Examiner, Fiduciaries

Organisation
Central Bank of The Bahamas
Reference
VAC-36710
Contract Type
Full-Time
Industries
Accounting & Finance, Banking & Financial Services
Location
Nassau
Salary
Competitive Salary
Date Posted
14/01/2021
Expiry Date
02/02/2021
The incumbent will lead in the planning and examinations of non complex trust companies and and Supervised Financial Institutions. He/She will also assist with training and mentoring of bank staff.

 

Job Function:
Core Functions:

  • Lead in the planning and conduct of examinations of:
    • non-complex trust companies to determine their safety and soundness and establish compliance with applicable laws, regulations and guidelines;
    • focused modular on-site examinations of complex and non-complex Supervised Financial Institutions (“SFIs”) including those providing fiduciary services.
  • Lead segments in the conduct of on-site examinations of fiduciary services of complex licensees to determine the safety and soundness of their operations and to establish compliance with applicable laws, regulations and guidelines.
  • Conduct on-site investigations of operations expected of violating the Banks & Trust Companies Regulations Act, in accordance with the specific terms of reference.
  • To assist in the training, mentoring and general development of Bank Supervision staff in areas relevant to the onsite examinations of SFIs.
  • Report findings of examinations and investigations and submit prioritized recommendations for the remediation of identified deficiencies, in accordance with established format.

 

Job Requirement:

Education & Experience Requirements:

  • Master’s degree in law, business or finance or equivalent qualification from a recognized tertiary institution.
  • Professional certification in trust administration from a recognized professional body e.g. STEP, ACIB.
  • A minimum of ten (10) years’ relevant experience at a senior level in a trust company environment.
  • Strong knowledge of fiduciary business practices (inclusive of trust and company administration) and applicable legal principles.
  • Strong knowledge of banking and trust company laws and regulations.
  • Sound project management skills.
  • Sound knowledge of internal controls and KYC/AML/CFT requirements for financial institutions.
  • Strong knowledge of Microsoft Office.
  • Excellent oral and written communication skills.

 

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