13 Job Positions at Capital Market Authority: (Deadline 1 November 2024)

13 Job Positions at Capital Market Authority: (Deadline 1 November 2024)

Head of Technology and Digital Innovation at Capital Market Authority: (Deadline 1 November 2024)

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 TECHNOLOGY AND DIGITAL INNOVATION

Job Purpose

Reporting to the Chief Executive Officer, the Head – Technology and Digital Innovation is responsible for providing leadership, strategic direction and oversight in the development, implementation, monitoring and review of CMA’s technology, digital innovation, market infrastructure, fintech and data analytics policy and strategy to enhance CMA’s business operations as well as facilitating the development and oversight of markets infrastructure.

Job Functions

• Leading the development and execution of the Technology and Digital Innovation, Market Infrastructure, Fintech and Data Analytics strategies that support the overall CMA strategic plan.
• Coordinating the Development, reviews, and implementation of appropriate policies, strategies and governance frameworks that promote and support the adoption of Financial Technologies (Fintech), market infrastructure platforms, advanced data analytics and other digital innovations tools that have the potential to accelerate the market development and oversight;
• Advising CMA’s Management on digital transformation and emerging technologies, strategic systems and integrations in support of the Authority’s strategic objectives; and
• Directing and harnessing the capabilities of the Department of Technology and Digital Innovation in order to achieve the strategic aspirations of the Authority.

Job Specifications

The duties and responsibilities entail:

• Leading the development and execution of Technology and Digital Innovation, Market Infrastructure, Fintech and Data Analytics strategies that support the overall CMA strategic plan.
• Coordinating the development, reviews and implementation of appropriate policies, strategies and governance frameworks that promote and support the adoption of Financial Technologies (Fintech), market infrastructure platforms, advanced data analytics and other digital innovations tools that have the potential to accelerate the market development and oversight;
• Promoting, empowering and providing guidance to regulated and unregulated Fintech companies to develop innovative solutions that deepen the market, and assist them to understand the regulatory framework and supervisory approaches in collaboration with relevant departments.
• Collaborating with the management team to understand data requirements to support business goals, define KPIs and ensure reports and data visualization tools are implemented to support CMA in data driven decision-making.
• Collaborate with systems vendors, partners, local, regional and international stakeholders to drive innovative ideas and systems integration processes.
• Participating in the preparation, review, validation and implementation of national and regional projects, policies and strategies pertaining to technology and digital innovations.
• Continuously advising CMA’ s management on digital transformation and emerging technologies, strategic systems and integrations in support of the Authority’s strategic objectives.
• Coordinating the development and implementation of the Authority’s IT and digitalization strategy to booster automation of appropriate functions, business processes and services and to ensure IT systems are effectively supporting functional operations and scalable in line with CMA’s statutory mandate and strategic objectives;
• Leading the development, implementation and maintenance of IT infrastructure, IT service management, information security policies and data protection and privacy policies and delivering effective support and training on the usage of IT systems.
• Overseeing and coordinating execution of IT resources, operations and projects from the planning to the implementation phase to ensure value for money and return on investment;
• Leading the technology and digital innovation team of staff and consultants in a manner that empowers them to be creative and innovative to deliver high standards of performance.
• Developing, coaching, motivate and appraising staff performance in the Directorate.
• Stay abreast of emerging technologies, industry trends and best practices, and provide recommendations for adoption and improvement.
• Undertake 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: Information Technology, Computer Science, Computer Engineering or any other field related to the position;
• At least eight (8) years of working experience in IT; please attach evidence
• At least six (6) years’ experience in managerial position; please attach evidence
• Good understanding and usage of best-in-class Software Development Methodologies (Agile, Scrum, SDLC, DevOps, etc.) and various technology stacks.
• Demonstrating experience in database and applications administration, business process re-engineering, business continuity management and disaster recovery plans.
• Certification in any information technology services management (e.g., ITIL); information technology systems, network and security administration (e.g., MCSE, CCNA, CCNA Security); / and /or in information security management systems;
• Good knowledge of Financial Technologies (Fintech) and their underlying technologies including blockchain, artificial intelligence, machine learning and data analytics.
• Understanding of the usage of various blockchain concepts including but not limited to public and private blockchain, tokenization, cryptocurrency, smart contract, encryption, private and public key, crypto mining, crypto staking, etc will be an added advantage.
• Knowledge about financial markets and financial market infrastructure will be an added advantage.
• 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 technology and innovation

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

 

 

Head of Corporate Services at Capital Market Authority: (Deadline 1 November 2024)

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 CORPORATE SERVICES

Job Purpose

Reporting to the Chief Executive Officer, the Head of Corporate Services is responsible for provision of oversight in Human Capital and Administration functions of the Authority, the Finance and Accounting services by ensuring that the Authority’s mandates of ensuring market development and undertaking market regulation is attained. The jobholder undertakes this by ensuring to advise the Management on technical issues affecting this function in order to ensure institutional efficiency and effectiveness of the Authority.

