1. Role Details
Job Title: Director, Research
Job Title: Director, Research
Location: Nairobi, Kenya
Employment Type: Full time
Department: Research Department
Responsible for: Research Team
Reports to: Chief Executive Officer
Our client, a large leading financial
institution in Kenya wishes to recruit a highly experienced, competent,
motivated and self-driven individual with excellent credentials and strategic
mind to competitively fill the above position.
Our client is looking to identify an
experienced leader who will play a pivotal role at the Institution’s Research
function. He/She is expected to be an exceptional leader with superior
knowledge of the financial services sector in Kenya, have a demonstrable level
of success and possess excellent interpersonal skills.
2. Job Purpose
The role holder will provide
leadership to the Research team in developing monetary policy frameworks and
strategies, facilitate domestic and global macroeconomic analysis and research
to inform monetary policy formulation and implementation. S/he shall provide
economic advice to the Institution Management and Government.
The Director Research will work
closely with the Monetary Policy Committee (MPC).
3. Key Responsibilities
·
Ensure formulation of prudent
monetary policy, frameworks and strategies that set feasible and appropriate
targets to achieve and maintain price stability including exchange rates,
interest rates and inflation and support monetary policy implementation. This
includes designing the monetary programs.
·
Frame and implement appropriate
economic research agenda for the institution at national, regional and global
levels. In this regard provide leadership to undertake and disseminate research
and related analysis on micro and macro-economics;
·
Provide leadership for the promotion
of robust economic analysis (both fiscal and external), including development
of the statistical capacities and systems for the provision of timely and reliable
data for policy dialogue and formulation;
·
Provide effective and efficient
technical and secretariat support to the Monetary Policy Committee and Monetary
Policy Management Committee;
·
Ensure effective coordination,
strengthening of the existing analytical tools and development of appropriate
economic policy analysis frameworks, instruments/ tools and models;
·
Ensure timely preparation,
publication, submission and dissemination of economic and financial reports to
the relevant bodies such as Parliament, the National Treasury and the general
public stakeholders;
·
Provide leadership for timely
periodic reporting of financial, and economic analysis with emphasis on
monetary policy formulation and implementation;
·
Ensure effective collaboration with
relevant departments on the effectiveness of monetary policy implementation and
market dynamics that informs policy change;
·
Prepare and process major statements,
speeches and briefs for the Chief Executive Officer for the high level
meetings, conferences and missions;
·
Liaise with IMF, World Bank and other
development partners as required on matters of monetary policy;
·
As assigned, represent the
institution in international and regional fora and provide the leadership
required to safeguard and strengthen stakeholder’s confidence in the
institution’s operations;
·
Development and maintenance of
economic and financial data base;
·
Participate in the development of
policies and innovative approaches to position the organization as a
learning/knowledge sharing organization;
·
Liaise with Communications division
on appropriate communication, branding and dissemination strategies for
publications;
·
Keep abreast and support in leading
regional monetary union integration discussions and feasibility assessments;
·
Champion and monitor the departmental
risk management framework and policies in liaison with the Risk Management
Division;
·
Develop, train, coach, motivate and
evaluate staff in the department to achieve highest levels of performance.
4. Minimum Requirements
Basic Education
1. Must have Master’s Degree in
Economics or related fields,
2. Bachelor’s degree in Economics,
Finance, Banking, Statistics or other related field;
3. PhD in Economics or other related
field is an added advantage.
4. Clear understanding of economics,
banking and relevant emerging issues in:
– Monetary and financial statistics
and trends
– Inflation and currency rates
– Financial markets
– Economic policy
– Reporting of financial data
– Financial and economics research
– Inflation and currency rates
– Financial markets
– Economic policy
– Reporting of financial data
– Financial and economics research
Experience
1. Not less than ten (10) years’
experience in economics, financial analysis, banking or closely related field,
five (5) of which must be in a senior leadership role in busy research based
organization with a bias in economic research and analysis,
2. International working experience in
Economic Policy Development and Analysis institutions or multi-layered
think-tanks;
3. A strong record of research in the
area of economics and statistical systems development with well-defined policy
implications;
4. High level networking at national,
regional and global levels;
5. Experience in managing a
professional team of senior researchers and statisticians;
6. Demonstrated understanding of the
challenges facing African Economies.
Technical Competencies
1. Monetary policy formulation and
implementation;
2. Macro-economic analysis;
3. Micro-economics analysis;
4. Fiscal and external analysis;
5. Economic data analysis;
6. Advanced research;
7. Quantitative analysis;
8. Statistical analysis;
9. Econometrics;
10. Foreign exchange reserves risk
management;
11. Market place risks;
12. Trade finance and trade policy
issues;
13. Financial markets instruments;
14. Regional economic integration;
15. Stakeholder Management;
16. Report writing -ability to
develop economic reports.
