk management process by helping to identify risks and document mitigation strategies.
o Maintain accurate records of the performance of management systems. Support senior team members in analyzing system performance and identifying areas for improvement.
o Provide administrative support for process re-engineering initiatives. Ensure that project timelines are met and that progress is documented.
o Support administrative tasks related to tax incentives for certified firms. Help in coordinating meetings with stakeholders and compiling data for reports.

Person Specifications
For appointment to this grade, an officer must have:
o Bachelor's degree in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science, or related field, or any other relevant qualification from a recognized institution.
o Professional qualifications in finance, economics, banking, accounting, business, law, actuarial science, statistics, mathematics, political science where applicable.
o Member of a recognized professional body e.g., ICIFA, CBI, ICPAK, LSK, ICS, or any other relevant professional body recognized in Kenya where applicable.
o At least four (4) years of relevant work experience.
o Supervisory course lasting not less than two (2) weeks.
o Proficiency certificate in Computer applications.
o Fulfilled the requirements of Chapter Six (6) of the Constitution of Kenya.

Key Competencies and Skills
o Advanced financial analysis and modelling.
o Sector-specific knowledge.
o Problem-solving and critical thinking.
o Communication and stakeholder engagement.
o Project management.
o Report and minute writing skills.
o Team player.

Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.

Applicants whose background and competencies match the above specifica8ons are invited to apply for the posi8ons by submiting a cover  addressed to:
Chief Executive Officer
Nairobi International Financial Centre Authority
The National Treasury Building
10th Floor, Room 1015
P. O Box 30007-00100

All Jobs

QUICK ALERT SUBSCRIPTION