The Commission is recruiting for an Analyst to join the Authorisations and Innovation Division (“AID”) which is the Commission’s supervisory gateway – we decide who can undertake regulated activities in the Bailiwick.
As the first point of contact for firms and individuals wanting to provide regulated financial services, working in AID means you’ll see the start of a firm’s supervisory journey. The work is challenging but varied and involves dealing with applicants and their legal advisors. As the gatekeeper we make decisions on whether to approve applications from firms and individuals.
The applications span a range of sectors and different financial models, including:
- fiduciary firms
- insurance firms
- investment firms
- lending, credit and finance firms
- prescribed businesses such as estate agents and legal firms
We also decide whether someone is suitable to undertake senior manager functions, such as a CEO or Board Director, and determine their fitness and propriety to hold those roles.
AID is a key part of the system of supervision and offers the opportunity to gain experience across all sectors, it is one of the best places to start a career in the Bailiwick financial services sector.
The Commission is a responsive and adaptive regulator with a strong interest in innovation. AID is the first contact point for innovative applications so we need to be open and enquiring, regarding new structures and products and up to date with developments in fintech and the wider financial services industry.
Highlights of the role include:
- Investigate and assess applications for authorisation, registration or licensing for entities and individuals across all sectors. Each application will be assessed against the relevant laws, rules and legislation.
- Carry out balanced and risk based due diligence internet-based searches on both individuals and entities. Provide a clear written summary of the results to enable further review and decision making.
- Support and assist team members within the Division. This may involve attending both internal and external meetings and panels (if required).
- Ensure that internal records and systems are kept up to date and accurate for all cases or work that they are involved in.
- Help to deal with enquiries from colleagues, licensees, regulators and other professionals. This may involve collating information from Commission records and providing clear summaries for team members.
Click here for the job description.