Kenya institute of Bankers

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ANNOUNCEMENTS

 

 

Welcome to KENYA INSTITUTE OF BANKERS PDF Print E-mail

 

MISSION

To promote best practice in the acquisition of professional banking education and training in Kenya, to ensure members are continuously equipped with the necessary skills and competencies and are ethically compliant in discharging their duties.

VISION

To be the first choice for every bank/financial institution in the acquisition of Banking Education and Training in Kenya.

THE KENYA INSTITUTE OF BANKERS - PROFILE

The Kenya Institute of Bankers was established in 1979 as the Training and Examining Body for the Banking and Finance Industry in Kenya. The Institute is currently registered under the societies Act (Cap 108 of the Laws of Kenya).


 

The Institute is affiliated to the Banking & Finance Industry through Corporate and Individual memberships of the various banks and non–bank Financial Institutions and staff working within these institutions.

As a Professional Body affiliated to the Banking and Finance Industry, the Institute’s primary role is to support the banking and finance sector by promoting Acceptable Banking Standards through a process of certifying professional banking education, training, consultancy/counseling, code of conduct and compulsory continuing professional development programmes.

 


The Overall Responsibility of the Institute is to;

(i) Produce relevantly–educated and trained career staff for the financial sector.

(ii) Cater for students with a wide range of abilities and backgrounds.

(iii) Provide Professional Qualifications and Skills Upgrading Training Programmes which enjoy wide recognition and acceptance throughout the Financial Services Sector.

(iv) Retain and sustain continued support by Employers – Banks/Financial Institutions. Be perceived by all staff/students/members to be fair and worthwhile.

(v) Allow ambitious, high quality staff to acquire high qualifications.

(vi) Provide broad based, educational programmes for those preparingfor

management in the industry.

1. Accruing Benefits (Value Proposition) to both the Corporate

Institutions (Banks & Financial Institutions) and their Staff/Employees;

The Professional Services and Programmes extended to the Banking

Sector through the institute are aimed to achieve the following objectives;

a. Corporate Members/Employers/Banks and Financial

Institutions

(i) To assist Banks/Financial Institutions/Employers recruit competent, qualified and professional people with the right attitudes and skills.

(ii) To enable Employers place people in the right jobs/functions/positions by benchmarking professional qualification, skills and experience with specific job requirements.

(iii) To assist Employers design promotional criteria for various cadres of staff, thereby providing career progression in the organization. By benchmarking promotion criteria on Professional Qualifications, this provides respective staff with a clear direction on what they are expected to do in order to earn promotion. It encourages commitment and confidence by staff in their work and Loyalty to their employer.

(iv) Professional qualifications and continuous training guarantees tremendous improvement in the quality of staff, which translates directly into Better Customer Care and Profitability for the organization.

(v) Training and Professional Programmes from the Institute should enable Employers to identify the necessary gaps in skills/attitudes/knowledge in their employees and prepare them for further education and training.

b. Employees/Staff/Individuals serving in the Banking and Finance Sector (also Prospective Employees).

(i) To acquire knowledge, skills and attitudes necessary to serve competently in the banking and financial services sector.

(ii) To gain easy access to Education and Professional Qualifications in Banking/Financial Services before or while in employment.

(iii) Have director access to personal improvement in skills and knowledge.

(iv) To be a positive change agent by contributing to the Productivity and Growth of the Organization (Your Employer)

(v) To better One’s career prospects and promotion.

(vi) To be well prepared for future vacancies and senior management position within or outside of your organization.

(vii) To learn to be a Loyal, Committed and Trustworthy employee and take pride in Your Job.

(viii) To learn to managing better and being a better manager.

(ix) To keep abreast of changes and emerging developments in both the domestic and international banking sectors.

(x) Have access to continuous Professional Development Programmes and further networking through Domestic, Regional and International Banking conferences/Forums, Workshops.

c. Banks/Financial Services Customers benefit through;

(i) Better and Quality Products and Services.

(ii) Have access to Professional and World Class Business Advisory Services.

(iii) Have absolute confidence in their banks/financial services providers, knowing that those they deal with have the skills, attitudes and competences to protect their savings/investments.

d. The Government, Entire Country and General Public

(i) A Stable, Efficient, Reliable and well managed Financial System.

(ii) A Professionally Managed Banking Sector through a well educated, trained and competent workforce, with high Professional Standards and better professional image.

(iii) Access to Good Customer Service, better banking Standards and increased confidence and regard by the General Public in a well managed and Professional Industry.

 

2. The following programmes constitute the Institute’s major Professional, Education and Training Services for the banking and finance sector;

A. Setting and certifying Professional Qualifications in Financial Services;

The Institute’s professional examinations are conducted in two stages/levels;

Stage I - has eight subjects leading to a “Certificate in Banking and Financial Services” (CBFS).

· Elements/Principles of Banking.

· Economics.

· Business Communication.

· Business Calculations.

· Accounting.

· Marketing and Customer Service.

· Foreign Exchange and International Trade.

· Introduction to Law Relating to Banking & Finance.

