The
Capital Markets Authority is a statutory agency charged with the responsibility
of regulating and developing an efficient capital market in Kenya.
Financial Analyst
Ref: HCAIFAI6/2015
1
Position
Reporting
to the Assistant Manager, Financial Analysis, and the selected candidate will
be responsible for;
- Evaluating
financial projects involving analysis and interpretation of periodical
financial statements of listed companies, market intermediaries and new
applications to issue securities or applications for new licenses.
- Assessing
level of compliance of financial reports and regulatory disclosures with
Capital Markets Rules and Regulations, in order to safeguard and protect
investor interests and support internal customers in market supervision
- Conducting
regular and ad-hoc analysis of periodical financial statements for market
intermediaries and listed companies to ensure compliance with capital
markets rules and regulations.
- Reviewing
applications for approval and licensing of market intermediaries, and
assess business plans for consistency and viability
- Reviewing
prospectuses and information memoranda for potential or actual material
accounting or financial reporting deficiencies to ensure investors are
provided with accurate information on which to base their investment
decisions, and to support internal customers in compliance, surveillance
risk analysis and research
- Conducting
analysis of financial statements submitted in support of applications by
listed companies such as approval of bonus, rights of IPO issues including
capital markets instruments, corporate bonds, commercial papers, and
complex asset backed securities including financial projections to ensure
compliance with capital markets rules and regulations.
- Reviewing
analysis of financial data and method used by issuers of securities to
arrive at valuations for offers to the public in order to determine
their objectiveness.
- Analysing
financial statements to ensure that financial reporting of licensees and
listed companies is in line with the requirements of IFRS.
- Maintaining
and updating databases relating to financial data, including submission of
accounts, publication of financial statements, summaries of financial
analysis, etc.
- Comparing
financial information submitted to the Authority by licensees and listed
companies with the published financial statements and highlight any
inconsistencies.
- Conducting
inspections and investigations and giving recommendations for the
registration and licensing of companies to operate in the country’s
securities market.
- Monitoring
changes in IFRS and note if the same is being adopted by licensees and
listed companies.
- Reviewing
indicators and incidents of financial fraud, fraudulent market operations
like insider trading and money laundering as well as failures to meet
regulatory obligations and recommend administrative and legal sanctions in
line with CMA requirements.
- Undertaking
any other responsibilities as and when assigned.
Minimum Qualifications and Experience
Qualification:
- An
upper second Bachelor’s Degree in a Business field, Science or any other
relevant area
- CPA(K),
CFA or equivalent will be preferred.
Experience:
- A
minimum of two (2) years relevant work experience in a reputable
organisation.
Key Skills, Knowledge & Competencies
- Knowledge
of financial and accounting procedures in relation to capital markets
operations as well as financial sector operations
- Strong
analytical skills
- Good
presentation and communication skills including the ability to write
reports
- Proficiency
in computer applications such as Microsoft Word, Excel, Access, PowerPoint
and Outlook express including financial and statistical packages
- Interpersonal
and cross-cultural skills
- Ability
to maintain high standards of integrity; establish straightforward,
productive relationships
- Ability
to treat individuals with fairness and respect, demonstrating sensitivity
for ethnic, cultural and gender differences.
- Ability
to work well in a team
- Ability
to meet tight deadlines as well as work with minimal supervision
- Strong
organization and analytical skills as well as keenness to details
- Ability
effectively interpret financial information
- Unquestionable
Ethics, Integrity and Professionalism
Product Development Officer
Ref: HCA/PDO/7/2015
2 Positions
Reporting to the Assistant Manager Market Development, the Product Development Officer is responsible for:
- Providing technical support to the department
as well as undertaking data collection, research and product development
activities.
- Preparing research and surveys’ reports on
existing and new capital market products and services, performance,
characteristics and trends as well as business practices.
- Analysing and making recommendations on local
applications of evolving global trends on capital markets products
- Supporting effective implementation or
operationalisation of research recommendations and assessing impact of policy
implementation.
- Maintaining and updating feasibility study
reports, research analysis and survey findings for purposes of decision
making.
