The role holder supports the Debt Strategy & Portfolio Management Section meets its functional responsibilities and makes these contributions effectively and efficiently and work 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 input to draft proposals to the Divisional policy/strategy - Promote growth, stability, and access to financial markets.
2. Support financial market growth & development – contribute to Kenya’s Vision 2030 Implementation under the Medium-Term plans (MTPS), realization of the Nairobi International Financial Centre (NIFC), and the Capital Market Master Plan (CMMP).
3. Work environment
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
Domestic debt strategy
1. Domestic Debt Programme and Market Development Strategy (DDPMDS) – provide input to the design, develop, review and monitoring of the Domestic Debt Management Strategy, every financial year.
2. Domestic Debt Program (DDP) – provide inputs to the 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.
3. Update of the GBP and preparation of related analysis and reports as guided by the Management from time to time.
4. Issuance Planning – provide input to proposals on choices for Government securities issuance including pricing considerations and development of the monthly bond proposals for management approval and discussions with market representatives at the JTWG and BMF.
5. Draft bond issuance proposals for discussion at the monthly BMF meetings. Involves proposals on pricing/yield curve development and management, instrument choice, portfolio analysis and reporting, aligned to the PFMA, the Government’s fiscal framework and the MTDS.
6. Monetary Policy Committee (MPC) support – draft analytical reports and presentations for the MPC.
7. Auctions of Government Securities – draft reports and justifications for Government securities auction proposals, based on the Debt Management objectives, prevailing market conditions and market development aims.
8. Draft proposals on Domestic Debt Management and market development issues as the fiscal agent of Government.

Domestic debt portfolio management
1. Participate in Domestic Debt portfolio analysis including evaluation and recommendations on risks and costs of debt such as: market risk - pricing or interest rate/yield curve risk, liquidity risk (auction undersubscriptions); maturity/refinancing risk; fiscal funding risk; default risk, financial risk; reputation/image risk, information risk, among others.
2. Technical Analysis and Reports – draft technical reports, policy briefs, memos, speeches, and presentations about topical issues in financial markets for use by the CBK Management in regional and international forums.

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

CBK Stakeholder Collaboration and Communication
1. Provide logistical support to 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.
2. Participate in CBK Communication Committee activities.
3. Draft responses to public and media enquiries on Government securities market issues.
4. 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)
5. Participate 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.
6. Supporting market activities including investor education – provide input to draft write ups for brochures, FAQs on government securities market operations and advise on pricing/valuation of Government securities, among others.
7. Any other roles and responsibilities as may be assigned from time to time.

1. Bachelor’s Degree in business, finance, banking, public relations, communication, marketing, information science or similar field.
2. 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 two (2) years’ experience in relevant field.

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. Governance – knowledge and ability to ensure good governance practices.
3. Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts.
4. Strong professional approach, integrity and ethical orientation based on CBK value system.
5. Strong interpersonal communication skills.
6. Customer focus with balance between external and internal customers.
7. Resilience to withstand operational challenges and maintain momentum.
8. Emotional Intelligence. Ability to handle and manage emotions in a mature and composed manner.
9. Planning and organization - Ability to organize work, set priorities, and determine resource requirements; determine short or long-term goals and strategies to achieve them; coordinate with other stakeholders or part of the organization to accomplish goals.
10. Quality orientation - Ability to check work to ensure accuracy. Adopt a disciplined approach to work and drive for closure, results, and success.

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