Debt Strategy and Portfolio Management Analyst

1. Support CBK strategy plan – provide input to draft proposals to the Divisional policy/strategy - Promote growth, stability, and access to financial markets.

2. Support financial market growth & development – contribute to Kenya’s Vision 2030 Implementation under the Medium-Term plans (MTPS), realization of the Nairobi International Financial Centre (NIFC), and the Capital Market Master Plan (CMMP).

3. Work environment

High involvement in the work processes and environment with heavy work schedules including working late hours and within stringent timeliness.

Technical and Operational Responsibilities

Supporting financial market stability and development

Domestic debt strategy

1. Domestic Debt Programme and Market Development Strategy (DDPMDS) – provide input to the design, develop, review and monitoring of the Domestic Debt Management Strategy, every financial year.

2. Domestic Debt Program (DDP) – provide inputs to the design, development, review, and monitoring of the annual Government Borrowing Program in line with National Treasury borrowing target, cash requirements (cash plan), maturities of government securities, considering appropriate mix of instrument and timing of issuance during the financial year.

3. Update of the GBP and preparation of related analysis and reports as guided by the Management from time to time.

4. Issuance Planning – provide input to proposals on choices for Government securities issuance including pricing considerations and development of the monthly bond proposals for management approval and discussions with market representatives at the JTWG and BMF.

5. Draft bond issuance proposals for discussion at the monthly BMF meetings. Involves proposals on pricing/yield curve development and management, instrument choice, portfolio analysis and reporting, aligned to the PFMA, the Government’s fiscal framework and the MTDS.

6. Monetary Policy Committee (MPC) support – draft analytical reports and presentations for the MPC.

7. Auctions of Government Securities – draft reports and justifications for Government securities auction proposals, based on the Debt Management objectives, prevailing market conditions and market development aims.

8. Draft proposals on Domestic Debt Management and market development issues as the fiscal agent of Government.

Domestic debt portfolio management

1. Participate in Domestic Debt portfolio analysis including evaluation and recommendations on risks and costs of debt such as: market risk - pricing or interest rate/yield curve risk, liquidity risk (auction undersubscriptions); maturity/refinancing risk; fiscal funding risk; default risk, financial risk; reputation/image risk, information risk, among others.

2. Technical Analysis and Reports – draft technical reports, policy briefs, memos, speeches, and presentations about topical issues in financial markets for use by the CBK Management in regional and international forums.

Complexity of the role and decision making

1. Involves simple judgements and providing proposals on decisions that impact on the department and/or other departments, the Bank, and the financial sector.

2. Practice conceptual and constructive thought requiring analytical, constructive, evaluative, and interpretive solutions.