Head, Quality Review Department, Financial Institutions Supervisory Division

The successful candidate will lead the Quality Review Department, providing independent assurance to the Financial Institutions Supervisory Division (FISD) in support of its supervisory mandate.

Applications are invited from suitably qualified professionals to resource the position of Head, Quality Review Department, Financial Institutions Supervisory Division. 

Reporting to the Deputy Governor, Financial Institutions Supervisory Division, the successful candidate will be responsible for:

1. Leading and managing the process for the formulation of Departmental objectives in accordance with the goals of the Division and strategic objectives the Bank.
2. Ensuring the development of a cadre of competent and motivated professionals, possessing the capacity to maintain the high standards of the Bank.
3. Coordinating and managing the work and staff involved in the execution of appropriate quality review/compliance assessments, directives, and recommendations and the effective monitoring of employee performances
4. Developing appropriate framework, internal procedures, and guidance for conducting quality/compliance reviews of the various supervisory functions carried out by the FISD; and how to identify areas for improvements in efficiency and effectiveness to safeguard the integrity of the supervisory framework. 
5. Providing managerial leadership to the staff and ensuring the achievement of Departmental objectives through development of the annual work plans that will be used to prioritize areas to be reviewed based on a set of pre-specified criteria and the context in which the administration and operations of the supervisory functions and the supervisory framework can be assessed; and presenting the Plans for administrative signoff by the Deputy  Governor FISD.
6. Coordinating and integrating the activities of the operating units in the Department and ensuring the achievement of the required operational standards.
7. Conceptualizing and developing content of annual and quarterly reports to the Supervisor/Supervisory Committee and overseeing the preparation of these reports
8. Proposing for approval by the Supervisor and Supervisory Committee, the review and assessment programme of the Department in the Annual work plans that provides the context in which the administration and operations of the supervisory function and the supervisory framework can be reviewed and assessed during the year.
9. Providing the Supervisory Committee with the Quality Review and Compliance Department’s annual performance report.
10. Providing the Supervisor and Supervisory Committee with independent evaluations through periodic report of finding and recommendations on the effectiveness of the FISD’s supervisory methodology, guidance, management and governance systems.
11. Providing advisory support to the Supervisory Committee in the development of systems and procedures that will enable the improvement and strengthening of supervision.
12. Leading presentations of findings and recommendations in relation to the effectiveness of the supervisory operations and framework to the Supervisor and Supervisory Committee.
13. Leading the conduct of ad-hoc reviews as may be determined by the Supervisor and the Supervisory Committee from time to time, including reviews commissioned based on recommendations emerging from external reviews conducted by independent experts.
14. Reviewing the results of internal and external Supervisory review reports and other review exercises and monitoring of the implementation by the FISD of these recommendations with periodic updates to the Supervisor and Supervisory Committee.
15. Coordinating functions of the Department for assessing the efficiency of Supervisory authority, effectiveness, and consistency in meeting operational objectives and management of associated risks.
16. Coordinating the review of the change management processes used by FISD for the implementation of new methodologies, and standards of best practice, supervisory rules, code of conduct and regulations for guiding the work of FISD’s the Departments, to ensure changes implemented are appropriate for strengthening carrying out the supervisory function.     
17. Coordinating the review of assessments of internal policies and procedures used to guide the execution and administration of various supervisory functions to ensure relevance, and consistency in application and compliance with applicable legislations/guidance notes etc.
18. Overseeing the review of FISD’s deliverables which include the review of the substance, logical flow, documentation and timeliness of processes, activities, methodologies and tools utilized within departments of the FISD to ensure that policies and procedures are applied consistently and within pre-defined schedules.
19. Coordinating the review of the supervisory reports, including onsite examination reports, and other outputs of supervisory assessment and monitoring processes, to ensure that they reflect the objectives set out in the relevant scope documents.
20. Spearheading the review of supervisory conclusions and actions, including enforcement actions taken, supervisory decisions, the decision-making processes and recommendations, to the Supervisor/Supervisory Committee to ensure that they are consistent in the application of principles, standards and judgements, and based on objective evidence and conditions, as reflected in legislation and standards.
21. Establishing measures for the effective oversight and monitoring of the implementation status of recommendations under execution by FISD’s Departments, and to make scheduled report on the status of recommended actions to the Supervisor and the Supervisory Committee.
22. Coordinating the assessment of the resources of the Division and make recommendations regarding training gaps identified in relation to bank examiners to ensure they are well-trained and equipped to assess financial institutions’ significant activities, key inherent risk, risk management capabilities, capital, earnings, liquidity; and overall risk profile. 
23. Authorizing research to inform recommendations for enhancements to supervisory approaches, techniques and processes as well as formulating policies to strengthen the supervisory framework.
24. Performing any other duties that may be assigned by the Supervisor or the Supervisory Committee.

