Head of Banking (Supervision) (O912949)

Overview

We are currently seeking a Head of Banking (Prudential Supervision) for our Douglas-based Client, a leader in fiduciary services, fund administration, and management and investment advice compliance.

The Head of Banking is a senior leadership role responsible for overseeing all aspects of supervision and maintenance / development of the regulatory framework applicable to the Island's banking sector, and other sectors or firms allocated to the team from time to time. You will contribute to the organisation's mandate by leading the effective and efficient prudential and conduct supervision of banks and other entities such as money and payment services providers and credit unions falling within the Banking Supervision team's remit. This includes ensuring that robust supervisory controls, processes and engagement are in place, that supervisory activity is risk-based and proportionate, and that the banking supervisory plan is delivered in a prioritised manner alongside demand-led matters and cross-organisation priorities.

The role provides strategic leadership to the Prudential Supervision Division (alongside the Head of Insurance), leads the Banking Supervision team, contributes to the development and maintenance of the Island's banking regulatory framework in line with international standards, and supports the Executive Team in strategy setting, horizon risk scanning and positive cultural leadership.

You will be expected to demonstrate flexibility in the performance of your duties and responsibilities. From time to time, you may be required to undertake additional duties, projects, or responsibilities that are commensurate with the level of the role. This may include providing support or cover for other teams, functions or areas of the organisation to ensure business objectives and operational requirements are met.

The Ideal candidate for the role of Head of Banking will have:

• Hold a relevant management qualification (ILM or CMI Level 7 or equivalent)
• Extensive relevant industry experience in an operational, banking, compliance, risk, regulatory or audit / accounting role
• Hold a relevant professional qualification relevant to the financial services sector
• Extensive experience in a strategic leadership/management role with the ability to work in a collaborative style
• Extensive working knowledge of the Banking sector and associated legislation, regulation and guidance and understanding of the broader finance industry including trends and developments
• Proven leadership skills providing support, mentoring and coaching that inspires and motivates all team members to reach their full potential
• Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively
• Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally including dealing with difficult/contentious issues and having the ability to challenge on these