Senior Manager, Settlements, Accounting & Control at Central Bank of Kenya

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.