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Senior Director, Securities

Date Posted
10th September 2017
Reference
VAC-26845
Sector
Banking & Financial Services
Job Type
Permanent
Location
Kingston
Salary
Not Disclosed

Job Summary

The Financial Services Commission (FSC) has an immediate opening for the position of Senior Director, Securities.

Job Description

Position Summary: 
The Senior Director, Securities has primary responsibility for assessing the financial health and statutory compliance of securities dealers, stockbrokers, stock exchanges and other regulated individuals and entities under the related statutes. 

The incumbent is responsible for the development, administration and enforcement of regulatory programs under the Securities Act, ensuring that registrants and licensees under the Acts are regulated prudently, balancing the interests of both the industry and the public. He/she must assess trends in the sector, detect signs of financial weakness or non-compliance in securities dealers, stock brokers and stock exchanges and other regulated individuals and entities, taking action to correct or reduce the risk.


KEY RESPONSIBILITIES: 

  • Ensures effective monitoring of the operating activities and financial health of Jamaican securities firms and other entities under the Securities Act, in order to protect the public interest. 
  • Makes recommendations to the Deputy Executive Director and Executive Director where appropriate, when there are potential financial problems and statutory compliance breaches by entities and individuals and advises on the action to be taken to correct the problems 
  • Evaluates filings and applications for compliance with statutory/regulatory requirements by utilizing a balanced and informed exercise of statutory discretion and recommends action by appropriate FSC areas, to correct non-compliance. 
  • Where the Executive Director and/or the Deputy Executive Director is absent, deputizes in relation to matters concerning securities supervision.


EDUCATION, EXPERIENCE AND SKILLS: 

  • A Master’s Degree in Accounting, Business Administration, Finance, or equivalent professional qualification, such as a Chartered Accountant’s designation. 
  • A minimum of seven (7) years’ experience at a senior level, in a securities regulatory position or in private sector securities administration. 
  • Broad knowledge of the Acts regulating the financial sector and the Securities Act in particular 
  • Sound knowledge of the financial services and securities industries 
  • Knowledge of accounting and information systems within the public sector 
  • Working knowledge of Microsoft Office 
  • Working knowledge of examination procedures by external auditors, internal auditors and other regulators 
  • Sound judgment, initiative, and flexibility in formulating immediate re sponses to difficult regulatory problems 
  • Excellent written and oral communication skills; 
  • Sound leadership, problem solving and decision making skills 
  • High level of integrity, professionalism and ethical standards

 

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