Resource Associates Limited Head, Monetary Operations Jobs in Kenya

Resource Associates Limited Head, Monetary Operations Jobs in Kenya


  • 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 effective 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.

  • 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 for prospective candidates to make their contribution and positively impact the financial services landscape in Kenya.

    Job Purpose

  • 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 (MPC) recommendations. 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 an integral 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.

    In addition, the role entails;

    • Implementing monetary policy decisions, developing financial markets, managing foreign
    exchange reserves, and performing the agency role of domestic debt management on behalf of the National Treasury. In addition, the role also facilitates payment of external Resource Associates Limited Developing Organizations, Nurturing Talent obligations on behalf of the Government of Kenya.

    • Providing support to the Head of the Department in implementing the Monetary Policy Committee (MPC) recommendations that seek to promote price stability, appropriate level of interest rates and optimal liquidity in the economy.

    • Assisting the Head of Financial Markets with on-going and long-term management and development of the Financial Markets operations.

    • Ensuring the Monetary Operations Division meets its functional responsibilities and makes these
    contributions effectively and efficiently.

    • Contributing appropriately to the performance of other functions and to the overall achievement of the Bank’s strategic objectives

    • Working effectively as part of the departmental management team to deliver on the Key Result Areas and demonstrating competencies of his/her role.

    Key Responsibilities

    Strategic Responsibilities

    • Set overall Monetary Operations strategy for implementation of MPC recommendations Technical and Operational Responsibilities

    • Implement MPC policy stance and advise MPC on implementations

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

    • Ensure that the interbank settlement systems support financial liquidity as well as adequate
    liquidity in the banking system.

    • Ensure the division, its operations and staff have the capability to effectively discharge their
    responsibilities.

    • Responsible for Market analysis and performance reporting

    • Make presentations in relevant policy forums

    • Provide leadership, appraise and manage performance of staff within the Section

    • Review forecast analysis, present and make recommendations the Monetary Policy Management Committee

    • Analyse and mitigate against potential market risks and volatilities.

    Other Responsibilities

    • Mentor, coach and mobilize the Business Development teams to achieve planned financial
    results.

    • Oversee training of new staff in the division on work procedures and company policies to ensure effective client service

    Problem solving

  • The ability to identify and understand the Department objectives in a fast paced and complex operational environment.

  • The need to identify the long term operational needs to support the Department effort.

  • Handle authority expediently, be orientated towards immediate accomplishments and to be
    a firm decision-maker.

    Planning

  • The ability to meet tight deadlines and to satisfy the Department’s objectives in a fast paced and complex operational environment.

    Results orientation

  • Delivering Results; Effectively manage your time and resources to ensure that objectives are
    achieved, and projects are delivered on time.

    Enabling Change

  • Encourage others to seek novel and innovative approaches to addressing problems and opportunities. Facilitate the implementation and acceptance of change within the workplace.

    Decision making

  • Consider all the facts, options and possible outcomes prior to making decisions.

  • Quick to act upon potential opportunities and take the initiative within limits of authority

    Minimum Requirements

    Basic Education

  • 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.

  • Should be a member of relevant professional bodies with good standing.

    Experience

  • 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.

    Technical Competencies

    • Government bonds, bills and other instruments

    • Interest rates and pricing

    • Financial Markets emerging issues

    • Treasury management

    • Money & Capital markets

    • Derivatives

    • Interest rates and pricing

    • Market analysis

    • Accounting and taxation implications

    Behavioural/ General Competencies

  • Leadership and management; ability to lead teams, mentor and coach staff towards shared goals.

  • Performance Management and team building

  • Decision making; ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major and critical decisions required

  • Professionalism; maintains a professional approach based on ethics and CBK values

  • Integrity and honesty and ethics; ensures ethical practices and integrity

  • Stakeholder orientation; is stakeholder focused striking a solid balance between external and internal stakeholder management.

  • Resilience; is able to withstand strategic and operational challenges and maintain
    momentum

  • Emotional Intelligence; manages emotions in a mature and composed manner.

  • Governance; knowledge and ability to ensure good governance practices in assigned Department

  • Analytical; highly analytical and ability to challenge status quo based on quantitative facts and impacts.

  • Report writing; ability to develop relevant reports.

    Citizenship:

    • Must be a Kenyan.

    • Should be a member of relevant professional bodies with good standing.

    How to Apply

  • For more information and job application details, see; Resource Associates Limited Head, Monetary Operations Jobs in Kenya


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