Head of Division
The Head of Division - Onsite Inspections (“HOD”) in conjunction with the Heads and Deputy Heads of the regulatory Divisions will plan, direct and delegate actions, projects and work assignments to ensure that all on-site inspections incorporate all of the core set of risk-based supervisory principles, standards and uniform procedures to achieve the legislative requirements, goals and objectives of the Unit and CIMA.
RESPONSIBILITIES:
- The successful candidate will:
- Develop and continually monitor a comprehensive inspection program for the Authority that incorporates the relevant risk-based supervisory principles, standards and uniform procedures.
- Develop and implement manuals and procedural documents for the inspection processes.
- Plan and direct an annual inspection programme to ensure the Authority’s regulatory objectives are achieved and that licensees and registrants activities are in line with regulatory requirements.
- Coordinate and manage the onsite inspections of high risk entities and conglomerates;
- Recommend the imposition of constraints on the activities of any financial institutions where an onsite inspection or ongoing surveillance indicates that such action is necessary;
- Serve as a strategic liaison with the industry to initiate and improve the application of the Authority’s regulatory standards and industry best practices;
- Manage and coordinate projects to ensure on-site inspection practices and policies are aligned with international standards and best practices;
- Provide recommendations about legislation, regulations, rules, guidance and supervisory practices applicable to the supervision of the Financial Industry;
- Research, collect, prepare and deliver pertinent information to internal/external stakeholders;
- Prepare quarterly divisional budget reports and monthly divisional project and strategic reports for submission to the Chief Supervision Officer; and
- Produce a biannual publication to notify the public of lessons learnt based on inspection findings/ enforcement actions.
- Implement processes and provides leadership to ensure performance outcomes and measures are developed and learning and development are addressed; and
- Is a positive ambassador and establishes a culture of customer excellence and collaboration.
REQUIREMENTS:
- A Bachelor’s degree from an accredited institution in Finance or Accounting
- A relevant professional qualification CPA, CA or CFA;
- Anti-Money Laundering and or Fraud Prevention & Detection Designation.
- Ten years relevant experience at a senior management position in the financial industry, including four years’ supervisory/regulatory and/or audit management experience.
- Expert knowledge of generally accepted auditing / accounting standards and extensive experience in analyzing financial statements;
- Specialized knowledge of governing documents and financial statements to analyse the implications of financial statements as they relate to financial institutions;
- Specialized knowledge of emerging onsite inspection/audit techniques, and up-to-date knowledge of domestic and international financial and economic events;
- Extensive experience in assessing risk management and internal control compliance;
- Expert knowledge of Anti-Money Laundering/KYC requirements and the application of same;
- Extensive knowledge of Regulatory Framework – Legislation/Policies relating to the supervision of financial institutions.
- Advanced communication and presentation skills;
- Extensive managerial and strategic planning skills; and
- Computer literacy, particularly Microsoft Office applications.
Direct applicants only. Applications received from agencies will not be accepted at this time.
Application form may be completed online by visiting cima.ky/careers
Salary: CI $139,590 - $183,831 per annum
Application Deadline: 20 August 2025
(Only shortlisted candidates will be notified)
Application for Employment
Sign up for our E-alerts
Be the first to know about releases and industry news and insights.