17. Communications and Presentation
skills
Behavioral / General Competencies
i) Leadership and people management
including performance management, coaching & mentoring;
ii) High level interpersonal and
cross-cultural skills, including ability to build consensus, alliances and
collaborative relationships with sensitivity to diversity;
iii) Must be a visionary, with
in-depth knowledge of the state of economic, financial and social development
in Kenya, within the wider global economy, and the linkages within different
economic sectors as well as across regions;
iv) Critical & analytical
thinking and problem solving skills- ability to understand issues from multiple
perspectives/layers and take account of the wider business context when
crafting solutions;
v) Commitment to consistent delivery
of the highest quality outputs, with deep technical understanding and attention
to detail;
vi) Organisational and administrative
skills;
vii) Strong outreach competencies
with ability to confidently speak at international fora on economic issues.
viii) Excellent public relations
skills with all potential users of the institution’s knowledge work and
statistics – analysts, academics, professional bodies and other international
organizations, and government agencies;
ix) Familiarity with the work of
other multilateral and bilateral development institutions and the private
sector, especially their roles in supporting economic reform agenda;
x) Ability to think strategically and
design long-term plans and programs to develop staff competences in line with
strategic priorities;
xi) Ability to consider emerging
trends, developments and long-term opportunities and align organisational
requirements with desired outcomes;
xii) Oral and written communication
skills- ability to communicate clearly, simply and in a structured manner; and
to use communication tools appropriately and effectively;
xiii) Ability to listen and
communicate effectively with oversight bodies, senior management and government
officials;
xiv) Risk management- ability to
identify departmental risks and develop mitigating measures.
5. Compensation Package
Base Salary: Competitive &
Attractive
Benefits: As per the institution’s
policy
Mandatory Requirements:
1. Should be a member of relevant
professional bodies with good standing.
2. Must be compliant with the
requirements of Chapter Six of the Constitution on Leadership and Integrity.
In addition, all successful
candidates will be required to obtain clearance from the following
Institutions:
·
Higher Education Loans Board
·
Kenya Revenue Authority
·
Ethics and Anti Corruption Commission
·
Credit Reference Bureau
·
The Directorate of Criminal
Investigations
How to Apply
If you are the candidate that we are
looking for please send your application through
executiveselection@resourceassociates.co.ke with the position applied for
(Director, Research) as the email subject no later than 15th April 2019.
We will require your complete
professional profile with your current remuneration and contact details
therein.
Only shortlisted candidates will be
contacted.
These positions are open only to
Kenyan Citizens.
1. Role Details
Job Title: Director,
Financial Markets
Location: Nairobi,
Kenya
Employment Type: Full
time
Department: Financial
Markets
Responsible for: Financial
Markets Team
Reports to: Chief
Executive Officer
Our
client, a large leading financial institution in Kenya wishes to recruit a
highly experienced, competent, motivated and self-driven individual with
excellent credentials and strategic mind to competitively fill the above
position.
Our
client is looking to identify an experienced leader who will play a pivotal
role at the Institution’s Financial Markets function. He/She is expected to be
an exceptional leader with superior knowledge of the financial services sector
in Kenya, have a demonstrable level of success and possess excellent
interpersonal skills.
2. Job Purpose
Financial
Markets Department (FMD) implements monetary policy decisions, manages the
country’s foreign exchange reserves and acts as a fiscal agent in Domestic debt
management.
Specifically,
FMD’s mandate, is to implement monetary policy decisions as directed by the
relevant authority, develop financial markets, manage foreign exchange reserves
and perform the agency role of domestic debt management on behalf of the
National Treasury. The department also facilitates payment of external
obligations on behalf of Government.
The
job holder provides leadership and expertise to a team in the execution of
these mandates and being a member of the senior management team, is expected to
work closely with Heads of other business functions and the Executive to define
forward looking best practice strategic initiatives for the department.
3. Key Responsibilities
·
Provide effective leadership in the
implementation of monetary policy decisions; government domestic debt
management as well as foreign exchange and foreign reserves management;
·
Develop financial markets strategies
and operational plans
·
Ensure close markets monitoring and
analysis both at local regional and global levels
·
Analyze and mitigate against
potential market risks and volatilities;
·
Ensure domestic debt management
processes and policies are in place;
·
Ensure short term interest rates are
consistent with the monetary policy stance;
·
Ensure that the interbank settlement
systems supports financial liquidity;
·
Ensure adequate liquidity in the
banking system;
·
Effectively manage monetary
operations so that monetary policy targets are achieved;
·
Ensures stable market determined
exchange rates;
·
Manage foreign exchange reserves in a
disciplined and effective manner;
·
Ensure compliance to statutory
requirements on foreign exchange reserves;
·
Facilitate effective forex
interventions and crisis management;
·
Lead and facilitate in the
development of deepened financial markets that enhance confidence in the
financial system including diversification of financial market instruments;
·
Champion and monitor the departmental
risk management framework and policies in liaison with the risk management
team;
·
Provide oversight over the
development of annual budgets;
·
Develop, train, coach, motivate and
evaluate staff in the department to achieve highest levels of performance.
