The Capital Markets Authority (CMA) is a statutory body, established in 1996 by the Capital Markets Authority Act (Cap 84) as amended, to promote, develop and regulate the capital markets industry. CMA is governed by a Board of Directors appointed by the Minister of Finance, Planning and Economic Development
The CMA is mandated by law to:
• Approve prospectus and other offering documents under which securities are offered to the public
• Develop the capital markets through removal of impediments and the creation of incentives for longer term investments in productive enterprises
• Create, maintain and regulate a market in which securities can be issued and traded in an orderly, fair and efficient manner.
• Cooperate with any foreign regulatory authority in the performance of its duties; Implement regional and international standards and best practice in securities markets, securities regulation and supervision
• Protect investors; and
• Operate an investor compensation fund.
The work of the CMA is also governed by the Securities Central Depositories Act, 2009 and the Collective Investment Schemes Act, 2003.
To deliver on its mandate efficiently and effectively, CMA is seeking to hire qualified and self-motivated individuals to fill the following positions:
Job Title: Director Market Supervision (Compliance)
Reports To: Chief Executive Officer
Job Purpose: To maintain and regulate an orderly, fair and efficient capital market by ensuring existing and new market intermediaries, investors and issuers comply with the CMA regulatory framework. .

Responsibilities/Key Deliverables
• Monitor market intermediaries and stock exchanges to ensure they comply with the regulatory framework of the CMA and the Anti-Money Laundering Act, through periodic inspections and surveillance of the market.
• Advise on the gaps identified in the laws, exchange rules and regulations through periodic feedback to the legal department,
• Lead the issue of new licenses, and renewals and approvals to intermediaries in line with the CMA client charter
• Identify potential market conduct risks and recommend/ take mitigating actions in a timely manner
• Lead the approval of debt and equity public offers, and other corporate actions, in line with the CMA client charter or any other standards agreed to from time to time.
• Ensure listed companies comply with corporate Governance guidelines & the Companies Act 2012
• Manage the performance of the department. This includes setting and monitoring staff performance against agreed key result areas; managing staff capacity development, approving department budgets and work plan
• Oversee the market surveillance function, handle investor complaints, conduct investigations resulting from investor or public complaints, and report market abuses by licensed and unlicensed persons as well as public companies for enforcement action
• Organize stakeholder’s engagements such as compliance sensitization seminars with market intermediaries.
• Any other related duty as may be delegated by the CEO

Job Skills: Not Specified

Person Specification
• A Bachelor’s Degree with (Honors) in Law, Commerce,
• Economics, or any related professional field from a recognized University
• A master’s degree or postgraduate professional qualification in a relevant field.
Must have:
• At least ten (10) years’ post-qualification work experience.
• Seven (7) Years of progressive compliance/regulatory (eg. Licensing, inspections) work experience preferably in a financial sector regulatory agency
• Strong performance management will be an added advantage
Business Behaviors
• Leadership (by example & talent, demonstrates the ability to provide clear direction)
• Communication (Ability to clarify situations, structure interactions towards productive conclusions)
• Encouraging expression/debate, seeking win-win solutions and commanding attention & respect).
• Initiates and supports change
• Excellent coordination and organization skills
• High level of integrity
• Demonstrable client focused attributes
• Team work (fosters a cohesive team environment)