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Overview

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

The primary responsibilities of the Manager will be to contribute to the organisation's mandate of ensuring that effective controls and processes and supervisory activity are in place for the efficient supervision of banks and executing a defined engagement model.

Other duties will include:

• Undertake the effective and efficient supervision of a portfolio of banks
• Assist the banking supervision team in completing all deliverables
• Support the Prudential Supervision Division more widely, as well as other Divisions of the organisation
• Responsible for the delivery of the Supervisory Methodology centred on risk-based supervision, including all supervisory activity and engagement associated with a portfolio of banks, ensuring the organisation's systems and procedures are correctly followed and utilised
• Review and respond to technical queries from banks and handle the various regulatory returns, including Prudential/Lending Returns, ICAAPs, Recovery Plans, Annual Regulatory Returns, and other Statistical Returns
• Implement plans to achieve the Prudential Supervision Division's objectives
• Prepare risk assessments for a portfolio of banks in Prudential Supervision
• Identify and assess potential risk trends and supervisory themes
• Lead and/or assist in the undertaking of stakeholder engagement, both internally and externally
• Lead and/or participate in supervisory inspections of banks
• Develop and maintain effective relationships with regulated sectors, other regulatory agencies, relevant industry bodies and government agencies
• Ensure that public enquiries are dealt with timely and efficiently in a courteous and constructive manner
• Ensure breaches, complaints and notifications by banks are logged and dealt with according to the organisation's supervisory procedures, reported to the Senior Manager where required, and manage remedial action to address in a timely manner
• Ensure the accuracy, validity, completeness, timeliness and consistency of data when processing in organisation systems
• Produce and otherwise assist with the production of papers and reports on supervisory matters and periodic reports to Senior Management, the Executive and the Board
• Support the Senior Manager with matters including breaches of the relevant regulatory requirements within the Division's remit
• Develop key relationships both domestically and internationally to further our ability to reduce threats to regulatory objectives through sound supervisory practices and information sharing
• Contribute to the introduction of new or amended legislation, guidance, policies and procedures or frameworks to ensure regulatory requirements remain appropriate and comply with international standards

The Ideal candidate for the role of Manager will have:

• Extensive relevant banking or equivalent industry experience in a compliance, assurance, risk or audit role
• A well-developed working knowledge of the banking sector and associated legislation, regulation and guidance
• Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate
• Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively
• Ability to work under pressure, manage a workload of varied complexity, to manage competing priorities and to deliver against deadlines

Desirable:

• Proven experience working for a financial services regulator, ideally in a supervisory type role
• Strong working knowledge in relation to risk and risk frameworks, including the ability to identify, evaluate, rate, manage and mitigate risks and the ongoing monitoring and review of risks