Consultant to Develop Guidelines for Demutualization

Job Description

Result of Service

The final output of services are the followings: – Inception Report: Outlining the detailed work plan and methodology.

– Draft Demutualization Guidelines: Comprehensive draft guidelines for the demutualization of the stock exchange – Draft legislation for the demutualization.

– Technical workshop: Delivery of training to key stakeholders.

– Final Guidelines: Incorporating feedback from stakeholders and finalizing the guidelines.

– Implementation Support Report: Documenting technical advisory and support provided to the Securities and Exchange Commission in operationalizing the demutualization framework, including transition guidance, implementation tools and templates developed.

Work Location

• Addis Ababa

Expected duration

• 5 Months

Duties and Responsibilities

Under the supervision of the Chief, Finance and Domestic Resource Mobilization Section, of the Macroeconomic, Finance, Governance and Planning Division, ECA, the Consultant will be responsible for the following:

• – Conduct a diagnostic review of the GSE’s current structure, governance, and operations – Review relevant laws, regulations, and policies governing capital markets in Ghana.
• – Benchmark demutualization experiences from comparable markets
• – Consult with key stakeholders
• – Draft Demutualization Guidelines for the Ghana Stock Exchange, covering governance arrangements, ownership and control structures, regulatory approvals, transition mechanisms and post demutualization oversight.
• – Draft legislation for the demutualization. Identify legal, operational, financial, and market risks associated with the demutualization process and propose mitigation measures.
• – Provide technical advisory and implementation support to the Securities and Exchange Commission in operationalizing the demutualization framework, including guidance during the transition process and development of implementation tools.
• – Build capacity of the regulators, on policy, legal, regulatory and operational aspects of demutualization to enhance understanding and build expertise.

Qualifications/special skills

• – At least 5 years of experience in capital markets, financial sector reform, or exchange governance is required.
• – Proven experience in drafting and advising on demutualization guidelines is required.
• – Experience working with securities regulators, stock exchanges, ministries of finance, or similar public sector financial authorities in Africa or emerging markets is desirable.

Languages

• English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in English is required.

Additional Information

Women and persons with disabilities are encouraged to apply. As per the UN Convention on the Rights of Persons with Disabilities, do you identify as a person with a disability? If Yes, please specify if you need any reasonable accommodation to support your participation in the recruitment and selection process?

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.