- Following up implementation of policies,
procedures, methodologies and quality standards for introducing new products
and services into the capital markets.
- Preparing weekly, monthly, and annual reports
or such other reports as may be required from time to time.
- Performing all duties related to relevant data
handling (including mining, collection, collation and maintenance).
Minimum Qualifications and Experience
Qualifications:
- At least an upper second honours Bachelor’s
degree in Marketing, Finance, Economics or any other related field;
Experience: At
least two (2) years demonstrable experience in product development in the
financial sector with good skills in applied/operational/exploratory research.
Key Skills, Knowledge & Competencies
- Good research skills
- Knowledge on use of research tools and
applications
- Presentation and communication skills
including ability to write reports;
- Proficiency in computer applications such as
Microsoft Word, Excel, Access, PowerPoint and Outlook express and
statistical packages;
- Interpersonal and cross-cultural skills
including ability to build alliances and collaborative relationships with
sensitivity to diversity;
- Ability to maintain high standards of
integrity; establish straightforward, productive relationships; and
- Ability to treat individuals with fairness and
respect, demonstrating sensitivity for ethnic, cultural and gender
differences.
- Ability to meet tight deadlines as well as
work with minimal supervision
- Ability to work effectively and efficiently in
a team
- Organization and analytical skills
- Unquestionable Ethics, Integrity and
Professionalism
Market Infrastructure Systems Officer
Ref: HCA/MISO/4/2015
1 Position
Reporting to the Assistant Manager,
Risk Analysis & Compliance the selected candidate will be responsible for:
- Analyzing all market systems to establish,
assess, and document the risks as well as the mitigations required to
address the gaps identified.
- Analyzing risk and over sighting of all market
infrastructure systems operating in or being introduced tothe market which
shall include but not limited to anyATS system, Derivative systems, CDS
Systems, Broker Back Office systems, Market Surveillance systems, market
data providers
- Conducting research and supporting evaluation
processes to determine best system technical requirements and future needs
of the market and available options.
- Analyzing impact of proposed solutions across
all the market infrastructure, applications development and business
areas.
- Developing, testing, and documenting systems
in accordance with infrastructure standards and validation procedures
- Negotiating timelines, responsibilities, and
deliverables for new systems or change requests
- Based on risk assessment, propose upgrades to
the existing systems to achieve operational efficiency and security.
- Evaluating and sharing information from
thorough assessment of overall business and internal control factors of
intermediaries and if systems in use are adequate
- Maintaining a comprehensive risk database that
includes all identified risks in the market infrastructures and
occasionally provide a trend analysis to inform decision making.
- Participate in onsite inspections of market
participants to evaluate their systems with a view to highlighting areas
of weakness
- Undertake any other responsibilities as may be
assigned from time to time.
Minimum Qualifications and Experience
- An upper second honours Undergraduate degree
in Engineering, Computer Science or Business Information Technology
- CISA will be an added advantage
Experience:
- Three (3) years relevant experience in a
similar position
Key Skills, Knowledge &
Competencies
- Pro-active and self-driven with a great eye
for detail, strong analytical skills and a strong desire to truly
understand the capital markets
- Strong quantitative and technological training
- Savvy ICT expert with ability to contextualize
the market systems role as against best practice
- Ability to work effectively and efficiently in
a team
- Presentation and communication skills
including ability to write reports;
- Proficiency in computer applications such as
Microsoft Office, Outlook express, financial and statistical packages;
- Ability to maintain high standards of
integrity; establish straightforward and productive relationships;
- Ability to meet tight deadlines as well as
work with minimal supervision
- Experience as a systems analyst or Technical
Business Analyst
- Strong skills in IT security
- Unquestionable Ethics, Integrity and
Professionalism
Enforcement Officer
Ref: HCA/EO/1/2015
1 Position
Reporting to the Assistant Manager Enforcement, the selected candidate will be responsible for;
- Providing technical assistance to the
enforcement department and ensuring enforcement actions are adhered to.