4. Minimum Requirements
Basic Education
1.
Must have a Master’s Degree in Economics, Finance, Banking or relevant field;
2.
Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or
similar field;
3.
Professional qualification in relevant a field of study e.g. CFA, ACCA, CPA is
an added advantage;
4.
In depth technical knowledge and experience of financial and capital markets,
banking and relevant emerging issues in:
–
National, regional and international regulatory and statutory requirements
– Foreign exchange management and operations
– Foreign reserves management and operations
– Government borrowing and debt management strategies
– Treasury management
– Foreign exchange management and operations
– Foreign reserves management and operations
– Government borrowing and debt management strategies
– Treasury management
Experience
1.
Not less than ten (10) years’ experience in financial analysis, investment,
portfolio management, banking and any other relevant area; five (5) of which
MUST be at senior leadership (head or deputy level) role of a key function in a
large organization.
2.
International working experience in financial markets institutions or
multi-layered think-tanks;
3.
High level networking at national, regional and global levels;
4.
Experience in managing a professional team of senior financial and market
analysts;
5.
Demonstrated capacity in strategic and analytical thinking and sound policy
judgement in areas of financial and capital markets and debt issues.
Technical Competencies
1.
Financial Markets emerging issues;
2.
National, regional and international statutory trading requirements;
3.
Foreign exchange management and operations;
4.
Foreign reserves management and operations;
5.
Treasury management;
6.
Market intelligence & analysis;
7.
Domestic debt and debt strategies;
8.
Investor awareness;
9.
Pricing and evaluation;
10.
Portfolio management;
11.
Investment policies;
12.
Strategic Planning;
13.
Budgeting and budgetary controls;
14.
Ability to drive change;
15.
Project Management;
Behavioral / General Competencies
i)
Leadership and people management including performance management, coaching
& mentoring;
ii)
High level interpersonal and cross-cultural skills, including ability to build
consensus, alliances and collaborative relationships with sensitivity to
diversity;
iii)
Must be visionary, with in-depth knowledge of the state of financial
development in Kenya, within the wider global economy, and the linkages within
different economic sectors as well as across regions;
iv)
Critical & analytical thinking and problem solving skills- ability to
understand issues from multiple perspectives/layers and take account of the
wider business context when crafting solutions;
v)
Commitment to consistent delivery of the highest quality outputs, with deep
technical understanding and attention to detail;
vi)
Organisational and administrative skills;
vii)
Strong outreach competencies with ability to confidently speak at international
fora on financial issues.
viii)
Excellent public relations skills with all potential users of the institution’s
knowledge work and statistics – analysts, academics, professional bodies and
other international organizations, and government agencies;
ix)
Familiarity with the work of other multilateral and bilateral development
institutions and the private sector, especially their roles in supporting
financial reform agenda;
x)
Ability to think strategically and design long-term plans and programs to
develop staff competences in line with strategic priorities;
xi)
Ability to consider emerging trends, developments and long-term opportunities
and align organisational requirements with desired outcomes;
xii)
Oral and written communication skills- ability to communicate clearly, simply
and in a structured manner; and to use communication tools appropriately and
effectively;
xiii)
Ability to listen and communicate effectively with oversight bodies, senior
management and government officials;
xiv)
Risk management- ability to identify departmental and market risks and develop
mitigating measures.
5. Compensation Package
Base
Salary: Competitive & Attractive
Benefits:
As per the institution’s policy
Mandatory Requirements:
1.
Should be a member of relevant professional bodies with good standing.
2.
Must be compliant with the requirements of Chapter Six of the Constitution on
Leadership and Integrity.
In
addition, all successful candidates will be required to obtain clearance from
the following Institutions:
·
Higher Education Loans Board
·
Kenya Revenue Authority
·
Ethics and Anti Corruption Commission
·
Credit Reference Bureau
·
The Directorate of Criminal
Investigations
How to Apply
If
you are the candidate that we are looking for please send your application
through executiveselection@resourceassociates.co.ke with the position applied
for (Director, Research or Director, Financial Markets) as the email subject no
later than 15th April 2019.
We
will require your complete professional profile with your current remuneration
and contact details therein.
Only
shortlisted candidates will be contacted.
These
positions are open only to Kenyan Citizens.
