Chief Investigator

Chief Investigator

About the FSC:

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance, Private Pensions and Trust & Corporate Services Providers industries 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, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for a permanent placement for the position of Chief Investigator.

Position Summary:

Reporting to the Senior Director, Investigation & Enforcement (SD), the Chief Investigator (CI) is responsible for assisting the SD in the implementation and management of an investigation programme designed to uncover and document possible breaches of the FSC Act and all other related Acts and Regulations. In this regard, the incumbent plans, manages and directs the work of the investigators within the division.

Key Responsibilities:

• Detecting and proving breaches and non-compliance with the relevant legislation in the industries (securities, insurance, trusts & corporate services and pensions) which the FSC regulates.    
• Ensuring that investigations and enforcement actions are carried out in a manner that safeguards the reputation of the Jamaican financial sector.
• Reviewing all written submissions to ensure that the complete case has been prepared for presentation to the ODPP in an acceptable format.
• Ensuring that investigations are comprehensive, credible, conclusive and helpful to regulatory action, civil litigation or criminal prosecution.
• Ensuring the confidentiality of investigative cases and related information
• Assisting with ensuring that the public is adequately aware of the relevant legislation that protects the customers of the financial services sector.
• Determining whether an investigation is appropriate from the information obtained from the complainant and other internal and external sources.
• Maintaining regular contacts, fostering cooperation and working in close coordination with national and international law enforcement authorities, agencies and institutions, financial intelligence units and other relevant operational counterparts.
• Communicating and reporting results of risk assessments to the Senior Director, providing recommendations to manage unmitigated risks.
• Preparing detailed monthly and periodic reports to the SD and Management, as required.
• Overseeing the development and maintenance of complaints and investigation databases, which tracks and monitors the conduct of investigations.
• Assisting with the development and maintenance of data protection guidelines.
• Collaborate with the SECIR Director, to ensure the preparation of press releases and other public information documents designed to educate the public about breaches of the FSC Act and other related legislation.

Education, Experience, Knowledge and Skills:

• Master’s Degree or equivalent in Law, Criminology, Criminal Justice, Audit, Forensic Accounting or related field
• The job requires at least 7 years’ relevant work experience in investigative work, fact finding analysis, investigative research and/or reporting work; preferably investigations relating to financial services.
• Experience in the investigation of breaches of regulatory laws (with particular reference to financial services) and the gathering of evidence.
• Sound knowledge of Insurance, Securities, Trust & Corporate Services and Pensions Acts and related regulations.
• Sound knowledge of accounting and information systems
• Sound knowledge of the financial services industry
• Expert understanding of investigative procedures and civil/criminal proceedings
• Strong leadership and people management skills
• Good negotiation and relationship building skills
• Post-graduate investigative and/or forensic accounting certification would be an asset
• General understanding of the AML/CFT/CPF framework
• Strong and proven ability to communicate, write, present and clearly defend findings and recommendations of investigations.
• Strong organizational and analytical ability, with attention to detail and ability to work independently and manage challenges
• Expert knowledge of investigative methodologies, techniques, practices, and procedures; evidence collection and analysis