Job Functions

• To provide technical and strategic leadership with respect to the strategy and planning functions of the Authority
• Providing leadership and strategic direction on Human Capital and Administration functions;
• Developing and overseeing the required controls in Finance and Accounting;

Job Specifications

The duties and responsibilities entail:

• Implementing the strategic objectives of Authority as directed by the Management;
• Providing technical advice to the Management, Heads and Department staff on financial operations, performance measurement;
• Providing day-to-day leadership and management to a service organization that mirrors the adopted vision and core values of the CMA;
• Ensuring compliance with the legal and regulatory framework on Public Financial Management (PFM), International Financial Reporting Standards (IFRS) and other relevant standards and applicable directives received from the Government;
• Measuring the effectiveness of all internal and external business processes and procedures, and providing timely, accurate and complete reports on the operating condition of the CMA;
• Overseeing the administration and management of budgets, whilst forecasting additional resources and recommending adjustments as necessary;
• Coordinating the implementation of key organization transformational projects designated to corporate services;
• Assessing and managing the principal risks of the CMA business operations (proposals, projects and staffing);
• Reviewing, developing and executing the Corporate Services business plan in line with the overall strategic objectives of the Authority;
• Overseeing the finance function, ensuring proper management of financial affairs and advising the Authority on financial planning strategies and policies; monitoring the budget; and ensuring that monthly, quarterly and annual financial statements are prepared on time;
• Safeguarding the financial resources of the Authority and those of the Capital Market Investor Compensation Fund (ICF) and ensure optimum returns from investments;
• Assisting in establishing and maintaining an appropriate organizational structure of the Authority to enable the CMA to execute its mandates effectively and efficiently;
• 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;
• 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:

• Master’s or Bachelor’s Degree in any of the following fields: Finance, Accounting, Business Administration or any other field related to the position;
• At least six (8) years of related working experience; please attach evidence
• At least six (6) years’ experience in managerial position, please attach evidence
• Professional qualifications in Accounting or Finance such as ACCA, CPA or CFA is an added advantage
• If with professional qualifications, membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
• Demonstrating leadership skills at senior management level;
• Meet the requirements of the Statute governing the management of CMA staff.

Skills and Abilities

1. Strong written and verbal communication skills, including the ability to prepare and present reports or recommendations to the Board, Management and Staff;
2. Ability to work independently and as part of a team; with strong collaboration, negotiation, and teamwork skills.
3. Strong leadership and engagement capabilities including decision making, team building, training and development.
4. Ability to build and motivate high-performing teams and foster a culture of collaboration and continuous leaning and improvement.
5. Analytical and strategic thinking and problem-solving abilities
6. 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:

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

 

 

Head of Market Operations at Capital Market Authority: (Deadline 1 November 2024)

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 OPERATIONS

Job Purpose

Reporting to the Chief Executive Officer, the Head– Market Operations is responsible for providing strategic direction as well as technical leadership in matters related to overall market oversight ensuring orderly, fair and efficient market and investor protection while remaining facilitative and proactive in supporting market development.

Job Functions

• Advising on market supervision and oversight strategies;
• Advising on the appropriateness of supervision and investigatory business processes and procedures;
• Providing technical leadership and strategic direction in the design, implementation and evaluation of supervision 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;
• Ensuring there are proper regulatory mechanisms in place to boost robust levels of investor protection through effective surveillance, supervision and investigations markets development 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;

Job Specifications

The duties and responsibilities entail:

• Advising on market supervision and oversight strategies of the Authority that ensure the market is orderly and fair tending towards market efficiency;
• Advising on the appropriateness of investigatory and enforcement business processes put in place at the Authority to provide investor protection when dealing in capital markets and other relevant market segments products and services;
• Designing and implementing systems to facilitate timely and effective review of licensing applications and robust oversight of fit and proper assessment for all new and existing market intermediaries/participants;
• Providing technical leadership and strategic direction in the design, implementation and evaluation of market supervision, inspection and surveillance programmes to secure compliance of regulatory requirements by all market participants (publicly listed companies, exchanges, central depositories, licensed persons and licensed products) 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;
• Developing and overseeing the continuous enhancement of financial analysis functions to grow scope and quality of information for purposes of risk-based supervision, market performance analysis, surveillance and identification of areas for market development;
• Providing guidance on monitoring of governance by issuers of securities to the public, ensuring timely review of relevant information filed with the Authority and giving feedback from reviews;
• Ensuring there are proper regulatory mechanisms in place to boost robust levels of investor protection through effective surveillance, investigations, and vigorous prompt enforcement to support markets growth, with a focus on pro-active and pre-emptive surveillance to enhance the level of transparency and competition in the market place and facilitate product innovation and creativity;
• Designing and implementation of systems for the timely and effective review of transactions/product approval applications to encourage market growth and product innovation;
• Developing improved investigations coordination with internal/external investigators and other financial industry regulators to combat market abuse and ensure fair and orderly markets and investor protection;
• Assessing the skills and training needs of staff within the Department and facilitate the relevant trainings to ensure there is requisite capacity.
• Continuously assessing Department resources needs and being involved in mobilizing the same from internal or external sources;
• 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;
• 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:

• Doctorate Degree or Master’s Degree in any of the following fields: Finance, Economics, Business Administration or any other field related to the position;
• If with a Master’s Degree, professional qualifications in Accounting or Finance such as ACCA, CPA, CISI or CFA will be an added advantage
• If with professional qualifications, membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
• At least eight (8) years of relevant working experience; please attach evidence
• At least seven (6) years’ experience in managerial position; please attach evidence
• Demonstrating experience on policy and economic research, strategic transformation, negotiation skills and dispute resolution;
• Demonstrating knowledge in corporate finance, accounting and/or financial markets;
• Knowledge about the Rwandan capital market industry 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:

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

 

 

Head of Market Development at Capital Market Authority: (Deadline 1 November 2024)

 

Compliance and Enforcement Manager at Capital Market Authority: (Deadline 1 November 2024)

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– COMPLIANCE AND ENFORCEMENT

Job Purpose

Reporting to the Head- Legal and Corporate Affairs, the Manager – Compliance and Enforcement is responsible to carry out compliance and enforcement functions to preserve and sustain the integrity, fairness and efficient capital market and protect investors’ interests.

