Deputy Head – Financial Stability & Macroprudential Monitoring
Reporting to the Head of Division, the Deputy Head - Financial Stability & Macroprudential Monitoring Group is responsible for development of financial stability, macroprudential and crisis management frameworks and models, and the steering and integration of the Economist Group’s model building and research with the Division’s Statisticians and existing CIMA statistics assets.
RESPONSIBILITIES:
The successful candidate will:
- Develop and monitor a national Macroprudential framework, including early warning indicators, policy tools, crisis management framework;
- Lead a team of Economists and Statisticians in conducting research on financial stability in the Banking, Insurance and Investment Funds sectors;
- Review and update the methodology for the identification and supervision of systemically important financial institutions;
- Conduct reviews to identify the risks and appropriate mitigants associated with Non-bank Financial Intermediation in the local financial sector;
- Advise Executive Management on regional and international Macroeconomic developments and trends;
- Develop a strategy and supervisory framework for payments and settlement systems;
- Provide requisite training to Supervisory and Regulatory Divisions on Macroprudential Policy;
- Plans, directs, and delegates all projects and assignments of the Financial Stability & Macroprudential Monitoring Group;
- Oversee the development, implementation and maintenance of effective Macroprudential guidance and procedure manuals; and
- Co-ordinate and contribute research for Financial Stability & Macroprudential Monitoring to provide recommendations about legislation, regulations, rules, guidance and supervisory practices applicable to the supervision of the Financial Industry.
REQUIREMENTS:
- A Master’s degree from an accredited institution in Economics, Statistics, Finance, or Risk Management; and six years relevant experience at a senior management position with a financial sector regulator or an international standard setting body such as the IMF or World Bank.
- A relevant professional qualification such as CPA, CA or CFA would be an asset.
- Expert knowledge of Financial Stability and Macroprudential Supervision;
- Extensive experience in the development and conduct of financial sector stress testing;
- Knowledge of Regulatory Framework – Legislation/Policies relating to the supervision of financial institutions;
- Extensive experience in assessing supervisory approaches and regulatory framework for compliance with international standards;
- Knowledge of Anti-Money Laundering/KYC requirements and the application of same would be an asset;
- Proven ability to lead and manage multi-disciplined teams, delivering outputs in adherence to established timeframes; and
- Excellent writing, communication and presentation skills.
(Only shortlisted candidates will be notified)
Application for Employment
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