Chief Risk Officer

Chief Risk Officer

About the FSC:

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance and Private Pensions and Trust and Corporate Services providers for the protection of their users, thereby enhancing public confidence through the efforts of a competent workforce. 

We are seeking individuals who are self-directed, result-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Chief Risk Officer.

Position Summary:

The Chief Risk Officer (CRO) leads the Financial Services Commission’s (FSC) Enterprise Risk Management (ERM) and Business Continuity Planning (BCP) department. The CRO enhances risk monitoring and policy governance by spearheading digital transformation through Governance, Risk, and Compliance (GRC) software tools. The incumbent will champion a quality assurance (QA) function that reinforces the FSC’s role as an integrated financial regulator while advancing its strategic posture under the Twin Peaks model.

Key Responsibilities:

• Lead the Risk Management Unit and Business Continuity Team, serving as chair of the Management Risk Committee (MRC) and Business Continuity Committee (BCC).
• Implement an ERM framework aligned with ISO 31000, COSO, and risk management standards of the Government of Jamaica (GoJ).
• In collaboration with sector leads, develop sector-specific stress tests and failure playbooks for the Insurance, Pensions, and Securities, Registration Corporate and Trust Services and Investigation and Enforcement.
• Conduct quarterly risk assessments and integrate risk insights into strategic planning and performance management.
• Report material risks and mitigation plans quarterly to the Executive Director and the Board Audit Committee.
• Maintain an ISO 22301-compliant Business Continuity Plan (BCP) framework to ensure operational resilience in the event of disruptions.
• Collaborate with the MIS, Procurement, and Facilities teams to assess vendor resilience and update disaster recovery plans.
• Align emergency response and continuity plans with organizational and environmental changes to ensure adequate response and continuity.
• Foster a risk-aware culture through training, awareness surveys, and performance KPIs.
• Align ERM and BCP frameworks with strategic planning, procurement, MIS, and performance systems to ensure enterprise-wide policy compliance.

Candidates must possess the required education and experience:

• A master’s degree in risk management, Finance, Actuarial Science, Economics, or a related discipline. A professional certification (e.g., CRM, FRM, CERA) is an asset.
• 10+ years in prudential and market conduct regulatory services, with 5+ years in senior risk leadership.
• Strong technical knowledge in insurance, pensions, securities, and DTI business models and operations.
• Experience in managing risk automation tools (e.g., NAVEX, or other Governance, Risk, and Compliance (GRC) platforms)