Manager, Securities

Manager, Securities

The Financial Services Commission (FSC) is an integrated financial services regulator. Our mission is to regulate and supervise the securities, insurance and private pensions industries,

for the protection of their users, thereby enhancing public confidence through the efforts of a competent workforce.

 We seek to recruit individuals who are driven, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Manager, Securities.

 SUMMARY OF RESPONSIBILITIES

The Securities Manager is responsible for assisting in the development, administration and enforcement of regulatory programs under the Securities Act.  The position has frontline responsibility for the three specialized streams in the Division, namely, Market Intermediaries. The Job Holder assists the Senior Director, Securities in evaluating the financial health and statutory compliance of securities dealers, stockbrokers, the stock exchange and other regulated individuals and entities under the Securities Act.

 MAJOR ACCOUNTABILITIES

• Assist in the effective monitoring of the operating activities and financial health of Jamaican securities firms and other entities under the Securities Act in order to protect the interest of the public.
• Review and analyse policies, procedures and regulations to promote the development of a robust and compliant securities industry, evaluate the impact of these policies on the industry and advise the Senior Director accordingly.
• Review reports prepared by the four Senior Analysts and coordinate their overall performance.
• Assess emerging developments in the securities industry, and their implications for stability and investor confidence and design and execute the necessary interventions.
• Prepare industry reports for the Senior Director, the Executive Director, the Board of the FSC, Financial Regulatory Council meetings and the Minister.
• Support the Senior Director in Special Projects and Initiatives for the strategic development of the industry and the development of the legislative framework and guidelines for Collective Investment Schemes, and allied products subject to regulations.

• Assist the Senior Director to develop strategies for problem institutions which would either rehabilitate them or facilitate an orderly exit from the market.
• Assist the Senior Director to develop strategies for dealing with issues that arise from the risk assessments of regulated entities.
• Initiate, manage and complete projects to ensure regulatory practices and policies are aligned with international standard.

QUALIFICATIONS AND EXPERIENCE

• Masters in Finance, or professional financial certification such as a Chartered Financial Analyst.
• At least 7 years’ relevant work experience in a comparable business/work environment such as: a regulatory institution or relevant segments of the financial services industry.
• At least 3 years’ experience supervising a team in a professional work environment.