SEC Nigeria Recruits into 2 Major Administrative Positions, Please Click to view and Read more Details to Apply
The Securities and Exchange Commission (SEC), Nigeria is the
apex regulatory institution of the Nigerian capital market supervised by the
Federal Ministry of Finance.
The Commission has evolved over time having started with the
establishment of the Capital Issues Committee in 1962 by the government as an
essential arm of the Central Bank of Nigeria. This was purely an ad-hoc, non-statutory
committee, which later metamorphosed into SEC in 1979, following a
comprehensive review of the Nigerian financial system, with the promulgation of
SEC Decree No. 71 of 1979. Successive reviews of this earlier enactment led to
the introduction of a new legislation, the Investments and Securities Act (ISA)
No 45 of 1999. The ISA No. 45 of 1999 was repealed with the
promulgation of the ISA No. 25 of 2007, which gives the Commission its current
power.
This legislation further enlarged the powers of the Nigerian
SEC, while saddling it with the dual responsibilities of:
·
Regulating the capital
market with a view to protecting investors; and
·
Developing the capital
market in order to enhance its allocative efficiency, and pave the way for a
private sector led economy.
The Act also empowers the Commission with a board of nine (9)
members including the Chairman, the Director General, three Executive
Commissioners, two Non-Executive Commissioners, Representatives of the Federal
Ministry of Finance and Central Bank of Nigeria.
The origin of the Securities and
Exchange Commission dates back to 1962, when an ad hoc consultative and
advisory body, known as the Capital Issues Committee, was established under the
aegis of the Central Bank of Nigeria (CBN).
Its mandate was to examine applications from companies seeking to raise
capital from the capital market and recommend the timing of such issues to
prevent issues clustering which could overstretch the market’s capacity. The
Committee operated within the Central Bank of Nigeria unofficially as a capital
market consultative and advisory body with no regulatory framework.
An increase in the level of
economic activities, coupled with the promulgation of the Nigerian Enterprises
Promotion Decree in 1972, necessitated the establishment of a body backed by
law to regulate capital market activities hence the creation of the Capital
Issues Commission to take over the activities of the Capital Issues
Committee. The Capital Issues Commission
was established with the promulgation of the Capital Issues Commission Decree
in March 1973.
The new body had a board of nine
(9) members, including a representative of the Central Bank of Nigeria who
served as Chairman, while the other eight (8) members were drawn from some
Federal Ministries, the industrial and financial sectors of the economy.
The Securities and Exchange
Commission is the apex regulator of the Nigerian capital market. Our vision is
"to become the leading capital market regulator in Africa" while our
mission is "to develop and regulate a capital market that is dynamic,
fair, transparent and efficient to contribute to the nation's economic
development". To achieve our vision and mission, we are always searching
for the best and brightest talents to help strengthen our team in order to
serve our stakeholders better. In searching for talents, we would normally
target the following core disciplines:
Accountancy
Law
Economics
We also target other disciplines
like Information Technology, Business Administration and the Humanities, from
time to time. Candidates will normally go through a structured competency
assessment centre where the technical and behavioural competencies most
relevant to the vacancy are assessed. We ONLY make offers to candidates who
meet our requirements. Whether you are a fresh graduate, young professional or
experienced hire, working with SEC offers you:
opportunity to make a difference
for investors in Nigeria
exciting and challenging work
opportunity to contribute to the
future of investing in Nigeria
training, compensation and work
life balance
Job Title: Chief Ethics Officer
Requirements:
·
Minimum of 20 years
relevant experience (Advanced degrees an advantage)
·
Corporate governance
knowledge and experience a must
·
Strong conviction
about right & wrong and proven track record of strong ethical conduct
·
Strong desire to
ensure that the interests of all parties are protected in all that the
Commission says and does.
·
Strong Leadership
and people management skills
·
Relevant IT skills
*Retired judges and
ex-intelligence corps members are strongly encouraged to apply.
Job Title: Ethics Officer
Requirements:
·Minimum of 10 years
relevant experience (Advanced degrees an advantage)
· Corporate governance
knowledge is a must
· Strong conviction
about right and wrong & proven track record of strong ethical conduct
·
Good team working
skill
·
Relevant IT skills
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