MANAGER, SECURITIES – FIXED TERM CONTRACT

The Financial Services Commission (FSC) is Jamaica’s integrated supervisor and regulator for non-deposit-taking financial services. Its mandate includes the regulation and supervision of the securities, insurance, private pensions, and trust and corporate services provider industries. Through licensing, monitoring, oversight, enforcement, stakeholder engagement, and the promotion of sound governance and risk-management practices, the FSC works to protect consumers, strengthen market integrity, and support confidence, stability, and orderly development within Jamaica’s financial services sector.

WHY JOIN THE FSC?

The FSC is operating at a pivotal moment in Jamaica’s financial sector, with an increased focus on stronger oversight, market confidence, consumer protection and institutional transformation, including greater use of data and technology in supervision and the development of digital and tokenised capital markets. Joining the FSC now offers a supervisory leader the opportunity to contribute to meaningful national impact, strengthen trust in the financial system, and help shape a modern, responsive and respected regulatory institution.

ABOUT THE ROLE

Reporting to the Senior Director, Securities, the Manager leads a team of four Senior Analysts in the risk-based prudential and market conduct supervision of entities licensed under the Securities Act, including securities dealers, investment advisers and managers of collective investment schemes. The focus is on investor protection, the safety of client assets, market integrity and the orderly development of Jamaica’s capital markets. The Manager owns a portfolio of licensees across the full supervisory cycle (risk assessment, supervisory planning, monitoring, intervention and follow-up), contributes to regulatory, legislative and policy reform, and supports the FSC’s transformation agenda, including data-driven supervision and the regulatory framework for digital assets and the tokenisation of capital markets.

KEY ACCOUNTABILITIES

• Managing a portfolio of licensees under the Securities Act and the Unit Trusts Act, maintaining current risk ratings, institutional risk profiles and annual supervisory plans calibrated to each licensee’s size, complexity, business model and group structure, with a view to protecting the interests of the public.
• Overseeing the ongoing monitoring of licensees’ financial condition and compliance with the Securities (Prudential) Regulations, 2014 and related guidelines, including capital adequacy, liquidity, large exposures, early warning tests and dividend distribution, and with the retail repo framework, including allowable assets, trust arrangements and client asset coverage; ensuring timely escalation of breaches and adverse trends.
• Overseeing the supervision of market conduct under the Securities (Conduct of Business) Regulations, 1999, the Market Conduct Guidelines for Securities Dealers and the Disclosure Standards for Securities Dealers, including the governance of conduct risk, conflicts of interest, suitability, client agreements and disclosure, the segregation and reconciliation of client assets, marketing, complaints handling and the fair treatment of clients.
• Overseeing the supervision of collective investment schemes (unit trusts and mutual funds) against the Guidelines for Collective Investment Schemes and related conflict of interest and risk management requirements, with particular attention to valuation, liquidity management and investor disclosure.
• Identifying and referring potential market misconduct, including insider dealing, market manipulation and unlicensed securities activity, and checking that investment advisers and other licensees operate within the scope of their licences.
• Planning and overseeing on-site examinations and targeted or thematic reviews of licensees in the portfolio, and ensuring that findings are communicated through supervisory letters, remediation is tracked and matters are closed out on a timely basis.
• Reviewing and analysing policies, procedures, regulations and guidelines to support the development of a robust, compliant and well-regulated securities industry; assessing their impact on the industry and providing recommendations to the Senior Director, Securities.

• Leading and developing the team by allocating portfolios and assignments, quality-assuring and approving supervisory assessments, reports and correspondence, setting performance objectives, conducting appraisals, and identifying training and development needs.

