Financial Analyst I, Prudential Reporting Unit, Financial Analysis and Monitoring Department, Financial Institutions Supervisory DivisionAccounting & Finance

Bank Of Jamaica

Applications are invited from suitably qualified professionals for the position of Financial Analyst I, Prudential Reporting Unit,  Financial Analysis and Monitoring Department. The successful candidate will be responsible for:

  1. Mining, probing, organizing and analysing prudential data to inform the preparation of statistical, prudential and management reports by way of trend analyses, peer comparisons/assessments and data interrogation techniques.  
  2. Collating and assessing regulatory and market intelligence on licensee-specific and industry-related developments with a view to discerning the actual and potential impact on the supervised system’s performances and financial condition to determine/delineate any implications for threats to safety and soundness. 
  3. Periodically assessing and monitoring licensees’ compliance with liquid assets/cash reserves requirements, capital adequacy, and other established prudential measures.
  4. Preparing standard/special prudential, statistical and management reports that reflect observed trends in prudential data, which is duly contextualized by regulatory and market intelligence for consumption by internal and external stakeholders.
  5. Assisting in the development of dashboards, models (e.g. a dynamic cash flow forecast model), metrics and other tools to equip the relevant stakeholders to be able to proactively assess, measure, monitor and mitigate risks in the financial system.
  6. Assisting in developing survey instruments and analyzing survey results that will serve to inform the detection and mitigation of emerging risks, which will in turn inform the design and implementation of new JamFIRMS forms. 
  7. Assisting in preparing special assignments/assessments in response to internal and external stakeholders’ requests, through inter alia, the demonstration and application of knowledge of the JamFIRMS database, returns, the BSA and other relevant legislation.  
  8. Performing other duties consistent with the nature of the job.

QUALIFICATION AND EXPERIENCE

Undergraduate Degree in Business Administration, Accounting, Banking and Finance, Actuarial Science, Economics, Management Studies or related discipline plus three (3) years related working experience.

Level 1 CFA, CERA, FRM or PRM would be an asset.

SPECIAL KNOWLEDGE AND SKILLS REQUIRED

  1.  Knowledge of the Bank of Jamaica Act, the Banking Services Act, the Financial Institutions’ Acts, Building Societies Act and any other relevant legislation, BOJ directives and regulations.
  2. Understanding of supervisory best practices, legislation and regulation, particularly with regard to Risk Based Supervision methodologies.
  3. Knowledge of the work of the Basel Committee on bank supervision including the Basel Core Principles and other international supervisory standards.
  4. Knowledge of accounting principles and standards inclusive of the IFRS, particularly as they relate to the recognition and measurement of financial assets and liabilities.
  5. Basic knowledge of IT systems and the use of such technologies in the financial services industry.
  6.  Knowledge of banking operations and practices, financial products and services, and developments in the financial sector.
  7. Ability to effectively interpret and analyse financial statements and economic indicators by way of data interrogation and analytical techniques.
  8. Knowledge of risk management and in particular the measurement and management of financial, strategic and operational risks.
  9. Good investigative, research, financial analysis, risk analysis and data interrogation skills.
  10. Good interpersonal skills and demonstrated emotional intelligence.
  11. Good report writing and oral communication skills.
  12. Basic programming skills and knowledge of database applications.
  13. Ability to work on own initiative and to perform under pressure.

SPECIAL CONDITIONS ASSOCIATED WITH THE JOB

  • Exposed to highly confidential information.
  • Requires a high level of integrity and professionalism.
  • Exposed to unpredictable work demands related to developments beyond the control of, and external to the Division.
  • Exposed to extended periods of concentration on exacting detail.
  • Required to work beyond normal working hours, when necessary, in order to meet deadlines.

Interested persons who meet the above requirements should complete the application form no later than Friday, 13 December 2019.

NB. Only short-listed candidates will be able to access the panel interview.


Apply now https://bankofjamaica.applytojob.com/apply/UrFZ6JMCUV/Financial-Analyst-I-Prudential-Reporting-Unit-Financial-Analysis-And-Monitoring-Department-Financial-Institutions-Supervisory-Division




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Job Details

  • Location: Kingston

  • Sector: Public Sector

  • Category: Accounting & Finance

  • Posted On: Nov 30, 2019

  • Deadline: Dec 13, 2019

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