SEC advertises DG post

By Shabiya Ali Ahlam

The Securities and Exchange Commission (SEC) has begun a fresh exercise to find a suitable fulltime candidate for the post of Director General (DG).

The capital markets regulator placed advertisements in national media yesterday giving interested candidates time till 30 April to respond.

The executive DG post had been largely vacant since November 2011 when longstanding official Malik Cader moved out, whilst Prof. Hareendra Dissabandara functioned in an acting capacity since April last year. He was made DG for a temporary period until next month, whilst he has also announced his resignation.

Despite advertising twice previously, a suitable candidate has remained elusive for the SEC DG post.

As per the latest vacancy notice, the suitable candidates should posses a degree from a recognised university in the field of law, finance, economics, management or business administration.

While work experience is required in the relevant field at top managerial level in the Government or private sector, applicants with an equivalent professional qualification from a recognised institution along with 10 years of work experience will be considered. Meanwhile those who do not possess a post graduate qualification must have 15 years of work experience, according to the SEC.

For the post of DG, the SEC is seeking a candidate who is articulate, analytical and well-equipped with excellent writing and presentation skills. Along with well-developed interpersonal and management skill, applicants are expected to demonstrate a balanced outlook. The SEC states that regulatory experience and negotiation skills will be a distinct advantage.