Chief Executive Job in Kenya

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.

Following the formation of the new Government that is keen to see a dynamic capital market and to ensure alignment of the Authority’s strategy accordingly, the Board of Directors seeks to fill the position of the Chief Executive of the Authority.

Job Summary
 
Reporting to the Board of Directors, the Chief Executive will provide visionary leadership in the regulation and development of the capital markets as well as implementation of strategies to effectively address emerging issues, risks and opportunities in the markets so as to safeguard investor confidence and market integrity while providing a conducive environment for growth and diversification. 

The job offers the right candidate the opportunity to guide the direction and future of Kenya’s capital markets.

Core Duties and Responsibilities
  1. In line with the Government strategic vision and taking into account the critical role of capital markets participants; develop policies, strategies and programmes designed to deliver a robust market infrastructure and globally competitive products and services;
  2. 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 objectives;
  3. Provide strategic leadership and direction in the formulation, development, implementation and evaluation of the Authority’s strategic plans;
  4. Ensure the organizational structure, systems, resource management policies and procedures are properly aligned with the strategic direction for efficiency and effectiveness in a dynamic environment;
  5. Provide leadership in effective risk management and control systems;
  6. Ensure delivery of an effective communications strategy to enhance access to the information necessary for investment decisions, compliance and market development;
  7. Contribute to formulation of sectoral, national, regional and global initiatives aimed at regulatory coordination and cooperation; and
  8. Undertake any other duties and responsibilities as may be necessary to achieve the Authority’s objectives as directed by the Board.
Minimum Qualifications
 
The successful candidate shall be a Kenyan citizen with:
  • A Master’s degree in Law, Finance, Accounting, Economics, Banking, Insurance or equivalent;
  • At least ten years’ experience at a senior management level in matters relating to law, finance, accounting, economics, banking or insurance;
  • Expertise in matters relating to money or capital markets or finance;
  • Demonstrable experience in strategic management and planning; and
  • Compliance with provisions of Chapter 6 of The Constitution of Kenya, 2010.
  • Membership in a recognised professional association will be an added advantage.
Candidates short listed for interview must produce a certificate of good conduct from Directorate of Criminal Investigations, clearance from Higher Education Loans Board(HELB), Tax compliance certificate by Kenya Revenue Authority, a clean report from an approved Credit Reference Bureau
and clearance by the Ethics and Anti-Corruption Commission.

Key Competencies
  • Knowledge of capital markets dynamics and trends at national, regional and international levels; awareness of international best practices in securities market regulation and in-depth understanding of financial instruments, products and services;
  • Highly developed analytical skills and ability to make sound business decisions with strong implementation, monitoring and evaluation focus;
  • Strategic and innovative thinking;
  • A high proficiency in IT applications;
  • 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;
  • Ability to manage change and conflict; and
  • High professional and ethical standards and conformity with relevant prescriptions of The Constitution of Kenya, 2010 on leadership.
Candidates who meet the above requirements are invited to send their applications enclosing copies of curriculum vitae, academic and professional certificates and provide names and contacts of three referees one of whom must be an immediate or past supervisor. 

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.
 
Canvassing will lead to automatic disqualification of the candidate. 

This 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 / 2013
 
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 / 2013
 
Please note that the Capital Markets Authority is an Equal Opportunity Employer and all qualified Kenyans are encouraged to apply.
 

Applications should be received by the Authority using the address above by July 24th 2013.