This position supports the Director, Financial Markets Department in providing strategic leadership and oversight of the Settlements, Accounting & Control Division, setting divisional strategy, establishing robust risk and governance frameworks and ensuring end-to-end excellence in domestic and foreign transaction processing, clearing, settlement, accounting, reconciliation and control functions in the Division.

Strategic Responsibilities
1. Provide leadership and expertise to a team in the execution of the mandates. He/she will be required to work closely with Heads of other business functions and Management to define forward-looking best practice strategic initiatives for the function.
2. Contribute as appropriate to the performance of other functions and to the overall achievement of CBK's strategic objectives.
3. Work effectively as part of the senior departmental management team to deliver on the key result areas and demonstrate competencies of his/her role.

Technical and Operational Responsibilities
1. End-to-end oversight of domestic and foreign payments: clearing and settlement, confirmations, reconciliation, budgeting, accounting, custodial services and cash management.
2. Coordinate integration and performance of core banking and financial systems: RTGS, SWIFT, ORACLE, Treasury platforms, market infrastructure (e.g., DhowCSD) and any other system necessary for proper and timely recording of transactions.
3. Define and enforce internal controls, segregation of duties, and access governance across settlement, accounting, and forex custodial functions.
4. Ensure timely resolution of all payment queries and investigations; supervise high-value transactions and escalations.
5. Ensure that interests and redemptions are funded, processed and paid in an efficient and timely manner.
6. Lead divisional financial reporting and closure; ensure accuracy of trial balances, sub-ledgers, and reconciliations for bank accounts, securities registers, FX transactions, money market, and fixed income portfolios.
7. Oversee government securities operations: auction settlement, interest and redemption funding, corporate actions, and post-trade reporting.
8. Establish liquidity risk practices (intraday monitoring, funding forecasts, collateral optimization) supporting monetary policy operations and reserves management.
9. Strengthen cybersecurity and data integrity: message authentication, encryption, audit trails, incident response for critical payment systems.
10. Ensure business continuity and disaster recovery strategies are in place, e.g., set Recovery Time Objective (RTO) targets and run failover tests.
11. Drive automation/STP and analytics initiatives to improve timeliness, accuracy, and cost efficiency.
12. Coordinate internal and external audits; close findings with durable remediation tracked via risk registers.
13. Coordinate maintenance of customer static data such as Standing Settlement Instructions (SSIs) and master data governance.
14. Lead policy, procedure, and standards development for settlements, accounting, custody, and reconciliations; maintain up-to-date manuals and SOPs.
15. Coordinate the overall financial reporting function in the Financial Markets Department.

Other Responsibilities
1. Coach, mentor, and develop divisional talent; run succession planning and capability uplift programs.
2. Represent CBK in committees, working groups, and stakeholder forums on payment systems and market operations and other strategic initiatives.
3. Any other assigned duties and responsibilities

1. Bachelor's Degree in Accounting, Business, Finance, Economics, Banking or similar field from a recognized institution.
2. Master's Degree in Accounting, Business, Finance, Economics, Banking, or similar field, or a professional qualification in a relevant field is an added advantage.
3. Membership of a relevant 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. Foreign payments operations.
3. Monetary policy operations.
4. Government borrowing.
5. Foreign exchange management and operations.
6. Risk management.

1. At least twelve (12) years' work experience in a relevant field including financial reporting, with at least two (2) years leading and driving Treasury Management in a reputable Bank, Financial Institution, Investment and Fund Management organization or related field.
2. International working experience in financial markets institutions or multi-layered think tanks.
3. High-level networking at national, regional, and global levels.
4. Experience in managing a professional team of senior financial and market operations analysts.
5. Demonstrated capacity in strategic and analytical thinking, sound policy judgment in areas of financial and capital markets as well as debt issues.

Technical Competencies
1. Domestic and foreign transactions settlement
2. Portfolio management
3. Money markets
4. Foreign exchange market
5. Derivatives markets
6. Interest rates and financial instruments pricing
7. Fundamental and technical analysis
8. Financial Markets emerging issues
10. Domestic debt management
11. Government financial management
12. Capital markets
13. Banking laws and regulations
14. Accounting standards
15. Finance policies and guidelines
16. Investments accounting and taxation implications
17. Knowledge of regional payments systems
18. Strategic Planning
19. Budgeting and Planning

Behavioral/General Competencies
1. Leadership and people management including performance management, coaching and mentoring.
2. High-level interpersonal and cross-cultural skills, including ability to build consensus, alliances and collaborative relationships with sensitivity to diversity.
3. Critical and analytical thinking and problem-solving skills.
4. Project management.
5. Excellent organizational and administrative skills.
6. Ability to be forward-thinking and use technology and other modern tools to drive decision-making and implementation.
7. Ability to consider emerging trends, developments and long-term opportunities and align organizational requirements with desired outcomes.
8. Strategic thinking and decision making.
9. Independence of thought and objectivity.
10. Professionalism, integrity, and honesty in line with CBK values.
11. Oral and written communication skills.
12. Ability to withstand strategic and operational challenges and maintain momentum.
13. Risk management.
14. Governance.
15. Ability to manage multiple stakeholders and drive change.
16. High demonstration of emotional intelligence.
17. Ability to make strategic decisions in a timely and effective manner.
18. Customer orientation with a balance between external and internal customer focus.

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