The Public Service Commission (PSC) has shortlisted candidates to fill the position of Deputy Governor of the Central Bank of Kenya (CBK).
PSC in a notice listed six candidates who have been selected as nominees for the CBK deputy governor position following applications for the post which was advertised in March 2023.
“Pursuant to the provisions of Sections 138 of the Central Bank of Kenya Act, the Public Service Commission invited applications from suitably qualified persons for the position of Deputy Governor of the Central Bank of Kenya in the print media and Commission’s website on 30th March 2023,” the notice reads.
Among those on the list include Higher Education Loans Board (HELB) Chief Executive Officer Charles Mutuma Ringera, and the former Chief Executive Officer of the Kenya Bankers Association CEO Dr. Habil Okunda Olaka.
Others include Prof. Dulacha Galgallo Barako, Gerald Nyaoma Arita, Jane Wangui Kirigai, and Dr. Florence Koki Kinyanzui.
They will appear before the Public Service Commission for interviews on October 3.
HELB CEO Charles Ringera is a seasoned banker with over 20 years’ practical banking experience that cuts across all facets of central and commercial banking.
Charles Ringera among CBK deputy governor nominees
He formerly worked as a regulator with CBK in various capacities, as a bank examiner, Kisumu Branch, Finance, Audit and National Debt.
Ringera moved to Co-operative Bank in 2004 initially as Senior Credit Risk Analyst before being deployed to Enterprise-wide Risk Management as a senior manager to lay foundation for Risk management for the bank as per the Central Bank’s Risk Management Guidelines and Basel II Accord.
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In 2006, he moved to KCB Group where he headed the Group Operational Risk and Compliance supporting – Kenya, Tanzania, Southern Sudan, Uganda, Rwanda and Burundi.
Charles holds Bachelor’s of Science in Applied Accounting and an MBA in strategic management. He is a professional accountant holding a CPA (K) and a Fellow of Association of Certified Chartered Accountants, FCCA.
The CBK deputy governor nominee also holds an Advanced Diploma in Risk Management in Banking/Finance by KPMG Sweden
On the other hand, Dr. Habil Olaka is the former Kenya Bankers Association CEO, a position he assumed in October 2010.
Previously, he was the Director of Operations of the East Africa Development Bank (EADB) and also member of the senior management team in charge of the credit operations and business development of the bank.
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Before joining the bank, he had been with Banque Indesosuez now Bank of Africa for four years as the Internal Auditor, having started his career at the Price Water House Coopers Nairobi in the audit and business advisory division.
Habil Olaka at KBA
During his stint at KBA, he sat on a number of boards representing the KBA that include Kenya School of Monetary Studies, HELB among others.
He holds a first-class honors BSc Degree in Electrical Engineering from the University of Nairobi (UoN) and an MBA in Finance from the Manchester Business School in the United Kingdom.
Also, he holds a Doctor of Business Administration degree from the United States International University, is an alumnus of Strathmore School of Accountancy, and a member of both ICPAK and CFA.
The successful nominee for the CBK deputy governor position will join Dr. Susan Koech as the second assistant to governor Dr. Kamau Thugge.
The Central Bank of Kenya Act, Cap 491 states that there shall be two deputy governors who should be appointed by the President through a transparent and competitive process and with the approval of Parliament.
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