Chief Executive - Capital Markets Authority

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.

The CMA is a statutory agency charged with the prime responsibility of regulating the development of orderly, fair and efficient capital markets in Kenya.

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,
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.