Director, Supervision (Digital Assets/Fintech)

The Director, Supervision (Digital Assets/Fintech) provides strategic leadership for regulatory oversight of digital financial services, digital currencies, virtual assets, Virtual Asset Service Providers (VASPs), and fintech entities operating under the Turks & Caicos Islands.

EDUCATION & EXPERIENCE:

• Master’s degree in Finance, Economics, Law, or related discipline.
• Minimum of 10 years of experience in financial regulation, supervision, or compliance, including 5 years in a senior leadership role.
• Demonstrated expertise in fintech, digital assets, blockchain technologies, and supervisory frameworks.
• Exposure to global compliance standards, including FATF recommendations and OECD guidelines.
• Proven experience leading cross-functional regulatory initiatives or projects.

SPECIFIC KNOWLEDGE REQUIRED:

• Sound knowledge of financial regulations and prudential supervision models.
• Sound knowledge of FATF standards and risk-based approaches
• Sound knowledge of international regulatory frameworks for Virtual Assets and virtual asset service providers (VASPs).
• Sound knowledge of innovation sandboxes and pilot program methodologies.
• Understanding of Digital currencies and blockchain ecosystem, decentralized finance, and digital identity frameworks.
• Familiarity with data-driven oversight techniques.

SPECIALISED TECHNIQUES/SKILLS:

• Excellent written and oral communication skills.
• Excellent human relations skills.
• Strong analytical and strategic thinking skills.
• Good negotiation, stakeholder engagement, legislative drafting and policy development competencies.
• Proficiency in digital tools, regulatory tech platforms, supervisory technologies (SupTech/RegTech) and financial monitoring systems

WORKING CONDITIONS:

• Standard office hours with flexibility for international collaboration.
• Occasional travel for conferences, inspections, and bilateral stakeholder meetings.
• High-pressure environment requiring responsiveness to evolving global standards.
• Cross-functional coordination with domestic and foreign agencies.

REPORTING AND ORGANIZATIONAL RELATIONSHIPS

Reports To:  

Managing Director

Nature of Supervision Received:

Strategic direction and performance evaluation are provided on a quarterly basis, with autonomy in technical decisions.

Supervision Given To:                                

Supervision Officers (Digital Assets/Fintech, Analysts

Nature of Supervision Given:                     

Directly: Leadership and strategic guidance, workplan alignment, mentoring, and performance evaluation.

Indirectly: Oversight of cross-departmental collaborations and stakeholder partnerships

LIAISES WITH:

Internally:

Policy and Legal & Enforcement Units, Anti-Money Laundering Supervision, Regulatory, Communications, and IT Departments

Externally:

Regulated entities (VASPs, fintech firms), Financial Intelligence Agency, international regulatory bodies, Government ministries

DUTIES & RESPONSIBILITIES:

Strategic Oversight & Policy Leadership

1. Develop and implement national regulatory strategies for virtual assets and FinTech innovation
2. Develop and maintain risk-based supervision frameworks tailored to emerging financial technologies.
3. Align regulations with FATF methodology, international benchmarks, and emerging risks.
4. Lead stakeholder consultations, policy formulation, and public comment processes.
5. Chair inter-agency advisory groups to ensure cross-sector alignment.
6. Recommend legislative reforms and policy adjustments based on risk assessment findings.

Compliance Monitoring & Risk Management

1. Direct development of regulatory tools and monitoring systems to detect breaches.
2. Collaborate on digital asset licensing protocols and operational guidelines.
3. Guide thematic and entity-level risk assessments across virtual asset sectors.
4. Coordinate compliance frameworks for VASPs and fintech firms.
5. Monitor global regulatory developments and issue guidance updates.

Innovation Enablement & Sandboxing

1. Develop sandbox environments for controlled FinTech experimentation
2. Evaluate pilot programs and make policy recommendations based on empirical insights
3. Foster public-private partnerships to promote responsible innovation.

Communication & Stakeholder Engagement

1. Represent the organisation in international regulatory forums and working groups.
2. Draft regulatory notices and strategic advisories for stakeholders
3. Lead public awareness campaigns regarding virtual asset risks and opportunities

Administrative / Operational Responsibilities

1. Supervise budget allocation for regulatory initiatives and innovation projects
2. Draft policy documents, regulatory notices, and supervisory reports.
3. Maintain regulatory dashboards and performance metrics.
4. Oversee internal capacity building and staff training on digital assets.
5. Ensure effective performance management and staff development within the unit.
6. Engage external consultants and researchers for specialized advisory services.
7. Approve operational plans and resource deployment in line with organizational goals

AUTHORITY TO: 

• Approve regulatory notices, directives, and strategic advisories
• Represent the Commission in binding inter-agency and international committees.

PERFORMANCE CRITERIA:

 This job is satisfactorily performed when:

• Innovative supervisory methods are introduced and adopted.
• Regulatory frameworks are updated in line with international standards annually.
• Supervisory reviews are conducted on schedule with actionable outcomes.
• Stakeholder engagement and feedback are incorporated into policy iterations and directives and are strategically aligned.
• Compliance monitoring systems operate without major audit discrepancies.
• Staff under supervision demonstrate competence and compliance with procedures.

This job exceeds performance expectations when:

• The jurisdiction receives FATF or international commendation for regulatory excellence.
• Innovation programs result in real-world applications contributing to financial inclusion.
• Strategic partnerships result in measurable risk mitigation and improved compliance rates.
• The department proactively identifies and addresses emerging risks before global alerts.
• Regulatory guidance reflects global best practices and thought leadership.

This job is underperforming when:

• Supervisory delays or gaps in oversight are evident and lag behind international timelines.
• Significant gaps are identified during FATF or peer review assessments.
• Stakeholder confidence in supervision declines.
• Communication breakdowns occur across stakeholder or departmental lines.
• Innovation initiatives fail to meet pilot thresholds or stall due to policy ambiguity.
• Non-compliance or reputational risks remain unaddressed.