Jobs at:
Capital Market Authority

Vacancy title:
Director Research & Market Development

Deadline of this Job:
Friday 4th November 2016, by 5:00PM

Duty Station:
Kampala, Uganda

Job details:
The Capital Markets Authority (CMA) is an autonomous body, established in 1996 under the Capital Markets Authority Act (Cap 84) 1996, 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 prospectuses 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
Operate an Investor compensation fund.

To date, CMA has approved applications for 8 domestic equity offers, 4 secondary equity offers and corporate bond offers for 9 issuers. The CMA has developed six (6) regulations to give effect to the Collective Investment Schemes Act, eight (8) regulations to operationalize the Capital Markets Authority Act and one (1) regulation under the Securities Central Depositories Act. The CMA has provided five (5) guidelines to guide market intermediaries and issuers.

The CMA is seeking to hire two (2) qualified and motivated individuals to join its Senior Management Team;

Job Title: Director Research & Market Development
Reports to: The Chief Executive Officer

OVERALL JOB PURPOSE: To Develop and oversee the implementation of CMA‘s research and market development initiatives aimed at demonstrating the benefits of the Capital Markets to issuers (in financing private sector growth and infrastructure development) and to investors / savers; and improving the efficiency and effectiveness of the Capital Markets industry regulatory framework.

KEY DUTIES AND RESPONSIBILITIES:

• Undertake research into improving the efficiency and effectiveness of Uganda's capital markets regulatory and operating framework, and preparing discussion papers to guide policy formulation to improve CMA‘s effectiveness as a capital markets regulator and development agency;
  
• Develop and Monitor the implementation of CMA's Strategic Plan;
  
• Finalize the development and monitor the implementation of the Ten (10) year Capital Markets Master plan.
  
• Provide oversight to the Communication & Public Relations function on Public Education aspects of the Communications function.
  
• Manage the development and implementation of the Capital Markets Certification Program;
  
• Initiating and Coordinating investor and issuer education and awareness campaigns, in association with securities exchanges and licensed market intermediaries
  
• Managing the performance of the department. This includes setting performance targets; managing staff capacity development; approving department budgets and work plans; and appraising staff periodically;
  
• Liaison and focal point person for management of donor funded consultancy studies which includes developing terms of reference, evaluating consultant proposals and approving deliverables, for local and regional consultancies;
  
• Any other related duties as may be delegated by the CED

QUALIFICATIONS AND EXPERIENCE:
Minimum Academic Qualifications:
A Bachelor's degree, with honors, in any of the following: Finance, Economics, Statistics, Commerce / Business Administration or any other relevant degree from a recognized University and a post-graduate qualification in Economics, Public Policy, Finance or investments or relevant field from a recognized University.

Knowledge & Work Experience:
Minimum of 5 years working experience at a senior level in a regulatory environment with demonstrable understanding of research, planning, management of/working with consultants, preferably in the capital markets or non-bank financial sector; and strong leadership, communication and influencing skills.

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 4th November 2016, by 5:00PM to:

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 4th November 2016, by 5:00PM to:

The Director Corporate Services Capital Markets Authority,
8th Floor, Jubilee Insurance Center,
Plot 14 Parliament Avenue, P. O. Box 24565, I
Kampala.
Email: info@cmauganda.co.ug

Please take note that ONLY shortlisted candidates will be contacted.