Head Of Legal and Corporate Affairs at Capital Market Authority

Head Of Legal and Corporate Affairs

Capital Market Authority | Type: Job
Published: 2024-10-21 | Deadline: 2024-11-01

JOB VACANCY ANNOUNCEMENT

Background

Capital Market Authority (CMA) is a specialised organ established by Law No.057/2021 bis of 18/09/2021 with dual mandate of developing and regulating the capital market industry, commodities exchange and related contracts, warehouse receipts systems and collective investment schemes. It operates under the supervision of the Ministry of Finance and Economic Planning (MINECOFIN).

CMA is an active member of the East African Securities Regulatory Authorities (EASRA, and an associate member of the International Organization of Securities Commissions (IOSCO).

JOB DESCRIPTION

HEAD LEGAL AND CORPORATE AFFAIRS

Job Purpose

Reporting to the Chief Executive Officer, the Head – Legal and Corporate Affairs is responsible for providing strategic leadership in the effective and efficient delivery of the Authority’s legal and regulatory framework, compliance and enforcement, legal advisory, contracting, litigation and corporate secretarial services.

Job Functions

Developing and implementing strategies and programs to support the Legal and Corporate Affairs Department;
Overseeing the delivery of Corporate Secretarial services to the Authority’s Board of Directors and coordinates the business operations of the Board;
Negotiating and overseeing the drafting of Contracts/Agreements/MoUs and other legal documents between the Authority and other parties to ensure that the interests of the Authority are well protected.
Leading and managing representation of the Authority in hearings in courts, tribunals and other relevant forums.
Coordinating compliance and enforcement activities to preserve and sustain the integrity, fairness and efficiency capital market and protect investors’ interests.
Leading legislative drafting and related regulatory frameworks, legal interpretations and technical advisories relating to capital markets.
Overseeing the establishment and implementation of domestic, regional and global corporation with other regulatory authorities for the development and regulation capital markets as well as related cross border activities.

Job Specifications

The duties and responsibilities entail:

Developing and implementing strategies and programs to support the Legal and Corporate Affairs Department;
Providing corporate secretarial services to the Authority’s Board of Directors and coordinates the business activities of the Board;
Negotiating and overseeing the drafting, review and clearing of Contracts/ Agreements/MoUs and other legal documents between the Authority and other parties to ensure that the interests of the Authority are well protected;
Ensuring that the Authority complies with the relevant legislation, regulations and Government directives and keep abreast with the legal reforms as and when required;
Coordinating and facilitating the induction and training of Board members;
Providing legal advisory and opinion to the Authority to support strategic decision-making;
Leading and managing representation of the Authority in hearings in courts, tribunals and other relevant forums;
Overseeing litigation of Court and Tribunal cases and liaise with external advocates on witness identification and preparation of witness statements;
Advising the Board and Management on requirements for compliance with relevant legal and regulatory framework as well as relevant statutory obligations;
Monitoring and ensuring a timely implementation of Board Resolutions;
Overseeing the procurement of legal services providers and their effective management to ensure delivery of quality legal services;
Coordinating compliance and enforcement activities to preserve and sustain the integrity, fairness and efficiency capital market and protect investors’ interests.
Leading legislative drafting and related regulatory frameworks, legal interpretations and technical advisories relating to capital markets.
Overseeing the establishment and implementation of domestic, regional and global corporation with other regulatory authorities for the development and regulation capital markets as well as related cross border activities.
Coordinating internal and external communication (correspondences, emails, phone calls, etc.) within the Directorate and responding to all enquiries addressed to it;
Developing, coaching, motivate and appraising staff performance in the Directorate;
Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

Master’s Degree in any of the following fields: Law, Business Law, Commercial Law or any other field related to the position;
Professional qualifications in legal practices such as a valid certification from the Rwandan Institute of Legal Practice and Development (ILPD) or its equivalent;
At least six (8) years of related work experience, please attach evidence
At least six (6) years of related work experience in managerial position, please attach evidence
Demonstrating skills on legal research, legal analysis, writing reports and documents;
Demonstrating experience in negotiation skills and dispute resolution;
Knowledge of the legal framework (laws) governing financial sector services in Rwanda will be an added advantage;
Demonstrating leadership skills at senior management level;
Meet the requirements of the Statute governing the management of CMA staff.

Skills and Abilities

Strong written and verbal communication skills, including the ability to prepare and present reports or recommendations to the Board, Management and Staff;
Ability to work independently and as part of a team; with strong collaboration, negotiation, and teamwork skills.
Strong leadership and engagement capabilities including decision making, team building, training and development.
Ability to build and motivate high-performing teams and foster a culture of collaboration and continuous leaning and improvement.
Analytical and strategic thinking and problem-solving abilities
Highly organized, results driven, self-starter, creative and innovative

Application procedure

Interested and qualified candidates should submit their applications online to the following email: recruitment@cma.rw. Applicants must submit the following documents in PDF format: