Latest Vacancies at Capital Markets Authority

Law, Legal, Finance, Accounting, Audit,

Senior Enforcement Officer – Ligation

REF: CMA/ SEO/07/2023 – 1 POST
Job Purpose

Reporting to the Manager Enforcement, the Senior Enforcement Officer will be responsible for review, assessment, and analysis of reports with enforcement recommendations with respect to regulatory breaches and recommending appropriate actions, representing the Authority in litigation cases relating to matters under investigation and enforcement and/or providing required information to compile pleadings on behalf of the Authority in such cases. This is a position under permanent and pensionable terms of service.

Job Responsibilities

• Implementing enforcement programs, systems, manuals and procedures;
• Reviewing enforcement recommendations, preparing opinions and making appropriate recommendations;
• Planning, and coordinating the preparation and review of documentation for the prosecution and defence of cases with respect to regulatory breaches;
• Representing the Authority in hearings in courts, tribunals and other fora;
• Identifying and preparing witnesses to testify on behalf of the Authority in hearings;
• Implementing capital market intelligence gathering frameworks for the Unit;
• Providing timely feedback to various parties in enforcement matters;
• Preparing periodic enforcement reports to internal and external stakeholders as may be required;
• Conducting legal research to inform enforcement strategies; and
• Ensuring maintenance of a records management system for all investigation matters.

Minimum Requirements

• Bachelors Degree in Law;
• Admission as an Advocate of the High Court of Kenya and member of the Law Society of Kenya;
• At least four (4) years related work experience;
• A supervisory course lasting not less than two (2) weeks is an added advantage; and
• Member of professional body in good standing where applicable.

Key skills, Knowledge & Competencies

• Understanding of investigations and enforcement of capital markets operations as well as financial sector operations;
• Understanding of the Kenyan legislative and judicial system;
• Report writing skills;
• Professional skepticism;
• Legal Analysis;
• Negotiation skills and dispute resolution; and
• Ability to maintain high standards of integrity; establish straightforward, productive relationships.
   

Senior Manager Market Supervision

REF: CMA/SMMS/03/2023– 1 POST
Job Purpose

Reporting to the Director, Market Operations, the Senior Manager Market Supervision will be responsible for providing technical leadership and strategic direction in the supervision of regulated entities to ensure compliance with capital markets legal and regulatory requirements with a view to protection of investors’ interests and ensuring that the securities markets are fair, efficient, and transparent. The successful candidate will serve on a five (5) year contract renewable based on performance. The Authority will offer a competitive remuneration package to the successful candidate.

Job Responsibilities

• Providing technical leadership in the development of supervision philosophy and frameworks for effective implementation of supervision methodologies;
• Developing and monitoring implementation of the supervision strategy;
• Advising the Director Market Operations and the Chief Executive Officer on all issues relating to market supervision;
• Overseeing the design and implementation of programs to address market risk as well as oversight of market infrastructures deployed by regulated persons;
• Coordinating supervision activities on alternative markets including trading platforms and other market infrastructure;
• Overseeing the design and implementation of surveillance strategies and programs to detect and deter regulatory breaches;
• Reviewing and implementing appropriate early warning systems and the necessary intervention strategies to mitigate risks in the capital market;
• Identifying areas for technical and specialists support to the Department including stress testing, surveillance, risk, and other critical supervision matters; and
• Maintaining relations with key stakeholders to provide appropriate understanding of the Authority’s regulatory standards and policies.

Minimum Requirements

• Bachelors Degree in Law, Finance or a relevant field;
• Relevant Masters Degree;
• Member of professional body in good standing;
• At least eight (8) years of work experience;
• At least three (3) years’ experience in management level; and
• Management course lasting not less than four (4) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Strategic Transformation skills;
• Risk Management skills;
• Professional Skepticism;
• Understanding of securities market and financial sector operations as well as relevant regulations;
• Knowledge on strategic management, project planning and budgeting, resource management, implementation as well as monitoring and evaluation; and
• Ability to maintain high standards of integrity, establish straight forward, productive relationships.

Senior Manager Market Deepening

REF: CMA/SMMD/02/2023– 1 POST
Job Purpose

Reporting to the Director, Policy and Market Development, the Senior Manager Market Deepening will be responsible for market deepening by facilitating development and uptake of existing and new products and services and driving innovation. The successful candidate will serve on a five (5) year contract renewable based on performance. The Authority will offer a competitive remuneration package to the successful candidate.