Job Functions

• Advising Management on compliance and enforcement strategy, systems, procedures and programs to achieve protection of investors’ interest, enhance market integrity and increase deterrence
• Advising on the legal and regulatory gaps, trends in violations, to inform policy and regulatory reforms to ensure efficient and effective investor protection;
• Developing compliance and enforcement strategy, systems, procedures and programs to achieve protection of investors’ interest, enhance market integrity and increase deterrence;
• Develop capital market intelligence gathering frameworks;
• Spearheading prosecutions, defence and administrative actions against regulated persons in cases where the capital markets legal and regulatory framework has been contravened;
• Representing the Authority in hearing in courts, tribunals and other forums
• Handle litigation and legal opinion matters for the Authority;

Manager – Compliance and Enforcement

Job Specifications

The duties and responsibilities entail:

• Advising Management on compliance and enforcement strategy, systems, procedures and programs to achieve protection of investors’ interest, enhance market integrity and increase deterrence
• Advising on the legal and regulatory gaps, trends in violations, to inform policy and regulatory reforms to ensure efficient and effective investor protection;
• Developing compliance and enforcement strategy, systems, procedures and programs to achieve protection of investors’ interest, enhance market integrity and increase deterrence;
• Develop capital market intelligence gathering frameworks;
• Spearheading prosecutions, defence and administrative actions against regulated persons in cases where the capital markets legal and regulatory framework has been contravened;
• Representing the Authority in hearing in courts, tribunals and other forums
• Handle litigation and legal opinion matters for the Authority;

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 five (6) years of related work experience for Senior Manager and five (5) years for Manager; please attach evidence
• Demonstrating skills on legal research, legal analysis, writing reports and documents;
• Meet the requirements of the Statute governing the management of CMA staff.
• Knowledge of capital markets is an added advantage

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.

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

 

 

Policy and Research Manager at Capital Market Authority: (Deadline 1 November 2024)

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:

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

 

 

Finance and Accounting Manager at Capital Market Authority: (Deadline 1 November 2024)

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 – FINANCE AND ACCOUNTING

Job Purpose

Reporting to the Head – Corporate Services, the Manager – Finance and Accounting is responsible for providing strategic financial advice and accounting management services within the Authority; management, maintenance and reporting of financial data, the monitoring of management controls and business processes to ensure compliance with statutory requirements, standards, Government relevant policies, legal and regulatory framework and business procedures as well as best practices. Its role also entails safe custodianship and management of the Authority funds and Investor Compensation Fund (ICF). The division is further responsible for coordination of budgeting and planning activities, annual and periodic activities report

Job Specifications

The duties and responsibilities entail:

• Developing and implementing strategies and programmes to help execute the mandate of the Finance and Accounting Department;
• Coordinating financial reporting and maintenance of accurate financial records;
• Overseeing data analysis and provide financial guidance to Management and the Board for decision-making;
• Engaging with process owners to ensure consistent application of value for money principles in the conduct of the Authority’s business activities;
• Maintaining and enhancing sound financial business processes and procedures, systems and internal controls in compliance with accounting international standards and industry best practices;
• Coordinating the development, monitoring and review of the Directorates and Authority’s operational budgets;
• Coordinating both internal and external financial audits;
• Managing the Authority’s payroll business processes and procedures;
• Coordinating investments undertaken by the Authority including the Investor Compensation Fund (ICF);
• Overseeing cash flow management including collections and supplier payments;
• Overseeing the maintenance of the asset’s registers;
• Driving adoption of technology for enhanced efficiency for the Finance and Accounting business activities;
• Responsible for planning and tracking the execution of the Authority’s plans as set out in the Authority’s strategic plan and industry development plans [Capital Market Master Plan (CMMP), etc.]
• 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:

• Master’s or Bachelor’s Degree in any of the following fields: Finance, Accounting, Business Administration or any other field related to the position;
• Professional qualifications in Accounting or Finance such as ACCA, CPA or CFA will be an added advantage
• At least five (6) years of related work experience for Senior Manager and five (5) years for Manager, please attach evidence
• If with professional qualification, membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
• 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.

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

 

 

Legal and Regulatory Framework Manager at Capital Market Authority: (Deadline 1 November 2024)

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- LEGAL AND REGULATORY FRAMEWORK

Job Purpose

Reporting to the Head- Legal and Corporate Affairs, the Manager-Legal and Regulatory Framework is responsible for levitative drafting and related regulatory framework, legal interpretations and technical advisories related to capital markets, collective investment schemes, commodity exchange and related contracts, warehouse receipts system and any other market segments as may be assigned by Law. The post holder is also responsible for providing information on the Board of Directors best practices and tailoring the Board of Directors’ governance framework to fit the needs of the Authority. He/she supports the Board of Directors in carrying out its mandatory duties. They also ensure that the Authority complies with relevant legislation and regulation and keeps Board members informed of their legal responsibilities.

Job Functions

• Advising Management on appropriate legal frameworks to support 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 Law;
• Drafting of legal and regulatory frameworks for various new products and services as and when need arises;
• Playing the key strategic liaison between the Authority with relevant domestic, regional and international stakeholders from both the public and private sectors with respect to legislative and regulatory development process;
• Coordinating the Authority’s representation in domestic, regional and global committees such as the International Organization for Securities Commission (IOSCO) Committee on Growth and Emerging Markets (GEM), IOSCO Africa/Middle-East Regional Committee (AMERC), etc. and providing secretariat support where necessary;
• establishment and implementation of domestic, regional and global cooperation with other regulatory authorities for the development and regulation of cross border activities.
• Advising Management on establishment and managing relationships with regulatory bodies (local, regional and international) and other strategic partners on areas of mutual interests;
• Acting as a strategic link between the Authority and its key partners as well as external stakeholders;
• Providing leadership and policy direction on legal issues;
• Formulating, implementing and reviewing of legal policies, strategies, business processes and procedures;
• Negotiating contracts; provision of advices on appropriate legal action in case of breach of obligations;
• Providing secretariat services to the Board of Directors;
• Preparing the annual budget for the Department, business activities of the Board of Directors, calendar of Board of Directors meetings, events and work plans;

