Head, Money Market & Fixed Income Unit - KCB Job Vacancies

Head, Money Market & Fixed Income Unit - KCB Job Vacancies
HISTORICAL BACKGROUND
    * The history of KCB dates back to 1896 when its predecessor, the National Bank of India opened an outlet in Mombasa. Eight years later in 1904, the Bank extended its operations to Nairobi, which had become the Headquarters of the expanding railway line to Uganda.
    * The next major change in the Bank’s history came in 1958. Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank.
    * Upon independence the Government of Kenya acquired 60% shareholding in National & Grindlays Bank in an effort to bring banking closer to the majority of Kenyans.  In 1970, the Government   acquired 100% of the shares to take full control of the largest commercial bank in Kenya. National and Grindlays Bank was renamed Kenya Commercial Bank.
    * In 1972, Savings & Loan (K) Ltd was acquired to specialize in mortgage finance.
    * In 1997, another subsidiary, Kenya Commercial Bank (Tanzania) Limited was incorporated in Dar-es-Salaam, Tanzania to provide banking services and promote cross-border trading.  Since then, the subsidiary has 11 branches.
    * In pursuit of its Vision: To be the preferred financial solutions provider in Africa with a global reach by 2013, in May 2006 KCB extended its operations to Southern Sudan to provide conventional banking services. The subsidiary has 11 branches .
    * The latest addition into the KCB Family came in November, 2007 with the opening of KCB Bank Uganda Limited which has 13 branches. In December 2008 KCB Rwanda began operations with one branch at Kigali. There are curently 9 branches spread out in the country.
    * The Government has over the years reduced its shareholding to 35% and more recently to 26.2% following the rights issue exercise in 2004, which raised KShs 2.45 billion in additional capital for the bank.
    * In the second Rights Issue exercise held in the year 2008, the Government further reduced its shareholding to 23.1% after raising additional capital for kshs 5.5billion.
    * The bank conducted the third Rights Issue exercise in 2010, in which the Government further reduced its shareholding to 17.74% after raising additonal capital of Kshs 12.5billion.
    * In 2010 S&L was merged with KCB providing access to mortgage finance through the bank's wide branch network.

Head, Money Market & Fixed Income Unit
Job Ref: TREASURY 05/2010

The Position
Reporting to the Divisional Director Treasury, the successful candidate will manage a profitable Fixed Income portfolio through market operation and manage the interest rate and liquidity risk of the Bank as per ALCO guide line.

Key Responsibilities
    * To ensure that the asset, liabilities and liquidity position of the Bank is maintained as per Bank’s guide line.
    * To ensure that investment is made as per ALCO decision.
    * To satisfy our existing clients’ investment and liquidity management needs and attract new clients through profitable market operation.
    * Ensure that the Bank funds itself daily and meets all its payment obligations.
    * Income generation for the Bank through target investments as per plan.
    * Provide leadership in ensuring that the Bank complies with interest rate and liquidity mismatch risk guide in line of CBK and the KCB Bank Group
    * To increase income and volume from customers through efficient pricing of deposits, offer of innovative solution and profitable trading in Fixed Income Market.

The Person
In order to be considered for the above position, all applicants should have:-
    * A University degree from a recognized university in a relevant field, e.g. Statistics, Maths, Economics, Finance, Computer Science etc preferably with an MBA or other relevant postgraduate qualification;
    * Professional Banking qualification or equivalent; ACIB/AKIB, CFA, CPA
    * Minimum 7 years proven working experience in a large dealing room/ Treasury Function 3 years of which must be at a senior level.
    * Proven track record in strategic planning and money market management.
    * Comprehensive understanding of all Treasury products including foreign exchange
      , money markets, derivatives and fixed income
    * Comprehensive understanding of the Treasury function from end to end including the back office processing component
    * Ability to build and maintain Business relationships
    * Strong leadership and interpersonal skills.

The above position is a demanding role for which the bank will provide a competitive package for the successful candidate.

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail and telephone contacts quoting the respective job title or ref no. in the subject field to recruitment@kcb.co.ke.
To be considered your application
must be received by 21st October 2010.

Only short listed candidates will be contacted.