Senior Analyst I & II
The Senior Analyst rotates throughout each functional unit and 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 by the Analysts of new funds and directors and provide guidance to them when risk rating registrants/licensees;
• Oversee the process of new licence applications and the preparation of submissions;
• Brief senior management on any suspicious, concerning and/or usual information, including but not limited to press releases and whistle blowing provisions;
• Oversee the due diligence assessment on persons applying to act in the capacity of operators, senior officers and/or shareholders;
• Ensure preparation of pre-meeting notes/data by the Analysts and actively participate in meetings with licensees;
• Keep up-to-date with commercial events at home and abroad in order to be aware of matters that could affect registrants or licensees;
• Conduct timely reviews and sign-offs on termination/deregistration files and liaise with the Legal and Compliance Divisions to ensure the ongoing monitoring of problem funds;
• Assess and participate in the risk-rating of problem entities in accordance with CIMA’s internal risk weighting criteria;
• Prepare or supervise the preparation of Enforcement Memos for regulatory action on problem entities that are of material concern and have severe regulatory breaches;
• Conduct financial reviews of funds in order to execute role responsibilities, interpretations, analysis, and reporting on the implications of the financial statements;
• Conduct financial reviews of more complex registrants and licensees and provide guidance to Analysts around non-routine enquiries on audit extension/waiver/exemption requests;
• Lead on-site inspections, including pre and post activities, i.e. attend, minute, and lead various meetings with licensees, participates in the annual risk analysis of the licensees and proposes sound recommendations, analyze financial statements, and other relevant information; and
• Provide ongoing coaching, technical advice, and guidance to assist Analysts in performing their duties optimally.
GENERAL REQUIREMENTS:
• Specific knowledge of auditing and accounting principles and analytical skills to analyze the implications of financial statements as they relate to funds and fund administrators (or securities) companies
• Specific knowledge of the Mutual Funds Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Funds and Fund Administrators;
• Specific knowledge of current local and international regulatory practices; and
• Proficiency in Microsoft Office applications, especially MS Excel, Word, and PowerPoint.
QUALIFICATIONS AND EXPERIENCE:
Senior Analyst I
• 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, with at least three (3) years regulatory experience.
• A professional qualification related to accounting or investments would be an asset.
• Direct experience from a regulatory environment, particularly in funds, would be beneficial.
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, with at least four (4) years regulatory experience, with two (2) years supervisory experience.
• A professional qualification related to accounting or investments would be an asset.
• Direct experience from a regulatory environment, particularly in funds, would be beneficial.
(Only shortlisted candidates will be notified)
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