QUALIFICATION AND EXPERIENCE

• Postgraduate in Finance/Accounting/Auditing/Management or related discipline or professional certification such as ACCA, CPA, CFA or equivalent qualification with at least seven (7) years working experience at a senior managerial level as a seasoned professional with practical experience as a Chief Auditor or Chief Audit executive or who has worked in supervisory and /or regulatory institution(s).
• Practical working experience in accounting, auditing, finance, risk management or other related area. 
• Certified Internal Auditor (CIA) or Qualification in Internal Audit Leadership (QIAL) or Certification in Control Self-Assessment (CCSA) or Certified Financial Services Auditor (CFSA) designation would be an asset.
• Exposure to and participation in supervisory/regulatory related training, seminars and/or conferences would be an asset.

• In-depth knowledge of the Bank of Jamaica Act, Banking Services Act, other relevant legislation. BOJ supervisory rules, regulations, codes and standards.
• In-depth knowledge of Risk Based Supervision methodologies and risk management frameworks (COSO ERM, etc.) and practices.
• In-depth knowledge of the work of Basel Committee on Bank Supervision, Basel Core Principles (BCPs) and other international supervisory standards.
• Sound knowledge of IFRS accounting, auditing and financial management.
• Sound knowledge of the banking systems of overseas jurisdictions to inform cross border supervision issues.
• In-depth knowledge of information technology and the risks involved in the application of technology.
• Emotionally intelligent.
• Excellent communicator with highly developed oral and written communication and presentation skills.
• Analytical thinker with ability to comprehend a situation by breaking it down into its components and identifying key or underlying complex issues.
• Sound business acumen demonstrated as ability to understand the business implications of decisions and be aware of business issues, processes and outcomes and their impact on customers’ and the organization’s (FISD/Bank) business needs.
• Conceptual thinker with the ability to think through issues, bringing key facts and ideas together to see the bigger business picture by using innovative, creative and inductive thinking.
• Demonstrates proficiency in planning, decision-making, problem solving, and coordination, analytical, interpretative and interrogative skills.
• Concern for Order – reflects an underlying drive to reduce uncertainty in the surrounding environment; Monitoring and checking work or information, insisting on clarity of roles and functions, etc.
• Customer Service Orientation – Desire to identify and serve customers/ Clients and makes the effort to discover and meet the needs of customers/clients.
• Motivated to expand and use technical knowledge or to distribute work-related knowledge to others.
• Take initiative – identifies a problem, obstacle or opportunity and takes appropriate action to address current or future problems/ opportunities and acts proactively.
• Result oriented – demonstrated concern for surpassing a standard of excellence.
• Ability to work co-operatively within the team/work group and across the organization to achieve group and organizational goals.
• Financial acumen – understands the dynamics of the financial markets and their implications for executing FISD’s strategy.
• Demonstrates sound professional judgement, strong leadership and strategic management skills.
• Internal Focus – is determined to improve business processes, shows good judgment about how to evaluate, and knows how to take and handle risks.

• Modern office environment.
• Exposes the incumbent to highly confidential and sensitive information.
• Required to display a high level of integrity and professionalism.
• Exposes the incumbent to extended working hours to accommodate meetings
• Exposed to extended periods of concentration on exacting detail.
• Ability to work beyond normal working hours, when necessary, in order to meet deadlines.
• Exposed to unpredictable work demands related to developments beyond the control of and external to the Division.

Interested persons who meet the above requirements should complete the application form with cover letter and full resume no later than Thursday, 28 August 2025.

NB. Only short-listed candidates will be able to access the panel interview.