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Cayman Islands
Cayman Islands Monetary Authority
PO Box 10052, 80 Shedden Road
Elizabethan Square,
Grand Cayman KY1 - 1001
CAYMAN ISLANDS
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+1 (345) 949-7089

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Mon - Fri: 8.30 AM - 5.00 PM

Deputy Head - Fiduciary Services Division


With oversight from the Head of Division, the Deputy Head manages the day-to-day operations of the Division, both on an on-site and off-site basis by providing guidance, assistance to and supervision of the Division’s staff to achieve the legislative requirements and the goals and objectives of the Division and CIMA.

RESPONSIBILITIES:

The successful candidate will:

  • Plan and delegate the offsite monitoring and onsite inspection process and respond to enquiries from external agencies relating to problem entities;
  • Inform the Head of Division and the Deputy Managing Director – Supervision of any “off-standard” situations and recommend the imposition of constraints on the activities of any licensee where an inspection or surveillance indicates that such action is necessary;
  • Develop and implement standards, policies and practices for the inspection process, and propose appropriate and sound recommendations accordingly;
  • Attends and chairs meetings with licensees and representatives of the financial industry to discuss concerns, recommendations or other matters relating to compliance with best supervisory practices, including AML/CFT practices;
  • Review and finalize inspection reports, enforce the required recommendations for improvements, and follow up to ensure compliance with recommendations;
  • Liaise with the Head of Division in developing new regulations or directives and recommend relevant amendments to the legislations;
  • Plan, direct, maintain all projects and assignments of the Division;
  • Respond to complex Divisional issues and conduct sound managerial analysis to determine the appropriate recommendations to be employed;
  • Research, collect, and present pertinent information to internal or external stakeholders to bring about the successful execution and completion of specific project goals and objectives; and
  • Efficiently deliver strategic objectives through effective management and coaching, ensuring the continued development and implementation of a learning & development program.

REQUIREMENTS:

  • A Bachelor’s degree from an accredited institution in a finance related field; and
  • Eight (8) years’ experience in a relevant position in the financial industry including five (5) years supervisory/regulatory and/or audit or AML compliance experience with five (5) being in a middle management position.
  • A Master’s Degree or professional qualification/designation would be an asset.
  • Significant knowledge of the Companies Management Law, The Directors Registration and Licensing Law, 2014 and the Banks and Trust Companies Law, Regulations, and relevant Rules, Statements of Guidance and Policies relating to the supervision of trust companies, and company managers;
  • Advanced knowledge of Cayman Islands AML/CFT regulatory regime;
  • Advanced knowledge of emerging supervisory techniques, and up-to-date knowledge of domestic and international financial and economic events;
  • Excellent oral and written communication and presentation skills; and
  • Proven exceptional managerial, project management, and analytical skills.

Salary: CI $80,240-$99,680 per annum

(Only shortlisted candidates will be notified)

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