Manager - Banking (Prudential Supervision)

Searchandselect; Douglas; On-site; GBP 70,000 - 110,000; Full time

Job summary

Isle of Man Financial Services Authority invites applications for a Manager - Banking (Prudential Supervision). The role focuses on supervising a portfolio of regulated banks, applying risk-based methodologies and delivering supervisory outcomes in line with UK and international standards.

The position requires substantial banking regulation experience, strong stakeholder skills and the ability to lead inspections and responses to technical queries.

Qualifications

• Hold or be willing to work towards a relevant professional qualification.
• Evidence of Continual Professional Development.
• Extensive banking or equivalent experience in compliance, assurance, risk or audit.
• Proven experience with a financial services regulator, ideally in a supervisory role.
• Strong knowledge of banking sector legislation, regulation and guidance.

Responsibilities

• Supervise a portfolio of banks effectively and efficiently.
• Support the Prudential Supervision Division and other divisions as required.
• Deliver supervisory methodology and risk-based engagement for banks.
• Handle regulatory returns and technical queries from banks.
• Lead or assist supervisory inspections and stakeholder engagements.
• Maintain relationships with regulated entities, regulators and industry bodies.
• Log breaches and complaints and drive remedial actions.

Skills

Banking supervision

Stakeholder engagement

Regulatory knowledge

Data analysis

Leadership

Communication

Microsoft Office

Education

Relevant professional qualification

Tools

Microsoft Office

Job description

Our client seeks a Manager - Banking (Prudential Supervision)

Profile: To undertake effective and efficient supervision of regulated entities ensuring that they meet the requirements of the legislation relating to the Banking sector.

Key Responsibilities:

• To undertake the effective and efficient supervision of a portfolio of banks;.
• To assist the banking supervision team (Prudential Supervision Division) in completing all deliverables; and to support the Prudential Supervision Division more widely, as well as other Divisions of the Authority.
• 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 Authority'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 Authority'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 Authority 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 - Banking (Prudential Supervision) 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 our 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.
• Contribute to the ongoing development of regulatory systems and controls.
• Supervision) and carry out any other duties as required.
• Comply with the requirements set out in the Staff Handbook and other operational policy and procedures issued by the Authority.
• Set an example to staff to maintain and develop a positive professional culture within the
• Authority and in line with the Authority's values and behaviours.
• Input into supervisory strategy and plans for regulated entities.

Key Skill and Experience:

• Hold or be willing to work towards a relevant professional qualification.
• Evidence of Continual Professional Development.
• Extensive relevant banking, or equivalent industry experience in a compliance, assurance, risk or audit role.
• Proven experience working for a financial services regulator, ideally in a supervisory type 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.
• Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally.
• Demonstrates effective interpersonal, verbal and written communication skills.
• Experienced user of Microsoft Office suite.
• Ability to work on their own initiative as well as part of a team.
• 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.

Quote job ref: 16906

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