Lead Specialist - Monetary Operations

Bahrain Bank

Key accountabilities:

• Ensure implementation of all Monetary Policy Committee (MPC) decisions accurately and on time
• Monitor and operate money market operations, including reviewing, posting, and updating policy interest rates
• Handle daily interest rates on the CBB website, CBB LSEG Workspace, and Bloomberg pages for timely updates
• Monitor liquidity levels and manage transactions related to daily standing facilities (e.g., deposits, lending, repos, etc.)
• Conduct liquidity operations, providing liquidity to participants of the payment system and ensuring proper liquidity management
• Monitor and ensure accurate daily reporting on liquidity levels and interest rates
• Assess the CBB s financial assets to support liquidity of the banking system and the economy
• Conduct banking operations, including maintaining accounts for banks, financial institutions, and government entities (e.g., IMF, AMF, SIO)
• Administer day-to-day direct transactions in the Core Banking System, including back-office operations
• Ensure accurate processing of statutory cash reserve requirements for retail banks on a monthly basis
• Manage CBB accounts and transactions related to government securities, including accrued interest calculations and updates
• Prepare and present the Weekly Statistical Report for the MPC and ensure accurate meeting minutes
• Provide daily reports on liquidity levels, daily interest rates, and market activity to support liquidity management
• Participate in Business Continuity Planning (BCP) activities to ensure operational resilience
• Manage CBB accounts and transactions (e.g., sale and purchase) for the government securities owned by the CBB, including the calculation of the related accrued interest and updating CBB holdings and trading data.
• 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 the managers, ensuring timely completion.