Monday, 9 January 2012

Capital Markets Authority (CMA) - Director Corporate Services

Job Advertisement- Director Corporate Services


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

The Authority is seeking applications from qualified, competent and experienced candidates to provide visionary and strategic direction to a newly established Directorate of Corporate Services comprising Human Capital, Administration and Procurement, Finance, and Information, Communication and Technology (ICT) departments.

The Director will report to the Chief Executive.

The Director will actively contribute to the overall leadership of the organization through development and implementation of strategies in support of the Authority’s goals and work programmes in Corporate Services Directorate.

The successful candidates will have a passion for the mandate of the Authority and its objectives and will have the gravitas and enthusiasm to help achieve its long term objectives.

Overall job summary

The Director is responsible for the direction and management of the Corporate Services Directorate and provides technical leadership and strategic direction in the design, implementation and provision of high level systems and services for all support functions within the Authority, spanning Human Capital, Administration and Procurement, Finance, and Information, Communication and Technology (ICT).

Major Duties and Responsibilities

i) Finance
  • Charged with development and implementing financial strategy of CMA pursuant to best practice and, international accounting standards;
  • Oversee the finance function, ensuring proper leadership of the Authority’s financial affairs;
  • Advising the Authority on budget and financial planning strategies and policies; monitoring the budget; and preparing the annual financial statements;
  • Ensure the provision of meaningful, accurate and prompt management accounts and reports to the Chief Executive and Board of Directors.
ii) Human Capital and Administration
  • Oversee the human capital function, ensuring the provision of advice on human capital matters to the Authority, including the development and review of relevant human capital strategies, policies and procedures pursuant to best practice and Kenyan employment law;
  • Oversee performance management; recruitment; training and development; disciplinary and grievance procedures; payroll and pensions and other benefits;
  • Oversee all the procurement activity in accordance with Public Procurement Statutory framework;
  • Manage the premises/facilities used by the Authority including the relationships with landlords, managing agents.
iii) ICT
  • Charged with development and implementing of the ICT strategy of CMA and relevant policies and procedures pursuant to best practice and capital market needs;
  • Oversee the Information, Communications and Technology (ICT) function, ensuring the development and implementation of the Authority’s ICT services to bolster automation of all functions and services;
  • Provide the Authority with efficient and effective information and communications technology systems that is solution-oriented to the capital markets industry.
Academic Qualifications:

  • Relevant Masters Degree
Added Advantage
  • A relevant professional qualification.
Professional Qualifications:
  • Membership in a relevant professional body.
Experience Required:
  • Minimum ten (10) years experience in financial, operations, human capital, ICT, and/or administration management preferably in the financial services sector;
  • At least six (6) years experience at a senior management level in an organization with a record of success in human capital, financial management and information communication systems delivery linking service delivery to strategic objectives;
  • Proven track record of achieving results with demonstrated success in developing policies, procedures and processes and building systems and tools to support a growth-oriented organization;
  • Demonstrate experience in implementing significant change management processes;
  • Demonstrate experience in project management and related financial reporting;
  • Demonstrate knowledge of applicable statutory frameworks;
Terms and conditions of service

The position offers an attractive remuneration package, will be on contractual terms for a period of four years and renewable depending on performance. Gratuity at the rate of 31% will be payable on expiry of contract period.

Application process

If your background experience and competence match the specifications outlined, please send your application and cover letter, quoting the reference number of the position, including your current curriculum vitae, salary history, three referees (one of who must be either your current or previous employer),day telephone number, email address and details of your current salary and benefits to:

Chief Executive
Capital Markets Authority
P.O Box 74800 00200

The closing date is 24 January 2012

Only shortlisted candidates will be contacted for interviews.

This vacancy announcement is also available on the CMA website:



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