Thursday, September 12, 2013

Capital Markets Authority Jobs


Legal Careers in Kenya
Position: Senior Legal Officer, Regulatory Framework
Reports to: Assistant Manager, Legal Framework
Re – Advertisement
Ref: HCA/SLO/RF/7/2013
The Capital Markets Authority is a statutory agency charged with the responsibility of regulating and developing an efficient capital market in Kenya.
The Authority invites applications from dynamic, goal-oriented, high performers, with strong problem-solving skills, for the following position: Senior Legal Officer, Regulatory Framework
Background
The following position is currently vacant and interested qualified candidates may submit their applications as detailed:
Overall Job Purpose
Responsible to the Assistant Manager, Legal Framework for reviewing the capital markets enabling legislation, rules, regulations and guidelines in accordance with the strategic focus of the Authority, market needs and changing trends.
The Senior Legal Officer will also be charged with carrying out research of local, regional and international practices to guide recommendations on necessary amendments or new regulatory framework to facilitate efficient and orderly market operations and growth.
The Senior Legal Officer will be responsible for supporting and overseeing the research and legal drafting activities of Legal Officer, Legal Framework.
Core Duties and Responsibilities
Organise and coordinate the review of relevant aspects of cross-sectoral laws affecting capital markets and investment sector and recommend amendments to ensure fair, efficient and transparent capital markets to protect investors, reduce systemic risk, taking into account appropriate international standards;
Have regard to the need for the legal and regulatory framework to be based on rules that are founded on well-established practices and to the greatest extent possible to promote a drafting style that will ensure the framework can be widely understood, and is clearly expressed;
Prepare transparent, clear and concise guidelines and procedures to implement the regulatory framework;
Organise and coordinate the review of capital markets enabling legislation, rules, regulations and guidelines including conducting surveys and collecting data and information to support the amendment of capital market rules and regulations;
Facilitate industry consultations on proposed legislative amendments including coordinating stakeholder workshops and exposures sessions to collect feedback on areas in need of regulatory reform;
Engage with relevant internal and external stakeholders, including but not limited to the Attorney General’s Chambers, Registrar General, Law Reform Commission, any Securities Exchange, Central Securities Depository, capital markets intermediaries and other local and foreign regulators in financial markets to ensure the timely development and where necessary enactment of transparent and efficient laws, rules and regulations;
Develop guidelines, rules and procedures to implement the regulatory framework.
Review rules, procedures and other instruments proposed to be issued by Self-regulatory organizations, securities exchanges, central securities depositories and other market organizations with oversight responsibilities under either the Capital Markets Act or the Central Depositories Act.
Provide interpretation on application of legal and regulatory framework;
Any other duties as assigned from time to time
Minimum Qualifications
Bachelor’s degree in Law
Be an advocate of the High Court of Kenya with at least 3 years standing.
Minimum of (3) three years of relevant work experience in legal and regulatory framework development.
Added Advantage
Training in legislative drafting
A master’s Degree in Law
A relevant professional qualification
Skills Required
Experience in legislative drafting
Knowledge of laws and regulations in the capital markets sector and in the financial sector.
Excellent research and analytical skills.
Ability to identify legal and regulatory impediments and provide practical solutions.
Relevant computer skills
Good interpersonal and communication skills.
High sense of precision and accuracy.
Organizational skills and ability to prioritize tasks.
Ability to build harmonious working relationship with stakeholders.
If your background, experience and competence matches the above specifications, please send your application, including your current curriculum vitae and other testimonials to:
Ag. Chief Executive
Capital Markets Authority
P.O Box 74800 – 00200
Nairobi
The closing date is Sep 19, 2013.
Only shortlisted candidates will be contacted for interviews.

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