Summary
Date Posted: Friday, October 18 2024, Base Salary: Not Disclosed

JOB DETAILS:
1.1. Job Purpose
Reporting to the Manager- Market Supervision and Inspection, the Market Supervision and
Inspection Officer is responsible for undertaking market supervision and surveillance
business activities on a broad range of transactions focusing on suspected unlawful dealings
to detect and deter regulatory breaches within the capital markets, collective investment
schemes, commodity exchange and related contracts, warehouse receipts system, and any
other market segments, as may be assigned by the Law.
He/she is responsible for the implementation of supervision programs for licensed market
intermediaries, self-regulatory organizations, issuers of securities to the public, securities
exchanges, commodities exchanges, derivatives exchanges, central securities depositories
and other regulated persons in line with the capital markets legal and regulatory framework
and applicable standards.
The Market Supervision and Inspection Officer is also responsible for undertaking risk
assessments and analysis in the markets and making recommendations on appropriate risk
management measures within the capital markets, collective investment schemes,
commodity exchange and related contracts, warehouse receipts system, and any other
market segments, as may be assigned by the Law. He/she is further responsible for providing
technical support for investigations to be conducted concerning regulatory breaches within
the capital markets, collective investment schemes, commodity exchange and related
contracts, warehouse receipts system, and any other market segments, as may be assigned
by the Law; and recommending appropriate action.

1.2. Job Functions
Market Inspection
1) Conduct regular and ad hoc inspections and investigations on trading activities;
2) Implement analytical solutions to enhance the efficiency of the supervision and
surveillance of business activities;
3) Participate in relevant investigative business activities concerning suspicious cases
within the capital markets, collective investment schemes, commodity exchange and
related contracts, warehouse receipts system, and any other market segments, as may
be assigned by the Law;
4) Conducting onsite and offsite inspection activities by risk-based supervision
methodologies and approved plans and preparing reports;
5) Conducting risk profiling activities for licensed market intermediaries and other
regulated persons and preparing reports;
6) Ensuring a productive relationship management framework between the Authority,
licensed market intermediaries and other regulated persons.

Market Surveillance and Risk Management
1) Implementing approved risk management programmes;
2) Undertaking risk profiling of licensed market intermediaries and other regulated
persons;
3) Conducting onsite inspection of intermediaries to evaluate their risk management
processes and advise on ways of improvement;
4) Undertaking research on best practices and perform trend analysis of licensed
market intermediaries and other regulated persons to inform decision making;
5) Conduct regular and ad hoc inspections and investigations on trading activities for
the capital markets, collective investment schemes, commodity exchange and related
contracts, warehouse receipts system, and any other market segments, as may be
assigned by the Law;
6) Implement analytical solutions to enhance the efficiency of the market surveillance
activities;
7) Participate in investigative activities with respect to suspicious cases within the
capital markets, collective investment schemes, commodity exchange and related
contracts, warehouse receipts system, and any other market segments, as may be
assigned by the Law;
8) Developing and implementing investigation programs, business processes and
procedures manuals to achieve protection of investors’ interest, enhance market
integrity and increase deterrence;
9) Developing and implementing a dispute, including complaints’, management and
resolution framework;
10)Advising on the legal and regulatory gaps, trends in violations, to inform policy and
regulatory reforms to ensure efficient and effective investor protection;
11)Ensuring a conducive stakeholders relationship framework between the Authority
with domestic, regional and international strategic partners to promote appropriate
and relevant investigations within the capital markets, collective investment
schemes, commodity exchange and related contracts, warehouse receipts system, and
any other market segments, as may be assigned by the Law.

