The Central Bank of Barbados is seeking to fill vacant posts of Deputy Director, Bank Supervision Department.
Job Summary
The successful candidates will provide leadership and managerial support to ensure the effective supervision and regulation of financial institutions licensed under the Financial Institutions Act 1996-16.
Essential Functions/Key Duties and Responsibilities
The essential functions and key duties and responsibilities will include:
- Monitoring, reviewing and assessing the impact and effectiveness of the framework for the licensing, supervision and regulation of financial institutions, in line with best practice and international regulatory standards
- Leading the policy-based research on emerging regulatory issues and recommending and implementing enhancements to the legislative and supervisory framework
- Co-ordinating and ensuring the efficient execution of the Department’s risk-based supervisory programmes by approving supervisory strategies, reviewing the operations and performance of licensees and overseeing the work of departmental staff
- Assessing compliance with the requirements of relevant legislation and prudential guidelines, providing advice to the Director on enforcement actions, where applicable, and ensuring that licensees implement corrective actions within established timelines
- Fostering effective working relationships with domestic and international financial sector regulators, while keeping abreast of new and emerging standards in financial sector supervision, new products and technologies
- Assisting in the management and monitoring of the department’s performance, strengthening operational efficiency and the nurturing and motivation of staff in alignment with the Bank’s strategic objectives
- Contributing to team effort by accomplishing any other related duties as assigned
Education/Experience
A Masters Degree in finance, banking or a related discipline or an advanced professional banking qualification and five (5) years’ managerial experience in the regulation of financial institutions.
Competencies
- Proven leadership skills, particularly skills at influencing, leading and supporting organizational change
- Sound understanding of the Financial Institutions Act 1996-16 and other relevant financial services legislation
- Excellent administrative and organizational skills
- Good stakeholder management skills, excellent team player and strong collaboration skills
- Strong interpersonal skills; and be
- Highly effective and proactive in both oral and written communications
- A Critical thinker, with problem solving skills
- Results oriented
Compensation
Salary and benefits, including Group Life Insurance, Group Medical Insurance and Pension will be in accordance with the Bank’s policy.
Deadline for Submission of Applications
Interested persons should submit their Job application and curriculum vitae to the Director, Human Resources Department, Central Bank of Barbados, by email, to hrapplications@centralbank.org.bb , no later than November 16, 2020.
Please be advised that only suitable Applications will be acknowledged.