The Certificate in Banking and Financial Services (CBFS) is the first stage in the Institute’s qualifications and is intended to provide a strong foundation in Banking and Financial Services. This level is targeting new entrants in the banking industry who may be lacking basic knowledge in banking and finance matters. The certificate should also be the basic requirement for hiring staff at clerical and/or supervisory levels in a bank or financial institution.

For those already employed but lack any qualification, the Certificate should be the basis for promotion to senior clerical and/or supervisory positions. On the other hand, the Certificate should serve as the starting point for an advanced or professional qualification in banking for those who cannot be granted exemptions or do not possess a University Degree or equivalent qualification.

To qualify for the attainment of Certificate in Banking and Financial Services, one must be examined in the above eight subjects, which are considered essential in laying a strong foundation in Banking and Financial Services.

Stage II - has nine subjects leading to the “Associate (Diploma) of the Kenya Institute of Bankers.” AKIB

Core Subjects;

· Financial Analysis

· The Monetary & Financial System

· Management & Organization.

· Law and Practice Relating to Banking & Finance.

· Strategic Marketing Management.

· Lending.

· International Trade Finance.

Plus a choice of two from the following optional subjects.

· Financial Management

· Law & Practice for Mortgage Lenders.

· Insurance.

· Investments.

· Management of Information Technology.

· Taxation.

To qualify for the award of “Associate of Kenya Institute of Bankers“, designatory letters “AKIB”, one must be examined and obtain passes in nine subjects, consisting of seven core, which are considered essential for every practicing banker and two options.

The Associateship qualification provides a person who has chosen banking as a career a strong foundation for further advancement. It is a favorable starting point for promotion into general management and subsequently to senior management.

An Associate holder will be well equipped to serve in management positions within the banking and finance industry such as Commercial Banking Operations, Branch Management, Foreign Exchange and Treasury Management, Corporate Banking, Mortgages, Electronic Data Processing and other specialized units within a bank or any Financial Services organization.

B. Banking skills Upgrading Training

The Banking Skills upgrading Training was developed with the support of both KBA and DIT to address the Technical and Behavioral areas of Personnel serving in the banking and financial services sector. This Training is Job related and highly suitable for those already in employment. Those who complete the Training after Module III will be granted substantial Exemption Credits for admissions as Qualified Bankers under the Associateship Qualification in (A) above. The Training is also examinable and certifiable by the Kenya Institute of Bankers and all costs related to this training are fully reimbursable under the Training Levy Fund by DIT. The Curriculum is structured into three Progressional Levels (modules) and will be facilitated through E-learning Platform;

Module I - Targeting clerical cadre staff in banks and

Financial Institutions.

· Basic Banking - 40 Hrs

· Domestic Banking Operations - 40 Hrs

· International Banking Operations - 40 Hrs

· Cashiers Course - 40 Hrs

· Basic Information CommunicationsTechnology - 40 Hrs

· Basic Credit Management - 60 Hrs

· Office Administration and Customer Care - 30 Hrs

· Basic Insurance - 40 Hrs

· Introduction to Accounting - 30 Hrs

· Introduction to Entrepreneurship - 40 Hrs

TOTAL - 400 Hrs

Module II - Targeting Supervisory Cadre Staff in Banks

andFinancial Institutions

· Domestic Banking Operations - 60 Hrs

· International Banking Operations - 40 Hrs

· Law and Practice of Banking Operations - 60 Hrs

· Intermediate Credit Management - 70 Hrs

· Intermediate Information Technology - 50 Hrs

· Marketing Management - 60 Hrs

· Management Accounting - 30 Hrs

· Integrated Accounting - 30 Hrs

· Intermediate Insurance - 50 Hrs

· Intermediate Entrepreneurship - 40 Hrs

TOTAL - 490 Hrs

Module III - Targeting Middle Level Management Staff in

Banksand Financial Institutions

· Treasury Management - 60 Hrs

· Practice of Banking Securities - 60 Hrs

· International Trade Finance - 60 Hrs

· Audit Inspection and Prevention of Frauds - 40 Hrs

· Financial Analysis Seminar - 40 Hrs

· Integrated Management - 60 Hrs

· Advanced Insurance - 60 Hrs

· Advanced Entrepreneurship - 60 Hrs

· Advanced Credit Management - 40 Hrs

· Strategic Marketing - 60 Hrs

· Advanced Information Technology - 60 Hrs

TOTAL - 600 Hrs

C. Training and Consultancy Services;

Apart from examining and certifying Professional Qualifications in Banking/Financial Services, the Institute undertakes a broad range of Short Courses and services for the banking sector. These courses are provided both as open forums or in-house, directly to banks/financialinstitutions on request. The short courses (3 to 5 days) cover the entire spectrum of banking operations and specific job functions or roles in banks/financial institutions, e.g.;

· All banking operations – including branch operations and control.

· Retail banking.

· Audit and inspection.

· Management, including Branch Management, Relationship Management, and HR, etc.

· Strategic Marketing, Selling, Negotiation and Customer Service.

· All areas of Credit and Risk Management.

· Asset & Liability Management.

· Bank Security Management.