Job Responsibilities

• Providing technical leadership and direction in the implementation of market development strategies and programmes
• Designing, developing and implementing policies, procedures, methodologies and quality standards to support introduction of new products, services and innovations into the capital markets;
• Driving stakeholders’ engagement to increase uptake and design of new products based on established needs;
• Devising strategies to drive product uptake;
• Guiding conduct of feasibility studies for new capital markets products and services and making recommendations regarding their introduction and positioning in the capital markets;
• Undertaking surveys and collating market players feedback to inform improvements in new directions on product update strategies;and
• Providing technical input in process and project delivery committees.

Minimum Requirements

• Bachelor’s Degree in Business/ Economics/ Finance/ Engineering or relevant field;
• Relevant Masters’ degree;
• Membership to relevant professional body in good standing;
• At least eight (8) years’ experience with at least three (3) years in a Managerial role; and
• Management course lasting not less than four (4) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Communication skills;
• Networking skills;
• Problem solving skills;
• Leadership skills;
• Integrity and honesty;
• Organizations skills;
• Detail oriented; and
• Creativity.

Senior Manager Investigation and Enforcement

REF: CMA/SMIE/04/2023– 1 POST
Job Purpose

Reporting to the Director, Market Operations, the Senior Manager Investigations and Enforcement will be responsible for providing technical leadership and strategic direction in the design, implementation and evaluation of the Authority’s Investigation and Enforcement functions for purposes of meeting the Authority’s supervisory and regulatory statutory mandate. The successful candidate will serve on a five (5) year contract renewable based on performance. The Authority will offer a competitive remuneration package to the successful candidate.

Job Responsibilities

• Develop investigation and enforcement strategy, systems, procedures and programs to achieve protection of investors’ interest, enhance market integrity and increase deterrence;
• Develop capital market intelligence gathering frameworks for the Investigation and Enforcement Department;
• Spearhead the process leading to prosecution, defence and administrative actions against regulated persons in cases where the capital markets legal and regulatory framework has been contravened;
• Lead and manage representation of the Authority in hearings in courts, tribunals and other fora;
• Facilitate relationships with domestic and international strategic partners to promote successful prosecutions;
• Advise on the legal and regulatory gaps, trends in violations, to inform policy and regulatory reforms to ensure efficient and effective investor protection;and

Minimum Requirements

• Bachelors Degree in Law, Finance or a relevant field;
• Relevant Masters Degree;
• Member of professional body in good standing such as CS(K), CPA (K), ACCA, CFA, CFE, CISA, LSK where applicable;
• At least eight (8) years of work experience in a managerial role and
• Management course lasting not less than four (4) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Understanding of investigations and enforcement of capital markets operations as well as financial sector operations;
• Understanding of the Kenyan legislative and judicial systems;
• Professional skepticism;
• Legal analysis;
• Knowledge of strategic management, project planning and budgeting, resource management, implementation as well as monitoring and evaluation;
• Efficiency and objectivity in reviewing investigations and enforcement reports;
• Ability to maintain high standards of personal and professional integrity; and
• Good judgement.

Senior Legal Officer – Regulatory Framework

REF: CMA/SLORF/08/2023– 1 POST
Job Purpose

Reporting to the Manager, Legal Framework, Responsiveness and Analysis, the Senior Legal Officer, Regulatory Framework will be responsible for development of and review of robust and responsive capital markets legal and regulatory frameworks, providing technical advisories and interpretation of the capital market and related legal and regulatory framework. This is a position under permanent and pensionable terms of service.

Job Responsibilities

• Coordinating legal research to ensure that policy requirements can be accurately translated into workable legislative instruments;
• Interpreting the Capital Markets Legal and Regulatory framework through periodic advisories;
• Planning and conducting diagnostic studies and reviews to assess impediments to capital markets development and barriers to full implementation of the International Organization of Securities Commissions (IOSCO) Principles and other international standards;
• Facilitating discussions with internal and external stakeholders to secure broad-based consensus on new internal and external legal initiatives to address policy, legal, regulatory, supervisory, institutional, and capacity constraints to the development of the capital markets in Kenya; and
• Implementing a harmonized legal and regulatory framework for the East African community.

Minimum Requirements

• Bachelors Degree in Law;
• At least four (4) years related work experience;
• Relevant professional qualification; and
• A supervisory course lasting not less than two (2) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Report writing skills;
• Understanding of the Kenyan legislative and judicial system
• Analytical skills;
• Legislative drafting skills;
• Integrity and honesty;
• Organizations skills;
• Detail oriented; and
• Negotiation skills.

Manager Policy Analysis, Coordination and Advocacy

REF: CMA/MPACA/06/2023– 1 POST
Job Purpose

Reporting to the Senior Manager, Policy and Regulatory Framework, the Manager Policy Analysis, Coordination and Advocacy is responsible for coordinating Policy analysis, formulation, and implementation. This is a position under permanent and pensionable terms of service.

