Senior Dealer, Foreign Exchange (Senior Business Analyst 2)

The Central Bank of Kenya (CBK) is seeking a Senior Dealer, Foreign Exchange (Senior Business Analyst 2) to join the Financial Markets Department. This role supports the execution and oversight of domestic foreign exchange (FX) market operations, contributing directly to the Bank’s mandate of price stability, orderly market functioning, and financial system resilience.

Key Job Information

• Position: Senior Dealer, Foreign Exchange (Senior Business Analyst 2)
• Organization: Central Bank of Kenya (CBK)
• Department: Financial Markets Department
• Location: Kenya
• Employment Type: Full-time
• Experience Level: Mid to Senior Level
• Application Deadline: Thursday, 29 January 2026 at 5.00 p.m.

About the Central Bank of Kenya

The Central Bank of Kenya is the country’s monetary authority, mandated to formulate and implement monetary policy, promote price stability, regulate and supervise financial institutions, and foster a stable and efficient financial system. Through its Financial Markets Department, CBK plays a critical role in managing liquidity, supporting orderly foreign exchange markets, and strengthening confidence in Kenya’s financial sector.

Careers at the Central Bank of Kenya offer professionals the opportunity to work at the heart of national economic management, engaging with dynamic domestic, regional, and global financial markets while contributing to sound policy outcomes and market integrity.

Senior Dealer, Foreign Exchange Job Description

The Senior Dealer, Foreign Exchange is responsible for executing and supporting domestic FX market operations in line with the Bank’s monetary policy and price stability objectives. The role involves real-time monitoring of the foreign exchange market, execution of FX transactions and interventions, dissemination of official exchange rates, market surveillance, data analysis, and related operational and administrative functions.

This position requires strong analytical skills, attention to detail, and the ability to operate effectively in fast-paced market environments while ensuring compliance with prudential guidelines and internal control frameworks.

Key Responsibilities

Strategic Responsibilities

• Contribute to the effective performance of the Domestic Foreign Exchange Operations Section and the broader Monetary Operations Division.
• Support the achievement of the Bank’s strategic objectives related to exchange rate stability, market confidence, and orderly FX market functioning.
• Work collaboratively within the team to deliver assigned Key Result Areas (KRAs) and demonstrate the required professional and behavioural competencies.

Technical and Operational Responsibilities

• Prepare, validate, and circulate official foreign exchange rates to internal Bank systems and publish approved rates on the CBK website.
• Conduct foreign exchange auctions for forex bureaus in collaboration with the Banking Department.
• Execute foreign exchange market interventions on approved trading platforms in support of exchange rate and price stability objectives.
• Monitor interbank FX trading activity in real time across approved trading platforms.
• Compile, analyse, and report daily FX interbank transaction data, including traded volumes, exchange rates, and prevailing market trends.
• Monitor and update the Trade-Weighted Exchange Rate (TWER) intraday using transaction data to assess market movements and volatility.
• Conduct continuous surveillance of domestic, regional, and global FX market developments and evaluate their implications for the domestic FX market.
• Track significant pipeline FX transactions with potential market impact and provide guidance to mitigate exchange rate risks where necessary.
• Compile and analyse daily preliminary and actual foreign exchange exposure data submitted by commercial banks.
• Assess compliance with prudential guidelines on Foreign Exchange Exposure Limits (CBK/PG/06) on both an intraday and end-of-day basis.
• Prepare analytical reports on breaches of FX exposure limits and escalate findings to the Director, Financial Markets Department, and the Bank Supervision Department.
• Assess overall FX market liquidity conditions based on exposure and transaction data.
• Prepare and circulate daily foreign exchange market reports to Bank Management.
• Compile and analyse monthly gain or loss reports on foreign exchange sales to commercial banks and submit them to the Finance Department.
• Accurately capture interbank FX transactions in the Bank’s accounting systems, including T24 and other relevant platforms.
• Prepare payment vouchers and reconcile invoices related to FX trading system vendors.
• Maintain accurate, complete, and up-to-date records and filing systems for the FX Operations Office.

Other Responsibilities

• Attend meetings with market participants, stakeholders, and internal committees as required.
• Perform any other duties assigned by management that are consistent with the role and departmental objectives.

Required Qualifications

• Bachelor’s degree in Accounting, Business, Finance, Mathematics, Statistics, Economics, Banking, or a related field.

Work Experience

• At least three (3) years of relevant work experience in foreign exchange operations, financial markets, treasury operations, or a related field.

Technical Competencies

• Strong understanding of financial market instruments and foreign exchange markets.
• Knowledge of money markets, capital markets, and derivatives.
• Awareness of emerging issues in financial markets.
• Sound understanding of banking laws, regulations, and central banking operations.
• Strong stakeholder management and market engagement skills.

Behavioural and General Competencies

• Strong teamwork and collaboration skills.
• Sound judgment and decision-making abilities in time-sensitive environments.
• High emotional intelligence and professionalism.
• Independence of thought, objectivity, and ethical conduct.
• Strong customer and stakeholder relationship management skills.
• High level of integrity, honesty, and accountability.
• Excellent verbal and written communication skills.
• High attention to detail and accuracy.

How to Apply for Senior Dealer, Foreign Exchange at Central Bank of Kenya

Interested candidates seeking careers at the Central Bank of Kenya are invited to submit their applications through the CBK Careers Portal. Applicants should register or log in to the portal, complete the online application form, and upload all required supporting documentation before the stated deadline.

Interested candidates should apply using the Apply Now button below.

Incomplete applications will not be considered, and only shortlisted candidates will be contacted.