Senior Manager, Foreign Exchange Operations

The Central Bank of Kenya (CBK) is seeking a highly skilled Senior Manager, Foreign Exchange Operations to join the Financial Markets Department. The successful candidate will provide leadership in the execution and oversight of domestic foreign exchange operations, ensuring alignment with the Bank’s monetary policy objectives and supporting the decisions of the Monetary Policy Committee (MPC).

Key Job Information

• Position: Senior Manager, Foreign Exchange Operations
• Organization: Central Bank of Kenya (CBK)
• Department: Financial Markets Department
• Location: Kenya
• Employment Type: Full-time
• Experience Level: Senior / Managerial
• 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 with formulating and implementing monetary policy, promoting price stability, regulating financial institutions, and fostering a resilient and efficient financial system. The Bank’s Financial Markets Department plays a crucial role in ensuring orderly money and foreign exchange markets, supporting market participants, and safeguarding the nation’s economic interests.

Careers at CBK provide a unique opportunity to work at the core of Kenya’s financial system. Employees engage with dynamic domestic, regional, and global markets while contributing to policy formulation, risk management, and market development. CBK is committed to professional growth, offering robust training, mentorship, and leadership development programs for employees aspiring to excel in central banking operations.

Senior Manager, Foreign Exchange Operations Job Description

The Senior Manager, Foreign Exchange Operations will lead the FX Operations Section, ensuring efficient and effective management of domestic foreign exchange activities. The role requires strategic oversight, operational expertise, and strong leadership skills to maintain exchange rate stability, support the Bank’s monetary policy objectives, and manage risk in alignment with CBK regulations and international best practices.

This position is critical in advising the Monetary Policy Committee (MPC) and senior management on market developments, designing FX strategies, implementing operational plans, and coordinating cross-functional activities to achieve department objectives.

Key Responsibilities

Strategic Responsibilities

• Contribute to the overall performance of the Financial Markets Department and the Bank’s strategic objectives.
• Work effectively with senior management and other departments to deliver on Key Result Areas (KRAs).
• Develop and implement strategic plans for foreign exchange operations that align with the Bank’s monetary and economic policy objectives.

Technical and Operational Responsibilities

• Lead the Front Office function and oversee domestic foreign exchange operations.
• Continuously review and enhance Front Office processes to optimize efficiency, mitigate risk, and deliver value.
• Ensure staff receive regular training on FX operations, risk management, and adherence to operational guidelines.
• Develop FX strategies, operational plans, and budgets, ensuring alignment with CBK’s policy objectives.
• Recommend monetary policy tools, including FX purchases and sales, to support price stability.
• Monitor domestic and global FX market developments and provide timely briefings to MPC and senior management.
• Oversee preparation and dissemination of official foreign exchange rates.
• Manage FX reserve levels through domestic market interventions to achieve targeted reserve positions.
• Conduct market surveillance, monitor liquidity, and assess potential risks in FX markets.
• Develop and maintain the Section’s Business Continuity Plan (BCP) and operational documentation.
• Mentor, coach, and support staff to achieve high productivity, succession planning, and career development objectives.
• Ensure adherence to Bank policies, regulations, and international best practices in FX management.
• Prepare periodic and ad hoc reports on Section activities and coordinate cross-department initiatives.

Other Responsibilities

• Support other departmental initiatives as assigned by senior management.
• Collaborate with internal and external stakeholders to promote effective foreign exchange operations.

Required Qualifications

• Bachelor’s degree in Accounting, Business, Finance, Economics, Banking, or a related field from a recognized university.
• Master’s degree in a relevant field is an added advantage.
• Professional qualifications in finance, accounting, or related disciplines are desirable.

Work Experience

• At least ten (10) years of relevant experience in financial markets or foreign exchange operations, including a minimum of five (5) years in a managerial role.

Technical Competencies

• Expertise in treasury and foreign exchange management.
• Knowledge of money, capital markets, derivatives, interest rates, and pricing methodologies.
• Understanding of national, regional, and international statutory trading requirements.
• Competence in financial analysis, market monitoring, and risk management.
• Familiarity with Bloomberg and other financial information platforms.
• Strong analytical skills to evaluate financial engineering, liquidity forecasting, and market trends.

Behavioural and General Competencies

• Proven leadership and people management skills, including mentoring, coaching, and team building.
• Strategic decision-making, accountability, and effective problem-solving.
• High professional ethics, integrity, and adherence to CBK values.
• Excellent oral and written communication skills for reporting and stakeholder engagement.
• Customer-focused, resilient, and emotionally intelligent under operational and strategic pressures.

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

Interested candidates looking for careers at the Central Bank of Kenya are invited to submit their applications via the CBK Careers Portal. Applicants should register or log in to the portal, complete the online application form, and upload all relevant 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.