Manager, Product Development (Manager 2)

The Central Bank of Kenya (CBK) is seeking a highly experienced Manager, Product Development (Manager 2) to join its Financial Markets Department. This senior management role offers a unique opportunity to contribute to national financial market development, public debt management innovation, and strategic market engagement within Kenya’s central banking ecosystem.

Key Job Information

• Position: Manager, Product Development (Manager 2)
• Department: Financial Markets Department
• Organization: Central Bank of Kenya (CBK)
• Location: Nairobi, Kenya
• Employment Type: Full-time
• Experience Level: Senior / Management
• Application Deadline: Thursday, 29 January 2026 at 5:00 p.m.

About the Central Bank of Kenya (CBK)

The Central Bank of Kenya (CBK) is the principal institution responsible for formulating and implementing monetary policy, fostering financial stability, regulating the banking sector, and supporting the development of efficient financial markets in Kenya. As a cornerstone of the country’s economic framework, CBK plays a critical role in promoting growth, stability, and access to domestic, regional, and international financial markets.

CBK is widely recognized for its leadership in public financial management, domestic debt markets, and financial sector reforms. Through innovation, policy leadership, and strategic market engagement, the Bank continues to introduce modern financial instruments, strengthen investor confidence, and enhance the efficiency of Kenya’s money and capital markets. These efforts support sustainable economic development and align Kenya’s financial markets with global best practices.

Careers at CBK provide professionals with exposure to complex financial systems, cutting-edge policy work, and collaboration with key national and international stakeholders. Job opportunities at CBK offer structured career growth, professional development, and the chance to contribute meaningfully to the country’s economic transformation.

Job Description

The Manager, Product Development (Manager 2) will be responsible for leading and supporting product development initiatives within the Financial Markets Department, while also providing strategic support on market engagement activities. The role contributes directly to the achievement of CBK’s strategic objectives by driving innovation in financial market instruments, enhancing market infrastructure, and supporting effective public debt management.

This position plays a pivotal role in shaping financial products across government securities, debt instruments, derivatives, and related market reforms. Working closely with internal departments, market participants, and external institutions, the role holder will oversee product design, market analysis, stakeholder engagement, and risk management associated with market development initiatives. This is a senior-level career opportunity for professionals seeking impactful financial markets jobs in Kenya today.

Key Responsibilities

• Provide strategic input and proposals to support CBK’s divisional and institutional strategy, promoting financial market growth, stability, and accessibility.
• Develop detailed business cases and proposals for product development initiatives, including benchmark bonds, liability management operations, over-the-counter products, green bonds, onshore and offshore bonds, securities lending and borrowing, short selling frameworks, and NSE financial derivatives.
• Design and evaluate innovative financial instruments for inclusion in the Central Securities Depository (CSD) system, such as zero-coupon bonds, amortized and multi-legged bonds, stripped bonds, indexed and variable coupon bonds, sukuk, mortgage-backed securities, and central bank instruments.
• Coordinate and support market development projects in collaboration with other CBK departments and external institutions.
• Oversee the preparation of monthly government bond issuance proposals for management review and stakeholder engagement.
• Analyze market requirements, product specifications, pricing structures, and investor demand, producing reports on market size, uptake, and share.
• Define product positioning and promotion strategies for distinct investor segments.
• Oversee financial market data analysis and the preparation of technical reports and presentations for monthly DMF and BMF meetings.
• Support the DMF/MBSF secretariat by maintaining accurate records and ensuring effective execution of borrowing programs.
• Contribute to advertising, public relations, and marketing communications in collaboration with the Communications Office.
• Manage risks associated with market development initiatives, including product, service, and market disruption risks.
• Supervise staff performance, capacity building, succession planning, and resource management within the function.
• Ensure compliance with CBK policies, banking laws, regulations, and relevant legislation at all times.
• Prepare periodic and ad hoc reports and coordinate with other departments to achieve institutional goals.

Required Qualifications

• Bachelor’s Degree in Business, Finance, Banking, Public Relations, Communication, Marketing, Information Science, or a related field from a recognized institution.
• At least six (6) years of experience in financial product development or a related field.
• Minimum of two (2) years’ experience in Debt Management.
• At least three (3) years’ experience in a supervisory or management role.

Preferred Qualifications

• Master’s Degree in Business, Finance, Banking, Public Relations, or a related discipline.
• Professional qualifications in finance, investment, risk management, or related fields.
• Experience in central banking operations, public financial management, or capital market development.

Benefits and Compensation

CBK employment offers a competitive remuneration package aligned with senior management roles in the public financial sector. Employees benefit from structured career progression, continuous professional development, exposure to high-impact national projects, and a professional work environment that emphasizes integrity, accountability, and innovation. These latest jobs at CBK provide long-term career stability and the opportunity to influence Kenya’s financial markets.

How to Apply

Interested candidates seeking fresh job opportunities at the Central Bank of Kenya should apply for the Manager, Product Development (Manager 2) position today through the official CBK Careers Portal. Applicants are encouraged to submit complete applications this week, clearly highlighting their qualifications, experience, and suitability for the role. Incomplete applications will not be considered, and only shortlisted candidates will be contacted.

This vacancy represents a rare opportunity to join CBK’s Financial Markets Department and contribute to strategic financial market development in Kenya.