MANAGER – LEGAL AND REGULATORY FRAMEWORK

Job Specifications

The duties and responsibilities entail:

Legal and Regulatory Framework

• Advising Management on appropriate legal frameworks to support 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 Law;
• Drafting of legal and regulatory frameworks for various new products and services as and when need arises;
• Playing the key strategic liaison between the Authority with relevant domestic, regional and international stakeholders from both the public and private sectors with respect to legislative and regulatory development process;
• Coordinating the Authority’s representation in domestic, regional and global committees such as the International Organization for Securities Commission (IOSCO) Committee on Growth and Emerging Markets (GEM), IOSCO Africa/Middle-East Regional Committee (AMERC), etc. and providing secretariat support where necessary;
• establishment and implementation of domestic, regional and global cooperation with other regulatory authorities for the development and regulation of cross border activities.
• Advising Management on establishment and managing relationships with regulatory bodies (local, regional and international) and other strategic partners on areas of mutual interests;
• Acting as a strategic link between the Authority and its key partners as well as external stakeholders;

Legal Advisory, Contracts and Litigation

• Preparing, reviewing and clearing contracts and cooperation agreements for the Authority;
• Drafting legal opinions on issues pertaining to the Authority’s mandates and/or issues arising from its engagement with internal and external stakeholders;
• Drafting, reviewing and clearing contracts for the procurement of external services as required by the Authority;
• Liaising and working closely with advocates of contracting parties to ensure effective delivery of services;
• Providing legal advice to Staff as may be required from time to time;
• Maintaining and updating a secured database of all the Authority’s contracts/agreements, track their validity and periodically advise user-departments on contract/agreement expiry dates for appropriate and timely actions (renewal with existing stakeholders, engagement of new stakeholders, etc.);
• Continuous and periodic review of executed contracts to ensure effective contract management;
• Undertaking research on best practices on contract management and execution;
• Leading and managing representation of the Authority in hearings in courts, tribunals and other relevant forums;
• Participating in litigation matters through research, compiling of evidence and related business activities;
• Undertaking any other duties as may be assigned from time to time.

Board Coordination

• Preparing the calendar and budget for Board meetings and/or Board business activities;
• Coordinating logistics for planned Board meetings, induction, training and events for Board members;
• Undertaking preparation of Board Committee and Full Board meetings and produce meeting minutes/resolutions in the absence of the Director in charge of Corporate Secretary;
• Liaising and coordinating with Directors/Managers for a timely implementation of Board resolutions;
• Preparing draft routine correspondences on behalf of the Directorate in charge of Corporate Secretary and Legal Affairs;
• Facilitating an effective and efficient communication for the Board;
• Undertaking legal research as and when required;
• Coordinating travel logistics for Board members; and
• 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 five (6) years of related work experience for Senior Manager and five (5) for Manager; please attach evidence
• Demonstrating skills on legal research, legal analysis, writing reports and documents;
• Meet the requirements of the Statute governing the management of CMA staff.
• Knowledge of capital markets is an added advantage

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.

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

 

 

Database and Software Developer at Capital Market Authority: (Deadline 1 November 2024)

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

DATABASE AND SOFTWARE DEVELOPER

Job Purpose

Reporting to the Head of Technology and Digital Innovation, the Database and Software Developer is responsible for the development and management of the Authority’s Information Technology (IT) applications and databases.

Job Functions

• Providing technical assistance on all aspects of software and databases to the Authority;
• Undertaking software and database development projects at the Authority including design, development, implementation and maintenance;
• Working closely with business process owners to leverage on technology to enhance the infrastructure and support product innovation 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; and
• Identification and resolution of all IT related challenges within the Authority.

Database and Software Developer

Job Specifications

The duties and responsibilities entail:

Software Development/Administration

• Undertaking development activities for new applications by following software development lifecycle and ensuring thorough analysis, designing, coding, fault rectification, unit testing, deployment, maintenance and appropriate documentation and safeguards of source code;
• Identifying the automation and process improvement opportunities in business operations and lead in the development and maintenance of automation tools to improve efficiency especially within internal business processes and procedures operations;
• Supporting Department/Divisions in reviewing, enhancing and sustaining the automation of the entire scope of business processes and procedures operations for internal and external purposes as well as for ease of continuous monitoring and reporting;
• Supporting process owners to develop tools to facilitate ease procedural compliance issues, compliance with relevant legal and other statutory bodies;
• Supporting /Departments/Divisions in the automation of business processes and procedures including effective integration and usage of complementing systems/applications
• Development of the Application Programming Interfaces (APIs) for integration with other systems from various stakeholders (market infrastructure systems, banking systems, MNOs government systems, etc.)
• Undertaking maintenance and ‘bug fix’ development activities for existing applications;
• Ensuring clear and early communication of progress, issues and difficulties;
• Reviewing, analysing and documenting existing applications programs and programs in development to ensure efficiency and effectiveness of those programs;
• Breaking down program specification into its simplest elements and translate this logic into a programming language;
• Develop and automate tests for software validation, detect and fix bug issues.
• Testing and prove that the system meets major architecture and quality requirements;
• Testing sample data sets to check that output from the program works as intended;
• Conducting user-acceptance testing to ensure the program can be used easily and quickly;
• Implementing and documenting approved requests for application changes required to meet new organizational needs in compliance with the change request policy and guidelines;
• Conducting feasibility studies on new application development and estimates project timeline and costs;
• Providing technical assistance to /Departments/Divisions in the development of bid specifications for special software systems required to implement new programs;
• Monitoring and ensuring application development milestones/goals are met and adhering to approved budgets; and
• Undertaking any other duties as may be assigned from time to time.

