Evelyn Mbithi

• Providing technical leadership and strategic direction in the supervision of regulated entities
• Guiding the supervision team in ensuring intermediaries are in compliance with capital market legal framework as well as ensuring fair and transparent market through conducting real time surveillance on trading at the Nairobi securities exchange
• Overseeing the design and implementation of programs to address market risk as well as oversight of market infrastructures deployed by regulated persons
• Overseeing the design and implementation of surveillance strategies and programs to detect and deter regulatory breaches
• Coordinating supervision activities on alternative markets including trading platforms and other market infrastructure
• Overseeing real time surveillance of the NSE trading activities as well as settlement at the central securities depository
• Coordinating the implementation of quality management systems and manage risks within the Department
• Maintaining relations with key stakeholders to provide appropriate understanding of the Authority ’ s regulatory standards and policies
• Reviewing inspection programs for intermediaries , Securities Exchanges, Central Securities Depositories
• Helping management develop employee improvement plans and motivate team members to continually improve.

• Reviewing inspection reports , compliance reports , daily surveillance reports and other departmental reports for quality assurance
• Providing oversight on setting up supervision on commodities market this being a new product in the Kenyan capital market
• Led the stress testing team to carry out the first stress test for the central depository in Kenya
• Providing oversight in monitoring compliance with AML guidelines through offsite and onsite supervision
• Developed short-term goals and long-term strategic plans to improve risk control and mitigation.
• Assessment of liquidity and market risk levels, liabilities and business activities and applied risk-based approach to oversee efficiency of controls
• Led the Market supervision team in streamlining AML CFT risk assessment tools to facilitate standalone AML inspections
• Advising the technical committee at CMA on matters risk and supervision, as well as supporting legal framework team in review of regulations to match market practices
• Planning and coordinating implementation of supervision programs for market intermediaries, securities exchange, derivatives exchanges, central securities depository among other regulated entities
• Providing guidance and oversight on risk assessment to intermediaries and issuers
• Profiling of intermediaries in order to focus resources on areas that contribute high risk to the objectives of the Authority
• Monitoring continuous reporting obligations for intermediaries and issuers
• Liaising with Risk & Market Infrastructure personnel in designing and implementation of risk-based supervision methodology and related infrastructure
• Produced and filed reports to inform senior management of current activities and progress with supervision, risk management and compliance.
• Mentoring, coaching and undertaking performance appraisal for staff in the division

Key Achievements

• Championed overhauling process of the CMA Kenya risk profiling instruments where my responsibility was to guide the consultant on identifying relevant risks and controls for all capital market intermediaries
• Led several joint inspection teams with NSE Kenya & CDSC Kenya to inspect capital market stakeholders in Kenya
• Supported the CMA legal framework review team in overhauling collective investment schemes regulations, conduct of business regulations as well as the public offers regulations
• Led a joint team of CMA Kenya & CMA Uganda to inspect the Uganda securities exchange and Uganda Central Depository
• Assisted CMA uganda to build staff capacity on risk based supervision, including participating in a workshop to guide them on developing a risk profiling tool
• Represented CMA Kenya in the EAC risk based supervision implementation committee where my responsibility was to guide the consultants on Kenyan securities market practices and structure having been chosen as the benchmark for the East Africa region
• Represented CMA Kenya in the implementation of the CBK, CDSC settlement process committee where our responsibility was to evaluate the risks that may emanate from the new process and identifying the necessary risk management measures

• Providing guidance and advice to market intermediaries on compliance practices through close liaison with the market participant’s compliance staff, risk and internal audit to ensure strong internal controls and compliance environment
• Conducting onsite and offsite inspection activities in accordance with risk-based supervision methodologies and approved plans
• Conducting risk profiling activities for regulated persons and prepare reports
• Supporting implementation and tracking of supervision programmes within the section to ensure compliance
• Providing guidance to regulated persons on compliance practices through liaison with their compliance , risk management and internal audit staff to inculcate strong internal control and compliance environment
• Identifying risks and mitigation strategies for the Section in line with the Authority’s Enterprise Risk Management Framework
• Collaborated with legal, investigation and enforcement team, financial analysis team, approvals team and other professional teams to review and maintain compliance with regulations.

Key achievements

• Sphere headed the transitioning of CMA supervision regime from compliance based to risk based supervision
• Worked with the ISC consultants to come up with risk based supervision tools for CMA Kenya
• Reviewed fund managers and investment advisers risk management tool, customizing the same to reflect the relevant key risks and supported supervision team to to implement
• Drafted relationship management policy for market supervision staff as well the CMA staff trading policy
• Drafted the current Market supervision onsite inspection manual, trained market supervision staff on application and sphere headed implementation of the manual
• Part of the capital markets technical team which reviewed the CMA Kenya SLB ( Securities lending & borrowing ) regulations as well as CDSC SLB ( securities Lending and borrowing ) operational procedures
• Participated in review of numerous new listings in the capital markets including the first green bond issued in Kenya by Acorn in January 2020

• Monitoring issuers at the exchange and intermediaries to ensure compliance with the exchange rules, listing and trading requirements as well as exchange membership requirements and conduct
• Monitoring and following up to ensure issuers meet their continuous listing obligations including disclosures on periodical financial information and general disclosures
• Instituting investigations on suspected malpractices among fraudulent members, and monitoring the market as a whole for any irregularity by market players in liaison with the surveillance department
• Timely review of listed companies ’ announcements to ensure compliance with NSE and CMA regulations on information assimilation
• Review of relevant information sources for material announcements by listed companies and follow-up
• Monitoring and production of weekly reports on the department’ s Key Performance Indicators and projects status
• Processing private transfers (OTC), mergers and estate transmission documents to confirm authenticity of documents provided and ownership

Key achievements

• Part of the team that set up the current central depository where we facilitated transfer of all certificates and other documents of ownership to the system
• Part of the team that assisted in setting up data in the NSE automated trading system (ATS) including testing of the system, transitioning from manual trading to automated trading at the exchange