Chairperson at Central Bank of Kenya

For appointment to the position of Chairperson Central Bank of Kenya, a person should:

• be a citizen of Kenya;
• be a fit and proper person of recognized professional standing;
• have a Bachelors degree in any of the following fields: Economics, Banking, Finance or Law;
• have over ten (10) years’ experience at senior management level in the field of economics, banking, finance, law, or other fields relevant to the functions ofthe Central Bank;
• have knowledge or experience in monetary, financial, banking, and economic matters or other disciplines relevant to the functions of the Central Bank;
• have undergone corporate governance training; and
• be a person of integrity and meet the requirements of Chapter Six of the Constitution of Kenya

BEHAVIORAL/GENERAL COMPETENCIES

• leadership and people management including performance management;
• high level interpersonal and cross-cultural skills, including ability to build consensus, alliances, and collaborative relationships with sensitivity to diversity;
• organisational and administrative skills;
• oral and written communication skills- ability to communicate clearly, simply and in a structured manner; and to use communication tools appropriately and effectively;
• knowledge and ability to ensure good governance practices;
• strategic, result oriented and creative thinker able to make precise decisions;
• ability to make sound judgment; and
• excellent liaison and negotiation skills

DUTIES AND RESPONSIBILITIES

The Chairperson shall convene and chair the meetings of the Board which shall be responsible for:

• determining the policy of the Bank, other than the formulation of monetary policy;
• determining the objectives of the Bank, including oversight for its financial management and strategy;
• keeping under constant review the performance of the Bank in carrying out its functions;
• keeping under constant review the performance of the Governor in discharging the responsibility of that office;
• keeping under constant review the performance of the Governor in ensuring that the Bank achieves its objectives;
• determining whether the policy statements made pursuant to section 4B are consistent with the Bank’s primary function and policy objectives under section 4; and
• keeping under constant review the use of the Bank’s resources

DISQUALIFICATION CRITERIA

No person shall be appointed as Chairperson of the Central Bank of Kenya if he/she is:

• a Member of the Parliament or a Member of a County Assembly.
• a salaried employee of any public entity (except on a secondment basis).
• a director, officer, employee, partner in or shareholder of any specified bank or specified financial institution.

TERMS OF SERVICE

• The Chairperson shall hold office for a term of four (4) years, but shall be eligible for reappointment for one further term of four years.
• The Chairperson shall be paid by the Bank such allowances as may be determined from time to time.

INTERESTED APPLICANTS ARE REQUIRE TO NOTE THAT:

• Serving public officers will be required to resign or be granted leave of absence if successful;
• The names of all applicants and those shortlisted shall be published in the print media and on the Commission’s website;
• Applicants should attach current and valid clearances from the following bodies:
  • Kenya Revenue Authority;
  • Higher Education Loans Board;
  • A Registered Credit Reference Bureau;
  • Directorate of Criminal Investigations ( Police Clearance Certificate);
  • Printed Online Self-declaration Application Acknowledgement Receipt or a Selfdeclaration Form duly stamped for this Job Application by the Ethics and AntiCorruption Commission; and
  • Recommendation from relevant professional bodies and associations (where applicable).