Job Responsibilities

• Overseeing evidence-based policy analysis and formulation to support overall capital market development and regulation;
• Coordinating development of various policy frameworks for new products, services and market infrastructure to inform regulatory reforms;
• Designing, developing and implementing an advocacy strategy and programme to ensure adoption of capital market policy proposals;
• Overseeing the periodic monitoring and evaluation of policy submissions and periodic advocacy interventions and to facilitate stakeholder buy-in and adoption;
• Developing periodic policy briefs and advisories to update stakeholders of the policy positions of the Authority and its strategic partners to draw their support throughstrategic influence;
• Establishing relationships with key policy makers including relevant parliamentary committees, National Treasury, Attorney General to support efficiency in the policy and legislation processes;and
• Engaging with internal and external stakeholders to integrate policy and advocacy into the Authority’s communications strategy.

Minimum Requirements

• Bachelors Degree in Economics/Business/Finance/Policy or other relevant field;
• Relevant Master’s Degree;
• At least six (6) years of relevant work experience with at least two (2) years in a supervisory position;
• Member of professional body in good standing where applicable; and
• Management course lasting not less than four (4) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Understanding of capital markets operations
• Report writing skills;
• Research skills;
• Analytical skills;
• Leadership skills;
• Integrity and honesty;
• Organizations skills; and
• Detail oriented.
   

Manager Enforcement

REF: CMA/ ME/05/2023– 1 POST
Job Purpose

Reporting to the Senior Manager, Investigations and Enforcement, the Manager Enforcement will be responsible for management and conduct of enforcement matters with respect to regulatory breaches and recommending appropriate action in line with the provisions of the Constitution and the applicable regulatory framework. This is a position under permanent and pensionable terms of service.

Job Responsibilities

• Designing, developing and implementing enforcement programs, systems, manuals and procedures to achieve protection of investors’ interest, enhance market integrity and increase deterrence;
• Coordinating the processes leading to prosecution, defence and administrative actions for breaches of regulatory framework;
• Coordinating the implementation of capital market intelligence gathering frameworks for the Enforcement Unit;
• Coordinating and representing the Authority in hearings in courts, tribunals and other fora;
• Coordinating internal and external stakeholders’ engagements on enforcement matters;
• Implementing measures to support local and international strategic partners to promote successful prosecutions; and
• Determining trends in regulatory breaches in the market and make recommendations to inform enforcement policy and regulatory reforms.

Minimum Requirements

• Bachelors Degree in Law;
• Relevant Master’s degree;
• Admission as an Advocate of the High Court of Kenya and member of the Law Society of Kenya;
• Relevant professional qualifications such as CPA, ACCA, CFA, CFE, CS(K) and membership to professional bodies is added advantage;
• At least six (6) years’ experience;
• At least two (2) years in a supervisory position;and
• Management course lasting not less than four (4) weeks is added advantage

Key skills, Knowledge & Competencies

• Strong understanding of investigations and enforcement of capital markets operations as well as financial sector operations;
• Understanding of the Kenyan legislative and judicial system;
• Knowledge of strategic management, project planning and budgeting, resource management, implementation as well as monitoring and evaluation;
• Professional skepticism;
• Legal analysis;
• Negotiating skills and dispute resolution;
• Professional and personal integrity; and
• Good judgement.
   

Director Market Operations

REF: CMA/DMO/01/2023 – 1 POST
Job Purpose

Reporting to the Chief Executive Officer, the Director Market Operations will be responsible for providing strategic direction as well as technical leadership in matters related to overall market oversight ensuring orderly, fair, and efficient market and investor protection while remaining facilitative and proactive in supporting market development. The successful candidate will serve on a five (5) year contract renewable only ONCE based on performance. The Authority will offer a competitive remuneration package to the successful candidate.

Job responsibilities

• Advising on market supervision and oversight strategies at the Authority that ensure the market is orderly and fair tending towards market efficiency;
• Advising on the appropriateness of investigatory and enforcement processes to provide investor protection when dealing in capital markets products and services;
• Designing and implementing systems to facilitate timely and effective review of licensing applications and robust oversight of fit and proper assessment for all new and existing market participants;
• Providing technical leadership and strategic direction in the design, implementation and evaluation of capital markets supervision, inspection and surveillance programmes to secure compliance of capital market regulatory requirements by all market participants (publicly listed companies, exchanges, central depositories, licensed persons and licensed products);
• Developing and overseeing the continuous enhancement of financial analysis functions to grow scope and quality of information for purposes of risk-based supervision, market performance analysis, surveillance and identification of areas for market development;
• Providing guidance on monitoring of governance by issuers of securities to the public, ensuring timely review of relevant information filed with the Authority and giving feedback from reviews;
• Ensuring proper regulatory mechanisms are in place to boost robust levels of investor protection through effective surveillance, investigations, and vigorous prompt enforcement to support capital markets growth;
• Developing improved investigations coordination with internal investigators, Capital Markets Fraud Investigation Unit and financial industry regulators to combat market abuse and ensure fair and orderly markets and investor protection;
• Continuously assessing Directorate resources needs and being involved in mobilizing the same from internal or external sources.

