Head, Financial Sector at Central Bank of Kenya

REF No. HFS-CBK

The Head of the Financial Sector Analysis Division is a Deputy Director role reporting to the Director, Research Department and is responsible for coordinating and overseeing the financial sector stability, financial inclusion and innovations analysis. This is aimed at fostering financial systems stability, a macro-prudential objective: financial inclusion measurement which include access. usage. quality and impact dimensions; as well as financial inclusion and innovations analysis. The role is also responsible for fostering regional integration initiatives and international collaborative initiatives.

Key role Responsibilities:

• Benchmark analytical capability for financial stability surveillance, assessment and analysis (macro-prudential objective].
• Benchmark analytical capability to enhance financial inclusion measurement scope and financial inclusion and innovations analysis, including digital financial services and fintech.
• Support Government programmes, EAC integration process and other regional and international collaborative initiatives.
• Support the establishment of a database for effective financial system stability surveillance. assessment and analysis (macro-prudential objective) and financial inclusion and innovations analysis.
• Work closely with both internal and external stakeholders in the compilation, analysis and dissemination of Financial Soundness Indicators (FSIs), and financial inclusion indicators.
• Give direction to and oversee the development, adoption, domestication and implementation of financial stability assessment and analytical toolkits
• Provide direction in and ensure the development, domestication and implementation of stress testing frameworks.
• Ensure effective coordination of financial stability assessments and analysis including financial system vulnerabilities, macro-financial linkages. conglomerates and cross-border spill-overs and preparation of Reports.
• Work closely with other stakeholders and coordinate the development of macro-prudential policy frameworks and toolkits.
• Promote and participate in the EAC integration process and other national, regional and international collaborative initiatives.
• Provide and coordinate technical support to the Monetary Policy Committee (MPC) and the Board as required by the Bank Management.

Position and person Specifications:

The ideal candidate:

• Must demonstrate knowledge and experience in financial inclusion innovation and financial stablity analysis.
• Must have an in-depth understanding of the financial sector and experience in carrying our financial research and supervising researchers.
• Must be a published researcher in financial inclusion, innovation, financial systems stability cr similar fields.
• Should have the experience and ability to work with other financial regulators in the market.
• Should embrace a spirit of operational excelence in the quality of work and output.
• Should demonstrate enhanced leadership capabilities, strategic thinking and sound negotiation abilities.
• Strong project management experience
• Good report writing and communication skills

Academic and professional qualifications requirements:

• A minimum of twelve (12) years" post graduate qualification and research on pertinent economic issues, of which all least ten (10) years must be in the grade of a manager or equivalent in the financial sector or related institutions.
• At least a Master's degree in Economics, Financial Economics, Econometrics or Statistics from a reputable university.
• A PhD Degree in Economics, Financial Economics. Econometrics or Statistics from a reputable university is an added advantage.
• Extensive use of financial stability diagnostic toolkits such as Cihak Stress Testing Framework. NodeXL. CR+, Tableau Pubic etc.
• Demonstrate an excellent track record in copacity building in financial stability, financial markets and financial inclusion programmes at the national and regional level. Competency in statistical software e.g. ArcGIS. MATLAB. PASW, STATA. E-Views. NodeXL. Tableau Pubic, etc.
• Excelent knowledge and understanding of regulatory and supervisory practices:
• Extensive knowledge of the national, regional financial and economic integration initiatives including Joint Financial Sector Regulators Forum (JFSRF). Monetary Affairs Committee of EAC. COMESA Monetary Institute, Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), International Monetary Fund (IMF). The World Bank, Aliance for Financial Inclusion. Financial Sector Deepening Trust (FSD) Kenya, elc.