Career Opportunity - Analyst

The Financial Services Commission (FSC), is an integrated regulatory body established on April 1, 2011 by virtue of the Financial Services Commission Act (2010).  It is charged with the responsibility for supervising and regulating non-bank financial institutions in Barbados, particularly those entities in the insurance, credit union, securities and occupational pensions sectors.

Position Summary
The Analyst, under the supervision of the Senior Analyst, will be responsible for monitoring and supervising regulated entities including conducting risk-based assessments and processing applications of various types.

Main Duties and Responsibilities
▪ Evaluates applications including those for registration and licensing of entities and provides appropriate recommendations.
▪ Evaluates other forms of regulatory applications, requests and submissions and prepares papers with appropriate recommendations.
▪ Develops and implements individual supervisory plans for entities:
o Conducts ongoing offsite monitoring and evaluation of the financial health, compliance, and risk management of registrants/licensees, including developing and updating risk-based reviews of registrants/licensees, preparing examination reports and findings letters, developing, and presenting risk and entity profiles, and sector assessments using information submitted and other market intelligence
including complaints and tips.
o Participates in onsite examinations of the entity inclusive of assessing policies, testing compliance, participating in meetings, and preparing the relevant working papers and reports.
o Makes recommendations for corrective action and engages in follow up on the action plans submitted to ensure that corrective action is taken by the entities.
▪Receives financial, operational, and other related data from the regulated financial institutions and market data and evaluates trends and makes recommendations for further or corrective action.
▪ Participates in the evaluation of new and emerging financial products and services and assists in the development of appropriate responses and recommendations regarding their regulation and supervision.
▪ Evaluates financial services products, services, and related documentation including offering documents, insurance policy documents, and amendments thereto in accordance with the FSC’s supervisory programme, and provides recommendations.
▪ Evaluates material and other changes to entity information and makes appropriate recommendations for actions to be taken.
▪ Prepares reports and other information for internal and external stakeholders regarding regulatory matters.
▪ Reviews, assesses, and responds to regulatory and other queries.
▪ Participates in the formulation of policy, regulations, and legislative recommendations for the overall system of financial regulation of the relevant entities and individuals.
▪ Assists in the collation of all financial and operational data from financial institutions and the maintenance of a statistical database of quarterly and annual returns and other related documents and the computation of any necessary industry ratios and analysis.
▪ Assesses complaints and market tips and engages with internal and external stakeholders to address the issues presented.
▪ Processes ancillary applications including applications related to remittance of foreign currency.
▪ Performs due diligence including ‘Fit and Proper’ tests on the principals of regulated institutions and persons as required.
▪ Maintains public registers including shares registers, corporate records and a listing of registrants and licensees as well as coordinates the publication of lists as required by the relevant pieces of legislation.
▪ Prepares registration certificates and licenses for relevant persons/entities.

▪ Processes share adjudications and makes appropriate recommendations to the assigned Senior Analyst.
▪ Participates in stakeholder engagement initiatives as required.
▪ Performs other related duties as assigned. 

Experience and Qualifications
▪ A Bachelor's degree with concentration in finance, mathematics, statistics, actuarial science, data science, or economics or related degree or professional qualification.
▪ Three years’ experience in performing relevant risk analysis, auditing, or financial management or related field.

Knowledge, Skills, and Attributes
▪ Understanding of risk management and regulatory frameworks.
▪ Proficiency in spreadsheet analysis, database management and word processing applications.
▪ Good financial and evaluation skills.
▪ Excellent attention to detail and strong analytical skills.
▪ Strong oral and written communication skills and the ability to effectively interact with individuals at various levels across the organization.
▪ Good interpersonal skills.
▪ Strong organisational and administrative skills.

All interested candidates should demonstrate in their Curriculum Vitae how their experience, achievements and qualifications would be a good match for this role. The CV should be sent no later than May 22, 2025.