Competencies
Core Competencies
Stakeholder Perspective
- Communications Communicates openly and effectively.
Flexibility
- Demonstrates ability to embrace change in a constructive manner and engages positively in giving effect to the change.
Professional Ethics and Integrity
- Takes responsibility for their own actions.
- Is trustworthy.
- Shows respect to colleagues.
- Maintains confidentiality of information.
Pursuit of excellence
- Strives to produce work of a consistently high quality, exceeding expectations where possible.
Teamwork
- Participates in and contributes to teams in an effective and positive manner.
Primary role
Regulatory Officer
Stakeholder Perspective
- Correspondence - Writes comprehensive and accurate letters, memos and reports.
- Meetings - Takes clear minutes of meetings, forwards these promptly to meeting participants.
- Makes changes, as required, in a timely and accurate manner.
Internal Perspective
Application Processes
- Gives thorough consideration to applications received by the Division.
- Follows up, promptly, matters which require clarification.
- Is an active contributor to the preparation of an assessment of
applications including ensuring that fit and proper checks on key
individuals are carried out diligently.
- Prepares application recommendation paper for the Chief Executive’s Committee.
FSC Databases
- Ensures that the applicable databases used by the FSC are accurate and maintained/updated in a timely and accurate manner.
- Processing of Supervisory Chases, processes, analyses and follows-up
submission by regulated firms of FSC Returns returns in a timely
manner.
- Interfaces with the regulated firm to clarify or correct errors or
issues arising in an effective and professional manner.
- Compiles accurate and meaningful reports summarising issues arising from
returns or information received.
- Promptly informs the Head of Division (or Manager) of late or missing returns.
Prudential Requirements
- Effectively monitors that regulated firms comply with prudential
requirements through the examination of returns and financial statements and
measures the impact of these upon the market.
- Intervenes, where necessary, whenever a breach in the regulatory requirements by a regulated firm has occurred and takes appropriate corrective action or recommends enforcement action.
Risk Assessment Processes
- Carries out the programme of risk assessments for the
Division including review of the Firms risk assessment questionnaires,
planning for on-site work and writing of preliminary assessment of risk
assessment in accordance with the organisation's objectives and
methodologies.
- Collates and analyses the risk assessment questionnaires and conducts
preliminary risk assessment including, on-site action plan, risk areas
and possible mitigation action in a timely manner and dedicates the
resources necessary to conduct this efficiently.
- Collaborates with the Head of Division in preparing the formal assessment of the firm, including drafting of initial and formal risk feedback letter.
Learning and Growth Perspective
- Cross Training (Inwards) Trains other colleagues in the approach and processes which are specific to their own Divisions.
- Cross Training (Outwards) Participates and contributes to the work of other Divisions.
Legislation
- Develops greater understanding of applicable legislation.
Prudential Standards
- Becomes familiar with the prudential and regulatory requirements applicable to the regulated firms within the Division’s responsibilities.
How to apply
Send an up to date CV and a covering letter setting out why you feel you would be suitable for the role, to the Financial Services Commission, at the address below, marked "Graduate Entry Vacancy".
Successful applicants will be invited to attend an interview (approx. 30 mins) and may be required to sit a written test (40 mins).
Closing date for applications is 31 August 2010.
Applications should be addressed to:
Chief Operations Officer
Graduate Entry Vacancy
Financial Services Commission
PO Box 940
Suite 3, Ground Floor
Atlantic Suites
Europort Avenue
Gibraltar