Resource Associates Limited Head of External Payments Reserves Management Jobs in Kenya
Resource Associates Limited Head of External Payments Reserves Management Jobs in Kenya
Job PurposeThe role of the Financial Markets function is to implement monetary policy decisions as directed by the relevant authority, develop financial markets, manage foreign exchange reserves and perform the agency role of domestic debt management on behalf of the National Treasury.
The role also facilitates payment of external obligations on behalf of the Government of Kenya.
This position supports the Head of Financial Markets function to implement monetary policy decisions, manage the country’s foreign exchange reserves and act as a fiscal agent in Domestic debt management.
The Head of External Payments & Reserves Management will be required to provide leadership and expertise to a team in the execution of the mandates and he/she will be required to work closely with Heads of other business functions and the Executive to define forward looking best practice strategic initiatives for the function.
Key Responsibilities
Provide effective leadership to the team and ensure timely and effective implementation
of monetary policy decisions.
Ensure that there is adequate liquidity in the banking system.
Ensure stable, market determined exchange rates.
Close market monitoring and analysis at both local and regional levels.
Manage foreign reserves for the country by employing effective investment strategies.
Develop foreign reserves management strategies and operational plans and associated
budgets.
Ensure compliance with statutory requirements in foreign exchange reserves management.
Analyse and mitigate against potential market risks and volatilities.
Facilitate payment of external obligations on behalf of the government ministries,
departments and ministries (MDAs).
Assist the Head of Financial Markets with on-going and long-term management and
development of the Financial Markets operations.
Develop, coach and motivate the External Payments & Reserves Management team to
achieve the highest levels of performance.
Minimum Requirements
Basic Education
Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or a similar
field;
Professional qualification in a relevant field of study. Chartered Financial Analyst (CFA) is an added advantage;
In depth technical knowledge and experience of financial and capital markets, banking
and relevant emerging issues in:
National, regional and international regulatory and statutory requirements
Foreign exchange management and operations
Foreign reserves management and operations
Risk Management
Treasury management
Experience
Not less than seven (7) years’ experience in financial analysis, investment, portfolio
management, banking and any other relevant area; two (2) of which MUST be at senior
leadership (Head, Deputy or Manager) role of a key function in a large organization.
No
less than two (2) years leading and driving treasury management (in a reputable
bank), investment and fund management or any other related field
International working experience in financial markets institutions or multi-layered thinktanks;
High level networking at national, regional and global levels;
Experience in managing a professional team of senior financial and market analysts;
Demonstrated capacity in strategic and analytical thinking and sound policy judgement
in areas of financial and capital markets and debt issues.
Technical Competencies
Financial Markets emerging issues
National, regional and international statutory trading requirements
Foreign exchange management and operations
Treasury management
Interest rates and pricing
Market analysis
Pricing and evaluation
Accounting and taxation implications
Resource Associates Limited
Portfolio management
Structural and financial engineering
Investment policies
Banking laws and regulations
Strategic Planning
Behavioural/ General Competencies
Leadership and people management including performance management, talent management, coaching & mentoring;
High level interpersonal and cross-cultural skills, including ability to build consensus,
alliances and collaborative relationships with sensitivity to diversity;
Visionary, with in-depth knowledge of the state of financial development in Kenya, within
the wider global economy, and the linkages within different economic sectors as well as
across regions;
Critical & analytical thinking and problem solving skills, ability to understand issues from multiple perspectives and consider wider business context when crafting solutions;
Commitment to consistent delivery of the highest quality outputs, with deep technical
understanding and attention to detail;
Organisational and administrative skills;
Confidence to speak at international fora on financial issues;
Strategic thinking and ability to design long-term plans and programs to develop staff
competences in line with strategic priorities;
Ability to consider emerging trends, developments and long-term opportunities and align organisational requirements with desired outcomes;
Communicate clearly, simply and in a structured manner; and use of communication
tools appropriately and effectively;
Identification of departmental risks, market risks, and develop mitigating actions.
Citizenship
Must be a Kenyan Citizen
How to Apply
For more information and job application details, see; Resource Associates Limited Head of External Payments Reserves Management Jobs in Kenya
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