• Assessing emerging developments and risks within the securities industry, including through thematic analysis and stress testing, evaluating their potential implications for financial stability, market integrity and investor confidence, and designing and implementing proportionate regulatory interventions.
• Preparing industry reports, risk assessments and analyses for the Senior Director, Executive Director, Board of the FSC, Financial Regulatory Council meetings and the Minister.
• Supporting the Senior Director with special projects and strategic initiatives aimed at the development of the securities industry, including the review and modernisation of the Securities Act, its regulations and guidelines, and frameworks for Collective Investment Schemes and other allied products subject to regulation.
• Recommending and implementing supervisory interventions in line with the FSC’s Ladder of Enforcement, including heightened monitoring, directions, conditions on licences and referrals to Enforcement and Legal; preparing supervisory case files; and assisting the Senior Director in developing strategies to address problem institutions, including measures to facilitate their rehabilitation or ensure an orderly exit from the market that protects client assets.
• Providing supervisory input on licensing and registration applications, changes in control, and fit and proper assessments of directors, senior officers and substantial shareholders of licensees.
• Initiating, managing and completing projects to ensure that regulatory practices and policies remain aligned with international standards, including the IOSCO Objectives and Principles of Securities Regulation, and liaising with the Bank of Jamaica on licensees within financial groups, and with the Jamaica Stock Exchange, the Jamaica Central Securities Depository and regional regulators on supervisory matters.
• Championing data-driven supervision, including the design and use of regulatory returns, analytics, automated early-warning indicators and supervisory technology (SupTech) tools, and assessing licensees’ technology, cyber and operational resilience risks in line with the FSC’s Industry Guidance on the Management of Cyber Risks.
• Supporting the FSC’s innovation agenda, including the development of the regulatory approach to digital assets, tokenised securities and distributed ledger-based market infrastructure, and the supervisory assessment of related applications and business models.

QUALIFICATIONS & EXPERIENCE

• A Master’s degree in Finance, Economics, Accounting, Law, Actuarial Science or a related discipline from a recognised institution, or a senior professional designation (such as CFA, FRM, ACCA or CPA) combined with equivalent experience.
• A recognised professional qualification in finance, investment, accounting or risk management, such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM), ACCA or CPA, would be an asset.
• A minimum of seven (7) years’ progressive and relevant professional experience in a comparable environment, preferably within a financial regulatory authority, a securities dealer or investment manager, or the risk, compliance, treasury or audit function of a financial institution.
• A minimum of three (3) years’ proven experience in supervising, leading and developing professional teams, with demonstrated ability to manage performance and deliver results.
• Demonstrated experience in financial and risk analysis, prudential and/or market conduct supervision, regulatory oversight, policy and regulatory development, industry monitoring and/or financial market analysis.
• Sound working knowledge of the Securities Act, the Securities (Prudential) Regulations, the Securities (Conduct of Business) Regulations, the Unit Trusts Act and related FSC guidelines, and a strong understanding of financial markets, risk management principles and emerging developments within the financial services industry.
• Demonstrated ability to interpret complex financial, regulatory and industry information and translate analysis into sound recommendations and strategic interventions.
• Experience contributing to the development or implementation of regulatory frameworks, policies, guidelines or legislative initiatives would be an advantage.
• Demonstrated ability to manage complex projects and initiatives, engage effectively with senior stakeholders and deliver high-quality outputs within established timelines.
• Demonstrated knowledge of data analytics and supervisory or regulatory technology (SupTech/RegTech), including the use of artificial intelligence, would be an asset.
• Knowledge of digital assets, tokenisation and distributed ledger technology, and an understanding of cyber and operational resilience risks in financial institutions, would be an asset.

THE IDEAL CANDIDATE

• Strategic, analytical and results-oriented professional.
• Strong knowledge of securities regulation, prudential and market conduct supervision, financial markets and regulatory risk.
• Strong leadership, communication and stakeholder management skills.
• Demonstrated ability to analyse complex issues and develop effective regulatory strategies.
• Sound judgement and strong decision-making capabilities.
• Collaborative, proactive and detail oriented.
• Ability to manage multiple projects and competing priorities effectively.
• Forward-looking and comfortable leading change, including the adoption of new technology and data-driven ways of working.
• Strong commitment to regulatory compliance, investor protection and international standards, including the IOSCO Objectives and Principles.

If you are ready to make a meaningful impact in Jamaica’s securities industry, we invite you to bring your expertise, leadership and insight to this important role.

Interested candidates are invited to submit a cover letter and résumé by email to:

vacancy@fscjamaica.org

Application Deadline: October 9, 2026

We appreciate all applications; however, only shortlisted candidates will be contacted.