Head Monetary Operations

Bahrain Bank; Manama; On-site; BHD 30,000 - 40,000; Full time

Job summary

Bahrain Bank is looking for an experienced professional to drive monetary policy development and manage CBB accounts in Manama. With over 7 years of experience in banking and a strong background in project management and liquidity operations, you will implement key strategies and ensure compliance with regulations.

Ideal candidates will hold a Bachelor's or Master’s degree in Finance or related fields and demonstrate strong leadership skills to foster high-performing teams.

Qualifications

• 7+ years of relevant experience in banking or finance.

Responsibilities

• Drive monetary policy facilities market development through project management.
• Manage CBB accounts and conduct Open Market Operations.
• Implement Monetary Policy Committee decisions.
• Conduct liquidity operations as needed to suit market conditions.
• Lead, mentor, and develop the function.

Skills

Project management

Financial analysis

Liquidity management

Regulatory compliance

Team leadership

Education

Bachelor or Master degree in Banking, Finance, Accounting, Economics, Data Science

Job description

Responsibilities

• 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 verify minutes before sending them to Management.
• Monitor developments in domestic money and securities markets, produce analysis, and provide regular recommendations to the Executive Director on monetary policy implementation, market risks, and relevant issues.
• Manage CBB accounts; conduct Open Market Operations; assess 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 related to new policies, system operating rules, and regulations.
• Participate in the assessment of systems and implement recommendations to ensure compliance with best international standards.
• Prepare data for monetary operations for periodic updates of the Redbook.
• Participate in Business Continuity Planning (BCP) activities to ensure operational resilience.
• Manage Money Market operations: monitor, review, post, and update policy interest rates; publish daily rates on the CBB website, LSEG workspace, and Bloomberg pages; oversee liquidity levels and transactions related to daily standing facilities such as deposit facilities, lending, and repos.
• Conduct liquidity operations as needed to suit market conditions, ensuring proper implementation of liquidity management procedures and assessing CBB's ability to support the banking system and economy.
• Conduct Banking Services Operations: maintain accounts for banks and financial institutions (Bahrain Clear, IMF, AMF, and Government entities such as SIO); administer day‑to‑day transactions in the core banking system and coordinate with account holders.
• Review and approve CBB Sale & Purchase transactions related to government securities in SSS, RTGS, and core banking system; authorize posting of government securities transactions.
• Ensure timely and accurate processing of statutory cash reserve requirement transactions for banks on a monthly basis.
• Manage participants onboarding into systems and related accounts.
• Provide liquidity to participants of the payment system; monitor liquidity position of local retail banks and adequacy of collaterals, collateral management, and settlement patterns.
• Process, confirm, and authorize posting of all IMF transactions and accounts with the CBB; liaise with MOFNE through Governor's Office to issue new Treasury Notes on IMF Securities Account.
• Participate in 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; ensure the team is equipped with the skills and knowledge to support the function.
• Foster a high‑performing team culture: set clear objectives, provide regular feedback, and support professional development.
• Implement development plans for team members; promote continuous learning and growth within the function.

Qualifications

• Bachelor or Master degree in Banking, Finance, Accounting, Economics, Data Science, or its equivalent.
• 7+ years of relevant experience.