Senior Analyst I & II
The Senior Analyst is responsible for conducting a full range of supervisory and monitoring functions over the work of the Division. In addition, the Senior Analyst provides guidance and oversees the work of a team of Analysts to achieve the legislative requirements and the goals and objectives of the Division and CIMA. [At the Senior Analyst II level, with more exposure to complex workflows, there is a higher level of accountability and decision-making and the expectation that there is a larger team of analysts to supervise, to develop and to provide leadership for].
RESPONSIBILITIES:
The successful candidate will:
- Oversee the registration process of Registered Persons and directors;
- Prepare or supervise the preparation of Enforcement Memos for regulatory action on problem entities that are of material concern and/or have severe regulatory breaches;
- Oversee the investigation of industry complaints and discrepancies;
- Process new licence applications and draft the submissions to the Management Committee;
- Process new Registered Person applications;
- Ensure ongoing maintenance of registrant and licensee records;
- Conduct timely reviews and sign-off on termination/deregistration files;
- Assess and participate in the risk-rating of entities in accordance with CIMA’s internal risk weighting criteria and/or Division’s risk methodology;
- Follow-up with the relevant service providers to ensure that deficiencies and/or ambiguities in the registration application are resolved;
- Respond to Overseas Regulatory Authority requests and industry enquiries to ensure compliance with international standards, Memorandum of Understanding (MOU) mandates, and CIMA’s principal functions;
- Analyze quarterly and annual returns and financial statements to identify any potential operational, financial and compliance issues;
- Conduct financial reviews of more complex registrants and licensees;
- Make presentations for training or educational purposes; and
- Participate in the production of statistical information in relation to the industry.
GENERAL REQUIREMENTS:
- Excellent written and oral communication skills.
- Specific knowledge of current international regulatory practices; and
- Proficiency in Microsoft Office applications, especially MS Excel, Word and PowerPoint.
- Specific knowledge of auditing and accounting principles and analytical skills to analyze the implications of financial statements as they relate to fund administrators and securities investment businesses.
- Ability to provide ongoing coaching, technical advice, and guidance to assist Analysts in performing their duties optimally; and
- Reviews and supervises the work prepared by Analysts to ensure compliance with all policies, procedures and guidelines.
QUALIFICATIONS AND EXPERIENCE:
Senior Analyst I
- A Bachelor’s degree from an accredited institution – preference given to degrees in Finance, Accounting, Business Administration, Mathematics or Economics and/or five (5) years’ experience in a relevant position in the financial industry; and three (3) years regulatory experience.
- A securities investment business or professional certification/designation such as ACCA, CPA, CFA, CFE, LLB would be beneficial.
- Specific knowledge of the Securities Investment Business Act (2020 Revision), regulations, relevant rules, guidance, policies and procedures relating to the supervision of securities investment businesses.
Salary Scale: CI$74,218 - $90,018 per annum
Senior Analyst II
- A Bachelor’s degree from an accredited institution – preference given to degrees in Finance, Accounting, Business Administration or Economics and/or five (5) years’ experience in a relevant position in the financial industry; and four (4) years regulatory experience, with two (2) years supervisory experience.
- A professional qualification related to accounting or investments would be an asset.
- Specific knowledge of the Mutual Funds Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Mutual Funds and Mutual Fund Administrators.
Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate need only apply.
(Only shortlisted candidates will be notified)
Application for Employment
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