CMA Senior Legal Officer and Legal Officer jobs in Kenya

The following positions are currently vacant and interested qualified candidates may submit their applications as detailed:

Senior Legal Officer, Regulatory Framework
Reports to : Assistant Manager, Legal Framework
Overall Job Purpose
Reporting to the Assistant Manager, Legal Framework, the Senior Legal Officer will be responsible for reviewing the capital markets enabling legislation, rules, regulations and guidelines in accordance with the strategic focus of the Authority, market needs and changing trends.
The Senior Legal Officer will also be charged with carrying out research of local, regional and international practices to guide recommendations on necessary amendments or new regulatory framework to facilitate efficient and orderly market operations and growth.
The Senior Legal Officer will be responsible for supporting and overseeing the research and legal drafting activities of Legal Officer, Legal Framework.

Core Duties and Responsibilities

• Organise and coordinate the review of relevant aspects of cross-sectoral laws affecting capital markets and investment sector and recommend amendments to ensure fair, efficient and transparent capital markets to protect investors, reduce systemic risk, taking into account appropriate international standards;
• Have regard to the need for the legal and regulatory framework to be based on rules that are founded on well-established practices and to the greatest extent possible to promote a drafting style that will ensure the framework can be widely understood, and is clearly expressed;
• Prepare transparent, clear and concise guidelines and procedures to implement the regulatory framework;
• Organise and coordinate the review of capital markets enabling legislation, rules, regulations and guidelines including conducting surveys and collecting data and information to support the amendment of capital market rules and regulations;
• Facilitate industry consultations on proposed legislative amendments including coordinating stakeholder workshops and exposures sessions to collect feedback on areas in need of regulatory reform;
• Engage with relevant internal and external stakeholders, including but not limited to the Attorney General’s Chambers, Registrar General, Law Reform Commission, any Securities Exchange, Central Securities Depository, capital markets intermediaries and other local and foreign regulators in financial markets to ensure the timely development and where necessary enactment of transparent and efficient laws, rules and regulations;
• Develop guidelines, rules and procedures to implement the regulatory framework.
• Review rules, procedures and other instruments proposed to be issued by Self-regulatory organizations, securities exchanges, central securities depositories and other market organizations with oversight responsibilities under either the Capital Markets Act or the Central Depositories Act.
• Provide interpretation on application of legal and regulatory framework;
• Any other duties as assigned from time to time

Minimum Qualifications

• Bachelor’s degree in Law
• Post-graduate Diploma in Law
• Be an advocate of the High Court of Kenya of at least 3 years standing.
• Certificate in Legislative Drafting
• Minimum of three (3) years’ work experience in legal and regulatory framework development in the financial markets.

Added Advantage

• Training in policy formulation
• A master’s Degree in Law
• CPS
• CPA
• CFA

Skills Required

• Knowledge of laws and regulations in the capital markets sector and in the financial sector
• Experience in translation of policy into legislation
• Ability to identify legal and regulatory impediments and provide practical solutions.
• Relevant computer skills
• Good interpersonal and communication skills.
• High sense of precision and accuracy.
• Organizational skills and ability to prioritize tasks.
• Ability to build harmonious working relationship with stakeholders.

Legal Officer, Regulatory Framework
Reports to : Senior Legal Officer, Regulatory Framework
Overall Job Purpose:
Reporting to the Senior Legal Officer, Regulatory Framework, the Legal Officer shall be responsible for carrying out extensive legal research for benchmarking capital markets legal and regulatory framework with international best practice approaches. 

Carrying out legislative drafting in line with benchmark standards to attain the strategic objectives and policies of the Authority.
Core Duties and Responsibilities

• Carrying out legal research on benchmark standards on regulatory drafting in capital markets;
• Drafting of capital markets legislative instruments;
• Providing interpretation on application of legal and regulatory framework;
• Participating in industry consultations on draft legislative instruments;
• Engaging with internal and external stakeholders to ensure timely development of transparent and efficient laws, rules and regulations;
• Any other duties as may be assigned from time to time

Minimum Qualifications

• Bachelor’s degree in Law
• Post-graduate Diploma in Law
• Be an advocate of the High Court of Kenya with at least 2 years standing.
• Evidence of training in legislative drafting
• Minimum of two (2) years’ experience in legal and regulatory framework in the financial markets.

Added Advantage

• Experience in an organization with a regulatory mandate
• Master’s degree in law
• CPS
• CPA

Skills Required

• Knowledge of laws and regulations in the capital markets sector and in the financial sector.
• Excellent research and analytical skills.
• High sense of precision and accuracy.
• Good interpersonal and communication skills.
• Organizational skills and ability to prioritize tasks
• Ability to build harmonious working relationship with stakeholders.
• Relevant computer skills
• Strategy & Policy Officer

Strategy & Policy Officer

Reports to : Senior Officer –Strategy & Policy

Overall Job Purpose:

Reporting to the Senior Officer, Strategy and Policy, the Strategy & Policy Officer will be responsible for planning, analyzing and reviewing the impact of various policies on capital markets development and identify impediments to market development with an objective of developing appropriate policy interventions for capital markets development as well as reviewing and updating the Authority's long term strategic plans and ensuring they are aligned to the National policies.

Core Duties and Responsibilities

• Carry out policy research benchmarking on international best practices to inform policy actions
• Coordinate development, review and undertake monitoring and evaluation of the strategic plan and provide relevant management information.
• Coordinate development, review and undertake monitoring of the Performance Contract including collating of evidence from other departments Develop and maintain a capital markets policy proposals database.
• Prepare policy memorandum to Treasury on policy and fiscal incentives.
• Assist in writing grant applications
• Ensure submission of quarterly and annual reports to Treasury and Vision 2030
• Other duties as may be assigned from time to time

Minimum Qualifications

• Degree in Economics, Finance, Strategic Management, Business Administration, Policy Analysis or related field.
• Minimum of two (2) years of relevant work experience, preferably in public policy analysis or monitoring & evaluation of strategy implementation in a research institution, government agency, or a private entity
• Knowledge of the capital markets and good understanding and network of public and private policy research institutions and regulators within the financial sector.

Skills Required

• Negotiation skills
• Strong written, verbal and interpersonal skills
• Computer skills
• Excellent research skills and ability to analyse quantitative and qualitative data
• Exceptional planning and organisational skills

If your background, experience and competence matches the above specifications, please send your application, including your current curriculum vitae and other testimonials to:

The Chief Executive
Capital Markets Authority
P.O Box 74800 – 00200
Nairobi

The closing date is Friday, June 7, 2013. Only shortlisted candidates will be contacted for interviews.
‘’Capital Markets Authority is an Equal Opportunity Employer’’