Database Administration

• Writing database documentation, including data standards, procedures and definitions for the data dictionary (metadata);
• Mapping out the conceptual design for planned databases and considering both back-end organization of data and front-end accessibility for end-users;
• Creating complex query definitions that allow data to be extracted while controlling access permissions and privileges;
• Installing and testing new versions of the Database Management System and customize existing applications to make them fit for purpose;
• Updating and amending existing databases to ensure the security and integrity of data;
• Defining database physical structure and functional capabilities, database security, data back-up, and recovery specifications;
• Managing database software environment, monitor server health database growth, backup, tuning and patching; and
• Undertaking any other duties as may be assigned from time to time

Recognized Qualifications

• Bachelor or Masters’ Degree in any of the following fields Computer Science, Computer Engineering, Information Technology, Software Engineering or any other field related to the position;
• At least six (6) years for senior database and software developer and (5) years for database and software developer of related work experience as a database and software developer; please attach evidence;
• Professional qualification/certification in Database and Software Development;
• In-depth knowledge of Software Development Methodologies such as Agile, Scrum, SDLC, DevOps, etc.;
• In-depth knowledge of web and mobile application architecture, design and development;
• Experience with coding using server-side and client-side web and mobile development frameworks and languages such as ZK, Spring Boot, PrimeFaces, Java Scripts, Java, Python, PHP, HTML5;
• In-depth knowledge of designing and developing Application Programming Interfaces (APIs);
• Experience in designing and development of Relational Database Management System such as Oracle, SQL and PostgreSQL as well as NoSQL types of databases such as MangoDB;
• Advanced database and application testing skills (design test plan and strategy, writing and executing test cases, verifying and fixing bugs);
• Experience with database and software deployment, patches and updates management;
• Experience with database and web security technologies;
• In-depth knowledge of Linux operating systems such as Ubuntu, redhat, debian, etc.;
• Experience with application and database administration, backup and restore, etc.
• 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;
• Creative and innovative.
• Ability to work independently and as part of a team.
• Passion for technology and innovation

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

 

 

Market Supervision and Inspection Officer at Capital Market Authority: (Deadline 1 November 2024)

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

MARKET SUPERVISION AND INSPECTION OFFICER

Job Purpose

Reporting to the Manager- Market Supervision and Inspection, the Market Supervision and Inspection Officer is responsible for undertaking market supervision and surveillance business activities on a broad range of transactions focusing on suspected unlawful dealings to detect and deter regulatory breaches 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.

He/she is responsible for the implementation of supervision programs for licensed market intermediaries, self-regulatory organizations, issuers of securities to the public, securities exchanges, commodities exchanges, derivatives exchanges, central securities depositories and other regulated persons in line with the capital markets legal and regulatory framework and applicable standards.

The Market Supervision and Inspection Officer is also responsible for undertaking risk assessments and analysis in the markets and making recommendations on appropriate risk management measures 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. He/she is further responsible to provide technical support for investigations to be conducted with respect to regulatory breaches 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; and recommending appropriate action.

Job Functions

Market Inspection

• Conduct regular and ad hoc inspections and investigations on trading activities;
• Implement analytical solutions to enhance the efficiency of the supervision and surveillance business activities;
• Participate in relevant investigative business activities with respect to suspicious cases 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;
• Conducting onsite and offsite inspection activities in accordance with risk-based supervision methodologies and approved plans and prepare reports;
• Conducting risk profiling activities for licensed market intermediaries and other regulated persons and prepare reports;
• Ensuring a productive relationship management framework between the Authority, licensed market intermediaries and other regulated persons.

Market Surveillance and Risk Management

• Implementing approved risk management programmes;
• Undertaking risk profiling of licensed market intermediaries and other regulated persons;
• Conducting onsite inspection of intermediaries to evaluate their risk management processes and advise on ways of improvement;
• Undertaking research on best practices and perform trend analysis of licensed market intermediaries and other regulated persons to inform decision making;
• Conduct regular and ad hoc inspections and investigations on trading activities 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;
• Implement analytical solutions to enhance the efficiency of the market surveillance activities;
• Participate in investigative activities with respect to suspicious cases 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;
• Developing and implementing investigation programs, business processes and procedures manuals to achieve protection of investors’ interest, enhance market integrity and increase deterrence;
• Developing and implementing a dispute, including complaints’, management and resolution framework;
• Advising on the legal and regulatory gaps, trends in violations, to inform policy and regulatory reforms to ensure efficient and effective investor protection;
• Ensuring a conducive stakeholders relationship framework between the Authority with domestic, regional and international strategic partners to promote appropriate and relevant investigations 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.

Technical Support to Competent Authorities for Market Investigation

• Developing and implementing an investor complaints’ management and alternative disputes resolutions frameworks, and making appropriate recommendations;
• Developing and coordinating the implementation of market intelligence gathering frameworks to facilitate market Investigations business activities;
• Coordinating internal and external stakeholders’ engagements on market investigations matters;
• Implementing measures to support local, regional and international strategic partners to promote cooperation in market investigations 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;
• Facilitate relationships with domestic, regional and international strategic partners to facilitate successful market investigation 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;
• Determining trends in regulatory breaches and advise on the legal and regulatory gaps, to inform policy and regulatory reforms to ensure effective and efficient investor protection;
• Establishing and coordinating a records management system for all market investigations matters.

