Policy and Research Manager at Capital Market Authority

Policy and Research Manager

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

MANAGER – POLICY AND RESEARCH

Job Purpose

Reporting to the Head-Market Development, the Manager - Policy and Research is responsible for undertaking market research and providing relevant and appropriate research findings on fundamental economic and subjects on 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.

Job Specifications

The duties and responsibilities entail:

Research and Business Development

Leading and developing market research methodologies and tools that will promote a standardized methodology for all market research projects;
Leading the review of the research process, identify areas for change and manage such change together with the implementation of an ongoing monitoring process;
Developing and maintaining a coherent CMA market research agenda attuned both to internal and external needs and challenges that can inform, shape and align strategies across CMA;
Overseeing research works, summarizing and presenting high level recommendations on a wide range of the issues or products or services and/or challenges that have an ultimate impact on the performance of capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system, and any other market segments in Rwanda, as may be assigned by the Law;
Coordinating, with internal and external stakeholders, the development of proposals on new policies, systems and strategies to support the introduction of new products, services, market infrastructure and innovations into 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;
Participating in and coordinating stakeholder engagement sessions to increase uptake and design of new products and services based on established needs and supervising the oversight of responses to stakeholders’ inquiries on issues about 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;
Guiding conduct of feasibility studies for new market products and services, and making recommendations regarding their introduction and positioning in 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;
Designing research and undertaking surveys on existing market products, and services, performance, characteristics and trends, business practices and financial risks to inform product/service reviews for 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;
Facilitating research during product development stage to assess responsiveness to consumer requirements and inform modifications before rolling out;
Collecting market players feedback to inform improvements in new directions on product development and uptake strategies;
Overseeing the collection and editing of capital market and other relevant market segments statistics in Rwanda, within the East African Community (EAC) and beyond;
Overseeing the preparation and publication of regular updates on 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 i.e., quarter, bi-annual and annual market performance reports;
Liaising closely with other staff across the Authority to share knowledge and develop expertise;
Preparing, monitoring and implementing Division budget and work plans;
Coordinating the design, launching and implementation of certification policies and programs covering players in the capital markets;
Overseeing the planning, designing, and implementation of an operational and institutional framework for market certification across the industry;
Overseeing development of certification requirements documents including content such as training manuals, and industry best practices;

Policy Formulation and Analysis

Coordinating regular assessment of impediments to the development of 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; arising from inadequacies in policy and institutional arrangements and recommend appropriate interventions;
Overseeing evidence-based policy analysis and formulation to support overall market development and regulation of 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;
Developing and implementing strategies and programmes to ensure adoption of policy proposals on 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;
Developing periodic policy briefs and advisories to update stakeholders of the policy positions of the Authority and its strategic partners to draw their support through strategic influence;
Overseeing the periodic monitoring and evaluation of policy submissions and periodic advocacy interventions and to facilitate stakeholder buy-in and adoption;
Overseeing the designing, development and implementation of strategies and programmes for improving the policy framework to support continued implementation of International Organization for Securities Commissions (IOSCO) Principles and other international standards;
Coordinating the development and maintenance of policy frameworks for various products, services and market infrastructure to accommodate market development dynamics and/or outlook;
Establishing relationships with key policy makers within the Government and Parliament (where relevant) to support efficiency in the policy formulation and development;
Acting as the key technical link and advocacy champion between the Authority with relevant domestic, regional and international stakeholders from both the public and private sectors with respect to the policy development process;
Engaging with internal and external stakeholders to integrate policy and advocacy into the Authority’s communications strategy;
Developing, coaching, motivate and appraising staff performance in the Division;
Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

Masters’ Degree or bachelor’s degree in any of the following fields: Economics, Public Policy, International Trade and Business, Law, Business Law or Commercial Law;
At least six (6) years of related work experience for Senior Manager and five (5) years’ work-related experience for Manager; please attach evidence;
Demonstrating skills on business/economic research, statistical analysis and public policy,
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 Management and Staff;
Excellent computer literacy skills including knowledge of Microsoft Office, E-mail, Internet, website navigation, and report writing tools;
Ability to work independently and as part of a team; with strong collaboration, negotiation, and teamwork skills.
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: