Technical Advisor (Strategy - ECX), Addis Ababa, Ethiopia

Background

Mission Statement

The Ethiopian Commodity Exchange (ECX) is a new initiative for Ethiopia. The vision of ECX is to revolutionalize Ethiopia's tradition bound agriculture through creating a new market place that serves all market actors, from small holder farmers to traders, possessors, exporters and consumers. The ECX is a unique partnership of different market actors, members of the exchange and the main promoter, the government of Ethiopia. ECX creates opportunities for un paralleled growth in the commodity sector and linked industries, such as transport, and logistics, banking and financial services and others.

ECX assures all commodity market players the security they need in the market through providing a secure and reliable End-to –End system for handling grading and storing commodities, matching offers and bids for commodity transactions, while serving all fairly and efficiently. ECX creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading , warehousing , payment and delivery and business conduct and through an internal dispute settlement mechanisms. ECX provides market integrity at three important levels, the integrity of the product itself, the integrity of the transaction and the integrity of market actors.

ECX Management

The Proclamation governing the exchange states that its management will operate on an independent and professional basis, on commercial terms. The senior management of the ECX will be composed of a chief Executive Officer and Officers in different fields of specialization. In order to enhance the success of this new and strategic initiative ECX was being managed by a team of internationally recruited top caliber professionals, with deep domain of knowledge with experience of working conditions in Ethiopia The government of Ethiopia has committed to an ECX transition plan in which an international management transition team shall manage the exchange and build internal capacity for a period of 3 years, alongside top notch nationally recruited staff. Upon the request of Ethiopia the United Nations Development programme (UNDP) has been providing funds and recruited an international management team of 6 professionals since July 2008.

In view of further consolidating the capacity of the ECX to contribute to a vibrant marketing and private sector development and realization of the Growth and Transformation agenda of the Ethiopian government, UNDP agreed to the request of the Ethiopian Government to extend its support to ECX till Dec 31, 2013 through assignment of international advisors in order to support the transition plan of the ECX board.

The Composition of the international management team includes

1) Chief Technical Advisor

2) Technical Advisor, Information Technology

3) Technical Adviser, Market Dissemination

4) Technical Advisor, Compliance and Enforcement

5) Technical Advisor, Strategy

The international management team will work closely with a pool of national experts with a view of transferring functions over a period of 2 years.

Duties and Responsibilities

Under the direct supervision of the Chief Technical Advisor, the Technical Advisor - Strategy, will be responsible for the following:

Policy advisory

• Business strategy formulation and strategic planning for the Exchange over the short to medium term.
• Branding, corporate communications, marketing, membership recruitment.
• Proposals for restructuring or re-alignment, for corporate planning, capital injections, and strategic alliances with global exchanges.

Management

• Management of sales team to recruit and work with Members of the Exchange
• Management of communications and marketing team to develop communications campaign, publications, and branding and other outreach activities
• Management of market research team to undertake studies of new commodity sectors and scope for additional membership

Planning

• Performance tracking and identification of strengths, challenges, and opportunities affecting the health and viability of the enterprise, for business development initiatives including new contracts, new products, new offerings, and new members.

Coordination, Networking, Capacity Building

• Work closely with Trading Operations unit to ensure that business strategy is smooth and progressing as planned and to determine readiness for new products
• Work closely with Compliance and Risk Management officers to determine readiness and risks associated with launching new Members, introducing new types of contracts, or new commodities.

Competencies

Communication

: Is able to present information clearly and persuasively; seeks out the ideas and views of others; is adaptable but consistently professional, concise and engaging; ensures that messages are understood and that input from others has been heard.

Results / Quality Orientation

: Is able to set high standards and maintain the commitment, motivation and energy to achieve them while at the same time ensuring high quality of programs and services.

Adaptability / Behavioral Flexibility

: makes decisions in sometimes ambiguous circumstances; tailors procedures to different people, situations, and issues. Adjusts strategies and behaviors as new information becomes available and as priorities change.

Team Work

: works collaboratively with others, demonstrating commitment to achieve group objectives, understanding the needs and goals of others and adapting own views and behavior when appropriate.

Required Skills and Experience

Education

• Masters degree in Finance, Communications, Business Management, Economics or related fields.

Experience

:

• Minimum 10 years of progressively responsible work experience in business process, business architecture, with good knowledge of accounting/ auditing, and commodity or securities trading.

Language Requirements

:

• Fluency in English

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.