The Economist

15

The EconomistAugust 4th 2018

Somalia is emerging from confl ict and rebuilding its economy including its key economic institutions. The position of Governor

of the Central Bank of Somalia (CBS) will fall vacant on November 1 2018.

The new Governor will lead the CBS through major ongoing reforms including the issuance of a new national currency

rebuilding the CBS’s institutional capacity developing monetary instruments and implementing the CBS’s mandate which

includes the development of fi nancial intermediation and regulation of the fi nancial system.

The Governor is the chief executive offi cer of the CBS and is responsible for its management under the general direction of

the Board of Directors. The Governor also serves as the Chair of the Board and is the principal representative of the CBS in its

relations with the Federal Government of Somalia other public entities and bodies and international fi nancial institutions.

The successful candidate must hold a university degree in monetary fi nancial banking accounting legal or economic matters

and have at least twelve years’ experience in the fi eld of economics banking fi nance or law preferably internationally.

Strong preference will be given to those with international banking experience.

He/she will be a strong communicator have good interpersonal skills and be able to demonstrate strong leadership

management and policy skills. The successful candidate will have held a senior managerial position in a Central Bank

Government agency private fi nancial institution or an international organization. He/she must be fully conversant with the

functions and operations of a Central Bank. He/she must also be fully conversant with monetary policy and issues relating to

fi nancial sector regulation and development.

The successful candidate will be a person of undisputed integrity and standing. He/she shall be appointed by the President

upon the proposal of the Council of Ministers and shall hold offi ce for a period of four years with the possibility of a

reappointment for one more term.

Remuneration will be commensurate with the qualifi cation and experience of the candidate selected and will be competitive.

Applications must be in English and should include a covering letter CV and three written references.

Applications should be sent electronically to: [email protected]

The closing date for all applications is August 28th 2018. Short-listed candidates will be contacted for interview.

Recruitment of a Governor for

the Central Bank of Somalia

Executive Focus