Consultant for Demutualization of the Ghana Stock Exchange

Job Posting Organization:
The job posting organization is the United Nations, an international organization founded in 1945, with a mission to promote peace, security" style="border-bottom: 1px dotted #007bff !important;">security, and cooperation among countries. The UN has a diverse workforce of over 37,000 employees and operates in more than 190 countries worldwide, focusing on various global issues including human rights, development, and humanitarian assistance.

Job Overview:
The Consultant for Demutualization of the Ghana Stock Exchange will play a crucial role in guiding the transition of the Ghana Stock Exchange (GSE) from a mutual organization to a demutualized entity. This position requires a comprehensive understanding of capital markets and the regulatory environment in which they operate. The consultant will be responsible for conducting a diagnostic review of the GSE’s current structure and governance, reviewing relevant laws and regulations, and benchmarking demutualization experiences from comparable markets. The consultant will also draft comprehensive demutualization guidelines and legislation, provide technical advisory support to the Securities and Exchange Commission, and deliver training to key stakeholders to build their capacity in understanding the demutualization process.

Duties and Responsibilities:
The consultant will be tasked with several key responsibilities, including: conducting a diagnostic review of the GSE’s current structure, governance, and operations; reviewing relevant laws, regulations, and policies governing capital markets in Ghana; benchmarking demutualization experiences from comparable markets; consulting with key stakeholders; drafting Demutualization Guidelines that cover governance arrangements, ownership and control structures, regulatory approvals, transition mechanisms, and post-demutualization oversight; drafting legislation for the demutualization process; identifying legal, operational, financial, and market risks associated with the demutualization and proposing mitigation measures; providing technical advisory and implementation support to the Securities and Exchange Commission; and building the capacity of regulators on policy, legal, regulatory, and operational aspects of demutualization.

Required Qualifications:
Candidates must possess at least 5 years of experience in capital markets, financial sector reform, or exchange governance. Proven experience in drafting and advising on demutualization guidelines is essential. Additionally, experience working with securities regulators, stock exchanges, ministries of finance, or similar public sector financial authorities in Africa or emerging markets is desirable. Strong analytical and communication skills are also required to effectively engage with stakeholders and present findings.

Educational Background:
While the specific educational background is not detailed in the job description, it is typically expected that candidates hold a relevant degree in finance, economics, law, or a related field that supports their expertise in capital markets and financial regulations.

Experience:
The position requires a minimum of 5 years of relevant experience in capital markets, financial sector reform, or exchange governance. Candidates should have a strong track record of working with financial institutions and regulatory bodies, particularly in the context of demutualization processes.

Languages:
Fluency in English is required for this position, as it is one of the working languages of the United Nations. Proficiency in French is also beneficial, as it is the second working language of the UN Secretariat. This bilingual capability will enhance communication with a broader range of stakeholders in the region.

Additional Notes:
The expected duration of the consultancy is 5 months, and the position is based in Addis Ababa, Ethiopia. The United Nations encourages applications from women and persons with disabilities, promoting inclusivity in the recruitment process. Importantly, the UN does not charge any fees at any stage of the recruitment process, ensuring that all candidates can apply without financial barriers.