Compare your salary
logo

Salaries in the category

Banking

The salary range for people working in Kenya in Banking is typically from 44,487 KES (minimum salary) to 228,515 KES (highest average, actual maximum salary is higher).

This is the total monthly salary including bonuses. Salaries can vary drastically among different job positions. If you are interested in the salary of a particular job, please choose it from the list.

Gross salary in category Banking
Salaries may vary by position, the value given is indicative.
80% of people earn:
44K - 229K KES
10% earn less lthan 44K KES
10% earns more than 229K KES
Compare your salary

Salaries in the survey are expressed in gross.

Based on the Kenya.paylab.com salary survey, 80% of people in the Banking category in the Kenya earn between 44,487 KES and 228,515 KES monthly gross.

10% of employees earn less than 44,487 KES and 10% of people earn more than 228,515 KES.

The survey is based on data from employees, cleaned of extreme and duplicate values.

For companies – be confident when making decisions about salaries

Set the salaries of your employees fairly. A detailed salary report will help you to do this. You will always have relevant salary data to hand.
Try the Salary Tool for free

List of positions in the Banking category and their job descriptions

Job position
Description of job position
Market range
Account Manager
  • Develop and maintain strong relationships with clients to understand their financial needs and objectives.
  • Serve as the primary point of contact for clients, addressing inquiries and providing tailored solutions.
  • Collaborate with internal teams to deliver exceptional service and support to clients.
  • Analyze client portfolios and recommend appropriate banking products and services to enhance their financial growth.
  • Monitor client accounts to ensure compliance with banking regulations and policies.
  • Prepare and present financial reports and performance reviews to clients, highlighting key metrics and trends.
  • Identify opportunities for cross-selling and upselling banking services to existing clients.
  • Conduct regular follow-ups to ensure client satisfaction and retention.
  • Stay updated on industry trends and market developments to provide informed advice to clients.
  • Participate in networking events and client meetings to expand the client base and enhance the bank's visibility.
48,293 - 124,520 KES
Anti-Money Laundering Specialist
  • Implementation, enforcement and control of money laundering and / or terrorist financing prevention measures in the company;
  • Checking new customers, reviewing documents, risk analysis of new customers;
  • Monitoring of existing customers according to established procedures;
  • Monitoring of suspicious transactions, customer activities, collection and analysis of data on such transactions, investigation of suspicious transactions;
  • Organization of the company's internal legal acts related to KYC, AML, customer risk, compliance control, organization of their change and renewal.
40,208 - 106,975 KES
Back Office Specialist
  • Processing of all types of client requests.
  • Entering and updating the information in the bank information system.
  • Drawing up and processing of contracts and contract amendments for individual banking products.
  • Archiving documents in compliance with the internal regulations.
  • Mastering internal regulations, general business terms and conditions, and business conditions for individual banking products.
  • Communicating with internal and external clients.
37,160 - 99,568 KES
Branch Director
  • Overseeing the daily operations of the branch to ensure efficient service delivery.
  • Leading and managing branch staff, providing guidance and support to enhance performance.
  • Developing and implementing strategies to achieve branch sales targets and enhance customer satisfaction.
  • Ensuring compliance with banking regulations and internal policies to mitigate risks.
  • Building and maintaining relationships with clients, addressing their needs and resolving issues.
  • Monitoring financial performance and preparing reports for senior management.
  • Conducting training and development programs for staff to improve skills and knowledge.
  • Collaborating with other departments to promote products and services effectively.
  • Managing branch budgets and controlling operational costs to optimize profitability.
  • Participating in community engagement initiatives to promote the bank’s presence and reputation.
53,980 - 172,958 KES
Card Services Clerk
  • Processing applications for the issuance of credit and debit cards.
  • Communicating with companies issuing credit cards and bank branches.
  • Participating in the creation and updating of internal regulations.
  • Cooperating with project managers on new projects.
  • Solving complaints.
  • Assessing the suitability of motives on credit cards in your own design.
