The Senior Manager of Settlements, Accounting & Control Division is responsible for ensuring that the Division meets its functional responsibilities and makes these contributions effectively and efficiently within the Central Bank of Kenya (CBK).
Key Duties and Responsibilities
Strategic Responsibilities
- Assists the Head of Division with ongoing 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, and Reconciliations and budget sections.
- Responsible for timely, safe, and efficient Forex and domestic transactions clearing, transactions settlement and reconciliations, budgeting, accounting, custodial services, and 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 Bank's 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 and Experience
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.
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