The Capital Markets Authority (CMA) is a statutory agency charged with the responsibility of regulating and developing an efficient capital market in Kenya. To take our increasingly vibrant market to the next level, the Authority now invites applications from qualified, competent and experienced candidates for various roles.
For all the positions, we are looking for candidates who are proactive high performers; goal oriented, possess strong analytical and problem solving skills, able to meet deadlines, have a strong attention to detail as well as having a view of the big picture and are dynamic.
1. Corporate Approvals Manager
HCA / CAM/ 01- 1 Post
Reporting to the Director, Market Operations the Corporate Approvals Manager is responsible for providing the technical and strategic leadership in the coordination of the timely review of license applications; information memoranda and other documentation for the listing of issues and offers through the securities exchange as well as approval of equity and debt instruments in line with capital market requirements. Coordinating the review of registration of “approved institutions”.
Major Duties and Responsibilities
- Participate in the formulation and development of the Authority’s strategic plan including monitoring and evaluating the implementation of work plans related to the licensing of market intermediaries; approval of issues and listing and registration of approved institutions;
- Oversee the development of annual work-plans and budgets for implementing offers, listings; licensing of market institutions and intermediaries; approvals and registration of approved institutions;
- Oversee the coordination of the review of applications for licensing market institutions and intermediaries;
- Supervise the coordination of the review of the information memoranda and other documentation to ensure that the information to applications for listing of new issues at the security exchange and acquisitions of publicly listed companies is accurate and complete and provides full disclosure of material facts;
- Participate in the review of applications from publicly listed companies to offer additional securities to the public in line with capital market requirements;
- Coordinate the review of applications from publicly listed companies involved in restructurings, takeovers, acquisitions and mergers in line with the capital markets requirements;
- Coordinate the review of applications for approval of equity and debt instruments;
- Oversee the registration of Collective Investment Schemes in line with the requirements of the Capital Markets Act and Regulations issued thereunder;
- Oversee the review of notices, announcement and advertisements by market intermediaries and listed companies and make recommendations of the suitability for publication;
- Liaise with Government Agencies, the Nairobi Securities Exchange, Central Depository & Settlement Corporation, legal firms and other key stakeholders regarding issues, listings and licensing applications;
- Plan, monitor and evaluate the performance of staff against set targets and objectives and implementing development action plans aimed at building the capacity of individuals and multi –disciplinary teams.
Academic Qualifications:
- Masters in Law or Masters in Business Administration;
- Bachelor of Laws, LLB
- Post graduate Diploma in law from Kenya School of Law
Professional Qualifications and Experience
- At least five (5) years post admission experience in legal affairs;
- Admission as an Advocate of the High Court of Kenya;
- A strong understanding of the capital markets operations and institutional policy;
- Experience in the practice of corporate commercial law and transaction advisory;
- A strong understanding of the Kenyan legislative system;
- Demonstrated proven leadership, high level of attention to detail, high integrity, good analytical and report writing skills and effective interpersonal skills.
Added Advantage:
- Certified Public Secretary (CPS) or Certified Public Accountant (CPA) Qualifications is added advantage
- Skills in legal framework
2. Assistant Manager Financial Analysis
HCA/aMfa/02-1 Post
Reporting to the Corporate Approvals Manager, the Assistant Manager Financial Analysis is responsible for planning, developing, coordinating, implementing and evaluating financial projects involving analysis and interpretation of financial statements of listed companies and market intermediaries aimed at securing compliance with capital markets rules and regulations in order to safeguard and protect investor interests.
Main Duties and Responsibilities
- Coordinate and implement regular and ad-hoc analysis of periodical financial statements of market intermediaries and listed companies to secure continued compliance with capital markets rules and regulations;
- Review applications for registration and licensing of market intermediaries and also conduct inspections and provide recommendations for the registration and licensing of companies to operate in the country’s securities market;
- Review prospectuses for potential or actual material accounting or financial reporting deficiencies to ensure that investors are provided with balanced information on which to base investment decisions;
- Coordinate the analysis of financial statements submitted in support of applications by issuers;
- Coordinate the analysis of investment programs, such as price, yield, stability and investment risks;
- Coordinate evaluation and comparative analysis of various securities in a given industry;
- Develop and implement guidelines regarding the standards and quality of financial reporting;
- Monitor fundamental economic, industrial, and corporate developments;
- Coordinate the examination of annual corporate and consolidated financial statements of potential issuers prior to the listing of securities at the Securities Exchange (NSE);
- Coordinate the review of financial documents relating to Take Overs, Mergers and Acquisitions to determine costs and benefits of proposed merger or takeovers;
- Implement an effective monitoring and evaluation system to facilitate in-depth analysis of instances of non-compliance;
- Review incidents of non-compliance and fraudulent market operations.
