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

Job Purpose

The role holder is responsible for leading Product Development initiatives within the Division and supporting Market Engagement activities to ensure functional responsibilities are delivered effectively and efficiently. The role also contributes to the performance of other functions and supports the overall achievement of the Bank’s strategic objectives.

Key Duties and Responsibilities

Strategic and Product Development Responsibilities

• Support the CBK strategic plan by providing proposals and inputs to divisional policies and strategies that promote growth, stability, and access to financial markets.
• Develop proposals and business cases for product development initiatives, including innovative products and reforms such as Benchmark Bonds, Liability Management Operations, Over-the-Counter instruments, Green Bonds, Onshore and Offshore Bonds, Securities Lending and Borrowing, Short Selling, NSE Financial Derivatives, Primary Dealers, and other related products.
• Develop business proposals for innovative products to be included in the CSD system, including zero-coupon bonds, amortized or multiple-legged bonds, stripped bonds, bonds with embedded options, indexed bonds, variable coupon bonds, step-up and step-down bonds, deferred coupon bonds, perpetuity bonds, annuity bonds, Islamic Sukuk, mortgage-backed securities, term deposits, Central Bank certificates and bills, negotiable and non-negotiable deposits, among others.
• Coordinate and support market development projects undertaken by the Department in collaboration with other Bank departments and external institutions.
• Oversee the preparation of monthly bond issuance proposals for management approval and engagement with market stakeholders.
• Provide regular feedback on market requirements, including product specifications, functionality, and pricing, and prepare reports on product expectations, market size, uptake, and market share.
• Define product promotion and positioning strategies for specific investor segments.
• Oversee analysis of financial market data and preparation of technical reports and presentations for monthly DMF and BMF meetings.
• Support the DMF/MBSF secretariat by maintaining records of discussions and providing support to ensure the success of the borrowing program.
• Support the development of advertising, public relations, and marketing communications in liaison with the Communications Office to achieve product objectives.
• Assess investor segment needs and design targeted products to meet identified requirements.
• Participate in the CBK Editorial Board for the CBK e-Newsletter and other divisional publications.
• Coordinate responses to public and media enquiries on Government securities market issues in liaison with the Communications Office.
• Provide high-quality oral and written communication, including professional opinions, advice, and perspectives, for review by CBK management, stakeholders, and market participants.
• Identify and manage risks associated with market development initiatives, including product, service, and market disruption risks.
• Review work processes and support the updating of operations manuals and procedures to drive continuous service improvement.
• Support planning, organizing, integration, supervision, and coordination of work, performance management, budgets, and resources related to the function.
• Ensure accountability, authority, and effective supervision within the Market Engagement and Product Development functions.
• Manage staff productivity, capacity building, succession planning, and resource allocation to ensure effective performance and a positive customer experience.
• Ensure compliance with Bank policies, regulations, and applicable legislation and guidelines.
• Prepare ad hoc and periodic reports related to assigned responsibilities and submit them in a timely manner.
• Coordinate with other Bank departments to achieve shared objectives.
• Perform any other duties as assigned by the Supervisor.

Qualifications

• Bachelor’s Degree in Business, Finance, Banking, Public Relations, Communication, Marketing, Information Science, or a related field from a recognized institution.
• Master’s Degree in Business, Finance, Banking, Public Relations, or a relevant professional qualification is an added advantage.

Work Experience

• At least six (6) years’ experience in financial product development or a related field, including a minimum of two (2) years in Debt Management and three (3) years in a supervisory role.