Senior RBS Advisor
$98,883–$106,486 year
On-siteProvidenciales, Turks and Caicos Islands
Providenciales, Turks and Caicos IslandsOn-siteFull Time$98,883–$106,486 yearSenior LevelMasters Degree
Full TimeSenior LevelMasters Degree
Job Summary
Update and monitor the Commission's strategy for transitioning to a risk-based supervisory framework across all financial sectors. Lead the risk-based supervision working group, coordinate policy development for manuals and guidelines, and liaise with internal and external stakeholders on implementation progress. Review staff work for content accuracy, provide training on risk assessments, and ensure consistent application of the RBS framework. Prepare monthly project reports and identify resource requirements to meet tight deadlines. Manage the transition while traveling internationally for meetings and conferences.
Required Qualifications
- Master's degree in accounting/finance/economics or a related discipline
- Bachelor's degree plus a professional certification (such as Financial Risk Manager (FRM), Certified Financial Analyst (CFA) or Certified Chartered Accountant – ACCA, CPA); or other relevant or comparable professional qualifications/certifications
- Training in Risk Based Supervision, regulation and supervision of the financial sector facilitated by recognized regulatory bodies/agencies
- At least seven years working experience as a financial sector regulator
- At least three years supervising, coaching, and managing other regulatory/supervisory Analysts
- Experience implementing a risk-based supervision methodology for the regulation, monitoring and supervision of financial institutions across the financial industry
- Experience developing of policies, manuals and guidelines for the supervision and regulation of financial institutions to ensure compliance with international regulatory standards, and financial sector regulation/legislation
- Experience developing risk management policies and guidelines to provide prudential guidance to financial institutions in mitigating risks (Credit, Operational, Market, Strategic, Compliance, etc)
- Experience assisting in the development of a risk-based methodology for the monitoring and supervision of money laundering and financing of terrorism risk
- Experience conducting training in financial risk management and risk assessment for prudential surveillance and monitoring using a risk-based approach
- Experience assessing financial risks under a risk-based supervision methodology
- Experience assessing the macroeconomic environment in determining the possible impact on financial instruments, products, services and risk profiles of financial institutions
- Experience developing a consolidated supervision methodology in the financial sector
- Sound knowledge of Financial Sector Laws and Regulations, Anti-Money Laundering and Terrorist Financing Laws and Regulations, and Companies Law
- Sound knowledge of accounting principles and standards (IFRSs and IASs), inclusive of the new IFRSs, particularly as they relate to recognition and measurement of financial assets, liabilities and instruments
- Sound knowledge of risk assessment and risk management
- Sound knowledge of business, finance practices and financial management
- Sound knowledge of financial institutions' operations and practices, and general developments in the financial sector
- Working knowledge of the International Organization of Securities Commissions (IOSCO) Standards, Basel Core Principles for Bank Supervision, the Insurance Core Principles, the Financial Action Task Force (FATF) Recommendations and Standards, and other financial sector international regulatory and supervisory standards
- Working understanding of IT systems and the use of such technologies in the financial services industry
- Knowledge and understanding in the supervision and regulation of financial institutions
- Strong critical thinking, conceptual, interrogative, and analytical skills
- Strong financial analytical skills to read and interpret financial data, financial statements and economic indicators to identify risk trend
- Strong report writing skills to be able to produce critical and technical reports for internal and external users and publication
- Strong oral communication skills to conduct meetings and communicate effectively with internal and external stakeholders
- Strongly skilled at reviewing policy proposals and providing critical feedback
- Strong leadership qualities to effectively work independently, plan, manage and organise the working group, contribute to strategic decisions, make recommendations and question proposals and/or the status quo
- Ability to operate computers using applications such as the Microsoft Office Suite, particularly Microsoft Excel
- Required to meet tight deadlines
- Required to work beyond normal working hours, when necessary
- Travel to regulated institutions to conduct reviews, examinations or attend meetings
- International travels for training, meetings, and conferences
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