35,863 - 94,431 KES
Cashier
  • Processing customer transactions accurately and efficiently.
  • Handling cash, credit, and debit transactions while maintaining a balanced cash drawer.
  • Providing excellent customer service by addressing inquiries and resolving issues promptly.
  • Assisting customers with account-related questions and transactions.
  • Ensuring compliance with banking policies and procedures to mitigate risk.
  • Maintaining the confidentiality of customer information and transactions.
  • Performing routine audits of cash and transactions to ensure accuracy.
  • Collaborating with team members to achieve branch goals and improve customer satisfaction.
  • Participating in training and development programs to enhance product knowledge and service skills.
  • Keeping the cashier area organized and ensuring a clean and professional environment.
  • Reporting any discrepancies or irregularities to the branch manager.
  • Promoting bank products and services to customers to enhance their banking experience.
28,212 - 66,028 KES
Claims Administrator
  • Recovering overdue receivables from the customers of a leasing company.
  • Registering and controlling overdue receivables.
  • Processing and sending written and e-mail reminders.
  • Communicating with debtors and other departments within the company.
  • Planning repayment schedules in the event of the insolvency of debtors.
  • Registering and checking payments in the system.
  • Preparing materials for the legal department.
35,137 - 89,752 KES
Client officer
  • Active sale of bank products and of services to retail clients.
  • Opening and closing of bank accounts.
  • Realization of domestic and international wire transfers.
  • Accepting and issuing of cash in domestic and foreign currency.
  • Providing clients with counseling and information.
  • Carrying out administrative tasks connected with the provided services.
  • Fulfilling of the set business and acquisition plans.
31,053 - 83,590 KES
Compliance Specialist
  • Assessing the legality of the bank's entrepreneurial activity.
  • Monitoring the legislative standards and requirements of organs of supervision that are valid in the place of the bank's activity.
  • Identifying the risks in the legislation and/or internal procedures.
  • Point out the potential risks to the superiors.
52,935 - 139,540 KES
Custody Specialist
  • Securing the administration and custody of securities for clients.
  • Keeping clients informed about corporate shares concerning the administrated securities.
  • Carrying out operations with securities on the basis of clients' orders.
  • Calculation and control of the current value of securities in the administration of the bank.
  • Paying returns from securities.
  • Representing clients and their interests at general assemblies.
Dealer/Trader
  • Purchase, keeping and sale of securities, commodities and foreign currencies in the currency of the clients and/or on the account of the bank.
  • Monitoring and verifying prices of the financial tools at the security exchange.
  • Following and analyzing the development on financial markets.
  • Exchanging information with colleagues and clients.
  • Preparing financial reports.
41,962 - 108,521 KES
Department Manager
  • Ensuring the smooth running of the department within the company.
  • Managing, coordinating, motivating and evaluating subordinate staff.
  • Training of new recruits.
  • Finding and proposing trainings and courses for subordinate employees.
  • Checking the attendance of subordinate employees.
  • Solving non-standard situations at the workplace.
  • Participation in the selection and dismissal of employees.
  • Preparing weekly and monthly reports.
46,602 - 220,436 KES
Financial Advisor
  • Providing personalized financial advice to clients based on their individual financial situations and goals.
  • Analyzing clients' financial information to develop tailored investment strategies and plans.
  • Educating clients on various financial products and services, including investments, insurance, and retirement planning.
  • Monitoring clients' portfolios and making recommendations for adjustments as needed to optimize performance.
  • Building and maintaining strong relationships with clients to ensure high levels of satisfaction and trust.
  • Staying up-to-date with market trends, economic developments, and changes in financial regulations to provide informed advice.
  • Preparing and presenting financial plans and reports to clients in a clear and understandable manner.
  • Collaborating with other financial professionals, such as accountants and tax advisors, to provide comprehensive services.
  • Conducting regular reviews with clients to assess their financial goals and progress.
  • Actively seeking new clients through networking, referrals, and marketing efforts to grow the business.
