Analyst I & II
Reporting to the Senior Analyst, the Analyst performs functions relating to the various processes of the Division and monitors an assigned portfolio of licensees and registrants on an off-site basis, as well as participates in risk-based on-site inspections. [At the Analyst II level, with the more complex tasks forming a greater portion of the assigned portfolio, there is a higher level of analysis and decision-making expected].
RESPONSIBILITIES:
The successful candidate will:
- Process the registration of new funds and directors;
- Follow up with the relevant service provider to ensure that deficiencies and/or ambiguities in the fund’s application are resolved;
- Prepare submissions or reports relating to licence applications/revocations;
- Respond to and processes Overseas Regulatory Authority requests and industry queries in regard to regulated funds or Fund Administrators;
- Perform due diligence on persons applying to act in the capacity of operators, senior officers and/or shareholders of licensees;
- Prepare relevant pre-meeting notes/data for Senior Management, and participate and take concise minutes in meetings with licensees/registrants/other industry participants;
- Conduct a timely analysis of annual returns and financial statements and review and process audit extension/waiver/exemption requests;
- Process entities terminating/de-registering and action entities that appear in the local Gazette under liquidation;
- Assess and risk-rate problem entities and follow up for material updates on entities that are on the Critical Watch list;
- Prepare Enforcement Memos to the Legal and/or Compliance Divisions recommending regulatory action for problem entities that are of material concern or have regulatory breaches; and
- Manage the pre and post inspection process, i.e., drafts pre-inspection and inspection reports, participate in the file assessment and annual risk analysis of licensees, analyze financial statements and other relevant information, and participate in on-site inspections.
GENERAL REQUIREMENTS:
- Knowledge of current local and international regulatory practices;
- Analytical, organizational, research, presentation skills, as well as the ability to work independently;
- Knowledge of the Mutual Funds Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Funds and Fund Administrators would be highly advantageous;
- Ability to interpret and apply various regulatory acts within a financial analytical context;
- Excellent written and oral communication skills;
- Ability to identify and escalate pertinent issues in respect of supervised entities;
- Knowledge of the Mutual Funds Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Funds and Fund Administrators would be highly advantageous; and
- Proficiency in all Microsoft Office applications, especially MS Excel, Word, SharePoint, and PowerPoint.
QUALIFICATIONS AND EXPERIENCE:
Analyst I
- A Bachelor’s degree in a finance related field and/or three years (in the absence of a degree) of relevant and related experience in the finance, financial accounting, auditing, funds or securities industry.
- General knowledge of auditing and accounting principles and ability to analyze the implications of financial statements, as they relate to funds and fund administrators (or securities) companies.
Salary Scale: CI$44,057 - CI$55,117
Analyst II
- A Bachelor’s degree in a finance related field and/or three to five years (in the absence of a degree) of relevant and related experience in the finance, financial accounting, auditing, funds or securities industry, with evidence of continuous advancement/progression.
- Direct experience from a regulatory environment, particularly in funds, would be beneficial.
- Intermediate/advanced knowledge of auditing and accounting principles and ability to analyze the implications of financial statements, as they relate to funds and fund administrators (or securities) companies.
Salary Scale: CI$$63,412 - CI$80,003
Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate need only apply.
Direct applicants only. Applications received from agencies will not be accepted at this time.
Application for Employment
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