Supervisor Banking

Job title:

Supervisor Banking

Company

Jersey Financial Services Commission

Job description

Company Description

We are responsible for regulating, developing, and supervising Jersey’s financial services industry and supervising for anti-money laundering (AML), countering of the financing of terrorism (CFT) and countering proliferation financing (CPF). The successful candidate will join the JFSC at a key stage in its development, as it seeks to play an enhanced role in the continued success of Jersey as a highly regarded International Financial Centre.

Position

Division: Supervision

The Supervision division’s primary function is to oversee the financial services industry to ensure relevant legal obligations and regulatory requirements are met. As part of this we continually assess whether existing or emerging risks, to which Jersey is exposed, are being effectively managed.

Team: Relationship Managed Banking

The Banking Supervision team work directly with entities, using a risk-based approach, to ensure risks are identified, mitigated and managed through regular interactions with the businesses it supervises. The team assess regulatory risk for prudential, conduct and anti-money laundering, countering the finance of terrorism and proliferation financing, and engage with a portfolio of entities to understand the sector, and through working with colleagues, take appropriate steps and action as required.

Role: Supervisor, Relationship Managed Supervision: Permanent/Full time

Working within a team of Supervisors, you’ll be responsible for ensuring businesses comply with the regulatory framework and to effectively demonstrate achievement of the JFSC’s objectives, ensuring Jersey is a well-regulated International Finance Centre.

You will contribute to delivering the following outcomes:

› Effectively execute the supervision of entities in line with the agreed risk-based approach, centred on risk mitigation, and in line with regulatory requirements.

› Effective utilisation of the risk model when identifying escalating levels of risk, with appropriate follow up action being demonstrated.

› Delivery of activities is completed in line with agreed processes, SLA’s and KPI’s for quality, timeliness, and efficiency.

› Delivery of a high quality of data entry, record keeping/filing system that is compliant with the law and helps build insight into trends and improve business integrity.

› Effectively building a strong network of internal stakeholders across Supervision and the wider JFSC to ensure appropriate execution of regulatory responsibilities.

› Actively identify, recommend, and implement continuous improvements to internal working practices and procedures.

You will add value to the organisation by:

Contributing to the JFSC’s mission to maintain Jersey’s position as a leading International Finance Centre with high regulatory standards supporting its role in combatting financial crime as part of the wider international effort.

Applying a risk-based approach to supervising firms across the banking sector, reviewing and assessing the effective and appropriate management and mitigation of risks.

Supporting the JFSC in expanding its understanding of existing and emerging risks.

What will success in this role look like?

Delivery of effective and appropriate supervision of entities across the banking sector to ensure the mitigation of regulatory risks.

Delivery of supervision effectiveness and facilitating business integrity.

Requirements

This role would suit an individual with strong communication skills with the ability to conduct meetings with internal and external stakeholders. Having a knowledge of relevant financial services and products, and an understanding of the Jersey and International regulatory standards is desirable. Motivation for continuous learning and development, a flexible approach and an aptitude for team working are key requisites for the role. Motivation for continuous learning and development, a flexible approach and the ability to work as part of a team are key requisites for the role.

Other information

Working in the JFSC will enable you to join a team people who have purpose, passion, and pride. It offers the opportunity to work alongside people, who are passionate about maintaining Jersey’s position as a leading International Finance Centre with high regulatory standards.

This clarity on our purpose is incredibly motivating and we leverage our core values of: Excellence, Professionalism, Respect, Integrity, and Teamwork to deliver our work. Our people are proud of their work and their contribution to Jersey.

If you are looking to make a difference, have a unique working experience and contribute to a bigger picture, then think JFSC; a diverse team of people who put their hearts and minds into what they do and have some fun along the way!

Attachments

Expected salary

Location

St Helier, Greater London

Job date

Sat, 27 Jan 2024 06:20:24 GMT

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