Dar es Salaam Stock Exchange Chief Executive Officer Job in Tanzania

The Dar es Salaam Stock Exchange (DSE) is a company limited by guarantee, established in 1996 to facilitate the Government’s implementation of the economic reforms and enabling the private sector to raise capital. 

The key role of the DSE in the economy is the mobilization of resources and directing them to the productive sectors of the economy.
 

The Chief Executive Officer
 

The DSE is seeking to recruit a dynamic, experienced and qualified individual to fill the CEO position to effectively and professionally manage the Exchange, following the expiry of the incumbent CEO’s contract. 

The candidate is expected to have the following personal attributes:

• Must be a mature person of not less than 30 years of age;
• Must have exposure in capital markets operations and reasonable knowledge of Stock
• Exchanges operations;
• Must have excellent organizational, communication and interpersonal skills and the ability to interact professionally with diverse groups of stakeholders;
• Must possess strategic and analytical skills;
• Must have a high level of personal integrity and ethical character.

Education and Experience

• Must have a postgraduate degree in Finance, Economics or Business Administration from a recognized University
• Minimum of five years working experience in a senior management position

Responsibilities
 

The DSE would like to recruit a CEO whose duties and responsibilities shall be as hereunder:

• To ensure that the Managers carry on their duties in accordance with his/her directives and any other directives issued by the Council;
• To ensure full implementation of the DSE Strategic Plan;
• To monitor and keep under constant review current developments in the market and to advise the Council on matters affecting the proper functioning of the Exchange and recommend remedial actions;
• To assess and examine the short and long-term development plans of the Exchange and advise the Council on possible new growth areas, opportunities, and /or new services and products;
• To keep under review the evolution of practices in the market both locally and internationally and recommend planned improvements and strategic systems change as necessary;
• To recruit, train and supervise all Exchange employees and others engaged by the Exchange;
• To ensure there is compliance by market professionals to the DSE Rules for the purpose of creating confidence in the market and protecting investors;
• To provide leadership in evaluating companies applying for listing;
• To promote the image of the DSE as a Self-Regulatory Organization;
• To act as Accounting Officer of the Exchange and to be responsible to the Council for the implementation of the financial decisions and control of the finances of the Exchange;
• To ensure adherence of internal controls over revenues and expenditures by every member of staff and existence of safeguards on the Exchange’s physical assets and shall further ensure that proper and accurate accounting records are being maintained;
• To carry other responsibilities as may be as signed by the Council; and
• To perform all other functions as may be necessary or incidental for the proper performance and functioning of the Exchange.

Remuneration
 

The successful applicant will be appointed on a three years contract period, which may be renewed subject to good performance.

The DSE is an equal opportunities organisation and offers a competitive remuneration package commensurate with other industry players.
 

Applications should be accompanied with full detailed curriculum vitae, photocopies of certificates and letters from two referees together with a passport size photo-graph.

Sealed applications should reach the undersigned not later than Friday, 15th February 2013.
 

Applications should be addressed to:
 

The Chairman,
The Governing Council of the Dar es Salaam Stock Exchange,
14th Floor, Golden Jubilee Towers, Ohio Street,
P.O. Box 70081
Dar es Salaam