Senior Legal Counsel

Senior Legal Counsel, Financial Regulations

Applications are invited from suitably qualified professionals to resource the position of Senior Legal Counsel, Financial Regulations, Corporate Secretary's Division. The successful candidate will be responsible for:

General Management

1. Managing the work and performance of legal officers assigned to the Unit.

2. Contributing to the formulation of Departmental objectives in accordance with the strategic goals of the Bank.

3. Providing input to the formulation of legal strategies and initiatives to be pursued by the department and support for implementation and execution.

Financial Regulation

4. Serving as the Primary advisor on legal issues pertaining to Financial Institutions regulation.

5. Providing legal advice on regulatory issues related to Cambio and Remittance Companies.

6. Assessing and advising on various applications from FISD licensees.

7. Preparing country updates for the Caribbean Financial Action Task Force (CFATF) and representing the Bank at CFATF Plenary and other related meetings.

8. Providing advice on:
   1.  Reforms to the deposit-taking legislation to meet international best standards and Jamaica’s external commitments –
   2. The cambio and remittance sectors.
   3. Reforms to Jamaica’s Anti Money Laundering / Countering Financing of Terrorism (AML/CFT) framework to meet the international standards.
   4. International Financial Corporation (IFC) legislation.

9. Providing advice on the appropriate financial framework for new financial products including those related to Mobile Banking and Electronic Cards.

10. Advising on the development of supervisory policies and procedures that will govern the administration of the Credit Reporting Act and Regulations.

11. Providing support on non-financial regulatory issues to include cross-departmental assistance in contracts and administrative matters.

12. Providing advice on regulatory issues emanating from CARICOM and Caribbean Group of Banking Supervisors issues.

Representation on Committees

13. Representing the Bank and Jamaica as delegate to the CFATF.

14. Representing the department on cross-divisional committees as assigned.

Qualifications and Experience

• Law degree (LLB or LLM )
• Certificate in Legal Education
• Admission to practice in the Courts of Jamaica
• At least 10 years practical legal experience in a financial institution
• Exposure to and participation in specific bank supervision related training seminars or conferences.

Key Functional and Behavioral Competencies

• In-depth knowledge of the laws governing Banking and Financial Institutions;
• In-depth knowledge of developing areas in financial law including new products, the evolution of International Standards in a number  of areas the regulatory practices and frameworks in different    countries.
• Sound knowledge of management principles and practices;
• Highly developed planning, decision-making, problem-solving and coordinating skills;
• Superior communication skills in both oral and written form;
• Clarity of thought, superior analytical skills and good judgment.

Interested persons who meet the above requirements should complete the application form with cover letter and full resume no later than Wednesday, 05 November 2025.