- Coordinate continuous financial reporting by listed companies and intermediaries as well as timely review of those financial returns.
Required Qualifications, Competencies & Experience
- A degree in Mathematics, Economics, Accounting, Finance, Actuarial Science or in a related field;
- A professional qualification such as CFA, CPA, CISA or equivalent;
- Masters degree in business or related field is added advantage;
- Membership in a relevant professional body;
- A minimum of four (4) years relevant work experience gained from money and capital markets or relevant financial organizations with a strong focus on analysis, compliance and market regulation;
- Excellent analytical and problem solving skills, strong IT skills, high integrity and report writing skills.
3. Assistant Manager, Legal Framework
HCA/AMrF/09- 1 Post
Responsible to the Manager, Strategy, Policy &Regulatory Framework the Assistant Manager, Legal Framework is responsible for conducting reviews to assess impediments to capital markets development arising from inadequacies in the current laws and regulations, institutional arrangements and drafting legislations and regulations to bridge the identified gaps.
Major Duties & Responsibilities:
- Continually conducting diagnostic studies and reviews to assess impediments to capital markets development arising from inadequacies in the current laws and regulations, institutional arrangements, supporting infrastructure and technical capacity
- Preparing plans for improving the legal and regulatory framework, institutional arrangements, infrastructure and capacity over the short, medium, and long term, identifying impediments to full implementation of IOSCO Principles and presenting relevant legislation while adopting international best-practice standards from other jurisdictions.
- Facilitating discussions with Capital markets stakeholders and agreement on new initiatives to address policy, legal, regulatory, supervisory, institutional and capacity constraints to the development of the capital market in Kenya.
- Developing guidelines, rules and procedures to implement the regulatory framework. Organize and coordinate the review of capital markets enabling legislation, rules, regulations and guidelines and recommend amendments where need arises.
- Acting as the liaison person with the Attorney General’s office, Ministry of Finance, Registrar General, Law Reform Commission and other relevant agencies.
Required Qualifications, Competencies & Experience
- A degree in Law or in a related field;
- Postgraduate Diploma in Law from the Kenya School of Law;
- Advocate of the High Court of Kenya;
- Masters Degree in Law is an added advantage;
- Membership in a relevant professional body;
- A minimum of four (4) years relevant work experience two in a supervisory position in a capital markets or relevant financial organizations with a strong focus on legal drafting and market regulation;
- Certified Public Accountant (CPA) qualifications is added advantage
4. Senior Investigations Officer
hca/sio/03- 1 Post
Reporting to the Assistant Manager, Investigations, the Senior Investigations Officer is responsible for investigating non-compliance with the Capital Markets regulatory framework and complaints raised by investors, market players or any other stake holder against licensed market intermediaries and listed companies.
Major Duties and Responsibilities
- Investigating non-compliance with the capital markets regulatory framework;
- Investigating complaints raised by investors, market players or any other stake holder against licensed market intermediaries and listed companies;
- Examining findings from surveillance and inspection activities to identify violations of the Capital Markets Act and Regulations;
- Recommending administrative and legal interventions in line with the capital markets act and regulations.
Required Qualifications, Competencies & Experience
- Degree in Finance, Law or related field;
- Certified Fraud Examiner;
- Membership in a relevant professional body;
- A Diploma in Law and Certified Public Secretary (CPS) qualification is added advantage;
- A minimum of 3 years of work experience in investigations;
- Experience in capital markets or financial/forensic investigations;
- Excellent investigations skills strong IT skills and high integrity.
5. Infrastructure & Product Development Officer
HCA/IPDO/04- 1 Post
Reporting to the Assistant Manager, Infrastructure and Product Development, the job holder will be undertaking research and product development activities.
