Careers

Key accountabilities:

• Assist the Head of the section in preparing and evaluating current policies, roadmap and plans to propose changes, if necessary, to further promote payments and financial market infrastructures (FMIs), and ensure their safety, efficiency, and soundness.
• Coordinate, organize and carryout the tasks relating to studying and analysing the developments in the payments and FMIs.
• Organize and conduct analytical work, studies, research, consultation papers, surveys and specific assessments to: (i) evaluate risks & inefficiencies; (ii) evaluate existing regulatory requirements; (iii) recommend corrective measures; and (iv) propose the regulatory requirements in the form of regulations, directives, rules, circulars, or instructions (including amendments).
• Regularly collecting and tabulating data and maintaining the database in a confidential manner.
• Monitor operations of FMIs and the major operational incidents reporting, classifications, and assessments of the operators and participants of the payment systems, to identify noncompliance with the directives/regulations and propose remedial measures and/or policy updates and amendments.
• Draft directives, circulars, regulations, and other legislative documents, and review such documents (when necessary).
• Draft reports, letters, press releases to increase awareness among the stakeholders and the public.
• Ensure alignment of payments and FMIs with the best international practices and standards, such as Principles for Financial Market Infrastructure (PFMI).
• Propose recommendations to implement and comply with the PFMI & other standards adopted by the CBB.
• Coordinate, supervise and carry out the work relating to the collection and maintenance of the database on FMIs, in accordance with the BIS Redbook format & definitions, and publish the data & information (where necessary).
• Assess proposals of the implementation and development of FMIs and payment projects and enhancements against the relevant CBB regulatory requirements and international standards (such as PFMIs); and propose, recommend desired specifications and functions of the FMIs.
• Closely monitor and follow-up on the work progress relating to implementation and development of FMIs and payment projects and enhancements ensuring timely and high-quality delivery; propose the required regulatory requirements by way of conditions, regulations, and directives; and review operating rules of FMI.
• · Effectively participate in working committees and make necessary arrangements (including arranging meetings, preparing documents, minutes etc.) to assist the Head-Payment System Policy to maintain a close dialogue with the FMI owners, operators, and participants.
• Effectively participate (or lead) in technical committees appointed by the CBB, enabling the CBB to carry out its role relating to the policy and development of the FMIs.
• Cooperate with the relevant officials of the central banks and monetary authorities of the GCC and AMF in implementing collective actions to promote the development of regional and cross-border FMIs and further enhancing regulatory cooperation including surveys.
• Deliver clear, accurate, and timely ad hoc analytical presentations to senior management and committees, enabling well‑informed decisions even under tight deadlines.

Minimum Qualification:

Bachelor’s or master’s degree in Banking/Finance/Economics/Data Science/MIS or equivalent. Professional certifications in project management are appreciated.

Minimum Experience:

5-7 years in relevant field

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.

Minimum Qualification:

Bachelor’s or master’s degree in Banking/Finance/Accounting/Economics/Data Science or its equivalent.

Minimum Experience:

7+ years in relevant field

Key accountabilities:

• Handle and assist in the management of physical Currency (“Coins & Banknotes”) including previous and current series.
• Forecasting: Performing and managing short-term and long-term forecasting models and consistently run back testing on the models to ensure model relevance.
• Ensure adequacy of physical currency along with required buffers, and timely delivery fulfillment.
• Analyzing Large Data Sets: Understand behaviors and identify anomalies based on data.
• End User Demand & Maintaining Trust: Ensuring the currency at hand meets the current demands of different end users whether from general public or institutions equipped with specialized equipment to enable the swift exchange of physical Currency as medium of payment. Current demands may entail using appropriate security features and substrate quality depending on the behavior of wear and tear among other factors.
• Research & Development: Stay abreast of developments in the physical currency industry and propose relevant findings and developments. Includes development in enhanced security features or the use of enhanced materials.
• Public Awareness: Assist in educating the public about the Currency varying features including security features.
• Procuring, Contracting and Management of Contract: Carry out procuring operations from quotation, contract negotiations of terms & conditions, contract signing and managing the contract till fulfillment stage.
• Lead Time: Monitoring lead times with current suppliers to identify any delays and appropriately escalate.
• External Asset & Production Register: Maintain up to date registers with strict version control and reconciliation records.
• Request for Delivering Currency: After obtaining authorization and pre-determined certificates, the person shall initiate and oversee the request and delivery of ready Currency.
• Payment Management: Ensure organized schedule of payment with appropriate record control.
• Quality Assurance: Ensure appropriate certifications are obtained to provide assurance on the quality of Currency fitness and whether the Currency are as per contractual terms before circulation and to preserve the Central Bank of Bahrain’s rights of recourse. The responsibility also entails to initiate an enquiry with suppliers on any defects that have come to the Central Bank of Bahrain’s attention.
• Risk Management: Staying abreast of global events that might cause supply chain disruptions whether at supplier level or sub-contractor level to properly identify potential risk and escalate with appropriate solutions to manage such risk.
• Off Site Arrangements & Traveling Abroad: The person responsible shall be willing and able to go to off-site assignments and to travel abroad. This is to ensure appropriate discharge of responsibility pertaining to overseeing production, destruction, delivery processes and training, among other assignments.
• Managing Museum Portfolio: Assist in managing & safekeeping the portfolio of Currency, commemorative coins & medals and other artefacts classified as museum assets.
• Curating: Guiding visitors within the museum to enhance their knowledge. Organizing individual or group tours, workshops & events, as well as showcasing museum artefacts at external events.
• Museum Experience & Docent Notes: Maintaining appealing showcased artefacts and docent notes targeting varying stakeholders based on their length of visit.
• Museum Ambiance: Maintain the ambiance of the museum by ensuring cleanness, smell, lighting, décor and space. Conducting daily and monthly reports and checklists.
• Awareness & Footfall: The person responsible shall increase public’s awareness regarding the museum and its artefacts in order to increase the footfall. This also includes improving and making it easy for guests to request visits.
• Research & Knowledge: Research and be abreast of knowledge regarding the currency artefacts. This also involves identifying and appropriately recommending museum Artefacts to be acquired by the Central Bank of Bahrain to enhance the museum portfolio and showcased artefacts.
• Reports & Records: Reports shall be maintained regarding museum visitors, giveaways, experience rating and cleaning & maintenance log. While also ensuring safe keeping of guest feedback book.
• Initiation & Research: Identify opportunities for developing commemorative coins and medals. In case of event specific commemorative coins and medals, proper concept research shall be done while maintaining accurate facts.
• Design Concept: Formulating strong design concepts of the coin or medal, certificates and packaging.
• Project Management: The person shall manage the projects on an end-to-end basis, from design phase, procuring till delivery fulfillment stage.

Minimum Qualification:

Bachelor’s degree in Banking/Finance/Economics/Data Analytics or equivalent.

Minimum Experience:

1-5 years in relevant field