- Assisting in the review of enforcement process
to establish criteria and procedures for development of Enforcement
Standards in consultation with lead agencies;
- Reviewing Investigation reports on violations.
- Drafting Enforcement Memo’s recommending
appropriate enforcement action.
- Drafting and sending Notice to show cause and
Enforcement Action letters.
- Identifying relevant Enforcement Action and
contraventions under the Act and regulations
- Preparing reports and opinions.
- Communicating with licensees via email and
letters.
- Developing and updating the enforcement
register and enforcement actions.
- Liaising with relationship managers of
different licensees to confirm position of matters.
- Assisting with the development and updating of
Enforcement Manual.
- Preparing documentation for audit on a
quarterly and annual basis or as may be needful.
- Educating and informing external and internal
clients on enforcement policies and procedures.
- Ensuring information and documentation is
issued to both the internal and external clients within the prescribed
timeframe.
- Undertaking any other responsibilities
assigned.
Minimum Qualifications and Experience
Qualifications:
- At least an upper second honours Bachelor’s
degree in Law, Business, Economics, Finance, Sciences or any other
relevant field.
- Being an advocate of the High Court of Kenya,
professional qualification such as CPAK, CFE, CPS-K etc. will be an added
advantage
Experience: A
minimum of two (2) years relevant work experience in enforcement processes in
the financial sector.
Key Skills, Knowledge &
Competencies
- Good understanding of capital markets &
financial sector operations and the enforcement of the same.
- Good understanding of the Kenyan legislative
system.
- Presentation and communication skills
including ability to write reports;
- Proficiency in computer applications such as
Microsoft Word, Excel, Access, PowerPoint and Outlook express including
financial and statistical packages;
- Interpersonal and cross-cultural skills
including ability to build alliances and collaborative relationships with
sensitivity to diversity;
- Ability to treat individuals with fairness and
respect, demonstrating sensitivity for ethnic, cultural and gender
differences.
- Ability to meet tight deadlines as well as
work with minimal supervision
- Ability to work effectively and efficiently in
a team
- Organization and analytical skills
- Unquestionable Ethics, Integrity and
Professionalism
Systems Specialist - Finance
Ref: HCA/ERP
- F/11/2015
1 Position
Reporting to Manager Finance with
operational interaction with Director Corporate Services on
systems design and approval the selected candidate will be responsible for:
systems design and approval the selected candidate will be responsible for:
Key Duties & Responsibilities:
- Identifying automation and process improvement
opportunities in operations and lead in development and maintenance of
automation tools to improve efficiency especially within internal
operations.
- Developing and installing tools that will
optimize processing of accumulated data into useful inputs for decision
making.
- Supporting the Finance Manager in reviewing,
enhancing and sustaining automation of entire scope of financial reports
for internal and external purposes in the ERP for ease of continuous
monitoring and reporting.
- Supporting process owners by leading in
development of tools to facilitate ease of compliance with KRA, PPOA,
Ministerial and other legal and procedural compliance issues as might
arise from time to time,
- Championing the design ,interface and
integration between Microsoft Dynamics NAV ERP and Office 365 Power BI for
effective support in decision making,
- Supporting Procurement Head in automaton of
processes including effective integration and usage of e-procurement in
IFMIS.
- Working with the ICT to identify unutilized
capabilities of the ERP system and propose solutions
- Supporting HR in delivery and sustaining
e-recruitment, eLearning, Score cards and other Admin systems to drive
efficiency and reliability.
- Being a reference point for users on
capabilities of ERP and other management tools and adoption of latest
technologies in service delivery.
- With time invest 20% - 40% of time in
accounting and other operations related duties.
- Performing any other duties that may be
assigned from time to time
Minimum Qualifications and Experience
Education
- An upper second BSC- Information Technology,
Software Engineering, Computer Science or its equivalent.
- A recognized ICT professional
qualification/certification relevant to financial/customer service systems
development
- Microsoft Certified Solutions Developer
(MCSD). A specialization in Microsoft Dynamics will be an added advantage
- A full or partial accounting qualification or
a commitment to pursue such a qualification will be required of the right
candidate.
