The job holder will be responsible for overseeing Market Development Initiatives in the Division, ensure the Market Development Section meets its functional responsibilities and make contributions effectively and efficiently. She/He will also be responsible for supporting stakeholder collaboration, engagements and communication of initiatives related to the section.

Roles and Responsibilities
1. Provide proposals or business cases for Market Development initiatives including innovative products/reforms such as Benchmark bonds, Liability Management Operations, Over the Counter Green/bonds, Onshore and Offshore bonds, Security Lending and Borrowing, Short Selling and NSE Financial Derivatives, Primary Dealers, and other products for Management’s review.
2. Provide business proposals for innovative products that may be included in the CSD system such as Zero-coupon bonds, Multiple-legged or amortized bond, stripped bond, Embedded Option bond, Indexed bond, Variable coupon bond, Step-up bond, Step-down bond, Deferred coupon bonds, Perpetuity bond, Annuity bond, Islamic Sukuk, Mortgage Based Securities, Term Deposits, Central Bank certificates and bills, Negotiable deposits, Non-negotiable deposits among others for Management’s review.
3. Project planning, implementation, monitoring and evaluation - coordinate and support market development projects being undertaken by the department in liaison with other stakeholders in the Bank or with other institutions.
4. Product development – responsible for the design and development of new products and enhancement of existing ones, pricing, development of systems’ business requirements, system testing and monitoring.
5. Support the Benchmark Bonds Program by structuring appropriate benchmark bonds and liability management operations to build benchmark sizes and enhance liquidity and reliability of the yield curve.
6. Support the Infrastructure Bonds (IFBs) Program by packaging attractive and innovative IFBs to finance development projects.
7. Represent the Division in industry standing committees or taskforces such as Financial Sector Stability & Research subcommittee of the FSC, MAC of the EAC, FinTech (FIIT) and the Bond Market Development Committee, among others.
8. Provide opinions on policy reforms to strengthen the government bond market.
9. Define, develop, and execute the strategic product development plan through gathering and analysing market research data and provide regular feedback on market requirements.
10. Monitor market trends and information to identify potential areas for the development of new financial products and the restructuring of existing products.
11. Responsible for analysis of financial markets data and preparation of technical reports and presentations for monthly departmental meetings.
12. As DMF/MBSF secretariat, maintain records of meeting discussions and provide necessary support for success of the borrowing program.
13. Develop advertising, public relations and marketing communications to meet product objectives.
14. Planning, organizing, integrating, supervising, and coordinating work, performance management, budget, and other activities and resources relating to Debt Market Monitoring function.
15. Responsible for staff performance, capacity building, succession management, coaching and mentorship.
16. Ensure the Bank policies, regulations and related legislations among other guidelines and principles are always adhered to.
17. Prepare ad hoc and periodic reports on activities related to their roles and submit to the supervisor in a timely manner.
18. Coordinate with other departments in the bank to achieve set goals.
19. Any other assigned duties and responsibilities.

1. Bachelor’s Degree in Business, Finance, Banking, Public Relations, Communication, Marketing, Information Science or similar field from a recognized institution.
2. Master’s Degree in Business, Finance, Banking, Public Relations or professional qualification in relevant field is an added advantage.

Eight (8) years’ experience in a Financial related field with at least three (3) years in work experience in Debt Management on a supervisory level.

Technical Competencies
Knowledge and understanding of:
1. Public financial and Domestic Debt Management.
2. T-bills & bonds & other financial market instruments.
3. Portfolio management: Interest rates and pricing; pricing and evaluation.
4. Financial markets: Money markets; Capital markets; Derivatives.
5. Analysis: Market analysis; Fundamental analysis; Technical analysis.
6. Structural and financial engineering and Investment policies.
7. CS-DRMS.
8. Banking laws and regulations.
9. Central Banking Operations experience.
10. Budgeting and Planning.
11. Analytical skills and attention to detail.
12. Clear understanding of financial markets, banking, and relevant emerging issues in:
i. National, regional, and international regulatory and statutory requirements.
ii. Client relations & marketing.
iii. Accounts operations.
iv. Office Administration.
v. Risk management.
General Business Competencies
1. Strategic thinking - Display the ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions in the Bank.
2. Planning and organization - Effectively use diverse talents, technology, and resources to deliver within agreed parameters.
3. Organization, Market & regulatory knowledge - Ability to research on industry trends, anticipate issues, critique, and identify improvement opportunities within the industry and propose new initiatives for CBK.
4. Quality orientation - Seek out opportunities to improve processes, outcomes, and products within the function.
5. Communication & information sharing – Good communication skills. Convey complex issues clearly and credibly with varied audiences. Identify and demonstrate understanding of the mindsets, values, cultural differences, and roles of individuals.
6. Stakeholder and conflict management - Cultivate and manage a range of relationships and key strategic alliances with internal and external stakeholders to ensure assignments, projects and programmes will deliver the agreed objectives.
7. Project management – Ability to establish the organizational structure and coordinating mechanisms (e.g., steering group/project team), for a complex project or programme.

Behavioral Competencies
1. Leadership - Ability to motivate, influence and staff to act towards achieving a common goal. Create and articulate a vision, inspiring others to work towards achieving the vision and providing developmental and stretching opportunities to staff - in line with skills, abilities, and experience.
2. Decision Making - Ability to go through a thought process of selecting the logical choice out of a set of options within a reasonable amount of time.
3. Professionalism, work ethic & integrity - Ability to convey the level of excellence and competence that is expected. Define, communicate, and consistently exemplify the Bank’s values and ethics.
4. Collaboration and teamwork - Ability to work collaboratively within a group of people to achieve a common goal. Support team members to take decisions independently and take the lead in their area of expertise.
5. Accountability and professional development - Lead initiative/s or action/s towards the achievement of the Department/Bank-wide goals/ mission.
6. Creativity and innovation - Promote an environment that encourages creative thinking, and innovation within the ambits of existing rules/guidelines.
7. Digital mind-set - Ability to recognize the importance and impact of technology on the ways of working and integrate technology in the day-to-day job to achieve efficiency, quality, and productivity in the function.
8. Risk awareness and focus - Ability to the forecast and evaluate of all forms of risks together with the identification of procedures to avoid or minimize their impact.
9. Customer focus - Establish service standards and develop strategies to ensure that the same are met.
10. Emotional Intelligence- manages emotions in a mature and composed manner as expected of a leader.
11. Highly analytical and ability to challenge status quo based on quantitative facts and impacts.

Register / Login to apply for this job

Register Login