Minimum Requirements

• Bachelor’s Degree in Law, Business/ Economics/ Finance or relevant field;
• Relevant Master’s Degree;
• Member of professional body in good standing;
• At least twelve (12) years of work experience;
• At least six (6) years’ experience in senior management level; and
• Leadership course lasting not less than four (4) weeks is an added advantage.

Key skills, Knowledge & Competencies

• Risk Management skills;
• Understanding of capital markets operations;
• Understanding of the Kenyan legislative system and investigations and enforcement of capital markets operations;
• Presentation skills including ability to develop proposals, concept papers, position papers as well as write reports;
• Knowledge of transformative strategic management, project planning and budgeting, resource management, implementation as well as monitoring and evaluation ;
• Professional Skepticism;
• Ability to maintain high standards of integrity; establish straightforward, productive relationships.

Intern – Insurer Governance

The intern will be responsible for;

• Assist in conducting analysis of corporate governance structures and practices by issuers of securities to determine compliance with the Code of Corporate Governance Practices for issuers of securities;
• Assist in organizing and participating in forums and other engagements with the issuers of securities, the institutional investors and other key stakeholders to facilitate compliance with the code of corporate governance and the stewardship code
• Preparing materials for issuers and stakeholder engagements as and when required;
• Organizing and participating in capacity workshops and seminars for institutional investors and issuers on Corporate Governance;
• Update different corporate governance databases for issuers’ announcements, change of directors, change of CSs and change of auditors among others;
• Update and analyse the issuers’ monthly shareholding database; and
• Conduct periodic and/or one-off surveys on sustainability and emerging issues on corporate governance on a case-by-case basis aimed at providing further insights and perspectives for regulatory purposes.

Minimum Requirements

• Bachelor’s Degree in law, finance, business related or relevant field;

Key skills, Knowledge & Competencies

• Display honesty, transparency, and integrity in all dealings
• Show initiative and meet deadlines with high quality work.
• Demonstrate good communication skills and teamwork.
• Dedicated to confidentiality at all times

Temporary Assistant -Insurer Governance

The key responsibilities for the position:

• Conducting analysis of corporate governance structures and practices by issuers of securities to determine compliance with the Code of Corporate Governance Practices for issuers of securities;
• Organizing and participating in forums and other engagements with the issuers of securities, the institutional investors and other key stakeholders to facilitate compliance with the code of corporate governance and the stewardship code;
• Developing, reviewing and updating governance scorecards and assessment tools;
• Preparing materials for issuers and stakeholder engagements as and when required;
• Organizing and participating in sensitization workshops and seminars for institutional investors and issuers on Corporate Governance and Environmental, Social & Governance (ESG);
• Maintaining updated databases on all information on corporate governance compliance and standards and undertake trend analysis;
• Implementing quality management systems and continuously identifying and managing governance and sustainability risks;
• Attending and participating in division and other task specific committees with internal and external stakeholders as and when required;
• Preparing relevant reports on Corporate Governance and ESG matters under consideration; and
• Undertake any other responsibilities as and when assigned

Minimum Qualifications and Experience

• Bachelor’s Degree in law, finance, business related or relevant field;
• Professional qualification such as CPA, ACCA, CISA, CFA is an added advantage;
• Minimum of one year of relevant experience will be an added advantage;

Key skills, Knowledge & Competencies

• Communication, report writing and presentation skills;
• Analytical skills to effectively and efficiently assess good governance practices of issuers of securities to the public;
• Knowledge of the capital markets regulatory framework relating to governance of issuers of securities to the public;
• Knowledge of emerging issues and new developments on ESG aspects;
• Ability to maintain high standards of integrity;
• Ability to work effectively and efficiently in a team; and
• Drive for results

Method of Application

If you meet the above requirements, please send an application letter and Curriculum Vitae only in pdf format to cmarecruitment@cma.or.ke. Applications to be addressed to:

Chief Executive Officer
Capital Markets Authority
P. O. Box 74800-00200
Nairobi
Applications should be received on or before September 25,2023 at 5.00pm Shortlisted applicants will be required to fulfil requirements under Chapter (6) of the Constitution of Kenya.

• Certificate of Good Conduct from the Directorate of Criminal Investigations
• Higher Education Loans Board (HELB) Clearance Certificate
• Current Tax Compliance Certificate from the Kenya Revenue Authority
• Credit Reference Bureau (CRB) Clearance Certificate