Summary
Date Posted: Monday, August 17, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
The Capital Markets Authority (CMA) is a statutory body, established in 1996 by the Capital Markets Authority Act (Cap 84) as amended, to promote, develop and regulate the capital markets industry. CMA is governed by a Board of Directors appointed by the Minister of Finance, Planning and Economic Development
The CMA is mandated by law to:
• Approve prospectus and other offering documents under which securities are offered to the public
• Develop the capital markets through removal of impediments and the creation of incentives for longer term investments in productive enterprises
• Create, maintain and regulate a market in which securities can be issued and traded in an orderly, fair and efficient manner.
• Cooperate with any foreign regulatory authority in the performance of its duties; Implement regional and international standards and best practice in securities markets, securities regulation and supervision
• Protect investors; and
• Operate an investor compensation fund.
The work of the CMA is also governed by the Securities Central Depositories Act, 2009 and the Collective Investment Schemes Act, 2003.
To deliver on its mandate efficiently and effectively, CMA is seeking to hire qualified and self-motivated individuals to fill the following positions:
Job Title: Director Legal & Board Affairs
Reports To: Chief Executive Officer
Job Purpose: To develop and review CMA's regulatory framework and provide Board secretarial services and legal counsel to the Board, CEO and Senior Management .

Responsibilities/Key Deliverables
• Managing Board Secretarial affairs which include submission of board papers to the board, minute taking, extracting and circulating action items from board meetings to responsible line managers, and includes budgeting for Board activities;
• Develop and review CMA's laws and regulations, and in liaison with the market supervision department, lead the review of rules of stock exchanges. This also includes reviewing regulatory notices and guidelines to guide market intermediaries;
• Ensure the Authority complies with all statutory laws and regulations e.g. AML Act and regulations, procurement laws, and public finance laws etc.
• Manage the performance of the department. This includes planning, setting performance targets supervising and reviewing staff performance and capacity development, preparing department budgets,
• Provide legal opinions to the CEO, Senior Management Team and Board:
• Preparation of MOUs and administrative contracts (e.g. procurement, employment)
• Conduct investigations into market abuse by licensed and unlicensed persons as well as public companies and recommend appropriate actions.
• Carry out enforcement action against persons in breach of capital markets laws and regulations;
• Representing the CMA in courts of law and other dispute settlement for a directly and /or through external counsel;
• Liaise with national legislative institutions on issues that relate to the mandate of CMA, and
• Any other related duties that may be assigned from time to time

Job Skills: Not Specified

Person Specification
• Bachelor's (Honors) of Law
• Diploma in Legal Practice (or equivalent bar course) - Essential
• A relevant postgraduate academic qualification/professional (E.g. Securities Law, Commercial Law, Arbitration)
• Institute of Chartered Secretaries & Administrators (CSA) is Desirable
Must have:
• At least ten (10) years' post qualification experience,
• Seven (7) Years of progressive commercial/ corporate law experience.
• Previous experience in financial sector regulation will be an added advantage
• Previous experience in litigation and/or enforcement is desirable
• Strong performance management experience will be an added advantage
Business Behaviors
• Leadership (by example & talent, demonstrates the ability to provide clear direction)
• Communication (Ability to clarify situations, structure interactions towards productive conclusions)
• Encouraging (expression/debate, seeking win-win solutions; and commanding attention & respect).
• Initiates and supports change
• Excellent coordination and organization skills
• High level of integrity
• Demonstrable client focused attributes
Team work (fosters a cohesive team environment)

Job Education: Bachelor's (Honors) of Law
Job Experience: 10 years

Work Hours: 8

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Job application procedure
Interested candidates should hand deliver or send via email (in standard file types, namely Microsoft Word or Adobe Acrobat (pdf) in a single attachment, and should not exceed 10MB) their applications together with a recent CV (with 3 references), copies of academic transcripts and/or certificates by FRIDAY, 28 AUGUST 2020, BEFORE 5:00 PM
Applications should be addressed to:
The Human Resource Officer
Capital Markets Authority,
8th Floor, Jubilee Insurance Center,
Plot 14 Parliament Avenue, P. O. Box 24565, Kampala.
Email: info@cmauganda.co.ug  
NOTE:
• Only shortlisted candidates will be contacted.
• Your application will only be reviewed if you have fulfilled all the above stated requirements, including submission of documents in standard file types. Zipped files, links and / or multiple attachments are not acceptable.

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