The Capital Markets Authority (CMA) is a statutory agency charged with the responsibility of regulating and developing efficient Capital Markets in Kenya.

Contract Period: Six (6) Months Fixed Term Contract

Responsibilities

Reporting to the Manager, Licensing the selected candidate will be responsible for:

• Reviewing applications for licensing of market institutions and intermediaries, including securities exchanges, over the counter (OTC) platforms, central securities depositories, central counter parties (CCPs) and other market infrastructures;
• Reviewing applications for recognition as SROs;
• Proactively engaging applicants, potential candidates for licensing and other stakeholders with a view of facilitating the licensing process within the Regulatory Framework and applicable standards;
• Liaise with the Market Supervision Department to carry out due diligence about the appointment of proposed directors and key personnel of market intermediaries;
• Reviewing relevant notices, announcements and advertisements by licensed entities and making recommendations of their suitability for publication;
• Conducting research in matters affecting the development and changes in the Kenyan capital markets institutional arrangement in liaison with relevant stakeholders
• Keeping and updating databases relating to applications for licensing
• Updating the status of all outstanding licensing applications received by the division, in liaison with officers from other divisions in the department

Requirements

Minimum Qualifications and Experience 

• Bachelor’s degree in Law
• Minimum of one year of relevant experience will be an added advantage.

Key skills and Competencies 

• Display honesty, transparency, and integrity in all dealings;
• Show initiative and meet all deadlines with high quality work;
• Demonstrate good communication skills and teamwork; and
• Always dedicated to confidentiality.