Palladium Group Banking Specialist Jobs in Kenya

Palladium Group Banking Specialist Jobs in Kenya


The Palladium Group:

  • Palladium is the implementing organization behind KIM.

  • As a global leader in the design, development, and delivery of Positive Impact, Palladium creates enduring social and economic value.

  • We work with foundations, investors, governments, corporations, communities, and civil society to formulate strategies and implement solutions that generate lasting social, environmental, and financial benefits.

  • For the past 50 years, we have been making Positive Impact possible.

  • With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved—and is committed to continuing to improve—economies, societies and most importantly, people's lives.

    The National Treasury’s Credit Guarantee Scheme:

  • The Government of Kenya (GoK), through the National Treasury (NT) has established the Credit Guarantee Scheme (CGS) to enhance access to credit by providing a partial guarantee for loans advanced to Micro, Small and Medium Enterprises (MSMEs).

  • This is in line with the recently enacted Public Finance Management (Amendment) (No 2) Bill, 2020 (August 3 2020) and publication of the Public Finance Management (Credit Guarantee Scheme) Regulations, 2020 (October 13th, 2020).

  • There are over 7.4 million MSMEs in Kenya contributing close to 40% of GDP. Despite the central role played by these MSMEs, they face several constraints to growth including access to credit from financial institutions due to perceived high risk.

  • These constraints have been exacerbated by the COVID-19 pandemic, which has had a disproportionately large impact on the MSMEs due to supply chain disruptions and reduced market opportunities.

  • The NT provides guidance on the operationalization of the Scheme and ensures its prudent management, maintaining oversight of the CGS through a Steering Committee.

  • The NT continues to engage other stakeholders and partners to provide additional funding, as demand increases.

  • The CGS is expected to submit reports to the Cabinet Secretary of the NT on a regular basis on the progress in the implementation of the Scheme.

    Objectives

  • KIM wishes to support the National Treasury to implement a successful credit guarantee scheme for MSMEs in Kenya.

  • This SOW seeks technical assistance (TA) by a banking specialist with extensive Kenyan experience to support the establishment and operation of the scheme on a part-time basis initially for 45 days starting on/around June 2021.

  • This SOW represents Phase I of the assignment. It is anticipated that Phase II will involve a one- to one-and-a-half-year full-time secondment to the NT.

    Tasks

  • Provide relationship management services for the existing portfolio of financial institutions during CGS start-up to ensure that institutions meet CGS requirements in key areas: target group, claims management, credit, and operational risk.

  • Support the development of internal operating manuals for the CGS under guidance from the International Credit Guarantee Advisor. Key manuals to be developed in this phase of the assignment are the wholesale risk management framework, the credit risk management framework and PFI selection criteria and operations manual.

  • Support the International Credit Guarantee
    Advisor to train internal CGS Unit staff on the frameworks.

  • Support the CGS Unit to develop a technical assistance plan for participating financial institutions.

    Deliverables

  • Inception Report and revised/contextualized workplan for this assignment.

  • Monthly progress report on each participating financial institution to cover key areas:

  • Wholesale risk management framework established.

  • Credit risk management system and selection criteria for PFIs established.

  • Operations policy manual established.

  • Training materials on wholesale and credit risk policies developed; training delivered to internal staff.

  • Development of technical assistance plan for participating financial institutions and Scopes of Work for consultants to assist with implementing the TA.

    Deliverables Acceptance Criteria:

  • Deliverables will be subject to review, revision, and final approval by the National Treasury Scheme Manager and KIM Chief of Party or his designee.

    Required Qualifications and Experience.

    • A bachelors’ degree in business / finance / economics or related field; Master’s degree is an added advantage.

    • At least 10 years’ experience in banking, MSME finance, research, and product development.

    • Experience lending to a variety of sectors in the Kenyan economy with knowledge of product development/design.

    • Experience in financial institution operations, credit policies, risk, and relationship management.

    • Understanding or experience with Credit Guarantee Schemes.

    • Knowledge of financial reporting/analysis internally and to the Central Bank.

    • Strategic thinker with strong business judgement and analytical problem-solving abilities.

    • Demonstrated experience in identifying technical assistance needs, developing terms of reference and work plans, and supervising highly technical short-term engagements; and

    • Demonstrated experience in identifying partner’s needs and developing appropriate solutions while maintaining effective working relationship with national and international stakeholders.

    Level of Effort and Timing

  • The consultancy is expected to commence o/a June 01, 2021 and be completed o/a August 31, 2021.

  • The level of effort to complete this consultancy is 45 working days across three calendar months.

  • This SOW represents Phase I of the assignment. It is anticipated that Phase II will involve a one- to one-and-a-half-year full-time secondment to the NT.

    Reporting

    • The Consultant will report directly to the National Treasury – Scheme Manager who will approve all outputs based on an agreed workplan.

    • The frequency of the reporting to KIM as the contracting entity for this entity will be based on the agreed deliverables timelines/workplan.

    How to Apply

  • Interested qualified individual consultants are encouraged to submit their proposals to:

  • us.kimprocurement@thepalladiumgroup.com with reference “Banking Specialist”. To be considered, your proposal must be received by 14 May 2021, at 23:59 hours, EAT (UTC +3).



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