Experience: Demonstrable
2 years’ experience in actual development of financial or customer service
solutions in a reputable organization
Key Skills, Knowledge & Competencies:
- Experience in ERP environment.
- An understanding of the workings of a Finance
department in a medium to large organization.
- Self-starter.
- High level of attention to detail, analytical
and report writing skills
- Effective interpersonal skills.
- Unquestionable Ethics, Integrity and
Professionalism
Risk Analysis Officers
Ref: HCA/RAO/4/2015
2 Positions
Reporting to the Assistant Manager,
Risk Analysis & Compliance the selected candidate will be responsible for:
- Measuring, analyzing and reporting risk posed
by market participants and infrastructure providers, including monitoring
adherence to regulatory conditions.
- Reviewing and analyzing varieties of
quantitative and non-quantitative measures to guide risk assessment to
determine intermediaries risk profiles.
- Assessing the governance and financial
strengths of market participants and infrastructure providers to determine
acceptable levels of risk exposure
- Analyzing the risks inherent in the products
offered by market participants across all asset classes including new
complex derivative transactions
- Participating in evaluating potential risks to
market and systematic stability arising from newly introduced products and
business lines in the market.
- Participating in business relationship
management by covering specific portfolio of intermediaries and or
infrastructure providers with a responsibility for maintaining a close
relationship with and deep understanding of assigned firms in order to
identify business developments that could potentially impact firm’s risk
profile
- Evaluating and sharing information for a
thorough assessment of the overall business environmental and internal control
factors of intermediaries’ and infrastructure providers and developing
trending analysis.
- Reviewing of business practices, changes in
key personnel, changes in nature of service/products offered by market
participants to identify key risks
- Preparing a bi-annual risk profiling summary
reports highlighting intermediaries risk profiles to inform proper
allocation of regulatory resources
- Maintaining a comprehensive risk database that
includes the profiles of the various intermediaries and infrastructure
providers with highlights of key vulnerabilities and applicable trend
analysis
- Visiting intermediaries to evaluate their risk
management processes and advise on ways of improvement
- Circulation of risk and corporate governance
questionnaires to market participants and review self-assessment reports
from market participants
- Organizing workshops to sensitize market
participants on key risks identified in the market and mitigation measures
- Undertaking any other responsibilities as may
be assigned from time to time.
Minimum Qualifications and Experience
- An upper second honours Undergraduate degree
in Engineering, Actuarial Science, Computer Science, Finance and
Accounting, mathematics or any other relevant field.
Experience: Demonstrable
Two (2) years relevant experience in a reputable organisation in audit or risk
analysis roles.
Key Skills, Knowledge & Competencies
- Pro-active and self-driven people with a great
eye for detail, strong analytical skills and a strong desire to truly
understand the capital markets
- Strong quantitative and technological training
- Presentation and communication skills
including ability to write reports;
- Proficiency in computer applications such as
Microsoft Word, Excel, Access, PowerPoint and Outlook express including
financial and statistical packages;
- Ability to meet tight deadlines as well as
work with minimal supervision
- Ability to work effectively and efficiently in
a team
- Unquestionable Ethics, Integrity and
Professionalism
Senior Officer - Risk Management
Ref: HCA/SORM/9/2015
1 Position
Reporting to Manager, Internal Audit & Risk Management, the selected candidate will be responsible to:
- Coordinating the implementation on enterprise
wide risk management framework, policy, procedures and systems in order to
minimize Authority’s risk exposure and fraud activities.
- Contributing to effective management and
reporting of risks within the Authority.
- Facilitating the carrying out of risk
assessments to determine the risk profile of the Authority, identifying
risk control capacity gaps and exposure in the Authority operations,
governance, ICT and financial operations.
- Reviewing, implementing and maintaining the
enterprise-wide risk management strategy, policy and framework as approved
by the Board.
- Participating in devising improvement strategies
for these risk mechanisms and controls.
- Managing the Authority fraud risk assessment
and prevention procedures and maintain and update the Authority’s risk
register.
