Securities Analyst, Market Intermediaries

Securities Analyst, Market Intermediaries

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 Securities Analyst, Market Intermediaries

SUMMARY OF RESPONSIBILITIES

Reporting to the Senior Analyst (Market Intermediaries), the Analyst (Market Intermediaries), assists with the administration of certain regulatory programs under the Securities Act and the Unit Trust Act.

The Analyst, Market Intermediaries evaluates the financial health and statutory compliance of the regulated entities as required under the appropriate statutes.  The Analyst, Market Intermediaries advises the Senior Analyst, Market Intermediaries and the Manager, Securities on matters concerning the prudent regulation of registrants and licensees under the Acts.  The incumbent is responsible for identifying signs of financial weakness or non-compliance in the regulated entities through off-site and on-site examinations and advise by written report. The Analyst, Market Intermediaries also has responsibility for answering routine inquiries and correspondence, and also drafts responses for the signature of the Manager.

MAJOR ACCOUNTABILITIES

• Administers policies and procedures to ensure timely and efficient operations.
• Effectively monitors the activities and financial health of the regulated entities.
• Identifies potential financial problems and statutory compliance issues in securities companies and the regulated entities and advises the Senior Analyst, Market Intermediaries and the Manager, Securities.
• Analyses relevant filings and applications for compliance with statutory and regulatory requirements and recommends action to the Senior Analyst, Market Intermediaries and the Manager.
• Develops and utilises programmes necessary to gather information and ensure compliance with filing requirements, deadlines, and financial criteria.
• Analyses investment and lending policy submissions of collective investment funds and other regulated entities.
• Communicates statutory requirements and administrative policies to the public and industry by responding to correspondence and telephone inquiries.
• Monitors the information processing system for annual statements and fee submissions.
• Develops computer based financial programmes to effectively analyse financial filings of insurance companies and the regulated entities and financial trends in the securities industry.
• Works with the systems department to develop new programs to meet the needs of the division.
• Prepares industry reports for the Senior Analyst, Market Intermediaries.

QUALIFICATIONS AND EXPERIENCE

• First Degree in Accounting, Business Administration or Finance or a professional designation in Accounting.
• A minimum of three years’ experience in securities regulation or relevant industry experience.
• Sound knowledge of the Acts regulating the financial sector and, knowledge of the Securities Industry.