Supervisor, Supervision

Division: Supervision

Supervision’s primary function is to oversee the financial services industry to ensure relevant legal obligations and regulatory requirements are met. As part of this, we continually assess whether existing or emerging risks to which Jersey is exposed are being identified, managed and mitigated effectively.

Team: Relationship Managed Supervision, Trust and Company Service Providers and Fund Services Businesses

We work directly with supervised entities using a risk-based approach to ensure that risks are appropriately identified, managed and mitigated. Through regular engagement with the businesses we supervise, we assess regulatory risk, develop our understanding of the sector and, in collaboration with colleagues across the JFSC, take appropriate action where necessary.

Role: Supervisor, Relationship Managed Supervision, Trust and Company Service Providers and Fund Services Businesses (Permanent/Full-time)

The successful candidate will join the JFSC at a key stage in its development as it seeks to play an enhanced role in the continued success of Jersey as a highly regarded International Financial Centre. The candidate will deliver the following outcomes:

• Effective delivery of the supervision of businesses in line with the agreed risk-based approach, centred on risk mitigation, and in line with regulatory and financial crime requirements.
• Effective utilisation of the risk model when identifying escalating levels of risk, with appropriate follow up action being demonstrated.
• Delivery of activities in line with agreed processes, SLAs and KPIs for quality, timeliness, and efficiency.
• Delivery of timely, accurate and well-articulated guidance and feedback on known and emerging financial crime risks relevant to the Trust and Company Service Provider andFund Services Business sectors.
• Maintaining high quality of data entry, record keeping/filing that is compliant with the law and helps build insight into trends and improve business integrity.
• Effectively building a strong network of internal stakeholders across Supervision and the wider JFSC to ensure appropriate execution of regulatory responsibilities.
• Actively identify, recommend, and implement continuous improvements to internal working practices and procedures.

You will add value to the organisation by:

• Contributing to the JFSC’s mission to maintain Jersey’s position as a leading International Finance Centre with high regulatory standards supporting its role in combatting financial crime as part of the wider international effort.
• Applying a risk-based approach to supervising firms across the Trust and Company Service Provider and Fund Services Business sectors, reviewing and assessing the effective and appropriate management and mitigation of risks.
• Supporting the JFSC in expanding its understanding of existing and emerging risks.

What will success in this role look like?

• In this role, success means developing effective relationships with supervised entities, applying a robust risk-based approach to supervision, and identifying and addressing regulatory and financial crime risks in a timely and proportionate manner, thereby supporting high standards of compliance and business integrity.