Officer – Market Supervision and Inspection

Job Specifications

The duties and responsibilities entail:

Market Inspection

• Conducting onsite and offsite inspection activities in accordance with risk-based and other relevant supervision methodologies and plans, and prepare related reports;
• Conducting risk-profiling activities for licensed market intermediaries and other regulated persons and prepare related reports;
• Developing, executing and tracking implementation of the annual inspection plan for licensed market intermediaries and other regulated persons, and prepare relevant reports;
• Developing, executing and tracking implementation of all compliance programmes within the Division, and prepare relevant reports;
• Maintaining an accurate, up-to-date and detailed electronic database information on compliance by licensed market intermediaries and other regulated persons with regulatory requirements;
• Periodically conducting trend analysis on compliance with regulatory requirements and maintain an updated database on compliance by licensed market intermediaries and other regulated persons to inform policy and regulatory reforms;
• Providing guidance to market intermediaries and other regulated persons on compliance practices through liaison with their relevant compliance, risk management and internal audit staff to enhance strong internal control and compliance environments;
• Conducting research on best practices on market supervision on Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT), beneficial ownership (BO) and other related relevant international standards;
• Conducting onsite and offsite inspection activities to licensed market intermediaries and other relevant regulated persons to ensure their compliance with requirements from the legal and regulatory framework on Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT), beneficial ownership (BO) and other related relevant international standards;
• Undertaking any other duties as may be assigned from time to time.

Market Risk Management

• Developing and implementing appropriate approved risk management programmes;
• Conducting onsite inspection of licensed intermediaries and other regulated persons to evaluate their risk management processes and advise on ways of improvement;
• Reviewing and evaluating business practices of licensed market intermediaries and other regulated persons, their operating environment and identify potential risks;
• Undertaking risk assessments to determine the level of risk in licensed markets intermediaries, products, issuers of securities and other regulated persons;
• Undertaking risk profiling and preparing periodic risk profiling reports of licensed markets intermediaries and other regulated persons to inform proper allocation of regulatory resources;
• Identifying potential risks exposures to be targeted for onsite and offsite inspection activities of licensed market intermediaries and other regulated persons;
• Applying stress testing models to assess the level of risk in licensed market intermediaries, products and issuers of securities and other regulated persons to inform proper allocation of regulatory resources;
• Undertaking research on best practices and perform trend analysis of licensed market intermediaries and other regulated persons to inform decision making;
• Maintaining a comprehensive risk database that includes the risk profiles of the various regulated entities and their key vulnerabilities;
• Undertaking any other duties as may be assigned from time to time.

Market Surveillance

• Developing and implementing surveillance programmes and related work plans;
• Coordinating and participating in investigative business activities with respect to suspicious cases of market manipulation, market abuse and other-related regulatory breaches and making recommendations for further investigations;
• Coordinating the development and implementation of analytical solutions to enhance the efficiency of market surveillance business activities;
• Conducting regular and ad-hoc inspections and investigations on trading activities and make relevant reports with findings;
• Conducting and review daily real-time surveillance of the stock exchange automated trading, commodities/derivatives exchange’s automated trading and CSDs databases and periodical reviews of executed transactions, and generate reports with appropriate recommendations;
• Conducting research on best practices on market surveillance;
• Undertaking evidence gathering procedures and maintain a comprehensive surveillance data-base;
• Developing solutions-oriented relationships with peers at the stock exchange, commodities/derivatives exchange and CSDs for effective surveillance of the market;
• Undertaking surveillance activities for cross-listed securities;
• Undertaking relationship management with licensed market intermediaries, issuers and other regulated persons as and when assigned;
• Undertaking any other duties as may be assigned from time to time.

Technical Support to Competent Authorities for Market Investigation

• Developing and implementing an investor complaints’ management and alternative disputes resolutions frameworks, and making appropriate recommendations;
• Undertaking surveillance activities of suspected cases of market manipulation and abuse and make appropriate recommendations;
• Undertaking surveillance activities on suspected cases of non-compliance with requirements from the relevant legal and regulatory framework on Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT), beneficial ownership (BO) and other related relevant international standards by licensed market intermediaries and other relevant regulated person, and make appropriate recommendations
• Developing and coordinating the implementation of market intelligence gathering frameworks to facilitate market Investigations business activities;
• Coordinating internal and external stakeholders’ engagements on market investigations matters;
• Implementing measures to support local, regional and international strategic partners to promote cooperation in market investigations 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;
• Facilitate relationships with domestic, regional and international strategic partners to facilitate successful market investigation 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;
• Determining trends in regulatory breaches and advise on legal and regulatory gaps, to inform policy and regulatory reforms for effective and efficient investor protection;
• Establishing and coordinating a records management system for all market investigations matters;
• Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

• Bachelor or Masters’ Degree in any of the following fields: Finance, Economics, Business Administration, Business Law or any other field related to the position;
• At least four (4) / (2) years of related work experience for Senior Officer/Officer, please attach evidence;
• For business-related degree, professional qualifications in Accounting or Finance such as ACCA, CPA, CFA or CISI is an added advantage
• For professional qualifications in Finance or Accounting, membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
• For a law-related degree, professional qualifications in legal practices such as a valid certification from the Rwandan Institute of Legal Practice and Development (ILPD) or its equivalent;
• 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.

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

 

 

Licensing and Approvals Officer at Capital Market Authority: (Deadline 1 November 2024)

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

LICENSING AND APPROVALS OFFICER

Job Purpose

Reporting to the Manager – Licensing and Approvals, the Licensing and Approvals Officer is responsible for the analysis and interpretation of periodic financial statements for issuers of securities, market intermediaries and approved institutions to ensure compliance with IFRS, and regulatory requirements and standards to protect investor interests. They are also responsible for the analysis of corporate governance structures and practices by issuers of securities and institutional investors in line with the Corporate Governance best practices, the Capital Markets legal and regulatory framework, the Law governing Companies and other regulatory requirements and standards.

The Licensing and Approvals Officer is also responsible for reviewing license applications, conducting analysis and interpreting financial and other information of license applications for market intermediaries, exchanges and other regulated persons to be licensed by the Authority, to ensure compliance with the legal and regulatory framework governing 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, and applicable standards.

In collaboration with the Department of Technology and Digital Innovation, they are further responsible for reviewing and providing quality control of license, approvals, recognitions and registration applications for markets and platforms such as securities exchanges, commodities exchanges, over the counter (OTC) platforms, central securities depositories, central counter parties (CCPs), self-regulatory organizations (SROs) and other market infrastructures.

