The Capital Markets
Authority (CMA) was set up in 1989 through an Act of Parliament Cap. 485A Laws
of Kenya.
The CMA, which is a
body corporate with perpetual succession and a common seal, was constituted and
inaugurated in 1990.
It licenses and
supervises market intermediaries, conducts on-site and off-site market
surveillance and enforces compliance, and promotes market integrity and
investor confidence.
The vision of the
Authority is “To be a world class regulator of a vibrant capital market.”
The Board of Directors
intends to fill the position of the Chief Executive of the Authority. Interested and qualified candidates may apply.
Job Summary
Reporting to the Board
of Directors, the Chief Executive will provide visionary leadership in the
regulation, development and implementation of strategies designed to
effectively address emerging issues, risks and opportunities in the capital
markets so as to safeguard investor confidence and the integrity of the market
place.
The job offers the
right candidate the opportunity to mold the future and continued success of
Kenya’s capital markets.
The successful
candidate should be ready to continue with the momentum that the Capital Markets
Authority has exhibited so far in regulating and deepening the market.
Core Duties and
Responsibilities
- Develop
policies , strategies and programmes designed to transform Kenya’s capital
markets into a world class emerging market
- Direct
and exercise overall control of the Authority’s operations to ensure that
its activities are managed in a professional, efficient and effective
manner in order to meet its mission and objectives
- Ensure
compliance with laws governing capital markets
- Develop
and implement effective management policies and systems
- Provide
strategic leadership and direction in the formulation , development ,
implementation and evaluation of the Authority’s strategic plan
- Review
CMA’s organization structure , systems and procedures to ensure that these
are properly aligned with the strategic direction
- Oversee
the establishment of effective risk management and control systems in
order to improve organizational effectiveness
- Develop
and implement effective human resource management policies and systems in
order to improve organizational effectiveness
- Develop
and implement an effective communication and public relations strategy to
ensure that the market players have access to the information to make
informed investment decisions
- Participate
in the formulation of cross border , regional and global initiatives aimed
at regulatory coordination and cooperation
- Any
other responsibilities as may be necessary to achieve the Authority’s
objectives
Minimum Qualifications
- Master’s
Degree in a related field
- Professional
qualification and standing membership in a relevant professional body
- Over
ten (10) years senior management experience gained in securities and
financial markets environment
- Expertise
in strategic management and planning
Key Competencies
- Cutting
edge knowledge of capital markets issues and trends at national , regional
and international levels and in-depth understanding of financial
instruments , products and services and international best practice
- Strong
leadership, team building and organizational skills
- Excellent
oral, written communication and presentation skills
- Strong
interpersonal and cross-cultural skills and ability to build alliances and
collaborative relations internally and externally
- Highly
developed analytical skills and ability to make sound business decisions
- Ability
to influence and resolve differences and conflicts and manage change
- Strategic
and innovative thinking
- Good IT
skills
- High
professional , ethical standards and integrity with no conflict of
interest
- Policy
development and engagement to create a win–win, strong implementation,
monitoring and evaluation focus
Candidates who meet the above requirements are invited to apply
and send their applications enclosing copies of curriculum vitae, academic and
professional certificates and give names of three referees who must be
immediate past supervisors.
Copies of national
identity card and details of remuneration history should be provided.
The successful
candidate will be engaged on a renewable four year contract.
The Authority will
offer the successful candidate an attractive remuneration package which is
negotiable.
Canvassing will lead
to automatic disqualification of the candidate.
The advertisement can
also be accessed on the Capital Markets Authority Website: www.cma.or.ke
Applications should be
sent to the address below by post, courier or hand delivery (but not on email)
quoting the job reference on the envelope: CMA / CE / 1 / 2012
The Chairman
Board of Directors,
Capital Markets Authority
Embankment Plaza, 3rd Floor, Longonot Road
Upper Hill
P.O.Box 74800-00200,
Board of Directors,
Capital Markets Authority
Embankment Plaza, 3rd Floor, Longonot Road
Upper Hill
P.O.Box 74800-00200,
Nairobi
Job Reference No: CMA / CE /1 / 2012
Please note that the
Capital Markets Authority is an Equal Opportunity Employer.
Applications should be
received by the Authority using the address above by June 7, 2012.