The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is the Botswana parastatal regulator responsible for the stability, fairness and efficiency of all non-banking financial entities registered in Botswana, including the multiple participants operating in the local capital markets.
NBFIRA is seeking an experienced and proactive individual to take on the senior management responsibilities of Director of Capital Markets to oversee the effective operation of its core business in the regulation and supervision of the rapidly expanding local capital markets operators and participants. This is a full time position with a government agency requiring both technical experience and personnel management skills.
Reporting directly to the Deputy CEO, the Director of the Capital Markets Division will lead a team in the development and review of the regulatory framework for capital markets and ensure that NBFIRA risk-based supervision policies and regulations are in line with international best practices.  The Director will also manage a staff in charge of ascertaining compliance with established rules and regulations by the capital markets entities under supervision.

CORE ACTIVITIES AND ACCOUNTABILITIES
Makes an input into the development of Strategic Plans and institutional capacity for NBFIRA and oversees smooth implementation;
Develops and manages divisional budget budget in line with set guidelines;
Effectively manages and develops the department’s human capital, instilling a high performance culture in order to achieve the Authority’s strategic objectives;
Leads in the development and review of the regulatory framework for Capital Markets in order to create an efficient, orderly and fair market;
Leads in the development and review of consumer protection and public awareness policies in order to ensure consumer and public confidence in the markets;
Develops and Reviews fee and levy structures and makes recommendations to senior management and Board of Directors
Develops and manages the divisional budget in order to ensure optimal resource utilisation;
Ensures that new products/services are thoroughly screened prior to granting or recommending approval in order to ensure market stability;
Reviews licensing applications and recommends approval to the Deputy Chief Executive and/or the Board;
Builds sustainable business relationships with key stakeholders in order to promote the business of the Authority;
Interacts with international and regional financial regulatory authorities to broaden one’s knowledge and to keep abreast of developments in the markets;
Undertakes such other related duties as directed by the supervisor.

EXPERIENCE AND QUALIFICATIONS
The ideal candidate will demonstrate the requisite technical abilities as well as direct personal experience working in capital markets or other financial services businesses. Professional experience within a regulatory environment employing risk-based supervision practices will be considered a definite plus. Critical competencies for this senior management position include:
- Professional qualifications and appropriate experience in the fields of finance, regulation and compliance environment
- Demonstrated abilities as a strong manager, motivator and team builder
- Strong analytical and numerical reasoning ability;
- Excellent negotiation, communication (both written and oral) and interpersonal skills
- Good professional judgment with quick decision-making and problem solving skills
- Advanced Degree in Finance, Accounting, Law, Business Management or related field
- Integrity and high ethical / moral standards

An initial two to three year employment contract with a competitive local salary and benefits package corresponding to established government guidelines will be offered to the successful candidate.

TO APPLY
Eligible and interested candidates should send their CV to recruitment@nbfira.org.bw  quoting the reference number DCM 1269 in the subject box. Closing date for applications is 1 February 2012. Correspondence will be limited to short listed candidates.

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