Job Description

Roles & Responsibilities

Key accountabilities: Drive monetary policy facilities market development through project management Review and confirm the Weekly Statistical Report prepared before presenting it to the Monetary Policy Committee and verifying the minutes before they are sent to Management. Monitor the developments in domestic money and securities markets, producing analysis and providing regular recommendations to the Executive Director on monetary policy implementation, market risks, and relevant issues. Manage CBB accounts, conduct Open Market Operations, and assess the CBB domestic financial assets to support financial stability and manage the liquidity of the banking system. Manage entity accounts and bank reserves, ensuring regulatory compliance, while streamlining monetary operations and reporting for strategic decision-making. Implement Monetary Policy Committee (MPC) decisions and analyze market trends to provide strategic advice to MPC. Issue directives to participants in relation to new policies, systems operating rules, and regulations. Monitor developments in domestic money and securities markets/domestic financial markets. Participate in the assessment of the systems and implement recommendations to ensure compliance of the systems and operations against the best international standards. Prepare data related to Monetary operations for the periodic updates of the Redbook. Participate in Business Continuity Planning (BCP) activities to ensure operational resilience. Manage Money Market operations, including monitoring, reviewing, posting, and updating the policy interest rates, daily interest rates on the CBB website, LSEG workspace, and Bloomberg pages, liquidity levels, and transactions related to daily standing facilities (e.g., deposit facilities, lending, repos). Conduct liquidity operations as needed to suit market conditions, ensuring that liquidity management procedures are properly implemented and assessing the CBB s ability to support the banking system and economy. Conduct Banking Services Operations, maintaining accounts for banks, financial institutions (such as Bahrain Clear, IMF, AMF, and Government Entities like SIO), administering day-to-day transactions in the core banking system, and coordinating with account holders. Review and approve CBB Sale & Purchase transactions related to government securities in SSS, RTGS, and core banking system, while managing the CBB accounts and authorizing the posting of government securities transactions. Ensure the timely and accurate processing of statutory cash reserve requirements transactions for banks on a monthly basis. Manage participants onboarding into the systems, participation, and related accounts. Provide liquidity to participants of the payment system, monitor the liquidity position of local retail banks and the adequacy of collaterals, collateral management, and settlement patterns. Process, confirm and authorise posting all the international Monetary Fund (IMF) transactions and accounts with the CBB and liaise with MOFNE through Governor s Office to issue new Treasury Notes on IMF Securities Account. Participate in the periodic review and updates of the Redbook. Adhere to rules, regulations, procedures, and policies in all operations. Carry out any additional tasks assigned by superiors ensuring timely completion. Lead, mentor, and develop the function, ensuring they are equipped with the skills and knowledge to support the function. Foster a high-performing team culture, setting clear objectives, providing regular feedback, and supporting professional development. Implement development plans for team members to ensure they meet their professional goals and contribute effectively to the business. Encourage continuous learning and development within the function, promoting a culture of growth and excellence.

Desired Candidate Profile

• Bachelor or master degree in Banking/Finance/Accounting/Economics/Data Science or its equivalent.
• 7+ years in relevant field