Senior Supervision Officer II

Ethiopian Capital Market Authorityis established by Capital Market Proclamation No 1248/2021 as an autonomous Federal Regulatory Authority. One of the major objectives of ECMA is to ensure the existence of a capital market environment in which securities can be issued and traded in an orderly, fair, efficient manner. ECMA, as a regulatory authority, grants licenses to any person to operate as a security exchange, derivative exchange, security depository and clearing company, capital market service provider, over-the-counter trading facility or any other activity deemed by ECMA as a regulated activity under its jurisdiction. ECMA regulates and oversees trading in primary and secondary markets of securities, the use of electronic trading platforms that deal with securities and gives recognition and oversees the activities of self-regulatory organizations.

Job Summary

• The job holder is responsible for ensuring the proper functioning, integrity, and compliance of capital market service providers and other regulated market participants within the jurisdiction of the Authority.

Specific Duties and Responsibilities

• Conduct pre-certification inspection
• Monitor and supervise market activities, including trading, transactions, and participant behavior, to maintain integrity and investor confidence
• Conduct both onsite and offsite examinations to ensure market participants adhere to regulatory rules and requirements, detecting and addressing potential violations with Investigation and enforcement department
• Conduct surveillance activities to identify unusual trading patterns, potential market manipulation, and insider trading
• Lead investigations into suspicious activities or potential violations, collecting evidence and collaborating with legal teams
• Prepare accurate and timely reports on market surveillance findings and regulatory compliance for internal use and external stakeholders
• Collaborate with market participants, legal experts, and other relevant parties to ensure effective oversight and compliance
• Recommend and implement appropriate enforcement actions in response to violations, working closely with regulatory investigation and enforcement department
• Evaluate potential risks to market integrity and propose risk management strategies to mitigate them
• Contribute to the development and enhancement of market surveillance policies and procedures
• Utilize advanced technology tools and systems to enhance market surveillance capabilities
• Analyze market data and trends to identify potential irregularities or patterns requiring investigation
• Collaborate with Investigation and Enforcement department for further exploration
• Provide guidance and advice to intermediaries on compliance matters, regulatory requirements, and best practices.
• Performs related works as required