Technical Support to Competent Authorities for Market Investigation
1) Developing and implementing an investor complaints’ management and alternative
dispute resolution frameworks, and making appropriate recommendations;
2) Developing and coordinating the implementation of market intelligence gathering
frameworks to facilitate market Investigations and business activities;
3) Coordinating internal and external stakeholders’ engagements on market
investigations matters;
4) Implementing measures to support local, regional and international strategic
partners to promote cooperation in market investigations within the capital markets,
collective investment schemes, commodity exchange and related contracts,
warehouse receipts system, and any other market segments, as may be assigned by
the Law;
5) Facilitate relationships with domestic, regional and international strategic partners
to facilitate successful market investigation within the capital markets, collective
investment schemes, commodity exchange and related contracts, warehouse receipts
system, and any other market segments, as may be assigned by the Law;
6) Determining trends in regulatory breaches and advise on the legal and regulatory
gaps, to inform policy and regulatory reforms to ensure effective and efficient
investor protection;
7) Establishing and coordinating a records management system for all market
investigations matters.

1.3. Officer – Market Supervision and Inspection
1.3.1. Job Specifications
The duties and responsibilities entail:
Market Inspection
1) Conducting onsite and offsite inspection activities in accordance with risk-based and
other relevant supervision methodologies and plans, and preparing related reports;
2) Conducting risk-profiling activities for licensed market intermediaries and other
regulated persons and preparing related reports;
3) Developing, executing and tracking implementation of the annual inspection plan for
licensed market intermediaries and other regulated persons, and preparing relevant
reports;
4) Developing, executing and tracking implementation of all compliance programmes
within the Division, and preparing relevant reports;
5) Maintaining an accurate, up-to-date and detailed electronic database information on
compliance by licensed market intermediaries and other regulated persons with
regulatory requirements;
6) Periodically conducting trend analysis on compliance with regulatory requirements
and maintain an updated database on compliance by licensed market intermediaries
and other regulated persons to inform policy and regulatory reforms;
7) Guiding market intermediaries and other regulated persons on compliance practices
through liaison with their relevant compliance, risk management and internal audit
staff to enhance strong internal control and compliance environments;
8) Conducting research on best practices on market supervision on Anti-Money
Laundering (AML)/Combating the Financing of Terrorism (CFT), beneficial
ownership (BO) and other related relevant international standards;
9) Conducting onsite and offsite inspection activities to licensed market intermediaries
and other relevant regulated persons to ensure their compliance with requirements
from the legal and regulatory framework on Anti-Money Laundering
(AML)/Combating the Financing of Terrorism (CFT), beneficial ownership (BO) and
other related relevant international standards;
10) Undertaking any other duties as may be assigned from time to time.

Market Risk Management
1) Developing and implementing appropriate approved risk management programmes;
2) Conducting onsite inspection of licensed intermediaries and other regulated persons
to evaluate their risk management processes and advise on ways of improvement;
3) Reviewing and evaluating business practices of licensed market intermediaries and
other regulated persons, their operating environment and identify potential risks;
4) Undertaking risk assessments to determine the level of risk in licensed markets
intermediaries, products, issuers of securities and other regulated persons;
5) Undertaking risk profiling and preparing periodic risk profiling reports of licensed
markets intermediaries and other regulated persons to inform proper allocation of
regulatory resources;
6) Identifying potential risks exposures to be targeted for onsite and offsite inspection
activities of licensed market intermediaries and other regulated persons;
7) Applying stress testing models to assess the level of risk in licensed market
intermediaries, products and issuers of securities and other regulated persons to
inform proper allocation of regulatory resources;
8) Undertaking research on best practices and perform trend analysis of licensed
market intermediaries and other regulated persons to inform decision making;
9) Maintaining a comprehensive risk database that includes the risk profiles of the
various regulated entities and their key vulnerabilities;
10)Undertaking any other duties as may be assigned from time to time.

