Strategic Responsibilities

• Contribute as appropriate to the performance of the function 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

• Processes Government Payments, CBK foreign exchange and 3rd party payments with set timelines.
• Processes third party guarantees’ confirmations to Government Ministries, Departments and Agencies (MDAs).
• Processes Projects and Eurobonds accounts opening requests.
• Reviews payments summary reports and highlight unreconciled items.
• Act as subject matter expert on foreign payment operations.
• Avail information and explanations on issues related to Payments Administration.
• Follow standardized controls and operational metrics to track transactions performance and production.
• Drafts and implements initiatives to increase efficiency and reduce potential risk.
• Ensures adherence to Payment policies and procedures.

Other Responsibilities

•  Any other assigned duties and responsibilities.

Qualifications

• Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or related field.
• Clear understanding of financial markets, banking, and relevant emerging issues in:
  • National, regional, and international regulatory and statutory requirements
  • Public Debt Management
  • Foreign Exchange management and operations
  • Risk management

Work Experience

At least three (3) years of relevant work experience in a relevant field.

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Job Purpose

The role holder is a member of Domestic Settlements Section and participates in the operations of the section to ensure that Open Markets Operations settlement and Government Securities interests and redemptions payments are processed effectively and efficiently among other things.

Key Duties and Responsibilities

Strategic Responsibilities

• Contribute as appropriate to the performance of the function and to the overall achievement of the Bank’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

• Processes OMO transactions.
• Monitors and advises on the funding of Government Securities payment accounts.
• Follows up funding of cash call ups from National Treasury.
• Manages and advises on IRA un- cancelled lien accounts.
• Manages and advises on returned funds.
• Ensures control of deceased investor accounts.
• Handles rediscount of REPO, RESO.
• Prepare interest and redemption payments of government securities.
• Monitor transactions related to government securities payments for interest and redemptions.
• Settle transactions related to returned funds, deceased investor funds, IRA un-cancelled liens.
• Prepare tax payments on interest.
• Follow up funding of cash call ups from National Treasury.
• Initiate payment investigations where necessary.
• Adhere to finance polices and guidelines and internal controls.
• Report on any risks emanating from the payment process and work to mitigate the identified risks by process review and improvements.

Other Responsibilities

• Any other assigned duties and responsibilities.

Qualifications

• Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or similar field
• Clear understanding of Financial Markets, Banking, and relevant emerging issues in:
  • National, regional, and international regulatory and statutory requirements.
  • Monetary Policy implementation.
  • Government borrowing.
  • Securities Settlements operations.

Work Experience