The Commission is recruiting for a Technical Specialist (Banking) to join the Banking and Insurance Division due to team expansion.
The Banking and Insurance Division is responsible for the prudential and conduct supervision of firms that are licensed in the Bailiwick of Guernsey by the Commission as banks, insurers, insurance managers and insurance intermediaries, and those licensed under the Lending, Credit and Finance Law.
The Commission is looking for a Technical Specialist (Banking) who has knowledge of the Basel III standards and can evidence experience in identifying and managing risks of banks (e.g., liquidity, market, credit). The successful candidate will have demonstrated experience in one or more complex activities as follows: financial analysis, risk management, treasury, compliance, trading. (Complex activities would include those that are multi-dimensional, confidential, sensitive, affecting many stakeholders, precedent setting, and/or impactful for the services or programs delivered by the firm.)
Highlights of the role include:
- Advising on and assisting with the handling of applications for licenses, products and exemptions.
- Day-to-day supervision including handling and considering notifications and submissions made by licensees under the Law (including, for example, changes of control, changes to directors, surrender of licences) and any other information which might affect their continuing to meet the licensing criteria.
- Demonstrating initiative, proactivity, as well as pragmatic decision making and leadership.
- Leading with aspects of on-site supervision where necessary including:
- Planning and co-ordinating firm-specific visits, Internal Sector Reviews and Thematic reviews.
- Identifying matters to raise with licensees.
- Leading visits, according to the nature of the visits and the skills and experience required.
- Reviewing post-visit feedback by Senior Analysts and Analysts and following up on matters raised (responsibility shared with the Assistant Directors and Deputy Directors).
- Consideration with the Division management team of findings and trends emerging from on-site visits and developing the structure of the on-site programme as necessary.
- Identifying and monitoring risks (including new and emerging risks) affecting the banking sector in the Bailiwick and preparing briefings and/or reports to the Division on issues identified.
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