Market Surveillance
1) Developing and implementing surveillance programmes and related work plans;
2) Coordinating and participating in investigative business activities with respect to
suspicious cases of market manipulation, market abuse and other-related regulatory
breaches and making recommendations for further investigations;
3) Coordinating the development and implementation of analytical solutions to enhance
the efficiency of market surveillance business activities;
4) Conducting regular and ad-hoc inspections and investigations on trading activities
and make relevant reports with findings;
5) Conducting and review daily real-time surveillance of the stock exchange automated
trading, commodities/derivatives exchange’s automated trading and CSDs databases
and periodical reviews of executed transactions, and generate reports with
appropriate recommendations;
6) Conducting research on best practices on market surveillance;
7) Undertaking evidence gathering procedures and maintain a comprehensive
surveillance data-base;
8) Developing solutions-oriented relationships with peers at the stock exchange,
commodities/derivatives exchange and CSDs for effective surveillance of the market;
9) Undertaking surveillance activities for cross-listed securities;
10)Undertaking relationship management with licensed market intermediaries, issuers
and other regulated persons as and when assigned;
11)Undertaking any other duties as may be assigned from time to time.

Technical Support to Competent Authorities for Market Investigation
1) Developing and implementing an investor complaints management and alternative
dispute resolution frameworks, and making appropriate recommendations;
2) Undertaking surveillance activities of suspected cases of market manipulation and
abuse and make appropriate recommendations;
3) Undertaking surveillance activities on suspected cases of non-compliance with
requirements from the relevant legal and regulatory framework on Anti-Money
Laundering (AML)/Combating the Financing of Terrorism (CFT), beneficial
ownership (BO) and other related relevant international standards by licensed
market intermediaries and other relevant regulated person, and make appropriate
recommendations
4) Developing and coordinating the implementation of market intelligence gathering
frameworks to facilitate market Investigations and business activities;
5) Coordinating internal and external stakeholders’ engagements on market
investigations matters;
6) Implementing measures to support local, regional and international strategic
partners to promote cooperation in market investigations within the capital markets,
collective investment schemes, commodity exchange and related contracts,
warehouse receipts system, and any other market segments, as may be assigned by
the Law;
7) Facilitate relationships with domestic, regional and international strategic partners
to facilitate successful market investigation within the capital markets, collective
investment schemes, commodity exchange and related contracts, warehouse receipts
system, and any other market segments, as may be assigned by the Law;
8) Determining trends in regulatory breaches and advise on legal and regulatory gaps,
to inform policy and regulatory reforms for effective and efficient investor protection;
9) Establishing and coordinating a records management system for all market
investigations matters;
10)Undertaking any other duties as may be assigned from time to time.

1.3.2. Recognized Qualifications
For appointment to this position, a candidate must have:
1) Bachelor or master's Degree in any of the following fields: Finance, Economics,
Business Administration, Business Law or any other field related to the position;
2) At least four (4) / (2) years of related work experience for Senior Officer/Officer,
please attach evidence;
3) For business-related degrees, professional qualifications in Accounting or Finance
such as ACCA, CPA, CFA or CISI is an added advantage
4) For professional qualifications in Finance or Accounting, membership of a
professional accounting or finance body in good standing such as the Institute of
Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
5) For a law-related degree, professional qualifications in legal practices such as a valid
certification from the Rwandan Institute of Legal Practice and Development (ILPD)
or its equivalent;
6) Meet the requirements of the Statute governing the management of CMA staff.

1.3.3. Skills and Abilities
1) Strong written and verbal communication skills, including the ability to prepare and
present reports or recommendations to the Management and Staff;
2) Excellent computer literacy skills including knowledge of Microsoft Office, E-mail,
Internet, website navigation, and report writing tools;
3) Ability to work independently and as part of a team.

Work Hours: 8

Experience in Months: 96

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.
Interested and qualified candidates should submit their applications online to the following. Applicants must submit the following documents in PDF format:
1) An application letter addressed to the Chief Executive Officer
2) A detailed Curriculum Vitae
3) Copy of academic degree(s) and Certificates
4) Proof of previous relevant working experience
5) Copy of National Identity and/or passport
The deadline for submission of applications is 1st November 2024.
Only shortlisted candidates will be contacted.
Capital Market Authority

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