Deputy Manager, Resolution and Crises Management

JOB OVERVIEW

The Deputy Manager of the Unit will have carriage of the work involving resolution and crises management and will provide senior leadership, at a national level, with the government regulatory and other external stakeholders on resolution and crises management issues. The core focus of the Unit, under the oversight of the Deputy Manager, is to undertake resolvability assessments and prepare resolution plans for Domestic Systemically Important Banks as well as the credit union sector. It is envisaged that in time the Unit will be separated from the Bank Supervision Department and become a standalone Unit reporting to the Governor. Ideally, the incumbent for the role must be an individual who can demonstrate strong independent leadership and management oversight.

CORE FUNCTIONS:

• Lead the development, drafting and implementation of resolution plans with respect to supervised financial institutions (including at a consolidated level in consultation with any other domestic regulatory authority or a Supervisory Authority) using information and analysis submitted by the Supervised Financial Institution.
• Oversee the updating of the resolution plan of a supervised financial institution as frequently as is necessary based on the risk profile.
• Develop a resolution toolkit that sets out the internal guidance needed to implement resolution of supervised financial institutions.
• Develop communication strategies and procedures for a range of financial crises in coordination with other external stakeholders.
• Manage the operations of the Deposit Insurance Corporation (DIC) and oversee the technical assessments relative to its readiness to make pay-outs, building up the target size of the Fund and developing public awareness programs.

EDUCATION & EXPERIENCE REQUIREMENTS:

• Master’s degree or equivalent established professional designation in law, accounting, banking or finance, economics, or related subject from a recognized tertiary institution and seven (7) years’ managerial experience;
• Solid understanding of the financial risk management, (i.e. credit risk management, treasury risk management), and/or analysis of financial institutions performance, legislation and regulatory oversight applicable to the Deposit Insurance member institutions, and the economic and policy issues affecting the Bahamian financial system and how they might impact the DIC’s membership;
• Solid analytical, research and policy analysis skills;
• Software skillset in programing or Visual Basic, R, EVlews, Stata;
• Solid knowledge of the preparation of clear, sound, accurate and informative statistical, financial, and other reports;
• Solid knowledge of companies law and financial sector laws and regulation;
• Solid oral and written communication skills with a confident and effective presentation style;
• Sound knowledge of management principles;
• Sound human relations skills;
• Solid knowledge of Microsoft applications (i.e. MS Word, Excel, Access PowerPoint); and
• Project management experience is highly desirable, but not required.