- Monitoring and evaluating the effectiveness of
the Authority’s risk management system.
- Monitoring and evaluating the status of risk
management and general compliance of the Authority.
- Coordinating the preparation and presentation
of periodic reports to the Audit, Corporate Governance & Risk
Management Committee and management as and when required.
- Providing secretarial support to the Risk
Management Committee.
Minimum Qualifications and Experience
Qualification:
- Upper second or equivalent Bachelor’s Degree
in Business or related field
- Membership with a professional body
- Professional qualification in risk management
or advanced progress towards certification will be required.
Experience:
- 4 years of relevant experience in a reputable
organization.
Key Skills, Knowledge &
Competencies
- Integrity.
- Risk management and audit processes.
- General fraud prevention strategies.
- Problem solving and analysis.
- Computer literacy.
- Team player.
- Professionalism.
- Initiative and self-drive for high quality
performance.
- Excellent communication and interpersonal
skills.
- Negotiation skills.
- Unquestionable Ethics, Integrity and
Professionalism
Systems Network & Security
Administrator
Ref:
HCA/SNSA/2/2015
1 Position
Reporting to Assistant Manager ICT, the selected candidate will be:
- Administering, configuring and ensuring
Network Connectivity of all users and IT resources to the organizational
network.
- Creating and maintaining documentation of
Network infrastructure, resources, maintenance, operating and
troubleshooting procedures.
- Ensuring proper backing up of organizational
data.
- Ensuring all important data is included in the
scheduled backups.
- Coordinating and strictly enforcing the
implementation of data backup procedures.
- Performing routine backup restorations to
verify backup is operational
- Modifying backup schedule as required to
ensure all important data is fully backed up at all times.
- Administering Disaster Recovery Processes.
- Implementing Network Security measures to
protect information, software and hardware
- Monitoring Network Access and Use.
- Ensuring Anti-virus software is up to date,
and provide solutions in case of virus attacks.
- Providing monitoring and primary response and
intervention for information technology related security incidents and
violations.
- Researching and providing advice on emerging
trends in the ICT industry and recommend new equipment and services for
the Authority
- Implementing and documenting Network and
Security Changes, checks, problems, incidents
- Diagnosing, troubleshooting, and resolving
user software, hardware issues, and replace defective components when
necessary.
- Implementing and maintaining a master console
to perform monitoring of Network and Computer systems critical functions.
- Proposing and implementing system enhancements
(software and hardware updates) that will improve the performance and
reliability of the systems managed by the Authority.
- Any other duties and responsibilities as
assigned from time to time.
Minimum Qualifications and Experience
Qualification:
- At least an upper second honours degree in
Computer Science or IT related disciplines from a reputable institution.
- A recognized certification in network
management and security will be preferred.
Experience:
- 2 years’ experience managing computer networks
in a reputable organization.
Key Skills, Knowledge &
Competencies
- Ability to work independently and effectively
under pressure and within tight deadlines.
- Extensive experience in hardware and software
support and management.
- Ability to integrate and converge modern
technologies.
- Ability to think on the spot and creatively
provide solutions to IT problems.
- Attention to detail.
- Good analytical and problem solving skills.
- Great Interpersonal skills.
- Unquestionable Ethics, Integrity and
Professionalism
Senior Human Resource Officer - Training
& Development
Ref: HCA/SHRO/3/2015
1 Position
Reporting to the Manager Human Capital and Administration, the selected candidate will be:
- Coordinating change management initiatives
- Implementing training and development
initiatives working closely internally with line managers and externally
with service providers.
- Coordinating the day to day operations of the
Training and Development Function, liaise with Heads of departments and
staff in identification of training needs in line with the strategic plan
and emerging business needs.
- Consolidating the annual training needs into
an annual training plan and oversee its implementation.
- Implementing the internship programme in
liaison with directorates and departments as per the laid down policy
- Monitoring submission of training reports,
evaluations and other relevant documents by staff after training,
coordinate the evaluation of training to determine return on investment
and its effectiveness in line with targeted business needs.