Job Functions

• Designing, developing and implementing strategies, policies and programs to facilitate analysis and interpretation of issuers, market intermediaries and other regulated persons financial statements;
• Reviewing of audited and periodic financial statements of market intermediaries, approved institutions and issuers of securities to secure continued compliance;
• Continuous engagements and communication with issuers of securities, market intermediaries, other regulated persons and other key stakeholders to facilitate compliance;
• Reviewing and monitoring of principal, interest and other obligatory payments by issuers of securities and engage with issuers to facilitate resolutions in cases of default;
• Designing, developing and implementing strategies, policies and programs to facilitate financial analysis and promote application of corporate governance standards structures and practices by issuers of securities and institutional investors;
• Continuous analysis of corporate governance structures of issuers of securities to determine compliance with applicable regulatory requirements and standards;
• Driving the adoption of environmental social and governance (ESG) standards, integrated reporting and emerging best practices in governance;
• Development and timely publication of issuers governance reports and other relevant reports in line with the above functions.
• Reviewing applications for licensing – Fund/Investment Managers, Investment Advisers, Stock Brokers, Authorised Depositories, Investment Banks, REIT Managers, Derivative Brokers, Clearing Members, etc.;
• Reviewing applications for licensing of securities exchanges, commodities exchanges, over the counter (OTC) platforms, central securities depositories, central counter parties (CCPs), and other market infrastructures in collaboration with the Department of Technology and Digital Innovation
• Conducting analysis of financial statements submitted in support of applications by Fund/Investment Managers, Investment Advisers, Stock Brokers, Authorised Depositories, Investment Banks, REIT Managers, Derivative brokers, Clearing Members, etc.;
• Reviewing financial information on notices, announcements and advertisements by market intermediaries and make recommendations of the suitability for publication.

Officer – Licensing and Approvals

Job Specifications

The duties and responsibilities entail:

Issuers/Products – Equity, Debt, Collective Investment Schemes and other products

• Reviewing prospectuses, memorandum, financial statements, and other disclosures information by potential issuers to ensure investors are provided with adequate and complete information;
• Reviewing and conducting analysis of financial statements submitted in support of various corporate actions by issuers of securities such as bonus issues, rights issues, share splits, mergers and acquisition, private transfers, capital markets instruments, corporate bonds, commercial papers, asset backed securities, etc. to ensure compliance;
• Conducting analysis of financial data and valuation methodologies used by issuers of securities to determine their objectiveness and ensure adequate disclosures;
• Analysing financial statements to ensure that financial reporting by potential issuers of securities is in line with the requirements of International Financial Reporting Standards (IFRS) and other applicable regulatory requirements and standards;
• Maintaining and updating databases relating to financial data, in relation to the issuers of securities and corporate actions as approved by the Authority and undertaking trend analysis to inform policy decisions;
• Through liaison with various stakeholders, undertaking research on existing and emerging capital markets products and services to enhance review of applications;
• Organizing and participating in engagements with applicants and other stakeholders to facilitate approvals for issuers of securities and other corporate actions;

Licensing

• Reviewing of applications for licensing market intermediaries including Fund/Investment Managers, Investment Advisers, Stock Brokers, Investment Banks, REIT Managers, Derivative Brokers, Clearing Members, etc.;
• Conducting the review and analysis of financial statements and other information submitted in support of applications by market intermediaries including Fund/Investment Managers, Investment Advisers, Stock Brokers, Authorized Depositories, Investment Banks, REIT Managers, Derivative brokers, clearing members etc. to ensure compliance with the relevant legal and regulatory framework requirements;
• Engaging and communicating with applicants on areas of non-compliance relating to the applications for licensing;
• Proactively engaging applicants, potential candidates for licensing and other stakeholders with a view of facilitating the licensing process;
• Reviewing notices, announcements, advertisements and other required publications by market intermediaries and make recommendations of the suitability for publication;
• Reviewing financial information on notices, announcements, advertisements and other required publications by market intermediaries and make recommendations of the suitability for publication;
• Undertaking fit and proper assessments of directors, key personnel and no objection requests;
• Reviewing and undertaking research on new developments and lead licensing practices to enhance review of applications through ensure application of best licensing policies and business processes and procedures;
• Maintaining databases relating to licensing applications and undertaking trend analysis to inform improvements in licensing business processes and procedures as well as informing policy decision-making;
• Maintaining databases relating to financial data and analysis reports for applicants to inform policy improvements;
• Organizing meetings and forums with license applicants and other stakeholders to engage and respond to queries and correspondences from various internal and external parties on the licensing, IFRS and other requirements regarding their applications;
• Undertaking research on new developments in accounting, International Financial Reporting Standards (IFRS) and licensing practices to ensure application of lead practices in review of applications;
• Preparing turnaround times schedules;
• Undertaking any other duties as may be assigned from time to time.

Governance oversight

• Conducting analysis of corporate governance structures and practices by issuers of securities to ensure compliance with the Corporate Governance Code for issuers of securities and other relevant regulatory requirements and standards;
• Organizing and continuously engaging with issuers of securities, the institutional investors and other key stakeholders to facilitate compliance with the Corporate Governance Code for issuers of securities and other relevant regulatory requirements and standards;
• Developing and coordinating the implementation of governance scorecards and assessment tools for use in review of compliance by institutional investors and issuers of securities;
• Supporting the implementation of environmental social and governance (ESG), integrated reporting and emerging best practices in governance;
• Coordinating the development and reviewing of governance scorecards based on analysis of the reporting templates;
• Reviewing and preparing aggregated reports for all the issuers of securities on their compliance levels with regulatory requirements and standards relating to governance to aid in decision-making;
• Reviewing and developing summary issuer governance reports for publication;
• Developing and implementing on Corporate Governance capacity building programmes through organized workshops and seminars for issuers and institutional investors;
• Ensuring maintenance of updated databases relating to compliance by issuers and institutional investors and conduct trend analysis to inform policy and regulatory reforms;
• Continuously identifying and managing risks; and
• Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

• Bachelor or Masters’ Degree in any of the following fields: Finance, Economics, Business Administration or any other field related to the position;
• At least four (4) years of related work experience for senior officer and two (2) years for officer, please attach evidence;
• Professional qualifications in Accounting or Finance such as ACCA, CPA or CFA will be an added advantage;
• Membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
• 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.

