Job Purpose

The role holder is the Senior Manager of Settlements, Accounting & Control Division and is responsible for ensuring that the Division meets its functional responsibilities and makes these contributions effectively and efficiently.

Key Duties and Responsibilities

Strategic Responsibilities

• Assists the Head of Division with on-going and long-term management and development of the Financial Markets.
• Contribute as appropriate to the performance of other functions and to the overall achievement of CBK’s strategic objectives
• Work effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.

Technical and Operational Responsibilities

• Oversees the day-to-day processing of transactions in:
  • Foreign Payments.
  • Forex Settlements, Accounting and Custody.
  • Domestic settlements.
  • Reconciliations and budget sections.
• Responsible for timely, safe, and efficient:
  • Forex and domestic transactions clearing, transactions settlement and reconciliations.
  • Forex payments and confirmations.
  • Budgeting.
  • Accounting.
  • Custodial services.
  • Cash management.
• Ensure that payment queries and investigations are resolved in an efficient, effective, and timely manner.
• Responsible for Third Party guarantees’ confirmations to Government Ministries, Departments and Agencies.
• Responsible for the reconciliation of banks’ accounts, securities, transactions, payments, and settlements
• Ensure reports and statements are submitted to stakeholders on a timely basis.
• Ensure that Government Securities Interests and redemptions payments are processed and paid in an efficient and timely manner.
• Ensure that funding requests are accurate and submitted to the National Treasury on time.
• Ensure that interests and redemptions payments are funded on time.
• Ensure that interests and redemptions accounts are reconciled after every payment date.
• Contribute to the development of Government Securities (GS) issuance program and strategies.
• Participate in stakeholder consultations and domestic debt market development initiatives/programs.
• Ensure proper integration of the Banks overall financial system with SWIFT, RTGS, ORACLE and any other system necessary for proper and timely recording of the transactions.
• Responsible for the maintenance of customer static data such as SSIs.
• Responsible for the reconciliations of bank accounts, Government securities’ registers and reports, money market and fixed income securities, forex transactions, among others.
• Oversee implementation of finance policies and guidelines and internal controls.
• Provide leadership, appraise, and manage performance of staff within the section.
• Responsible for Departmental budget preparation and monitoring.
• Facilitation of internal and external audits.

Other Responsibilities

• Coach, mentor and motivate staff.
• Any other assigned duties and responsibilities.

Qualifications

• Bachelor’s degree in Accounting, Business, Finance, Economics Or Banking or similar field
• Professional qualification in ICPAK or relevant field study.
• Master’s degree in Economics, Finance, Banking, or a relevant field is an added advantage.
• Clear understanding of Financial Markets, Banking, and relevant emerging issues in:
  • National, regional, and international regulatory and statutory requirements.
  • Foreign payments operations.
  • Monetary policy operations.
  • Government borrowing.
  • Foreign Exchange management and operations.
  • Risk management.

Work Experience

At least ten (10) years’ experience in Financial Analysis, Investment, Portfolio Management, Banking, and any other relevant area; three (3) of which should be in a supervisory capacity.

Competencies

Technical Competencies

• Good knowledge and experience of:
  • Domestic and foreign transactions’ settlement.
  • Portfolio Management.
  • Money markets.
  • Foreign exchange market.
  • Derivatives markets.
  • Interest rates and financial instruments pricing.
  • Fundamental and technical analysis.
  • Financial Markets emerging issues.
  • Domestic Debt Management.
  • Government financial management.
  • Capital markets.
  • Banking laws and regulations.
  • Accounting standards.
  • Finance policies and guidelines.
  • Investments’ accounting and taxation implications.
  • Knowledge of Regional Payments Systems.
  • Strategic Planning.
  • Budgeting and Planning.

Behavioral/ General Competencies

• Leadership and people management including performance management, coaching & mentoring.
• Critical and analytical thinking and problem-solving skills.
• Project management skills.
• Organisational and administrative skills.
• Ability to be forward thinking and use technology and other modern tools to drive decision making and implementation.
• Ability to consider emerging trends, developments and long-term opportunities and align. organisational requirements with desired outcomes.
• Strategic thinking and decision making.
• Independence of thought and objectivity.
• Professionalism, integrity, and honesty in line with CBK values.
• Good communication skills - oral and written.
• Ability to withstand strategic and operational challenges and maintain momentum.
• Emotional intelligence.
• Governance - knowledge and ability to ensure good governance practices.
• Ability to manage multiple stakeholders and drive change.

