The role holder will support the Debt Strategy & Portfolio Management Section to meet its functional responsibilities and makes these contributions effective and efficient, contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives and works effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.

Strategic Responsibilities
1. Support CBK strategy plan - Provide proposals and input to the Divisional policy/strategy - Promote growth, stability, and access to financial markets.
2. Support public debt management and market development priorities – contribute to Kenya’s Vision 2030 Implementation under the Medium-Term plans (MTPS), Public Debt Management Policies and Strategies, and Capital Market Master Plan (CMMP).
3. Coordinate Domestic Debt Strategy and Portfolio Management
Make proposals and recommendations on Domestic Debt Strategy Management including development and implementation of the domestic debt strategy, borrowing programme, and the issuance program all aligned to the PFMA, the Government’s fiscal framework and the MTDS.
4. Managerial responsibility and work environment
1. Ensure planning, organizing, integrating, supervising, and coordinating work, Performance Management, budget, and other activities and resources relating to Debt Strategy Management function.
2. Ensure accountability, authority, and supervision of the Debt Strategy Management function.
3. Lead, appraise and manage performance of staff within the Division.
4. Monitor, evaluate and review work plans and performance management plans including staff appraisals.
5. Lead development of training and capacity building program for staff.
6. Guide the update and review of the operations manuals from time to time.
7. High involvement in the work processes and environment with heavy work schedules including working late hours and within stringent timeliness.
Technical and Operational Responsibilities
Supporting financial market stability and development
(a) Debt Strategy
1. Domestic Debt Programme and Market Development Strategy (DDPMDS) - Assist in overseeing design, development, review, and monitoring of the Domestic Debt Management Strategy in the financial year.
2. Domestic Debt Program (DDP)
1. Assist in overseeing design, development, review and monitoring of the annual Government Borrowing Program in line with National Treasury borrowing target, cash requirements (cash plan), maturities of government securities, considering appropriate mix of instrument and timing of issuance during the financial year.
2. Ensure regular update of the GBP and preparation of related analysis and reports as guided by the Management from time to time.
3. Issuance Planning – Assist in overseeing packaging of features of Government securities including pricing considerations and development of the monthly bond proposals for management approval and discussions with market representatives at the JTWG and BMF.
4. Coordinate preparation of the bond issuance proposals at the monthly BMF meetings that provide stakeholder views and other market development initiatives.
5. Auctions of Government Securities - participate in the auction meetings for government securities and provide justifications for auction proposals, based on the debt management objectives, prevailing market conditions and market development aims.

(b)Debt Portfolio Management
1. Portfolio Management – Assist management of the Government Treasury bills and bonds portfolio in line with the debt management objectives, appropriate portfolio mix (choice of instruments), risk considerations (refinancing, duration, interest rate mix, settlement, and market risk), cost (debt service and transaction costs), and maturity profile and portfolio valuation.
2. Technical Analysis and Reports – Assist in coordination of preparation of technical reports, policy briefs, memos, speeches, and presentations about topical issues in Debt Management and markets for CBK Management.
3. Monetary Policy Committee (MPC) support - Contribute to the work of the MPC including providing analytical debt market reports.

Complexity of the role and decision making
1. Involves contribution to complex judgements and providing recommendations on decisions that impact on the department and/or other departments, the Bank, and the financial sector
2. Entails contribution to conceptual and constructive thought requiring analytical, constructive, evaluative, and interpretive solutions.

CBK Stakeholder Collaboration and Communication
1. Involves high level of oral and written communication with CBK Management, stakeholders, and market players, requiring justifiable opinions, advice, and perspectives.
2. High level engagement and negotiations with external stakeholders such as the National Treasury, Ministries and other government agencies and the World Bank and its affiliated institutions such as the International Finance Corporation (IFC) in various projects in liaison with the National Treasury.
3. Assist to provide input to CBK Weekly Bulletin and other publications.
4. Assist to coordinate responses to public and media enquiries on Government securities market issues.
5. Participate, contribute, and provide reports in meetings of high-level delegations visiting the Bank such as World Bank and IMF missions among others With the National Treasury (NT).
6. Assist to oversee participation in co-authoring publications such as the Annual Public Debt, Management Report, Medium Term Debt Strategy (MTDS) and Kenya’s Debt Sustainability Analysis (DSA), as part of technical team of the NT.
7. Assist to oversee training of new staff in the Division on work procedures and Bank’s policies to ensure effective client service.
8. Assist to approve staff requests for absence from office such as leaves etc.
9. Any other assigned roles and responsibilities.

1. Master’s degree in Business, Finance, Banking, Public Relations, or Professional qualification in relevant field is an added advantage.
2. Bachelor’s Degree in Business, Finance, Banking, Public Relations, Communication, Marketing, Information Science or similar field.
3. Membership to a professional body is an added advantage.
4. Clear understanding of financial markets, banking, and relevant emerging issues in:
1. National, regional, and international regulatory and statutory requirements.
2. Domestic debt strategies.
3. Domestic debt portfolio management.
4. Domestic debt market
5. Risk management

At least eight (8) years’ experience in relevant field; three (3) years in a managerial role.

Technical Competencies
1. Public financial management.
2. Domestic debt management.
3. T-bills & bonds & other financial market instruments.
4. Portfolio management: Interest rates and pricing; pricing and evaluation.
5. Financial markets emerging issues.
6. Financial markets: Money markets; Capital markets; Derivatives.
7. Analysis: Market analysis; Fundamental analysis; Technical analysis.
8. Investor awareness.
9. Structural and financial engineering.
10. Investment policies.
11. CS-DRMS.
12. Bloomberg/Reuters.
13. Banking laws and regulations.
14. Central Banking Operations.
15. Strategic Planning.
16. Budgeting and Planning.
17. Ability to drive change.
18. Risk management.
19. Stakeholder Management.
20. Report writing-ability to develop reports.
21. Computer skills.
22. Public Relations.

Behavioral/ General Competencies
1. Performance Management and team building.
2. Strong professional approach, integrity and ethical orientation based on CBK value system.
3. Strong interpersonal communication skills.
4. Customer focus with balance between external and internal customers.
5. Resilience to withstand operational challenges and maintain momentum.
6. Strong emotional intelligence.
7. Governance – knowledge and ability to ensure good governance practices.
8. Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts.

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