SENIOR ANALYST - JDIC (Intervention, Resolution & Int'l. Rel'ns.)

SENIOR ANALYST Jamaica Deposit Insurance Corporation Intervention, Resolution and International Relations Section

Jamaica Deposit Insurance Corporation

SENIOR ANALYST - JDIC

INTERVENTION, RESOLUTION AND INTERNATIONAL RELATIONS SECTION

We are seeking a technical, analytical and research-oriented individual to fill the role of Senior Analyst, reporting to the Director Intervention, Resolution and International Relations Section. 

If you are open to the challenge, this is a career opportunity for you.

About the JDIC:

The Jamaica Deposit Insurance Corporation (JDIC) was created by the Government of Jamaica to protect depositors and promote stability and confidence in Jamaica’s financial system and has a mission to:

• Protect insured deposits against loss due to the non-viability of Deposit Taking Institutions; 
• Provide financial and other assistance  in the restructuring/resolution of non-viable Deposit Taking Institutions consistent with the parent legislation for the resolution of financial institutions and other applicable law and standards of best practice;
• Manage the Deposit Insurance Fund consistent with its statutory objects;
• Support the promotion of financial consumer protection and financial inclusion;
• Take such necessary steps to minimize its exposure to loss. 

To execute its Mission, JDIC operates  a knowledge management environment which promotes excellence in professional and technical expertise allowing  employees to realize their potential.  The JDIC core values of Accountability, Communication, Excellence, Professionalism and Teamwork support the institutional strength of the JDIC and its expert cadre of staff. 

The JDIC is regularly cited for its strong reputation for compliance.  JDIC Officers currently sit on the Executive Council and Committees of the International Association of Deposit Insurers (IADI), including chairing its Audit & Risk Council Committee.

More information on the JDIC can be viewed on their website: https://www.jdic.org

About the Role

The successful candidate will be exposed to the full scope of financial sector regulations and financial industry innovations, as well as to the culture of financial regulators based on international standards of best practice.

Core Responsibilities of this Position:

1. Conduct research and analysis to inform policy formulation, legislation and make recommendations to the Committee of Management in regard to:
2. JDIC’s Depositor Reimbursement Framework
3. JDIC’s statutory role in the restructuring/resolution of non-viable Deposit Taking Institutions 
4. Emerging domestic and international financial and economic developments, trends and international best practice standards and implications for the operations of the Deposit Insurance Scheme and other financial consumer protection mechanisms
5. Develop, implement and maintain policies, procedures and systems for the JDIC to make prompt depositor reimbursements and carry out its role to aid in the restructuring/ resolution of non-viable financial institutions to protect insured depositors, including such financial assistance activities through the application of the Deposit Insurance Fund to support the decided resolution options. 
6. Carry out initiatives to test and enhance the JDIC’s financial crisis preparedness and management operational readiness at the agency and inter-agency levels including assist in the development, conduct and evaluation of simulation exercises.
7. Carry out initiatives to operationalize the JDIC’s claims management and recoveries functions in a liquidation, where JDIC is subrogated to the rights and interest of the depositors of an insolvent DTI and any amounts recovered from the liquidation process are applied to replenish the Deposit Insurance Fund. 
8. Ensure that subject matter expert cross-functional support and guidance are provided on behalf of the Section to achieve the strategic objectives and key initiatives of the Corporation.
9. Represent the Corporation on financial system safety net inter-agency technical working groups as well as regionally and internationally, in support of its membership in the International Association of Deposit Insurers.
10. Provide technical support to ensure the efficient coordination and participation in international relations activities relating to the Corporation’s membership in the International Association of Deposit Insurers (IADI); and collaborations with IADI members and other related regional and international partners. 

 About the Person:

Are you highly professional, resilient, hard-working individual with a bright mind? Then we are seeking to engage you so please consider this opportunity. You should be an excellent team player with people skills for effective supervision and enthusiastic about making an impact in the financial sector.

 The Qualifications, Experience and Specialized Training:

• Master’s degree in Banking or Accounting or Finance, or Economics or Business Administration 
• A minimum of five years working experience in a senior technical capacity in the financial sector in the areas of supervision, regulation and/ or in the financial services industry.

Required Skills:

• Ability to work well with, and effectively lead, a team
• Ability to maintain high performance under pressure
• Demonstrated strong research and data analysis capabilities as well as knowledge of required techniques
• Good knowledge of database management techniques 
• Excellent oral, written and presentation skills 
• High levels of personal and professional ethics
• Excellent time management skills and results and solutions-oriented
• Sound knowledge and high proficiency in: 

• laws and regulations governing Jamaica’s financial system
• financial system operations and accounting practices
• drafting policies; procedural manuals; and business process documentation

• Proficiency in Microsoft Office Suite including Word; Excel; Teams; and PowerPoint 

We thank all applicants for their interest, however, only short-listed candidates will be contacted.