Managing Director

JOB TITLE:                          Managing Director  

DEPARTMENT:                  Management Core

LOCATION:                         Providenciales

JOB SUMMARY

Oversees the operations of the Commission and successfully carries out the Board’s directives for strengthening the capacity, organization, and performance of the Financial Services Commission. The Managing Director (MD) under the direction of the Board plans, develops, implements, and monitors the Commission’s operations, and initiatives. This is a C-Suite/ Executive position that reports directly to the Board of Commissioners.  The MD has direct responsibility for ensuring the operational efficiency of the Commission, in monitoring, regulating, and maintaining the integrity of the financial services industry of the Turks and Caicos Islands under internationally accepted practices and standards. The MD also develops and implements policies and programs aligned with the Commission’s mission, vision, and strategic plan. 

Education and Experience

• Graduate/postgraduate degree in one or more of the following or related fields: Accounting, Finance, Management, Law, Banking, Insurance, or Compliance.

• A minimum of ten years of regulatory experience in the financial or commercial sectors; five of which must be in a senior management position.

• Practical experience in operation management.

Technical Skill

• Demonstrable success in the effective management/supervision of staff.

• Ability to strategize and lead organizational change.

• A strong leader that can build and maintain a successful team. 

• Sound knowledge of contemporary regulatory concepts, principles, and methodologies.

• Effective communicator (written, conversational, and public speaking).

• Ability to efficiently coordinate the work of many departments to achieve established objectives.

• Ability to direct the day-to-day operations of the Commission in a manner consistent with its legal requirements, risk appetite, and strategic plan.

• Ability to participate in and/or lead internal, local, regional, and international committees as a representative of the Commission.

PERSONAL QUALITIES REQUIRED

• Honesty and Integrity
• Highly confidential
• Proven team leader
• Strong supervisory and leadership skills
• Good interpersonal and communication skills
• Prepared to devote working hours to the realization of the Commission’s objectives.

WORKING CONDITIONS

• Normal working environment

• Will be required to work outside of normal working hours.

JOB DESCRIPTION

REPORTING AND ORGANIsATIONAL RELATIONSHIPS

Reports To:                                                                Nature of Supervision Received:

Directly:                                                        

• Chairman / Board of Commissioners                   General Guidance

Supervision Given To:                                              Nature of Supervision Given:                          

Directly:

• Deputy Managing Director
• Assigned departments and functional areas         General Guidance

Indirectly:

N/A

LIAISES WITH:

Internally:

• The Board of Directors
• Subcommittees of the Board
• Deputy Managing Director
• Heads of Departments
• All Staff Members

Externally:

• Governor’s Office
• Attorney General’s Chambers
• Relevant Government Ministries
• Regional and International Regulators
• Licensees of the Commission
• External Auditors

DUTIES & RESPONSIBILITIES:

Strategy & Planning

• Engage in developing, implementing, and monitoring the Commission’s work program along with its medium and long-term strategic plan.

• Develop policies and procedures in support of the work program and strategic plan.

• Monitor and assess compliance by the Commission with all legal, regulatory, and policy standards and directives.

• Make representations to government policymakers on initiatives that can improve regulation of the financial services.

Operational Management

• Direct the day-to-day activities of the Commission.

• Provide counsel on regulatory matters.

• Assume primary responsibility for monitoring and coordinating the activities of departments and functions to achieve desired results.  

• Determine the technological direction of the Commission and the resources required to support the organization’s strategic objectives.

• Enhance the image of the Commission by maintaining relationships with local, and international regulators and businesses, licensees of the Commission, and relevant government agencies. 

• Establish and monitor work procedures, schedules, and workflow of assigned departments to improve the efficiency and effectiveness of operations.

• Provide leadership and direction in the execution of short and long-range plans and coordinate inter-department functional activities.

• Ensure that the Commission operates as an efficient organization by authorized appointment of employees, monitoring staff training and adherence to service standards, and personally responding to customer requests and complaints where appropriate.

• Provide sound professional advice to the Board on regulatory and operational matters.

• As principal spoke person for the Commission, make presentations locally and internationally to increase public awareness and understanding of the activities of the Commission and the economy of the Turks & Caicos Islands