Manager, Membership Regulation and Supervision

Job Description

The Manager will play a key role in managing and analyzing membership applications, ensuring compliance with regulatory requirements, and providing ongoing support to trading members. This role requires a deep understanding of capital markets, strong analytical skills, and the ability to manage relationships with diverse stakeholders. 

Job Requirements

Key Responsibilities 

Membership Admission and Administration 

• Lead and oversee the admission, certification, renewal, and ongoing administration of Trading Members and Registered Individuals in accordance with the ESX Rulebook and applicable regulatory requirements. 

• Review and assess applications for Approval In Principle  (AIP) status, full Trading Membership, membership renewal, and other membership-related requests, and submit recommendations to the relevant approving authorities. 

• Coordinate the assessment of applicants' organizational structure, governance arrangements, key personnel, financial standing, operational capacity, and readiness to participate in the Exchange's markets.  

• Maintain accurate and up-to-date membership records and monitor changes in Trading Members' ownership, management, key personnel, contact details, and other material information.

Regulatory Supervision and Compliance Monitoring

• Develop and implement supervisory plans and programmes, including periodic, thematic, and ad hoc inspections, to assess Trading Members' compliance with the ESX Rulebook and applicable regulatory requirements. 

• Conduct off-site supervision through the review and analysis of periodic regulatory returns, financial statements, compliance reports, and other mandatory submissions by Trading Members. 

• Assess Trading Members' financial soundness and compliance with applicable capital, liquidity, and financial resource requirements, and identify any developments that may affect their ability to meet membership obligations. 

• Monitor Trading Members' corporate governance, internal controls, risk management, compliance arrangements, and overall organisational capacity. 

• Assess compliance with operational and market-related requirements, including trading arrangements, client account management, order handling, record keeping, and settlement obligations. 

• Identify emerging supervisory risks, assess the adequacy of Trading Members' control frameworks, and recommend appropriate supervisory interventions where necessary. 

Enforcement and Regulatory Case Management

• Review and assess complaints, regulatory breaches, potential misconduct, and other matters involving Trading Members and Registered Individuals. 

• Conduct or coordinate regulatory inquiries and investigations, gather relevant information, assess evidence, and prepare findings and recommendations in accordance with the applicable procedures. 

• Prepare regulatory assessment reports, violation memoranda, and recommendations for corrective, disciplinary, or enforcement action, as appropriate. 

• Monitor the implementation of corrective actions, undertakings, and other regulatory measures imposed on Trading Members, and follow up on outstanding compliance deficiencies. 

• Maintain records of regulatory cases, violations, enforcement actions, and remedial measures, and identify recurring issues requiring further supervisory attention.

Regulatory Guidance and Member Relations

• Provide guidance and clarification to Trading Members on the interpretation and application of the ESX Rulebook, membership requirements, supervisory procedures, and other applicable regulatory obligations. 

• Coordinate and deliver training, orientation, and regulatory awareness programmes for Trading Members and their relevant personnel to promote understanding of Exchange rules and compliance expectations. 

• Communicate regulatory updates, supervisory observations, and relevant compliance expectations to Trading Members and follow up on matters requiring their attention. 

• Facilitate engagement with Trading Members to address membership and supervisory matters and promote consistent understanding and application of regulatory requirements. 

Reporting and Performance Management 

• Prepare and submit periodic membership and supervisory reports to management, relevant committees, and regulatory authorities, highlighting membership developments, supervisory activities, compliance findings, and recommended actions. 

• Monitor the submission of regulatory reports and other required information by Trading Members, identify delays or deficiencies, and ensure appropriate follow-up. 

• Develop and implement the unit's work plans, monitor performance against agreed objectives and key performance indicators, and report on progress and operational challenges. 

• Oversee the allocation of work, provide technical guidance to unit staff, and support staff development to ensure effective delivery of the unit's responsibilities. 

Qualification 

• Bachelor’s degree in law, or other related fields.  

• Minimum 7 years experience in the areas mentioned above or other related fields. 

Skills 

• Excellent understanding of the capital markets regulatory framework and trading regulations. 

•  Proficient in data analysis tools and software. 

•  Excellent communication and interpersonal skills, with the ability to interact effectively with diverse stakeholders, including senior management, trading members, and regulatory authorities. 

• Ability to work independently and collaboratively in a fast-paced, dynamic environment. 

• Proficiency in MS Office Suite and other relevant software applications. 

Competencies  

• Attention to Detail: Ensuring accuracy in documentation and compliance processes. 

• Problem-Solving: Identifying issues and developing effective solutions. 

• Integrity: Maintaining high ethical standards and confidentiality. 

• Collaboration: Working effectively with team members and external stakeholders. 

• Adaptability: Adjusting to new challenges and regulatory changes. 

Working Conditions 

• This is a full-time position based in Addis Ababa, Ethiopia. 

• Occasional travel may be required for training sessions, workshops, and meetings with trading members. 

How to apply 

Interested and qualified applicants are invited to apply by sending a PDF form of your revised CV and an application letter via ethiojobs.net.