• 7:26 AM
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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? 

The Co-operative Bank of Kenya, “the Kingdom Bank” is the place for those looking to new horizons.

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:
  • 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.
    
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

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