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

 

 

Risk and Internal Auditor at Capital Market Authority: (Deadline 1 November 2024)

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

RISK AND INTERNAL AUDITOR

Job Purpose

Reporting to the Board of Directors, the Risk and Internal Auditor is responsible for providing leadership and oversight in the provision of independent and objective assurance on the effectiveness of the Authority’s policies, business processes and procedures, internal controls and governance processes to ensure the achievement of the Authority’s mandates.

He/she is responsible for ensuring adherence to quality standards for efficiency in all areas of operations, the development and management of risk management framework. In addition, he/she ensures Project, Performance and Risk Management Information system (PPRMIS) for the Authority is established and managed to meet the required standards functions

Job Functions

The implementation, maintenance and continual improvement of the Quality Management System;

• Aligning the risk and quality management frameworks to the Authority’s strategic objectives and review the Enterprise Risk Management System; and
• Capacity building to Directorates and Departments in Enterprise Risk Management.
• Developing and implementing strategies and programs to support the Internal Audit Unit;
• Developing, implementing and monitoring the Internal Audit Strategy;
• Overseeing the development and implementation of the strategic and annual Internal Audit plans and monitor and control audit projects in conformity with approved audit plans.

Risk and Internal Auditor

Job Specifications

The duties and responsibilities entail:

Business Risk and Quality Assurance

• Designing and reviewing the Enterprise Risk Management Framework and System to incorporate changes resulting from Authority’s operating environment.
• Coordinating institutional wide reviews of Enterprise Risk Management (ERM) and Quality Management System (QM) frameworks to ensure responsiveness to changing environmental dynamics and environment;
• Coordinating the implementation, maintenance and continual improvement of the Enterprise Risk Management (ERM) and Quality Management System (QM) frameworks;
• Coordinating the development and implementation of the Authority’s risk management strategies;
• Participating in Enterprise Risk Management (ERM) and Quality Management System (QM) audits, compile audit findings, track corrective actions and prepare reports as required
• Supporting the Board Committee in charge of Audit and Risk through provision of among others secretariat services and necessary information to facilitate the Committee business activities;
• Undertaking capacity building to Directorates and Departments in Enterprise Risk Management (ERM) and Quality Management System (QMS) across the Authority;
• Maintaining and updating the Authority’s risk-log register per Directorates/Departments/business functions;
• Reporting emerging risks in the execution of in Enterprise Risk Management (ERM) and Quality Management System (QMS) across the Authority;
• Preparing monthly, quarterly, annual and periodic reports as required;
• Working with Directorates and Departments Managers to align the risk and quality management frameworks to the Authority’s strategic objectives;
• Preparing and monitoring the Unit’s budget and work plan;
• Performing any other duties as assigned.

Internal Audit

• Developing and implementing strategies and programs to support the Internal Audit Unit;
• Developing, implementing and monitoring the Internal Audit Strategy;
• Developing and implementing the internal audit business processes and procedures;
• Developing and implementing the strategic and/or annual internal audit work plans; monitor and control audit projects in conformity with approved audit plans;
• Preparing and presenting internal audit reports (findings and recommendations) and Board papers to the Board Committee in charge of Audit and Risk;
• Coordinating review of organizational activities to ascertain the extent of staff compliance with Management set Standards, Policies and Procedures, as well as corporate compliance with relevant legal and regulatory framework;
• Identifying gaps and opportunities for improving business processes and procedures based on audit outcomes;
• Undertaking reviews and conducting audits on the Authority’s business processes and procedures, operations, systems, practices and other associated risks to ensure compliance with relevant laws, regulations, policies and consistency with the Authority’s established objectives and goals in accordance with the annual internal audit work plan (compliance audits);
• Identifying and documenting all internal control weaknesses and recommendations for improvements;
• Developing strategic initiatives to maintain and improve the audit function;
• Coordinating and monitoring timely implementation of audit recommendations;
• Ensuring and monitoring timely implementation of internal audit report recommendations;
• Evaluating and recommending revisions to business internal controls, operational and management policies, processes and procedures;
• Coordinating audit effort with External Auditors making working papers and reports available, highlighting areas of high risk and minimizing duplication of audit effort;
• Providing secretarial services to the Board Committee in charge of Audit, Corporate Governance and Risk Management;
• Maintaining CMA’s internal audit business processes and procedures in accordance with relevant internal audit guidelines;
• Undertaking special audit assignments as may be required;
• Ensuring an effective and efficient compliance with the Government’s relevant laws and regulations;
• Coordinating internal and external communication (correspondences, emails, phone calls, etc.) within the Unit as well as responding to all relevant enquiries addressed to the Unit;
• Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

A candidate must have the following or equivalent

• Master’s Degree in any of the following fields: Finance, Accounting, Business Administration or Economics;
• At least five (5) years of related work experience, please attach evidence;
• Professional qualifications in Accounting, Finance or Internal Audit such as ACCA, CPA, CFA or CIA (Certified Internal Auditor);
• Membership of professional accounting, finance or internal audit body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR), Institute of Internal Auditors (IIA) Rwanda or their equivalent;
• 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.

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