Recruitment of a Governor for the Central Bank of Somalia

Somalia is emerging from conflict 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 financial intermediation and regulation of the financial system.

The Governor is the chief executive officer 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 financial institutions.

The successful candidate must hold a university degree in monetary, financial, banking, accounting, legal or economic matters and have at least twelve years’ experience in the field of economics, banking, finance 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 financial 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 financial 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 office for a period of four years, with the possibility of a reappointment for one more term.

Remuneration will be commensurate with the qualification 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: cbs.governor.recruitment@gmail.com

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