Posted:1 hour ago
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking. Started in 1974, it evolved from a community financial institution to a publicly listed major regional commercial bank offering a full range of corporate and retail banking services, 35 branches in Kenya and international operations in 3 other countries. I&M Bank is a dominant player in the Kenyan market that has been consistently growing, and is innovative in terms of the type and range of products and services it offers. CDC Group plc, a development finance institution wholly owned by the government of the United Kingdom owns approximately 10.68% of I&M Holdings, the holding company of I&M Bank Ltd. In addition, I&M Bank has a technical support agreement with International Finance Corporation for staff training, product development and risk management. I&M Bank also enjoys medium term foreign currency credit facilities from European Development Financial Institutions - Proparco, DEG and FMO. I&M Bankโs international correspondent banks include major multinational banks such as Bank One Ltd, Citibank NA, CommerzBank AG, Deutsche Bank AG, ICICI Limited Mumbai, Mashreq Bank PLC, Standard Bank of South Africa and Standard Chartered Bank NY. I&M Bankโs international network includes Bank One Limited (Mauritius), I&M Bank Tanzania Limited and I&M Bank Rwanda Specialties Banking Services, Commercial Banking, Asset Finance, Mobile Banking, Internet Banking, Investment Management Services, Diaspora Banking, Credit / Debit / Prepaid cards, Wealth Management
Job Description
Job Purpose.
Lead, optimize, and automate reconciliation processes across the bank to ensure accuracy, efficiency, compliance, and operational resilience. Manage the reconciliation system, resolve exceptions, and drive digital transformation to minimize risk, enhance financial integrity, and standardize practices across regions through effective stakeholder collaboration and governance.
Key Responsibilities
Reconciliation Process Automation & Digitization
- Develop and implement automation strategies using advanced tools (Power BI, SQL, Power Query, VBA, RPA solutions, Python, Artificial Intelligence)
- Lead initiatives to digitize manual reconciliation processes for scalability and efficiency.
- Champion emerging technologies to enhance reconciliation accuracy and turnaround times
Reconciliation Governance & Oversight
- Ensure timely and accurate completion of assigned reconciliations across
- Establish robust exception management frameworks to minimize unresolved items.
- Monitor compliance with internal policies and regulatory requirements.
Technology & System Management
- Oversee reconciliation system performance, troubleshoot issues, and liaise with vendors for enhancements.
- Drive system upgrades and integration with digital platforms for seamless operations.
- Ensure data integrity and security within reconciliation systems.
Leadership & Stakeholder Engagement
- Manage and mentor multi-country reconciliation teams; set KPIs and conduct performance reviews.
- Collaborate with Finance, Operations, ICT, Risk, and Audit teams to align reconciliation strategies with business objectives.
- Build strong vendor relationships to ensure cost-effective service delivery.
Reporting & Business Intelligence
- Deliver advanced analytics and dashboards using Power BI for strategic decision-making.
- Provide insights on cost optimization and operational efficiency improvements.
- Prepare monthly MIS and executive reports highlighting trends and risk indicators.
Risk Management & Business Continuity
- Identify and mitigate operational risks related to reconciliation processes.
- Develop and implement contingency plans to ensure uninterrupted operations during system downtimes.
Qualifications & Experience
- Education: Information Technology, bachelor’s degree in finance, Accounting, Business Administration, or Economics.
- Preferred: Professional certifications Business Analytics, RPA or Data Analytics certifications.
- Experience: Minimum 3 years in banking/financial operations with at least 5 years in managerial roles focusing on automation, digitization, and reconciliation governance.
Technical Skills
- Process Automation (RPA, VBA, Power Query)
- Advanced Microsoft Excel and Power BI
- SQL and RDMS applications
- Data Analytics & Business Intelligence
- Reconciliation Systems Expertise
- Banking & Financial Operations Knowledge
- Risk & Compliance Management
Behavioral Competencies
- Strategic Thinking & Decision-Making
- Leadership & Team Development
- Analytical & Problem-Solving Skills
- Communication & Stakeholder Management
- Customer Centricity
- Time Management & Multitasking
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time
