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
