Recruitment of Chief Executive Officer: Re-advertisement at Deloitte Consulting

Description

Our client The Capital Markets Authority (CMA) is a statutory agency charged with the prime responsibility of regulating the development of orderly, fair and efficient capital markets in Kenya. The Board of the Authority intends to fill the position of Chief Executive Officer which fell vacant in January 2020.

CMA is seeking to recruit a transformative and innovative leader with well-developed organizational skills and ability to make sound business decisions and manage and influence change while keeping sight of the National Interest to fill the position of Chief Executive Officer.

Requirements

Reporting to the Board of Directors, the Chief Executive Officer will be responsible for providing direction and management of the regulation and development of the capital markets including exercising and discharging of mandate of the Authority, monitoring performance against its objectives, functions and duties, and overall administration.

Key Responsibilities

• Leverage on resources and capacity to promote continuous improvement and constructive innovation to ensure effective delivery of the mandate of the Authority through the strategic balance of developing the market, effectively regulating market players and products and protecting investor interests;
• Provide strategic leadership on the review of relevant laws, regulations and procedures that are related to capital markets to address changing business and stakeholders’ needs;
• Lead cross-governmental and industry engagement in the identification, review and implementation of policies, strategies and programmes to facilitate globally competitive capital market infrastructure, products and services in Kenya;
• Lead in development and implementation of the Strategic Plan and coordinate the implementation of the Capital Markets Master Plan with industry, policy makers and Development Partners;
• Participate in high-level sectoral, national, regional and international engagements to present and exchange best practices on financial markets regulations and development; Manage emerging issues, risks and opportunities to ensure that the Authority continues to deliver strong results and achieves desired outcomes;
• Act as the primary spokesperson of the Authority through an integrated Public Relations and Investor Education Strategy and oversee management of communication to external parties;
• Liaise with National Treasury and other Government Agencies on all matters touching on the Authority’s operations;
• Build the capabilities of the executive team and staff to ensure the Authority is properly capacitated to deliver on its mandate and objectives; and
• Effectively develop available resources for the best value to the Authority and public interest while ensuring financial capability to continuously deliver on the mandate of the Authority.

Person Specifications

• Be a holder of a bachelors and a masters degree in any of the following fields; law, finance, accounting, economics, banking or insurance or equivalent from a recognized institution of higher learning;
• Membership in good standing of a relevant professional body, where applicable;
• Have at least Fifteen (15) years’ work experience in money or capital markets or finance, with not less than ten (10) years’ experience at a senior management level in matters relating to law, finance, accounting, economics, banking or insurance;
• Have demonstrable knowledge and experience in matters relating to money or capital markets or finance;
• Be results oriented leader with demonstrated track record of high performance; and
• Be technologically savvy.

Benefits

This appointment is on contractual terms for a period of four (4) year renewable for one (1) further term, subject to relevant public service regulations governing staff tenure. Successful applicants will be required to undergo corruption and security background vetting in accordance with CMA and Government procedures.

Candidates will be required to satisfy the requirements of Chapter Six of the Constitution of Kenya 2010 including: A Valid Certificate of Tax Clearance from Kenya Revenue Authority (KRA), Valid Certificate of Good Conduct from the Directorate of Criminal Investigations or a comparable authority, clearance from the Ethics & Anti-Corruption Commission (EACC), i.e., Certified copy of duly completed First Schedule (S.13) Self Declaration form from EACC, clearance Certificate from Higher Education Loans Board (HELB), and a report from an approved Credit Reference Bureau (CRB).