· Prevention and Detection of Frauds, Forgeries and Defalcations.

· Trans-National Money Laundering Risks.

· ICT

· Micro-Finance Banking.

· SME Financing.

The Institute also carries out (on request) various consultancy services for the banking sector, notably in the areas of;

· Performance Management Systems,

· Job Evaluation.

· Skills Auditing.

· Development of Bank Procedure Manuals, HR Policies, Staff training and development procedures etc.

· Sourcing for staff needs.

· Aptitude and Psychometric testing, etc.

3. Code of Ethics and Banking Practice

The Institute’s has published a “Code of Ethics and Code of Banking

Practice” for its corporate members and staff serving in the Financial Services sector to ensure that Acceptable Standards of Professional conduct and performance are observed and enforced within the banking sector.

4. Publications

The Institute’s Magazine – The Kenyan Banker – is published quarterly and circulated freely to all member institutions, to update members on the activities/programmes of the Institute and to encourage readership and information exchanges in both domestic and international bankingdevelopments.

5. Social – Cultural Activities and other interactive Forums.

The Institute promotes interaction within the banking sector through Inter-cultural and social activities, such as inter-bank essay and quiz competition, inter-bank sports competition and Annual Dinners,cocktails and talks. This further promotes learning through social interaction and networking.

6. Management

As per the current by-laws and constitution, the overall management of the Institute is vested in the Council, drawn entirely from the banking sector and appointed annually at the Annual General Meeting (AGM). The Patron is Governor, Central Bank of Kenya. This type of representation ensures that the Institute carries out its mandated in line with Industry needs and trends.

BOARD/COUNCIL

Patron

Prof. NjugunaNdung’u

Governor – Central Bank of Kenya

COUNCIL OF THE INSTITUTE

Chairman

Mr. R. Mbindu

Director, HR

Equity Bank

Dep. Chairman

Mrs. I.W. Kamau

Assistant General Manager,

Commercial Bank of Africa [CBA]

Hon. Member

Prof. KinanduMuragu

Executive Director, KSMS

C/O Central Bank of Kenya

Hon. Member

Mr. Rodgers L. Mungumi

Chief Manager, Manpower Planning & Development

Co-operative Bank of Kenya

Hon. Member

Mr. Sylvester L. J. Obuon

Head – Retail Banking

Kenya Post Office Savings Bank

Hon. Member

Ms. Lillian Ngala

Regional HR, Manager

Diamond Trust Bank (K) Ltd

Hon. Member

Ms. G. Musau

HR Director, Barclays Bank (K) Ltd

Hon. Member

Ms. P. Ndonga

Head HR, I & M Bank

Hon. Member

Ms. F. Nyokabi

Area Director, HR Standard Chartered Bank (K) Ltd

Secretary

Mr. S.N. Anjichi

CEO/Secretary

Kenya Institute of Bankers

MANAGEMENT TEAM

The Institute’s Management Team is led by the following key staff;

1. Mr. Stephen N. Anjichi, FKIB

Executive Director/Secretary

2. Mr. G. A. Om’mbongo

Ag. Senior Registrar – Examinations and Qualifications

3. Mr. Simon Guchu, ACIB – Head of Training and Consultancy

4. Mr. Immanuel M. Okutoyi – Chief Accountant

CORPORATE MEMBERS

The following Institutions/Banks are currently Corporate Members of the Institute and pay an annual subscription.

1.

African Banking Corporation

25.

Gulf African Commercial Bank Ltd

2.

Bank of Africa Ltd.

26.

Giro Commercial Bank

3.

Bank of Baroda

27.

Guardian Bank Limited

4.

Bank of India

28.

Habib Bank A.G. Zurich

5.

Barclays Bank of Kenya

29.

Habib Bank Limited

6.

Central Bank of Kenya

30.

Housing Finance

7.

CFC Stanbic Bank Limited

31.

IDB Capital Ltd

8.

Chase Bank Kenya Ltd.

32.

Imperial Bank Limited

9.

Citibank N.A.

33.

Investment and Mortgages Bank

10.

Jamii Bora Bank Ltd.

34.

Kenya Commercial Bank

11.

Commercial Bank of Africa

35.

Kenya Post Office Savings Bank

12.

Consolidated Bank of Kenya

36.

K-Rep Bank Ltd.

13.

Co-operative Bank of Kenya

37.

Middle East Bank (K)

14.

Credit Bank Ltd

38.

National Bank

15.

Development Bank of Kenya

39.

National Industrial Credit Bank

16.

Diamond Trust Bank

40.

Oriental Commercial Bank Ltd

17.

Dubai Bank

41.

Prime Bank Ltd.

18.

Eco Bank Ltd.

42.

Standard Chartered Bank

19.

Equatorial Commercial Bank

43.

Trans-National Bank

20.

Family Bank Ltd.

44.

Victoria Commercial Bank

22.

Equity Bank Ltd

46

Paramount Bank Ltd

23.

Fidelity Commercial Bank Ltd

47.

PTA Bank

24.

First Community Bank Ltd.

48

UBA Bank (Kenya) Ltd.

 

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