Are you looking for an
employer who promotes individual excellence and mutual respect in a team-driven
culture with a key focus on social empowerment?
We are looking for dynamic, creative and self-oriented professionals to fill the position of:
Head, Money Markets
The successful person will report to the Treasurer.
Job Summary:
As Head Money Market, the role holder will be expected to develop and implement the unit strategies in consultation with the Treasurer.
Main Duties:
- Daily
management of the Central Bank accounts, clearing, Intra day liquidity
facility (ILF) and Domestic Foreign currency (DFCC) accounts.
- Generate
daily money market position report and blotters for local and overseas
accounts
- Monitor
all incoming Kenya Shilling Real Time Gross Settlement credits and debits
and their effects on resultant net position.
- Supervision
and motivation of staff in Money Market Unit
- Manage
the RTGS payment system & control real time payments to ensure customer
satisfaction & compliance with RTGS rules
- The
incumbent will consistently keep track of the Banks investment portfolios
i.e. Treasury Bills, Bonds & Repurchase Agreements and other market
placements in line investment policy and income targets.
- The
Head, Money market shall manage the bank’s cost of deposits/ liabilities
within the corporate objectives of the Bank
- Generate
deposit rates for use by branches and ensure circulation of the same to
relevant business units
- Co-ordinate
with treasury back office for all outstanding entries into the system and
the accounts under control.
- Develop
and implement Money Market & Fixed Income strategy aimed at meeting
the set targets and business growth.
- Develop
and implement new Money Market products and services that enhance the
bank’s income and deepen the Money Markets.
- To
manage the bank’s daily cash and clearing operations in all Central Bank
of Kenya accounts for both local and domestic foreign currency accounts.
- Undertake
money market funding activity to ensure that the bank’s accounts in Kenya
and overseas are adequately funded to meet the bank’s daily obligations
and settlements.
- Transact
in government of Kenya securities in Treasury bonds, treasury Bills,
Repurchase agreements, Horizontal repos and vertical repos and other
approved tools that yield income for the bank.
- Keep
track of the banks liquid investments on periodic basis and offer
recommendations to the Head, Money markets for prudent and optimal
investment income.
- Negotiate
and price wholesale customer deposits in conjunction with the major
liability relationship centres and branches.
- Responsible
for delivering the bank’s annual financial target objective for the
respective income streams that are attributed to the money market
function.
Job specification:
The incumbent will be required to possess the following qualifications, attributes and skills:
The incumbent will be required to possess the following qualifications, attributes and skills:
- University
Degree from a recognized university – Masters degree an added advantage
- Minimum
7 years Treasury experience most of which must be in Money Market at least
2 at decision making level
- Relevant
professional qualifications
- Excellent
understanding of the Money markets and Fixed Income and developments in
the market
- Excellent
knowledge of foreign exchange and other Treasury products and end to end
operations related to the products
- Experience
in using Reuters trading platforms and operational understanding of SWIFT
- A
thorough knowledge of the Bank’s credit risk policies is essential.
- A fair
knowledge of the Bank’s other products and services is necessary
Interested candidates meeting the above criteria should forward
an application enclosing detailed Curriculum Vitae accompanied by copies of
certificates and indicating the current remuneration to the address shown below
or send to jobs@co-opbank.co.ke by 10th September 2012.
We are an equal opportunity employer.
Only the short listed candidates will be contacted.
We are an equal opportunity employer.
Only the short listed candidates will be contacted.
Please quote this reference on your application and on the envelope: Head-Money Markets/08/2012
The Director
Human Resources Division
Co-operative Bank of Kenya Ltd.
P.O. Box 48231-00100
Nairobi
