Resource Associates Director - Financial Markets Jobs in Kenya

Resource Associates Director - Financial Markets Jobs in Kenya

Role Details
Job Title:

Director, Financial Markets
Location:

Nairobi, Kenya
Department:

Financial Markets
Responsible for:

Financial Markets Team
Reports to:

Chief Executive Officer

Our client, a large leading financial institution in Kenya wishes to recruit a highly experienced, competent, motivated and self-driven individual with excellent credentials and strategic mind to competitively fill the above position.

Our client is looking to identify an experienced leader who will play a pivotal role at the Institution’s Financial Markets function.

He/She is expected to be an exceptional leader with superior knowledge of the financial services sector in Kenya, have a demonstrable level of
success and possess excellent interpersonal skills.

Job Purpose

Financial Markets Department (FMD) implements monetary policy decisions, manages the country’s foreign exchange reserves and acts as a fiscal agent in Domestic debt management.

Specifically, FMD’s mandate, is to implement monetary policy decisions as directed by the
relevant authority, develop financial markets, manage foreign exchange reserves and perform
the agency role of domestic debt management on behalf of the National Treasury.

The department also facilitates payment of external obligations on behalf of Government.

The job holder provides leadership and expertise to a team in the execution of these mandates and being a member of the senior management team, is expected to work closely with Heads of other business functions and the Executive to define forward looking best practice strategic initiatives for the department.

Key Responsibilities

Provide effective leadership in the implementation of monetary policy decisions; government domestic debt management as well as foreign exchange and foreign reserves management;

Develop financial markets strategies and operational plans

Ensure close markets monitoring and analysis both at local regional and global levels

Analyze and mitigate against potential market risks and volatilities;

Ensure domestic debt management processes and policies are in place;

Ensure short term interest rates are consistent with the monetary policy stance;

Ensure that the interbank settlement systems supports financial liquidity;

Ensure adequate liquidity in the banking system;

Effectively manage monetary operations so that monetary policy targets are achieved;

Ensures stable market determined exchange rates;

Manage foreign exchange reserves in a disciplined and effective manner;

Ensure compliance to statutory requirements on foreign exchange reserves;

Facilitate effective forex interventions and crisis management;

Lead and facilitate in the development of deepened financial markets that enhance
confidence in the financial system including diversification of financial market instruments;

Champion and monitor the departmental risk management framework and policies in liaison
with the risk management team;

Provide oversight over the development of annual budgets;

Develop, train, coach, motivate and evaluate staff in the department to achieve highest
levels of performance.

Minimum Requirements

Basic Education

Must have a Master’s Degree in Economics, Finance, Banking or relevant field;

Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or similar field;

Professional qualification in relevant a field of study e.g. CFA, ACCA, CPA is an added
advantage;

In depth technical knowledge and experience of financial and capital markets, banking and
relevant emerging issues in:

National, regional and international regulatory and statutory requirements

Foreign exchange management and operations

Foreign reserves management and operations

Government borrowing and

debt management strategies

Treasury management

Experience

Not less than ten (10) years’ experience in financial analysis, investment, portfolio
management, banking and any other relevant area; five (5) of which MUST be at senior
leadership (head or deputy level) role of a key function in a large organization.

International working experience in financial markets institutions or multi-layered think-tanks;

High level networking at national, regional and global levels;

Experience in managing a professional team of senior financial and market analysts;

Demonstrated capacity in strategic and analytical thinking and sound policy judgement in
areas of financial and capital markets and debt issues.

Technical Competencies

Financial Markets emerging issues;

National, regional and international statutory trading requirements;

Foreign exchange management and operations;

Foreign reserves management and operations;

Treasury management;

Market intelligence & analysis;

Domestic debt and debt strategies;

Investor awareness;

Pricing and evaluation;

Portfolio management;

Investment policies;

Strategic Planning;

Budgeting and budgetary controls;

Ability to drive change;

Project Management;

Behavioral / General Competencies

Leadership and people management including performance management, coaching & mentoring;

High level interpersonal and cross-cultural skills, including ability to build consensus, alliances and collaborative relationships with sensitivity to diversity;

Must be visionary, with in-depth knowledge of the state of financial development in Kenya,
within the wider global economy, and the linkages within different economic sectors as well
as across regions;

Critical & analytical thinking and problem solving skills- ability to understand issues from
multiple perspectives/layers and take account of the wider business context when crafting
solutions;

Commitment to consistent delivery of the highest quality outputs, with deep technical
understanding and attention to detail;

Organisational and administrative skills;

Strong outreach competencies with ability to confidently speak at international fora on
financial issues.

Excellent public relations skills with all potential users of the institution’s knowledge work and statistics – analysts, academics, professional bodies and other international organizations, and government agencies;

Familiarity with the work of other multilateral and bilateral development institutions and the private sector, especially their roles in supporting financial reform agenda;

Ability to think strategically and design long-term plans and programs to develop staff
competences in line with strategic priorities;

Ability to consider emerging trends, developments and long-term opportunities and align
organisational requirements with desired outcomes;

Oral and written communication skills- ability to communicate clearly, simply and in a
structured manner; and to use communication tools appropriately and effectively;

Ability to listen and communicate effectively with oversight bodies, senior management and
government officials;

Risk management- ability to identify departmental and market risks and develop mitigating measures.

How to Apply

Interested and qualified candidates should apply online by 15th April 2019

For more information and job application details, see; Resource Associates Director - Financial Markets Jobs in Kenya

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