41,379 - 104,456 KES
Financial Analyst
  • Preparing regular and ad hoc financial analysis.
  • Preparing statistics.
  • Developing weekly and monthly reports.
  • Taking part in developing financial plans.
  • Taking part in developing and improving controlling mechanisms.
  • Communicating with the high management members of the company and other departments.
53,273 - 138,849 KES
Internal Auditor
  • Drafting comprehensive plans and programs of audits.
  • Performing audit activities at the company’s headquarters and branches.
  • Checking compliance with internal regulations and the legislation.
  • Reviewing business and operational activities of organisations.
  • Processing audit outputs in the form of reports.
  • Making recommendations and monitoring the removal of any identified deficiencies.
  • Providing advice and consultancy within the scope of the auditor’s competence.
50,262 - 144,005 KES
Loan Specialist
  • Providing advice connected to consumer, mortgage, and commercial loans.
  • Evaluating client creditworthiness pursuant to the lending policy at the financial institution.
  • Concluding loan contracts on behalf of the financial institution.
  • Checking the payment of instalments and the fulfilment of conditions agreed in the loan agreement.
  • Adjusting deadlines and monthly instalments, loan maturity, etc. in the event that a client is temporarily unable to make payments.
  • Contacting competing financial institutions with proposals for co-financing higher-cost investment projects.
  • Cooperating with executors and external companies that deal with the collection of receivables.
41,035 - 102,649 KES
Mortgage Specialist
  • Providing advice to clients regarding mortgage products and services.
  • Communicating with real estate agencies, building investors, authorities and other entities.
  • Acquiring potential clients.
  • Processing and assessing customers’ requests for mortgage loans.
  • Performing administrative tasks associated with the provision of mortgage loans.
  • Concluding mortgage loan agreements.
39,750 - 106,747 KES
Payments Clerk
  • Processing payments, including deposits, withdrawals, and fund transfers.
  • Cashing checks and accepting loan payments while ensuring accuracy in transactions.
  • Completing necessary forms for loan approvals and other banking services.
  • Buying and selling foreign currency as required.
  • Verifying account details, bank names, transaction amounts, and the accuracy of completed documents.
  • Ensuring compliance with identification verification procedures for clients receiving services.
  • Assisting customers with inquiries and providing information on banking products and services.
  • Maintaining accurate records of all transactions and customer interactions.
  • Collaborating with team members to enhance service delivery and operational efficiency.
  • Adhering to banking regulations and internal policies to mitigate risks and ensure security.
30,640 - 94,988 KES
Personal Banker
  • Taking care of the assigned portfolio at the bank branch.
  • Creating and developing business relations with clients .
  • Presentation and sale of bank products and services.
  • Fulfilling of the set personal business plan.
  • Taking part in fulfilling the financial and campaign plan.
39,974 - 116,285 KES
Private Banker
  • Managing liquid assets, stocks, bonds and real estate of highly creditworthy bank clients.
  • Seeking out potential clients and their acquisition within their area of operation.
  • Detecting the individual requirements and objectives of clients with the intention to propose the optimal investment solution for the appreciation of their property.
  • Communicating with experts in asset management, real estate, lawyers etc.
  • Providing advice in the investment and real estate area.
  • Handling the special requirements of clients (e.g. booking tickets for an event, providing private jet transportation, etc.).
51,751 - 130,012 KES
Product Manager - Specialist
  • Developing the new and innovating the existing bank products and services.
  • Monitoring and analyzing the competitive environment.
  • Following the fulfilling of goals in the area of product profitability.
  • Taking part in creating and setting the processes connected with products.
  • Directing and training new employees.
  • Analyzing and solving arisen operating problems.
  • Cooperating with other departments of the bank.
53,367 - 189,285 KES
Product Marketing Manager
  • Develop and implement effective product marketing strategies for banking products and services.
  • Conduct market research to identify customer needs, market trends, and competitive landscape.
  • Collaborate with cross-functional teams, including product development, sales, and customer service, to ensure alignment on product offerings.
  • Create and oversee marketing campaigns, including digital, print, and social media, to promote products and enhance brand awareness.
