Cayman Islands Monetary Authority in Cayman Islands is hiring a Chief Analyst - Investments Supervision Division on Caribjob today.
More details about the job are below:
The Chief Analyst is responsible for providing assistance and supervision to an assigned team as well as to provide support to the Deputy Head to achieve the legislative requirements and the goals and objectives of the Division and the Cayman Islands Monetary Authority (“CIMA”).
The Chief Analyst also leads the team to ensure that the full range of supervisory and regulatory functions of the Division is carried out in a timely and efficient manner and that the records of licensees and registrants are compliant with regulatory requirements.
The successful candidate will:
- Review, interpret and distribute the collation of industry statistics and oversee the registration process of new funds, directors and Excluded Persons;
- Review Overseas Regulatory Authority requests, industry enquiries and due diligence assessments;
- Attend and chair meetings with representatives of the financial industry and keep up-to-date on emerging supervisory techniques, and domestic and international financial and economic events;
- Oversee weekly follow ups of licenses and registrants under termination and identified problem entities;
- Identify and conduct investigations on complex and serious regulatory or risk management issues of licensees and assign the risk rating of problem entities in accordance with CIMA’s internal risk weighting criteria;
- Lead the annual risk analysis of the licensees and prepares the inspection schedule and plans; and
- Manage, delegate, and supervise the work of an assigned team and address performance deficiencies when they arise.
- A Bachelor’s degree from an accredited institution – preference given to degrees in Finance, Accounting, Business Administration or Economics; and seven (7) years’ experience in the investments and industry, with three (3) years of supervisory/management experience.
- Experience within a regulatory or supervisory body would be of benefit.
- An accounting, securities related or legal qualification/designation is required, would be an asset.
- Significant knowledge of auditing and accounting principles and comprehensive analytical skills to analyze the implications of financial statements as they relate to funds and fund administrators;
- Significant knowledge of the Mutual Funds Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Mutual Funds and Mutual Fund Administrators;
- Significant knowledge of emerging investments related supervisory techniques, and up to date knowledge of domestic and international financial and economic events; and
- Proficiency in Microsoft Office applications, especially MS Excel, Word and PowerPoint.
(Only shortlisted candidates will be notified)