Summary
Date Posted: Friday, November 19, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
The Head of Monetary Operations will report to Director, Financial Markets and is principally responsible for setting the overall Monetary Operations strategy for implementation of Monetary Policy Committee’s recommendations (MPC). The role holder is expected to engage at the highest level of the Bank and Bank organs and will provide leadership to the Monetary Operations team in implementing monetary policy decisions. The role holder will be part of the Financial Markets Departmental Management team and they will work on: developing financial markets, managing foreign exchange reserves and performing the agency role of domestic debt management on behalf of the National Treasury.

Key Responsibilities:
• Set overall Monetary Operations strategy for implementation of MPC recommendations;
• Ensure that the interbank settlement systems support financial liquidity as well as adequate liquidity in the banking system;
• Responsible for Market analysis and performance reporting;
• Provide leadership for timely periodic reporting of monetary policy analysis with emphasis on monetary policy formulation and implementation;
• Review forecast analysis, present and make recommendations to the Monetary Policy Management Committee;
• Engage with IMF, World Bank and other multilateral partners as required;
• Represent the Central Bank on Monetary policy reviews;
• Ensure effective collaboration with relevant departments on the effectiveness of monetary policy implementation and market dynamics that inform policy change.

Required Qualifications & Experience:
• Bachelor’s Degree in Accounting, Business, Finance, Economics, Banking or a similar field.
• Master’s Degree & Professional qualification in a relevant field is an added advantage.
• Thorough and in depth understanding of Financial Markets, Banking and relevant emerging issues in:
National, regional and international regulatory and statutory requirements;

Treasury Management.
• Clear understanding of Financial and Monetary policy trends, Banking and relevant emerging issues such as:
• Government bonds, bills and other instruments;
• Interest rates and pricing;
• Financial Markets emerging issues;
• Treasury management;
• Money & Capital markets;
• Derivatives.
• Must be a Kenya citizen.
• Should be a member of relevant professional bodies with good standing.

The ideal role holder must possess not less than seven (7) years’ experience in Financial Analysis, Investments, Portfolio Management, Banking and any other relevant area; two of which should be in a managerial capacity; not less than two (2) years’ experience leading and driving Treasury Management (in a reputable bank), Investments and Fund Management or any other related field.
The ideal role holder should have experience in managing a specialised technical team. Work experience in Monetary Policy Development and Analysis institutions or multi-layered think-tanks as well as high level networking at national, regional and global levels provides a competitive advantage. Kenyan citizens working and living in the diaspora are encouraged to apply.

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
If you are the candidate that we are looking for, please send your application through executiveselection@resourceassociates.co.ke with the title of the position applied for (Head, Monetary Operations or Head, Operational Risk) as the email subject no later than 10th December 2021. We will require your complete professional profile with your current remuneration and contact details therein. Only shortlisted candidates will be contacted. The detailed job descriptions are available on the link http://www.resourceassociates.co.ke/vacancies 

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