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 MARKET DEVELOPMENT

Job Purpose

Reporting to the Chief Executive Officer, the Head Market Development is responsible for providing technical and advisory leadership to the Management on all issues relating to policy and market development within the capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system, and any other market segments, as may be assigned by the Law. This post is thereby responsible of initiating development of policies, strategies and procedures for removing impediments to investments and providing incentives to attract investments in products and services within the capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system, and any other market segments, as may be assigned by the Law. The Head of Market Development is further responsible for the development and implementation of an operational and institutional framework for market certification program;

Job Functions

To provide technical and strategic leadership with respect to policies that support a responsive legal and regulatory framework, product uptake and market deepening; the investor education and corporate communications functions of the Authority.

Job Specifications

The duties and responsibilities entail:

• Developing policies that support a responsive regulatory models and policies that promote efficient market and intermediary infrastructure and operations;
• Formulating policies, systems and strategies that will identify and remove impediments and create incentives for developing innovative market products;
• Directing the planning, design, conduct and coordination of policy backed by comprehensive research studies and surveys aimed at assessing, evaluating, establishing and developing policies, strategies and systems that will create incentives and/or products for the development of a vibrant, liquid and efficient capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system, and any other market segments, as may be assigned by the Law;
• Advising on and advocating for policies to support a responsive legal and regulatory framework for the operation of fair, efficient and orderly capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system, and any other market segments, as may be assigned by the Law.;
• Overseeing the development and implementation of an operational and institutional framework for market certification program;
• Coordinating CMA’s participation in domestic, regional and international forums aimed at enhancing domestic, regional and international issuer, investor and market intermediary experience in the capital markets;
• Coordinating internal and external communication (correspondences, emails, phone calls, etc.) within the Department as well as responding to all relevant enquiries addressed to the Department;
• Leading the development of and execution monitoring of the Department annual work plan and budget;
• Developing, coaching, motivate and appraising staff performance in the Department;
• Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have the following or equivalent:

• Master’s Degree in any of the following fields: Economics, Finance, Business Administration or any other field related to the position;
• Professional qualifications in Accounting or Finance such as ACCA, CPA, CFA or CISI will be an added advantage;
• At least seven (8) years of related work experience in financial sector; please attach evidence
• At least six (6) years’ experience in managerial position; please attach evidence
• Demonstrating experience on policy and economic research, knowledge on national strategic transformation programmes (Vision 2050, NST1, etc.), negotiation skills and dispute resolution;
• Knowledge about the capital market industry;
• 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
• Passion for research and development

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:

1. An application letter addressed to the Chief Executive Officer
2. A detailed Curriculum Vitae
3. Copy of academic degree(s) and Certificates
4. Proof of previous relevant working experience
5. Copy of National Identity and/ or passport

The deadline for submission of applications is 1^st November 2024.

For more details, please refer to CMA website https://www.cma.rw/ under careers.

Capital Market Authority