Reporting to the Examiner-in-Charge, Financial Institutions Supervisory Division, the successful candidate will be responsible for:

1. Contributing to the development and maintenance of the risk profile of a licensed deposit taking institution, and the financial conglomerate to which it belongs, by working as part of the examination team to undertake the following activities:
2. Utilizing analytical tools and sound judgement to prepare and update the Business and Financial Profile of both the assigned DTIs and financial conglomerates by:
   • Assessing trends and developments in the macro-economic environment, financial industry and determine the likely impact of the licensees,
   • Reviewing the licensees’ business model, strategic direction and structure to identify areas which may impact its risk profile and therefore requires further supervisory purview; and
   • Assessing the audited financial statements to determine the financial soundness of the DTI and financial group as well as identifying any emerging risks which may be of supervisory concern.
   • Liaising with the senior management of the assigned licensees on an ongoing basis.

3. Executing examinations into the significant activities undertaken by DTIs (such as commercial and retail lending, investing activities, deposit taking activities) to determine the net risk exposure of each activity by utilizing analytical tools and sound judgment to assess the:

4. Nature, composition, characteristics and complexities of each activity to ascertain the presence and levels of credit, market, operational and legal and regulatory risks;
5. Effectiveness of the institution’s first  line of defense, operational management, in managing the risks exposures identified;
6. Quality of oversight provided by each independent oversight function: Compliance, risk management and internal audit; and
7. Appropriateness of corporate governance i.e. Board and Senior Management Oversight.

8. Assessing the material risks inherent in the financial conglomerate (including contagion risks, insurance risks, market risks, operational risks etc) which could undermine the soundness and stability of the financial group; and evaluate, in collaboration with relevant external regulatory agencies, the effectiveness of risk management and oversight of these risks at the financial holding company;

9. Evaluating the adequacy of capital, supported by earnings, for DTIs and financial conglomerates in the context of the minimum capital requirements as well as the level of the assessed residual risk arising from the significant activities.

10. Assessing the level and flows in liquidity and access to funding along with the adequacy of the practices employed by the first line of defense in the management of the bank’s liquidity as well as the quality of oversight provided by the independent risk management, internal audit, senior management and the Board.

11. Participating in on-site examination visits to review internal records, conduct interviews with senior executives of assigned financial institutions, and to gather information necessary for completion of the various phases of the risk assessment process.

12. Preparing accurate and timely documentation of minutes of meetings held with representatives of the financial institutions, comprehensive working papers and documentation to support completed risk assessments.
13. Preparing for and participating in Exit meetings, communicating the findings from the supervisory process with the senior managers of financial institutions and the wider group in which it operates.
14. Participating in the completion of the Risk Assessment Summary (RAS) template and Risk Matrix which summarizes the examiner’s evaluation of the risk profile of the financial institution.
15. Contributing to the preparation of the management letter, to the Board of financial institutions, presenting findings emanating from the risk assessment process, and any required ameliorative action to be taken.
16. Keeping abreast of new and emerging international standards as well as market developments in the financial and commercial environment, both locally and internationally, informing meaningful dialogue and enhancements to supervisory policy and procedures.
17. Participating in internal meetings with FISD senior management.

QUALIFICATION AND EXPERIENCE

• Postgraduate degree in Accounting, Finance, Business or related discipline or professional certification such as ACCA, CPA, CFA, FRM, CIA, CISA, CISSP, CISM with three (3) years relevant experience plus two (2)  year relevant supervisory experience.

OR

• Undergraduate Degree in Accounting, Banking and Finance, Management Studies or related discipline plus five (5) years’ related working experience with two (2) years at the supervisory level,
• Certificate of participation in Regional Training Programmes for middle level to senior bank examiners would be an asset.

SPECIFIC KNOWLEDGE AND SKILLS REQUIRED

• Sound knowledge of the Bank of Jamaica Act, the Banking Services Act, 2014 and its subsidiary legislations, BOJ supervisory directives and regulations.
• In-depth knowledge of international anti-money laundering standards, related local legislation and regulations.
• Sound knowledge of the standard of Best Practices issued by the Central Bank.
• Sound understanding of Risk Based Supervision.
• Sound knowledge of the work of the Basel Committee on bank supervision including the Basel Core Principles and other international supervisory standards.
• Sound knowledge of accounting principles and standards, audited statements and financial management.
• Sound knowledge of the operations and practices of the local and regional banking industry and sound knowledge of developments in the financial sector;
• Sound understanding of the securities, insurance and other non-deposit financial sectors and related governing legislation.
• Thorough knowledge of auditing and financial management.
• Understanding of IT systems and the use of such technologies in the financial services industry.
• Sound knowledge of economics, business and finance practices.
• Working knowledge of asset valuation.
• Sound understanding of the banking systems of jurisdictions in which financial institution has a presence.
• Knowledge of developments in the financial sector.
• Ability to communicate effectively (both orally and written).
• Excellent report writing skills.
• Sound business acumen - be aware of business issues, processes and outcomes and their impact on business needs.
• Conceptual thinker with the ability to think through issues, bringing key facts and ideas together by using innovative, creative and inductive thinking.
• Expertise – motivated to expand and use technical knowledge.
• Results oriented - demonstrates concern for surpassing a standard of excellence.
• Ability to work co-operatively within the team/work group and across the organization to achieve group and organizational goals.
• Financial acumen - understands the dynamics of the financial markets and their implications for executing FISD’s strategy

SPECIFIC CONDITIONS ASSOCIATED WITH THE JOB 

• Exposed to highly confidential and sensitive information.
• Unpredictability and timing of issues arising, which may require urgent attention, and the need to exercise proper judgment in prioritizing the issues for action.
• Required to display a high level of integrity and professionalism, particularly in the face of Licensees executive management that often challenge findings.
• Required to travel frequently within the corporate area, and in some instances, rural Jamaica or where appropriate, to institutions’ overseas branches.
• Extended period of concentration on exacting details.
• Extended work hours to meet deadlines.
• Exposed to stressful work-related conditions.
• Exposed to tardiness of financial institutions in the timely submission of data.

Interested persons who meet the above requirements should complete the application form with cover letter and full resume no later than Friday, 17 October 2025.