Closing Date: Thursday, 29 Jan 2026 at 5.00 p.m.

Job Purpose

The role holder supports the Debt Strategy and Portfolio Management Section in fulfilling its functional responsibilities efficiently and effectively. The position requires working collaboratively within the team to deliver on Key Result Areas while demonstrating the required competencies of the role.

Key Duties and Responsibilities

Strategic Responsibilities

• Support the CBK strategic plan by providing inputs to draft divisional policy and strategy proposals aimed at promoting growth, stability, and access to financial markets.
• Contribute to financial market growth and development initiatives, including Kenya Vision 2030 Medium-Term Plans (MTPs), the Nairobi International Financial Centre (NIFC), and the Capital Markets Master Plan (CMMP).
• Operate in a high-involvement work environment with demanding schedules, including extended working hours and strict timelines.

Technical and Operational Responsibilities

Domestic Debt Strategy

• Domestic Debt Programme and Market Development Strategy (DDPMDS): Provide inputs into the design, development, review, and monitoring of the Domestic Debt Management Strategy on an annual basis.
• Domestic Debt Program (DDP): Contribute to the design, development, review, and monitoring of the annual Government Borrowing Program in line with National Treasury targets, cash requirements, government securities maturities, and appropriate instrument mix and issuance timing.
• Update the Government Borrowing Program (GBP) and prepare related analysis and reports as guided by Management.
• Issuance Planning: Provide input into proposals on Government securities issuance, including pricing considerations and preparation of monthly bond proposals for management approval and discussions with market stakeholders.
• Draft bond issuance proposals for monthly meetings, including analysis on pricing, yield curve development and management, instrument selection, portfolio analysis, and reporting in line with the PFMA, fiscal framework, and Medium-Term Debt Strategy (MTDS).
• Monetary Policy Committee (MPC) Support: Draft analytical reports and presentations for MPC deliberations.
• Government Securities Auctions: Draft reports and justifications for auction proposals based on debt management objectives, prevailing market conditions, and market development goals.
• Prepare proposals on domestic debt management and market development issues in support of the Bank’s role as fiscal agent of the Government.

Domestic Debt Portfolio Management

• Participate in domestic debt portfolio analysis, including evaluation of risks and costs such as market risk, interest rate and yield curve risk, liquidity risk, refinancing and maturity risk, fiscal funding risk, default risk, financial risk, reputational risk, and information risk.
• Draft technical reports, policy briefs, memos, speeches, and presentations on topical financial market issues for use by CBK Management at regional and international forums.

Complexity of the Role and Decision Making

• Apply sound judgement and develop proposals on decisions affecting the department, the Bank, and the broader financial sector.
• Demonstrate conceptual and analytical thinking through constructive, evaluative, and interpretive solutions.

Stakeholder Collaboration and Communication

• Provide logistical and technical support for high-level engagements and negotiations with external stakeholders, including the National Treasury, government agencies, and international development partners.
• Participate in CBK Communication Committee activities.
• Draft responses to public and media enquiries related to Government securities market issues.
• Participate in and report on meetings involving high-level delegations and international missions.
• Contribute to co-authoring key publications such as the Annual Public Debt Management Report, Medium-Term Debt Strategy (MTDS), and Debt Sustainability Analysis (DSA) as part of technical teams.
• Support market activities, including investor education, by contributing to brochures, FAQs, and advisory materials on Government securities pricing and valuation.
• Perform any other duties as assigned from time to time.

Qualifications

• Bachelor’s Degree in business, finance, banking, public relations, communication, marketing, information science, or a related field.
• Clear understanding of financial markets, banking, and emerging issues in national, regional, and international regulatory and statutory requirements, domestic debt strategies, domestic debt portfolio management, domestic debt markets, and risk management.

Work Experience

At least two (2) years’ relevant work experience in a related field.