TERMS
OF REFERENCE FOR INFORMATION TECHNOLOGY SPECIALIST (REF: 6.1.23)
1.0
BACKGROUND
The
EAC Financial Sector Development and Regionalization Project I (EAC - FSDRP I),
which is funded by a $16 million IDA grant, became effective in June 2011. The
project aims to support the development of the East African financial sector,
through the establishment of a single market in financial services. Creation of
a single financial services market, will also contribute to realization of the
Common Market Protocol, by facilitating the attainment of the four freedoms
i.e. movement of: goods, labour, services and capital.
Under
FSDRP I, the Project Administration Team (PAT) has begun work to establish
foundations for EAC financial sector regionalization through; establishing core
capacity at the institutional level to support the EAC financial sector integration
process; producing EAC model directives for financial sector laws and
regulations; and achieving early wins in regional integration of market
infrastructure.
The
FSDRP I is structured into six components. The components are: (i) Financial
inclusion and strengthening market participants (ii) Harmonization of financial
laws and regulations against common standards; (iii) Mutual recognition of
supervisors; (iv) Integration of financial market infrastructures; (v)
Development of a regional bond market; and (vi) Capacity building.
The
East African Community Secretariat intends to use part of the funding to
recruit a team of officers to oversee the implementation of the Capital Markets
Infrastructure (CMI) for the EAC region. One of the officers is an Information
Technology Specialist (IT Specialist) to manage the CMI databases and related
information technology infrastructure.
2.0
BACKGROUND OF CAPITAL MARKETS INFRASTRUCTURE
The
EAC FSDRP is seeking to put in place a Capital Markets Infrastructure that will
link all the National Trading Platforms within the EAC region with the aim of
achieving the above goal. That is, to create a single market for securities
within the region. This will also contribute to the realization of the Common
Market Protocol, by facilitating the attainment of the four freedoms i.e.
movement of goods, labour, services and capital.
The
infrastructure is envisaged to link all the Automatic Trading Systems (ATS) and
the Central Securities Depositories (CSD in the EAC region. The overall
objective is to allow a seamless movement of securities and payments between
the different EAC Capital Markets, compatible at the regional level, in order
to enable the creation of a regional financial market in the EAC region.
The EAC – FSDRP 1
requires the services of an experienced professional, familiar with the
operations and management of capital markets and Central Depository Systems
(CDS) within the region and/or developing economies. The IT Specialist will be
responsible for the maintenance of the CMI database by planning, implementing,
monitoring, and improving performance of the databases and related IT
infrastructure. In conjunction with the Project Manager and CMI Business
Operations Specialist, ensure availability and smooth running of the CMI
throughout any business day upon going live. To monitor and help mitigate both
operational and reputational risks by ensuring participants to the CMI adhere
to the laid down CMI rules and operational procedures. To carry out his/her
tasks, the IT Specialist will be required to maintain liaison with relevant
stakeholders including IT staff in the central banks, Stock Exchanges and
Central Securities Depositories across the EAC Partner States, EAC Secretariat
and other relevant EAC organs.
4.0
SCOPE OF THE ASSIGNMENT
The position requires delivery of the incumbent’s own
direct technical inputs and consultative processes relating to CMI operations.
The IT Specialist’s specific responsibilities will be as follows:
1.
Managing and providing support for the
Capital Markets Infrastructure (CMI) information systems;
2.
Coordinating and overseeing smooth
operations of the CMI information systems;
3.
Ensuring compliance to the CMI Operational
rules and procedures by all participants;
4.
Training
new users on basic CMI network functions, CMI system access and software
programs as needed;
5.
Managing business operations continuity
requests for the CMI;
6.
Installing and when necessary upgrading the
database servers and application tools of the CMI as and when necessary;
7.
Plan database upgrades by maintaining,
evaluating, and improving a transaction processing model of the CMI;
8.
Assess
database performance of the CMI by developing a protocol for measurement of
results and identification of problem areas;
9.
Regular improvement of the CMI databases,
applications and network performance by monitoring their performance;
10.
Evaluating
and resolving processing and programming problems, and designing database
management tools;
11.
Allocating the CMI system storage and
planning future storage requirements for the database systems;
12.
Ensuring security of the CMI databases by
preparing access and control policies and procedures and facilitating
implementation of the disaster recovery procedures;
13.
Supporting
the CMI application design by contributing expertise to applications,
operations, and technical support teams in the Partner States Capital Markets;
14.
Ensuring compliance with the CMI database
vendor license agreement;
15.
Ensuring CMI operational safety and
resilience;
16.
Promoting the Capital Markets integration
agenda; and
17.
Together with the CMI Project Manager and
the Business Application Specialist, manage the resources within the CMI
Operations office.
The IT Specialist
will be required to provide;
i.
Efficient,
effective and resilient CMI information systems;
iii.
Coordination together with the Project
Manager of activities of all the stakeholders relating to the CMI
implementation; and
iv.
Together
with the Project Manager, design the project implementation schedule and ensure
all the stakeholders abide to it.
4.0
QUALIFICATIONS AND EXPERIENCE
A
Bachelor’s degree or its equivalent in Computer Science, IT and/or related
fields. A professional qualification in related fields will be an added
advantage e.g. Certified UNIX Administrator or Microsoft certified engineer.
At
least 5 years of relevant experience, at middle level management or above,
working in: central banks Central Depository Systems environment, Real Time
Gross Settlement (RTGS) database environment, or Automatic Trading Systems.
Experience in implementing Capital Markets Systems will be another added
advantage.
Experience
and demonstrated knowledge of Oracle relational database systems, database
logic knowledge and report writing skills are required.
5.0
SKILLS AND COMPETENCIES
The
person should have strong knowledge and experience in implementing regional
Capital Markets Systems. In addition, knowledge in business reengineering and
processes will be required.
6.0 TERMS AND
CONDITIONS OF SERVICE
This
is an EAC-FSDRP project position supported by Donor Funds, and is a
non-established position for which contract terms are limited to the period of
the CMI project implementation, and may be renewed subject to performance of
the person during the implementation period and go live environment.
The
IT Specialist will be recruited by the EAC Secretariat for an initial period of
Ten (10) months and the contract may be renewed contingent upon project budgets
and a satisfactory performance evaluation during the period.
Attractive
consolidated remuneration packages for fixed contract positions will be paid in
accordance with the EAC-FSDRP budget.
8.0 HOW TO APPLY
Suitably
qualified candidates should submit their applications quoting the reference
number of the position applied for, by registered mail, courier service, e-mail
(all soft copies should be in MS Word) or dispatch together with Curriculum
Vitae, copies of both academic and professional certificates and testimonials,
names and addresses of three referees, and day time telephone/cell phone
contact details to:
East
African Community 5 EAC Close
P.O. Box 1096 Arusha
- Tanzania.
Fax
No: 007 27 2502455/2504481 E-mail: eac@eachq.org
TO BE RECEIVED NOT
LATER THAN 25 SEPTEMBER, 2014 AT
17:00 ARUSHA TIME
INFORMATION TECHNOLOGY SPECIALIST AT EAST AFRICAN COMMUNITY
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