The role holder will be responsible for Product Development Initiatives in the Division and provide support on Market Engagement to meet the functional responsibilities and make these contributions effectively and efficiently. He / She will also be responsible for contributing as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Roles and Responsibilities
1. Support CBK strategy plan - Provide proposals and input to the Divisional policy/strategy to promote growth, stability, and access to financial markets.
2. Develop proposals/business cases for Product 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.
3. Develop 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.
4. Coordinate and support market development projects being undertaken by the Department in liaison with other departments in the Bank or with other institutions.
5. Oversee preparation of monthly bond issuance proposals for management approval and discussions with stakeholders.
6. Provide regular feedback on market requirements for product, including product specifications functionality, pricing etc and prepare reports on product expectations, market size, market uptake, market share.
7. Define product promotion and positioning for defined investor segments.
8. Oversee analysis of financial markets data and preparation of technical reports and presentations for the monthly DMF/BMF meetings.
9. As the support for the DMF/MBSF secretariat, maintain records of meeting discussions and provide necessary support for success of the borrowing program.
10. Support in the development of advertising, public relations, and marketing communications to meet product objectives in liaison with the Communications Office.
11. Responsible for assessing needs and requirements of defined investor segments and design targeted products accordingly.
12. Participate in CBK Editorial Board for the CBK E-Newsletter and other publications related to the activities for the division.
13. Coordinate responses to public and media enquiries on Government securities market issues in liaison with the Communication Office.
14. Provide quality communique and reports (oral and written communication) on professional opinion, advice and perspectives when required, for review by CBK management, stakeholders, and market players.
15. Manage risks associated with market development initiatives including product/service risk, market disruption, among others.
16. Review work processes and support in the update and review of the operations manuals and processes from time to time for continuous improvement of service.
17. Support in the planning, organizing, integrating, supervising, and coordinating of work, performance management, budget, and other activities and resources relating to function.
18. Ensure accountability, authority and supervision of the Market Engagements and Product Development functions.
19. Management of staff productivity, capacity building, succession management and resource management to ensure effective performance and good customer experience.
20. Ensure the Bank policies, regulations and related legislations among other guidelines and principles are always adhered to.
21. Prepare ad hoc and periodic reports on activities related to their roles and submit to the supervisor in a timely manner.
22. Coordinate with other departments in the bank to achieve set goals.
23. Any other assigned duties and responsibilities by the Supervisor.

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.

At least six (6) years’ experience in a financial product development/ related field with at least two (2) years in work experience in Debt Management and three (3) years’ in a supervisory role.

TTechnical 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. Risk management.
12. Governance – knowledge and ability to ensure good governance practices.
13. Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts.
14. Clear understanding of financial markets, banking, and relevant emerging issues in:
1. National, regional, and international regulatory and statutory requirements.
2. Client relations & marketing.
3. Accounts operations.
4. Office Administration.
General 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 programs 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 program.

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/Company-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.

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