• Assists the Head of Division with on-going and long-term management and development of the Financial Markets.
• Contribute as appropriate to the performance of other functions and to the overall achievement of CBK’s strategic objectives
• Work effectively as part of the team to deliver on the Key Result Areas and demonstrates competencies of his/her role.
• Oversees the day-to-day processing of transactions in: Foreign Payments, Forex Settlements, Accounting and Custody, Domestic settlements, Reconciliations and budget sections.
• Responsible for timely, safe, and efficient: Forex and domestic transactions clearing, transactions settlement and reconciliations, Forex payments and confirmations, Budgeting, Accounting, Custodial services, Cash management.
• Ensure that payment queries and investigations are resolved in an efficient, effective, and timely manner.
• Responsible for Third Party guarantees’ confirmations to Government Ministries, Departments and Agencies.
• Responsible for the reconciliation of banks’ accounts, securities, transactions, payments, and settlements
• Ensure reports and statements are submitted to stakeholders on a timely basis.
• Ensure that Government Securities Interests and redemptions payments are processed and paid in an efficient and timely manner.
• Ensure that funding requests are accurate and submitted to the National Treasury on time.
• Ensure that interests and redemptions payments are funded on time.
• Ensure that interests and redemptions accounts are reconciled after every payment date.
• Contribute to the development of Government Securities (GS) issuance program and strategies.
• Participate in stakeholder consultations and domestic debt market development initiatives/programs.
• Ensure proper integration of the Banks overall financial system with SWIFT, RTGS, ORACLE and any other system necessary for proper and timely recording of the transactions.
• Responsible for the maintenance of customer static data such as SSIs.
• Responsible for the reconciliations of bank accounts, Government securities’ registers and reports, money market and fixed income securities, forex transactions, among others.
• Oversee implementation of finance policies and guidelines and internal controls.
• Provide leadership, appraise, and manage performance of staff within the section.
• Responsible for Departmental budget preparation and monitoring.
• Facilitation of internal and external audits.
• Coach, mentor and motivate staff.
• Any other assigned duties and responsibilities.

• Domestic and foreign transactions’ settlement.
• Portfolio Management.
• Money markets.
• Foreign exchange market.
• Derivatives markets.
• Interest rates and financial instruments pricing.
• Fundamental and technical analysis.
• Financial Markets emerging issues.
• Domestic Debt Management.
• Government financial management.
• Capital markets.
• Banking laws and regulations.
• Accounting standards.
• Finance policies and guidelines.
• Investments’ accounting and taxation implications.
• Knowledge of Regional Payments Systems.
• Strategic Planning.
• Budgeting and Planning.
• Leadership and people management including performance management, coaching & mentoring.
• Critical and analytical thinking and problem-solving skills.
• Project management skills.
• Organisational and administrative skills.
• Ability to be forward thinking and use technology and other modern tools to drive decision making and implementation.
• Ability to consider emerging trends, developments and long-term opportunities and align. organisational requirements with desired outcomes.
• Strategic thinking and decision making.
• Independence of thought and objectivity.
• Professionalism, integrity, and honesty in line with CBK values.
• Good communication skills - oral and written.
• Ability to withstand strategic and operational challenges and maintain momentum.
• Emotional intelligence.
• Governance - knowledge and ability to ensure good governance practices.
• Ability to manage multiple stakeholders and drive change.

• Bachelor’s degree in Accounting, Business, Finance, Economics Or Banking or similar field
• Professional qualification in ICPAK or relevant field study.
• Master’s degree in Economics, Finance, Banking, or a relevant field is an added advantage.
• Clear understanding of Financial Markets, Banking, and relevant emerging issues in: National, regional, and international regulatory and statutory requirements, Foreign payments operations, Monetary policy operations, Government borrowing, Foreign Exchange management and operations, Risk management.