  • Analyze product performance and customer feedback to refine marketing strategies and improve customer satisfaction.
  • Prepare product presentations and training materials for internal teams and external stakeholders.
  • Monitor and report on key performance indicators (KPIs) related to product marketing effectiveness.
  • Manage budgets for marketing initiatives and ensure efficient allocation of resources.
  • Serve as the main point of contact for product-related inquiries and provide support to sales teams.
  • Stay updated on industry trends and regulatory changes affecting banking products to ensure compliance and competitiveness.
57,094 - 179,810 KES
Relationship Manager
  • Presenting and selling banking products and services to company clients.
  • Monitoring the market and competitors' activities within the assigned region.
  • Finding new clients.
  • Creating and developing business relationships with company clients.
  • Performing one's prescribed personal business plan.
  • Participating in performing financial and campaign plans.
  • Keeping records and the database of clients.
51,875 - 159,249 KES
Risk Specialist
  • Identifying credit, market, operational, strategic and liquidity risks potentially threatening the assets and cash flow of the bank.
  • Developing methodology for measuring individual types of risks.
  • Designing and analysing measures to prevent risks.
  • Designing solutions to cover damage in case of risks.
  • Using external registers (e.g. credit register, register of Social Security debtors, etc.) in assessing risks.
  • Cooperating with product and project managers, underwriters and other bank departments.
54,262 - 140,018 KES
Seller of Bank Services, Loan Officer
  • Monitoring cash flow in the branch's cash register and vault, ensuring accurate records of deposited and withdrawn funds.
  • Verifying issued and received checks, maintaining comprehensive knowledge of all bank services and products, including loan types and savings options.
  • Assisting tellers at the counter by providing accurate information to clients regarding banking services.
  • Completing standard contracts for various types of loans, ensuring proper usage of loan funds, calculating and collecting interest on loans.
  • Opening and managing accounts for both domestic and foreign clients, addressing complaints and correspondence, and maintaining organized records.
  • Collecting and managing documentation, preparing analytical and statistical bases for report creation, and generating simple reports related to job responsibilities.
  • Receiving and transmitting messages through fax and email, ensuring efficient communication within the bank.
  • Building and maintaining strong relationships with clients to enhance customer satisfaction and loyalty.
  • Staying informed about market trends and regulatory changes to provide accurate advice and guidance to clients.
  • Collaborating with other departments to facilitate seamless service delivery and support the overall objectives of the bank.
43,557 - 83,509 KES
Stock Broker
  • Making business transactions with clients.
  • Searching for potential clients.
  • Communicating with clients with the purpose of securing their needs.
  • Communicating with dealers/traders about the details of the business transaction.
  • Addressing clients on the phone with investment offers.
  • Providing clients with counseling in the area of investment.
51,732 - 133,456 KES

News and Articles

News heading
What traits are contemporary managers in Africa lacking the most?

18 October 2017

The Paylab.com salary portal completed an employee survey on the characteristics that contemporary managers lack the most. The survey is part of PAYLAB COMPENSATION MONITOR which observes on regular b...
logo
Answering ‘what are your salary expectations‘ during an interview

18 September 2017

Probably this is one of the questions that come last during the interview and most candidates dread the money question. It is therefore important to prepare yourself to answer as it is almost guarante...
logo
Increasing your earning power through your resume

19 December 2016

First impressions are really important. Infact, you don't get a second chance to make a first impression. This can't be far from the truth when it comes to your resume. A resume presents an individual...
Show more articles

We know much more about your salary!

We know whether you are earning more or less than the average in your region. We even know how education influences the salary and how much you would earn abroad on your position.
Find out if your salary is fair enough

Other categories

Agriculture, Food Industry Car Industry Chemical Industry Electrical & Power Engineering Human Resources Medicine & Social Care Pharmaceutical Industry Production Textile, Leather, Apparel ... Transport, Haulage, Logistics
Show all categories