Republic of Kenya
Public Service Commission
Recruitment of Chairperson, Governor
and Deputy Governor - Central Bank of Kenya
Declaration of Vacancies
1. Chairperson, Central Bank of Kenya
(One (1) Post)
For appointment to the position of
Chairperson, Central Bank of Kenya, a person shall:
(i) be a citizen of Kenya;
(ii) be a fit and proper person of
recognized professional standing;
(iii) have a Bachelors and a Masters
degree in any of the following fields: Economics, Banking, Finance or Law;
(iv) be knowledgeable or experienced
in monetary, financial, banking and economic matters or other disciplines
relevant to the functions of the Central Bank;
(v) have over ten (10) years
experience at top management level in the field of economics, banking,
finance, law or other fields relevant to the functions of the Central Bank;
finance, law or other fields relevant to the functions of the Central Bank;
(vi) have undergone corporate
governance training; and
(vii) be a person of integrity and
meet the requirements of Chapter Six of the Constitution of Kenya.
Added advantage: Demonstrated ability to provide leadership to a large and diverse group of multicultural employees and has served in a board of a bank or financial institution.
Personal Attributes
(i) be a strategic, result oriented
and creative thinker able to make precise decisions.
(ii) have demonstrable leadership and
management competencies.
(iii) the ability to make sound
judgment.
(iv) excellent communication and
interpersonal skills.
(v) excellent liaison and negotiation
skills.
Duties and Responsibilities
The Chairperson shall convene and
chair the meetings of the Board which shall be responsible for:
(i) determining the policy of the
Bank, other than the formulation of monetary policy;
(ii) determining the objectives of
the Bank, including oversight for its financial management and strategy;
(iii) keeping under constant review
the performance of the Bank in carrying out its functions;
(iv) keeping under constant review
the performance of the Governor in discharging the responsibility of that
office;
(v) keeping under constant review the
performance of the Governor in ensuring that the Bank achieves its objectives;
(vi) 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,
(vii) keeping under constant review
the use of the Bank’s resources.
2. Governor, Central Bank of Kenya
(One (1) Post)
For appointment to the position of
Governor, Central Bank of Kenya, a person shall:
(i) be a citizen of Kenya;
(ii) be a fit and proper person of
recognized professional standing;
(iii) have a Bachelors and a Masters
degree in any of the following fields: Economics, Banking, Finance or Law;
(iv) 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 of the Central Bank;
(v) have knowledge or experience in
monetary , financial, banking and economic matters or other disciplines
relevant to the functions of the Central Bank;
(vi) have deep understanding of global
financial sector trends; and
(vii) be a person of integrity and
meet the requirements of Chapter Six of the Constitution of Kenya.
Added advantage: Proven track record of performance at top Leadership position in managing a group of multicultural employees in a large public, private or international organization.
Personal Attributes
(i) be a strategic, result oriented,
creative and analytical thinker.
(ii) have proven leadership and top
management skills.
(iii) sound judgment and decision making
skills.
(iv) excellent communication and
interpersonal skills.
Duties and Responsibilities
The Governor shall be the chief
executive officer of the Bank and subject to the general policy decisions of
the Board shall:
(a) be responsible for the management
of the Bank including the organization, appointment and dismissal of the staff
in accordance with the general terms and conditions of service established by
the Board;
(b) have authority to incur
expenditure for the bank within the administrative budget approved by the
Board; and
(c) be the principal representative
of the bank and shall in that capacity have authority
(i) to represent the Bank in its
relations with other public entities, persons or bodies;
(ii) to represent the Bank, either
personally or through counsel, in any- legal proceedings to which the Bank is a
party; and
(iii) to sign individually or jointly
with other persons contracts concluded by the Bank, notes and securities issued
by the Bank reports, balance sheets, and other financial statements,
correspondence and other documents of the Bank.
3. Deputy Governor, Central Bank of Kenya
(One (1) Post)
For appointment to the position of
Deputy Governor, Central Bank of Kenya, a person should:
(i) be a citizen of Kenya;
(ii) be a fit and proper person of
recognized professional standing;
(iii) have a Bachelors and a Masters
degree in any of the following fields: Economics, Banking, Finance or Law;
(iv) 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 of the Central Bank;
(v) have knowledge or experience in
monetary , financial, banking and economic matters or other disciplines
relevant to the functions of the Central Bank; and
(vi) be a person of integrity and
meet the requirements of Chapter Six of the Constitution of Kenya.
Added advantage: Proven track record of performance at top Leadership position in managing a group of multicultural employees in a large public, private or international organization.
Personal Attributes
(i) be a strategic, result oriented,
creative and analytical thinker.
(ii) have proven leadership and top
management skills.
(iii) sound judgment and decision
making skills.
(iv) excellent communication and
interpersonal skills.
Duties and Responsibilities
The Deputy Governor shall be
responsible to the Governor, Central Bank of Kenya and will deputize the
Governor in all his duties and responsibilities.
Disqualification Criteria
No person shall be appointed as
Chairperson, Governor, or Deputy Governor of the Central Bank of Kenya if
he/she is:
(a) a Member of the Parliament or a
Member of a County Assembly;
(b) a salaried employee of any public
entity (except on a secondment basis);
(c) a director, officer, employee,
partner in or shareholder of any specified bank or specified financial
institution.
institution.
The Governor and Deputy Governor
shall not engage in any paid employment or business or professional activity
outside the duties of their respective offices.
Interested applicants are requested to note that:
(i) The Chairperson, Governor and
Deputy Governor shall hold office for a term of four years, but shall be
eligible for re-appointment for one further term of four years.
(ii) The Chairperson shall be paid by
the Bank such allowances as may be determined from time to time.
(iii) The Governor and Deputy
Governor shall be paid by the Bank such salaries and allowances as may be
determined from time to time.
(iv) This advertisement can be
accessed on the Commission’s website www.publiceservice.go.ke.
The names of all applicants and those shortlisted shall be published on the
Commission’s website after the closure of the advert.
(v) All applicants should attach
clearances from the following bodies:
(a) Kenya Revenue Authority,
(b) Higher Education Loans Board,
(c) A licensed Credit Reference Bureau,
(d) Ethics and Anti- Corruption Commission,
(e) Director of Criminal Investigations,
(f) Relevant Professional Body.
Mode of Application
(b) Higher Education Loans Board,
(c) A licensed Credit Reference Bureau,
(d) Ethics and Anti- Corruption Commission,
(e) Director of Criminal Investigations,
(f) Relevant Professional Body.
Mode of Application
(i) All applications should be
submitted together with detailed curriculum vitae, a copy of ID/Passport,
copies of academic certificates, testimonials, clearances, publications (if
any) and any other relevant supporting documents.
(ii) Applications should be submitted
in a sealed envelope clearly marked “Application for Chairperson Central Bank
of Kenya or Application for Governor, Central Bank of Kenya, or Application for
Deputy Governor, Central Bank of Kenya” and addressed and delivered to:
The Secretary,
Public Service Commission,
Commission House,
P. O. Box 30095 – 00100,
Nairobi, Kenya
So as to be received on or before 24th March, 2015 (latest by 5.00 p.m.)
Alice A. Otwala (Mrs.) CBS
Secretary/CEO
Public Service Commission