The Commission is recruiting for a Technical Specialist to join the Investment, Fiduciary and Pension Division due to team expansion.
The Investment, Fiduciary and Pension Division supervises a broad range of licensees and funds, undertaking on-site visits, thematic reviews, policy work and reactive supervision. The Division comprises three teams: ‘home’, ‘away’ and policy. The home team supervises low impact entities, including all funds. Their work includes thematic reviews and reactive supervision e.g. responding to notifications, intelligence, alerts, and requests for permission. It is largely desk-based. The away team is responsible for the higher impact licensees, including conducting on-site visits to firms as part of full risk assessments and custom engagements, as well as reactive supervision for those firms.
Role allocation between the home and away teams will be in accordance to business needs and the experience of successful candidate.
Highlights of the role include:
- Being involved in the consideration of difficult cases which may require some form of regulatory action, including, but not limited to, formal enforcement measures.
- Day to day supervision including handling and considering notifications and submissions made by licensees under the Law (including changes of control, directors, surrender of licences etc.) and any other information which might affect their continuing to meet the licensing criteria.
- Assisting with reactive low impact supervision, management/allocation of the WIP and utilising the Early Warning System.
- Demonstrating pragmatic decision making and leadership.
- Leading with aspects of on-site supervision where necessary including:
- Planning and co-ordinating visits, ISRs and Thematic reviews.
- Considering matters to raise with licensees.
- Personally leading visits, according to the nature of the visits and the skills and experience required.
- Reviewing post-visit feedback by the 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 onsite visits and developing the structure of the on-site programme as necessary.
- Acting as a contact point for enquiries from licensees, regulators, other professionals and members of the public. Cooperates and exchanges information with other third party supervisors on a timely and effective basis. Representing the Commission at meetings with relevant parties.
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