Job Purpose

This position supports the Director, Financial Markets Department in providing strategic leadership and oversight of the Settlements, Accounting & Control Division, setting divisional strategy, establishing robust risk and governance frameworks and ensuring end-to-end excellence in domestic and foreign transaction processing, clearing, settlement, accounting, reconciliation and control functions in the Division.

Key Duties and Responsibilities

Strategic Responsibilities

• Provide leadership and expertise to a team in the execution of the mandates. He/she will be required to work closely with Heads of other business functions and Management to define forward-looking best practice strategic initiatives for the function.
• Contribute as appropriate to the performance of other functions and to the overall achievement of CBK's strategic objectives.
• Work effectively as part of the senior departmental management team to deliver on the key result areas and demonstrate competencies of his/her role.

Technical and Operational Responsibilities

• End-to-end oversight of domestic and foreign payments: clearing and settlement, confirmations, reconciliation, budgeting, accounting, custodial services and cash management.
• Coordinate integration and performance of core banking and financial systems: RTGS, SWIFT, ORACLE, Treasury platforms, market infrastructure (e.g., DhowCSD) and any other system necessary for proper and timely recording of transactions.
• Define and enforce internal controls, segregation of duties, and access governance across settlement, accounting, and forex custodial functions.
• Ensure timely resolution of all payment queries and investigations; supervise high-value transactions and escalations.
• Ensure that interests and redemptions are funded, processed and paid in an efficient and timely manner.
• Lead divisional financial reporting and closure; ensure accuracy of trial balances, sub-ledgers, and reconciliations for bank accounts, securities registers, FX transactions, money market, and fixed income portfolios.
• Oversee government securities operations: auction settlement, interest and redemption funding, corporate actions, and post-trade reporting.
• Establish liquidity risk practices (intraday monitoring, funding forecasts, collateral optimization) supporting monetary policy operations and reserves management.
• 9. Strengthen cybersecurity and data integrity: message authentication, encryption, audit trails, incident response for critical payment systems.
•  Ensure business continuity and disaster recovery strategies are in place, e.g., set Recovery Time Objective (RTO) targets and run failover tests.
• Drive automation/STP and analytics initiatives to improve timeliness, accuracy, and cost efficiency.
• Coordinate internal and external audits; close findings with durable remediation tracked via risk registers.
• Coordinate maintenance of customer static data such as Standing Settlement Instructions (SSIs) and master data governance.
• Lead policy, procedure, and standards development for settlements, accounting, custody, and reconciliations; maintain up-to-date manuals and SOPs.
• Coordinate the overall financial reporting function in the Financial Markets Department.

Other Responsibilities

• Coach, mentor, and develop divisional talent; run succession planning and capability uplift programs.
• Represent CBK in committees, working groups, and stakeholder forums on payment systems and market operations and other strategic initiatives.
• Any other assigned duties and responsibilities

Qualifications

• Bachelor's Degree in Accounting, Business, Finance, Economics, Banking or similar field from a recognized institution.
• Master's Degree in Accounting, Business, Finance, Economics, Banking, or similar field, or a professional qualification in a relevant field is an added advantage.
• Membership of a relevant professional body is an added advantage.
• Clear understanding of financial markets, banking, and relevant emerging issues in:
• National, regional, and international regulatory and statutory requirements.
• Foreign payments operations.
• Monetary policy operations.
• Government borrowing.
• Foreign exchange management and operations.
• Risk management.

Work Experience

• At least twelve (12) years' work experience in a relevant field including financial reporting, with at least two (2) years leading and driving Treasury Management in a reputable Bank, Financial Institution, Investment and Fund Management organization or related field.
• International working experience in financial markets institutions or multi-layered think tanks.
• High-level networking at national, regional, and global levels.
• Experience in managing a professional team of senior financial and market operations analysts.
• Demonstrated capacity in strategic and analytical thinking, sound policy judgment in areas of financial and capital markets as well as debt issues.

go to method of application »