Head of Technology and Digital Innovation

JOB VACANCY ANNOUNCEMENT

Background

Capital Market Authority (CMA) is a specialised organ established by Law No.057/2021 bis of 18/09/2021 with dual mandate of developing and regulating the capital market industry, commodities exchange and related contracts, warehouse receipts systems and collective investment schemes. It operates under the supervision of the Ministry of Finance and Economic Planning (MINECOFIN).

CMA is an active member of the East African Securities Regulatory Authorities (EASRA, and an associate member of the International Organization of Securities Commissions (IOSCO).

JOB DESCRIPTION

HEAD TECHNOLOGY AND DIGITAL INNOVATION

Job Purpose

Reporting to the Chief Executive Officer, the Head – Technology and Digital Innovation is responsible for providing leadership, strategic direction and oversight in the development, implementation, monitoring and review of CMA’s technology, digital innovation, market infrastructure, fintech and data analytics policy and strategy to enhance CMA’s business operations as well as facilitating the development and oversight of markets infrastructure.

Job Functions

• Leading the development and execution of the Technology and Digital Innovation, Market Infrastructure, Fintech and Data Analytics strategies that support the overall CMA strategic plan.
• Coordinating the Development, reviews, and implementation of appropriate policies, strategies and governance frameworks that promote and support the adoption of Financial Technologies (Fintech), market infrastructure platforms, advanced data analytics and other digital innovations tools that have the potential to accelerate the market development and oversight;
• Advising CMA’s Management on digital transformation and emerging technologies, strategic systems and integrations in support of the Authority’s strategic objectives; and
• Directing and harnessing the capabilities of the Department of Technology and Digital Innovation in order to achieve the strategic aspirations of the Authority.

Job Specifications

The duties and responsibilities entail:

• Leading the development and execution of Technology and Digital Innovation, Market Infrastructure, Fintech and Data Analytics strategies that support the overall CMA strategic plan.
• Coordinating the development, reviews and implementation of appropriate policies, strategies and governance frameworks that promote and support the adoption of Financial Technologies (Fintech), market infrastructure platforms, advanced data analytics and other digital innovations tools that have the potential to accelerate the market development and oversight;
• Promoting, empowering and providing guidance to regulated and unregulated Fintech companies to develop innovative solutions that deepen the market, and assist them to understand the regulatory framework and supervisory approaches in collaboration with relevant departments.
• Collaborating with the management team to understand data requirements to support business goals, define KPIs and ensure reports and data visualization tools are implemented to support CMA in data driven decision-making.
• Collaborate with systems vendors, partners, local, regional and international stakeholders to drive innovative ideas and systems integration processes.
• Participating in the preparation, review, validation and implementation of national and regional projects, policies and strategies pertaining to technology and digital innovations.
• Continuously advising CMA’ s management on digital transformation and emerging technologies, strategic systems and integrations in support of the Authority’s strategic objectives.
• Coordinating the development and implementation of the Authority’s IT and digitalization strategy to booster automation of appropriate functions, business processes and services and to ensure IT systems are effectively supporting functional operations and scalable in line with CMA’s statutory mandate and strategic objectives;
• Leading the development, implementation and maintenance of IT infrastructure, IT service management, information security policies and data protection and privacy policies and delivering effective support and training on the usage of IT systems.
• Overseeing and coordinating execution of IT resources, operations and projects from the planning to the implementation phase to ensure value for money and return on investment;
• Leading the technology and digital innovation team of staff and consultants in a manner that empowers them to be creative and innovative to deliver high standards of performance.
• Developing, coaching, motivate and appraising staff performance in the Directorate.
• Stay abreast of emerging technologies, industry trends and best practices, and provide recommendations for adoption and improvement.
• Undertake any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

• Master’s Degree in any of the following fields: Information Technology, Computer Science, Computer Engineering or any other field related to the position;
• At least eight (8) years of working experience in IT; please attach evidence
• At least six (6) years’ experience in managerial position; please attach evidence
• Good understanding and usage of best-in-class Software Development Methodologies (Agile, Scrum, SDLC, DevOps, etc.) and various technology stacks.
• Demonstrating experience in database and applications administration, business process re-engineering, business continuity management and disaster recovery plans.
• Certification in any information technology services management (e.g., ITIL); information technology systems, network and security administration (e.g., MCSE, CCNA, CCNA Security); / and /or in information security management systems;
• Good knowledge of Financial Technologies (Fintech) and their underlying technologies including blockchain, artificial intelligence, machine learning and data analytics.
• Understanding of the usage of various blockchain concepts including but not limited to public and private blockchain, tokenization, cryptocurrency, smart contract, encryption, private and public key, crypto mining, crypto staking, etc will be an added advantage.
• Knowledge about financial markets and financial market infrastructure will be an added advantage.
• Meet the requirements of the Statute governing the management of CMA staff.

Skills and Abilities

• Strong written and verbal communication skills, including the ability to prepare and present reports or recommendations to the Board, Management and Staff;
• Ability to work independently and as part of a team; with strong collaboration, negotiation, and teamwork skills.
• Strong leadership and engagement capabilities including decision making, team building, training and development.
• Ability to build and motivate high-performing teams and foster a culture of collaboration and continuous leaning and improvement.
• Analytical and strategic thinking and problem-solving abilities
• Highly organized, results driven, self-starter, creative and innovative
• Passion for technology and innovation

Application procedure

Interested and qualified candidates should submit their applications online to the following email: recruitment@cma.rw. 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 1^st November 2024.

For more details, please refer to CMA website https://www.cma.rw/ under careers.

Capital Market Authority