- Implementing the staff induction programme in
line with the policy.
- Coordinating the implementation of the Club
membership policy, prepare, monitor and implement the training budget.
- Liaising with external training providers on
training arrangements and organizes in house trainings as required.
- Participating in the implementation of the
performance management system which includes preparation of reports and
monitoring of trends and consolidation of training needs among others.
- Organizing logistics for staff on training
including but not limited to travel requirements
- Performing any other duties as may be lawfully
assigned from time to time.
Minimum Qualifications and Experience
Qualification:
- An upper second honours degree in business,
social studies or a technical field backed by with a
- Higher Diploma in Human Resource Management
Experience:
- 4 years’ experience in Human Resources
services with hands on exposure in actual implementation of change
management, training and development programmes in a reputable
organization.
Key skills, Knowledge &
Competencies
- Computer skills.
- Knowledge of relevant policies and procedures.
- Planning skills.
- Excellent interpersonal skills.
- Communication Skills (Written and oral).
- Flexibility.
- Attention to Detail and Accuracy.
- Report writing skills.
- Unquestionable Ethics, Integrity and
Professionalism
Licensing & Approvals Officers
Ref: HCA/LAO/5/2015
2 Positions
Reporting to the Assistant Manager,
the selected candidate will be responsible for;
- Assisting in review of applications for
approvals for issue of securities.
- Undertaking legal compliance review of
applications for licensing including by Fund Managers, Securities and
Derivative Exchanges, Collective Investment Schemes, Investment Banks and
Real Estate Investment Schemes.
- Undertaking legal review of applications for
various approvals such as rights issues, share splits, mergers &
acquisitions, advertisements, bonus Issue, private transfers etc.
- Reviewing notices, announcements and
advertisements by market intermediaries and listed companies and making
recommendations of the suitability for publication.
- Undertaking fit and proper assessments of
directors and key personnel.
- Maintaining databases relating to licensing
and approvals applications.
- Undertaking research on emerging capital
markets products and services to supplement review of applications.
- Preparing legal opinions on the impact of the
Laws of Kenya and applicable international standards on applications under
consideration
- Preparing performance reports on key
performance indicators.
- Responding to queries and correspondence from
various internal and external parties on the licensing and approvals
requirements.
- Attending and participating in the work of ad
hoc committees as shall be assigned.
- Undertaking any other tasks as may be assigned
from time to time.
Minimum Qualifications and Experience
Qualification:
- At least an upper second honors Bachelors’
Degree in Law, Business Studies, Finance, Economics or related
fields
Experience:
- Up to Two (2) years relevant experience in a
legal environment, financial market or related field in a reputable
organization.
Key skills, Knowledge &
Competencies
- Presentation and communication skills
including ability to write reports;
- Proficiency in computer applications such as
Microsoft Word, Excel, Access, PowerPoint and Outlook express including
financial and statistical packages;
- Interpersonal and cross-cultural skills
including ability to build alliances and collaborative relationships with
sensitivity to diversity;
- Ability to maintain high standards of
integrity; establish straightforward, productive relationships; and
- Ability to treat individuals with fairness and
respect, demonstrating sensitivity for ethnic, cultural and gender
differences.
- Ability to meet tight deadlines as well as
work with minimal supervision
- Ability to work effectively and efficiently in
a team
- Organization and analytical skills
- Unquestionable Ethics, Integrity and
Professionalism
If your background, experience and
competence match the specifications outlined, please send your application,
quoting the reference of the position you are interested in, including your current
curriculum vitae, copies of your certificates and other testimonials, salary
history, three referees (one of who must be either your current or previous
employer), day telephone number, e-mail address and details of your current
salary and benefits to:
The Chief Executive
Capital Markets Authority
UpperHill, Longonot Rd
3rd Floor, Embankment Plaza,
P. O Box 74800 – 00200,
Nairobi
Applications should be received on or before May14, 2015
Only shortlisted candidates will be contacted for interviews.
“Capital Markets Authority is an Equal Opportunity Employer.
Persons with disabilities are
encouraged to apply.