Public Service Commission begins search for new CBK bosses
The Public Service Commission (PSC) has announced that it is looking for qualified candidates to fill the positions of Governor and Deputy Governor of the Central Bank of Kenya (CBK).
According to the advertisement published in local media, applicants for the Governor and Deputy Governor positions must be Kenyan citizens and have a Bachelor’s and Master’s degree in Economics, Banking, Finance or Law. They must also have at least ten years of experience in senior management in relevant fields and demonstrate knowledge or experience in monetary, financial, banking, and economic matters.
The applicants will be vetted by the Public Service Commission and then forwarded to the National Assembly for approval. The President will then appoint the successful candidates for a four-year term, renewable once.
The positions will become vacant in June 2023 when the current Governor Patrick Njoroge and Deputy Governor Sheila M’Mbijjewe complete their four-year terms.
Most recently, Susan Koech was appointed as Deputy Governor at Central Bank.
The CBK is responsible for formulating and implementing monetary policy, regulating banks and other financial institutions, issuing currency, and managing the country’s foreign exchange reserves.
The applicants should also have a deep understanding of global financial sector trends, be a person of integrity, and meet the requirements of Chapter Six of the Constitution. Moreover, they should have behavioral and general competencies that demonstrate leadership and people management skills, high-level interpersonal and cross-cultural skills, a vision for the state of financial development in Kenya and beyond, critical and analytical thinking and problem-solving skills, among others.
The deadline for applications is April 19, 2023, and interested candidates are advised to apply through the Public Service Commission’s official websit or manually in a latter addressed to The Secretary/CEO at the Public Service Commission.