Summary
Date Posted: Monday, January 04, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Our client. The Central Bank of Kenya (CBK), is responsible for formulating monetary policy to achieve and maintain price stability. The Central Bank also promotes financial stability, an elective and efficient payment, clearing and settlement system formulates and implements foreign exchange policies: holds and manages foreign exchange reserves issuing of currency, and is the banker for adviser to and fiscal agent of the Government.
In line with its vision to be a World-Class Modern Central Bank reflected in its People, Systems and Processes, the Bank is looking to identify visionary, strategic thinking, experienced and highly qualified leaders with excellent credentials, proven experience, demonstrated capacity and know-how who will play a pivotal role in influencing monetary policy frameworks and strategies as well as implement sound monetary policies that ensure financial markets stability and growth. The ideal candidates are expected to be exceptional leaders with deep global and local knowledge of the financial services sector have a demonstrable level of success and possess excellent interpersonal skills. This is a great opportunity to make your contribution and positively impact the financial Services landscape in Kenya
HEAD OF EXTERNAL PAYMENTS & RESERVES MANAGEMENT
The role of Head of External Payment & Reserves Management, which is at Assistant Director level reporting to the Director Financial Markets will provide support in the implementation of monetary policy decisions, manage foreign exchange reserves and act as a fiscal agent in Domestic debt management .

Key Responsibilities:
• Assist the Head of Financial Markets with on-going and long-term management and development of the Financial Markets operations:
• Ensure compliance with statutory requirements in foreign exchange reserves management:
• Ensure that there is adequate liquidity in the banking system:
• Ensure stable, market determined exchange rates
• Close market monitoring and analysis at both local and regional levels.
• Analyse and mitigate against potential market risks and volatilities
• Propose and implement domestic debt management processes and policies
• Ensure that the Interbank settlement systems supports financial liquidity as well as adequate liquidity in the banking system:
• Support the development of foreign reserves management strategies and operational plans and associated budgets.

Job Skills: Not Specified

Required Qualifications & Experience:
• Bachelor's Degree in Accounting Business Finance, Economics or Banking or a similar Field
• Professional qualification in a relevant field of study. Chartered Financial Analyst (CFA) is an added advantage
• in depth technical knowledge and experience of financial and capital markets, banking and relevant emerging issues
I. National, regional and international regulatory and statutory requirements
II. Foreign exchange management and operations
III. Foreign reserves management and operations
IV. Risk Management
V. Treasury management
• Must be a Kenyan citizen
• Should be a member of relevant professional bodies with good standing
A minimum of seven (7) years' experience in financial analysis, investment, portfolio Management, banking and any other relevant area, WO (2) of which MUST be at senior leadership (Head, Deputy or Manager) role of a key function in a large organization, le leading and driving Treasury management (In a reputable bank), investment and fund management or any other related field. International working experience in financial markets institutions or multi-layered think-tanks is important

Job Education Requirements: Not Specified

Job Education Experience: Not Specified

Work Hours: 8

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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 Director: Research or Head of External Payments & Reserves Management) as the email subject no later than 22nd January 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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