Governor of the Bank of Jamaica

BACKGROUND AND CONTEXT

The Bank of Jamaica (BOJ) operates as an independent, inflation-targeting central bank statutory body under the amended Bank of Jamaica Act. Following the completion of the term of the current leadership, a new Governor is required to steer Jamaica’s financial sector through a transformative horizon spanning the next seven years. 

Over the next decade, the Jamaican banking sector is projected to transition towards a more digitized ecosystem. The incoming Governor will inherit a stable macroeconomic foundation but must aggressively manage the structural changes brought by decentralized financial technologies, systemic climate vulnerabilities, and evolving open-banking infrastructure. 

With that background, The Bank of Jamaica invites applications for the position of Governor for an initial term of seven years. Guided by a price stability mandate, the Governor plays a pivotal role in guiding monetary and regulatory policy, safeguarding financial stability, and strengthening the framework under which the Bank operates. 

ABOUT THE ROLE

The successful candidate will: 

• Chair the Bank’s Board of Directors and Monetary Policy Committee that seeks to keep annual headline inflation consistently within the policy target band. 
• Oversee regulatory collaborations and financial system stability initiatives. 
• Serve as Supervisor of banks, financial holding companies, and specified financial institutions.
• Represent the Bank in regional and international fora, including CARICOM and IMF/World Bank meetings. 
• Lead reforms to strengthen monetary policy credibility and effectiveness, institutional independence, and operational effectiveness; be able to effectively lead the Bank of Jamaica through uncertain periods that may occur as a result of global, regional or national shocks and climate risks. 
• Spearhead financial sector development, including payments innovation, deposit mobility, and financial inclusion. 
• Translate monetary policy gains into sustainable economic growth. 
• Maintain oversight of the Bank’s operations, personnel, systems, and risk management.
• Champion digital financial literacy across rural and underserved demographics outside the major urban centers. 
• Maintain absolute accountability to the Parliament of Jamaica and provide comprehensive, transparent economic briefs to the Ministry of Finance and the Public Service. 
• Additional details of the roles, responsibilities, functions, and powers of the Governor are at: boj.org.jm. 

THE IDEAL CANDIDATE

The successful candidate must possess: 

• Postgraduate qualifications in Economics, Finance, or a related discipline; a doctorate would be an asset.
• Extensive knowledge of monetary policy, banking supervision, financial stability, and macroeconomic management. 
• At least twenty (20) years of progressively responsible and diverse executive leadership experience within financial, monetary, regulatory, or public-sector institutions. 
• Excellent strategic, analytical, communication, and stakeholder engagement skills.
• High standards of integrity, independence, and professionalism. 

THE LEADER WE SEEK

The successful candidate must demonstrate sound judgment in a highly complex environment, effectively manage competing priorities, lead institutional change, inspire confidence across financial markets, and clearly communicate policy priorities and their implications to diverse stakeholders. 

APPLICATION PROCESS

Required Documents: Letter of interest indicating how the candidate’s background aligns with the requirements of the post, detailed curriculum vitae, and contact details for three professional referees 

All applications will be treated with the strictest confidence. 

We thank all applicants for their interest; however, only shortlisted applicants will be contacted for interviews.