Major Duties and Responsibilities
- Prepare research and surveys reports on existing and new capital market products and services, performance, characteristics and trends, business practices;
- Maintain and update feasibility study report , research analysis and survey findings for purposes of decision making;
- Follow up implementation of policies, procedures, methodologies and quality standards for introducing new products and services into the capital markets;
- Prepare weekly , monthly, and annual reports or such other reports as may be required from time to time;
Required Qualifications, Competencies & Experience
- A degree in Business Administration / Social Studies or a related field;
- Relevant computer skills;
- Minimum of two (2) years relevant work experience in Infrastructure design and Product Development in a busy organization.
- Excellent analytical skills, strong IT skills, high integrity and report writing skills.
6. Human Resource Assistant
HCA/HRA/05- 1 Post
Reporting to the Human Capital Officer, the selected candidate will be responsible for:
- Processing and maintenance of leaves records;
- Verification of payment claims and benefits applications;
- Coordination of the recruitment process;
- Maintenance of Human Resources database in such areas as training , performance appraisal and staff compliment etc.;
- Drafting internal and external correspondences on routine human resources enquiries;
- Preparation of regular and adhoc reports as may be required from time to time.
The ideal candidate should possess:
- Higher Diploma in Human Resource Management;
- A minimum of 2 years’ experience in Human Resources Management;
- Hands on skills in MS Office packages; good interpersonal and communication skills, high sense of precision and accuracy.
7. Legal Officer
HCA/LO/06 - 1 Post
Reporting to the Director, Corporate Secretary and Communications, the Legal Officer will be providing legal support in drafting contracts and review of legal documents to ensure they are compliant with the relevant legislation and Authority’s interests are safeguarded.
The job holder will also provide legal advice to directorates in their day to day business operations.
Major Duties and Responsibilities
- Prepare drafts and negotiate contracts and other legal documents between the Authority and other parties;
- Participate in settlement and arbitration of disputes to ensure compliance with capital market requirements;
- Advise management on the applicable laws, rules and standards with regard to the Authority business;
- Provide legal support to other directorates on legal matters through provision of legal interpretation and application;
- Provide liaison between Capital Markets Authority and external lawyers in all legal matters to ensure interest of the Authority are safeguarded;
- Prepare contracts to ensure they comply with the set provisions;
- Any other duties as may be assigned by the supervisor from time to time.
Required Qualifications, Competencies & Experience
- Bachelor’s degree in Law;
- Postgraduate diploma in law from the Kenya School of Law;
- Certified Public Secretary (CPS);
- Certified Public Accountant (CPA) qualifications is added advantage;
- Admission as an Advocate of the High Court of Kenya with a current practising certificate;
- Minimum of two (2) years post admission experience;
- An understanding of the capital markets operations;
- Experience in company secretarial work;
- A strong understanding of the Kenyan legislative system;
- A strong research background is added advantage;
- A high level of attention to detail,good analytical skills,verbal communication, report writing skills and effective interpersonal skills.
8. Administrative Assistant
HCA/AA/11 - 3 Posts
Responsible for coordinating office activities, supporting operational functions and performing administrative and secretarial assignments in the office of the Director.
Major Duties & Responsibilities:
- Coordinate internal and external communication in the directorate;
- Provide planning and logistical support to the Director and Managers within the Directorate with particular focus on both internal and external meetings,
- Maintain records in the directorate by ensuring that they are recorded and well maintained;
- Draft letters and correspondences on behalf of the Director
- Provide secretarial support to meetings of the Directorate and maintenance of departmental leave and working schedules;
- Maintain an inventory of all the assets and other facilities of the Directorate and requisition all office utilities from the stores and other external providers for purposes of smooth office operations;
- Ensures cleanliness of the directorate offices is maintained by liaising with the Administration Officer;
- Ensures all the directorate office equipment are serviceable and available;
Required Qualifications, Competencies & Experience
- Diploma in Secretarial Studies from a recognized institutional or a relevant qualification;
- Knowledge , use and application of computer packages;
- A minimum of 2 years work experience in a busy office providing administrative support;
- Excellent computer skills, communication skills both written and oral, organizational skills and ability to prioritize tasks, ability to perform with deliberate speed and accuracy without immediate and constant supervision, friendly, personable with ability to build harmonious working relationship with clients, co-workers and the general public, ability to exercise good judgment in recognizing scope of authority and protecting confidential information.
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:
Chief Executive
Capital Markets Authority
Embankment Plaza, 3rd Floor, Longonot Rd, Upperhill, Nairobi
P. O Box 74800 – 00200
Nairobi
The closing date is May 22, 2012
Only shortlisted candidates will be contacted for interviews.
