The Capital Markets Authority (CMA) is Kenya’s premier regulatory body mandated with supervising, licensing, and monitoring the activities of market intermediaries, including the securities exchanges and the central depository and settlement system. With a core objective of promoting a fair, efficient, and transparent capital market, CMA plays a pivotal role in ensuring the integrity and development of Kenya’s financial sector.
In pursuit of this mandate, CMA is seeking a highly motivated, qualified, and result-oriented individual to fill the following position on a short-term basis. This opportunity is ideal for individuals who wish to contribute to the development of Kenya’s capital markets while gaining hands-on experience in regulatory functions.
POSITION ANNOUNCEMENT
TEMPORARY ASSISTANT – LICENSING
No. of Positions: 1
Contract Duration: Six (6) Months Fixed-Term Contract
Reporting To: Manager, Licensing
Job Description
The selected candidate will work within the Licensing Division under the guidance of the Manager, Licensing. The primary focus will be on ensuring compliance and support in the administration of licensing functions. Below is a detailed breakdown of the key responsibilities:
Key Responsibilities
- Reviewing Licensing Applications
- Evaluate applications for licensing of market institutions and intermediaries to ensure compliance with the relevant regulatory frameworks and legal requirements.
- Scrutinize submitted documentation to verify their authenticity and sufficiency.
- Conducting Due Diligence
- Undertake fitness and probity checks on proposed directors and key personnel of entities seeking licensure.
- Ensure that all key individuals meet the standards of integrity and competence as stipulated by the Authority.
- Inspection of Applicant Premises
- Carry out physical premise inspections to assess the readiness and operational capacity of firms applying for licenses.
- Ensure all necessary infrastructure and systems are in place to support licensed operations.
- Evaluation of Public Communications
- Review press notices, public announcements, and advertisements intended for publication by licensed entities.
- Recommend the appropriateness of such communications in line with CMA’s standards and requirements.
- Research and Development Support
- Conduct research related to developments and changes in the Kenyan capital market institutional structure.
- Liaise with relevant stakeholders to gather and analyze information critical to the enhancement of the licensing framework.
- Database and Records Management
- Maintain accurate and up-to-date databases for all applications received and processed by the Licensing Division.
- Provide timely reports and updates on the status of ongoing and pending licensing activities.
- Interdepartmental Coordination
- Collaborate with officers from other divisions to track and update the progress of licensing applications.
- Ensure seamless communication across departments regarding compliance and procedural follow-ups.
- Regulatory Sandbox Applications
- Review submissions for admission into the regulatory sandbox, which allows for controlled testing of innovative fintech products and services.
- Provide analysis and recommendations based on regulatory standards and innovation parameters.
Minimum Qualifications and Experience
- Education: Bachelor’s degree in Law.
- Experience: At least one year of relevant experience will be considered an added advantage.
Key Skills and Competencies
- Integrity: Must uphold high ethical standards and demonstrate honesty, transparency, and integrity in all duties.
- Proactivity: Strong initiative with the ability to work independently and meet deadlines with high-quality deliverables.
- Team Collaboration: Proven ability to work effectively within a team environment, demonstrating adaptability and supportiveness.
- Communication: Excellent written and verbal communication skills, with attention to clarity and professionalism.
- Confidentiality: A strong commitment to handling sensitive information with discretion.
Equal Opportunity Statement
The Capital Markets Authority is an equal opportunity employer committed to diversity and inclusion in the workplace. Applications are encouraged from all qualified individuals, especially persons living with disabilities.
Please note: CMA does not charge any fee at any stage of the recruitment process.
How to Apply
Interested and qualified candidates are encouraged to submit their applications through the official recruitment portal provided by the Capital Markets Authority.
Apply Now
Application Deadline: April 15, 2025
Only shortlisted candidates will be contacted for interviews.
This opportunity offers a unique chance to gain firsthand experience in financial regulation and contribute to the stability and growth of Kenya’s capital markets. If you meet the qualifications and are eager to work in a dynamic regulatory environment, we encourage you to apply before the deadline.
