MGR M-Pesa Treasury (Trust)

Job Description

Role purpose

To manage and control M-Pesa Trust accounts by ensuring that all electronic money (e-money) movements are fully backed by bank balances, that trust funds are protected, reconciled, accurately reported, and compliant with internal policies and Central Bank regulations, while mitigating financial, operational, and regulatory risks.

Key accountabilities and decision ownership

• Manage and oversee all M-Pesa Trust bank accounts, ensuring full alignment between e-money control accounts and corresponding trust bank balances.
• Monitor CPR limits, trust funding levels, and partner balances to ensure regulatory compliance and liquidity adequacy.
• Monitor CPR limits, trust funding levels, and partner balances to ensure regulatory compliance and liquidity adequacy.
• Prepare and submit required Trust and Central Bank (BCC) reports, ensuring accuracy, completeness, and timeliness
• Maintain active access and reporting oversight through the Central Bank (BCC) reporting portal.
• Manage trust account flows in G2 system and ensure correct posting and mapping of trust transactions.
• Ensure correct accounting treatment of all trust operations in line with IFRS, OHADA, and regulatory standards.
• Perform daily, weekly, and monthly reconciliation between trust bank statements and e-money control accounts.
• Investigate and resolve any discrepancies between Trust bank movements and M-Pesa system records.
• Support internal and external audits related to Trust governance, AML, and e-money regulations.
• Implement and strengthen internal controls around trust fund movements to mitigate fraud, leakage, or regulatory breaches.

Job Related Skill

• Strong knowledge of Trust accounting and e-money regulations
• Advanced reconciliation and analytical skills
• Risk management and internal control implementation
• Strong communication and stakeholder coordination skills
• High attention to detail and compliance orientation

Job Knowledge

• Deep understanding of M-Pesa Trust structures and regulations
• Strong knowledge of Central Bank (BCC) requirements
• Proficiency in G2 systems and bank reporting structures
• Advanced Microsoft Excel and financial analysis skills
• Knowledge of Vodacom / Vodafone treasury standards

Job Experience

• Minimum 5–10 years in Treasury, Trust, or Financial Control roles
• Experience in mobile money, banking or fintech environment preferred
• Strong background in reconciliations, trust management, and reporting
• Proven exposure to audits and regulatory engagements
• Proven experience in managing liquidity, banking facilities, and cash-flow forecasting.
• Experience with foreign exchange exposure management and reporting.
• Prior involvement in digital treasury transformation or ERP migration is an advantage.
• Strong track record of stakeholder collaboration and risk mitigation in a complex multi-bank environment.

Must have technical / professional qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Professional certification (ACT, CFA, CIMA, or ACCA) is an advantage.