About us

We supervise the island's financial services industry for compliance with both conduct and prudential requirements, and under the anti-money laundering (AML), countering financing of terrorism (CFT), and countering proliferation financing (CPF) framework. The JFSC is one of the few regulators globally to benefit from the Regulator and the entity Registrar operating under a single financial services commission.

Division: Enforcement

The Enforcement team investigates and, where appropriate, recommends and acts against firms and individuals that do not comply with Jersey’s regulatory framework. In doing so, the Enforcement team supports the work of the JFSC by protecting and enhancing the reputation of Jersey as a safe and well- regulated international finance centre.

Enforcement works with a range of internal and external stakeholders that include:

Internal stakeholders: Intelligence Unit, Companies Registry, Supervision Division, Legal and Policy divisions, Executive Directors and the JFSC’s Board of Commissioners.

External stakeholders: Regulated and supervised firms and individuals, members of the public, States of Jersey Police, Law Officer's Department, overseas regulators and the Government of Jersey.

Role: Chief Adviser, Enforcement (Permanent/Full-time)

This is a key strategic role within Enforcement and the successful candidate will report to the Executive

Director of Enforcement. The person in this role will also support internal stakeholders as well as

external agencies to develop and interpret policies related to the laws and regulatory framework in

Jersey.

The successful candidate will join the JFSC at a key stage in its development, as it seeks to play an

enhanced role in the continued success of Jersey as a highly regarded International Financial Centre.

The candidate will deliver the following outcomes:

• Proactively identify and respond to developing international and domestic Enforcement

activities.

• Monitor for updated standards, guidance and enforcement policy and legislative initiatives

both locally and in other jurisdictions, to include the United Kingdom and other Crown

Job Profile: Chief Adviser, Enforcement

To apply for any vacancies at the JFSC, submit an application form along with your CV to careers@jerseyfsc.org

Dependencies, in order for the JFSC Enforcement activities to remain current and lawful, along

with demonstrating best practice.

• Lead and co-ordinate all consultations required to update the JFSC enforcement policy,

including assisting the Executive Director of Enforcement with Scrutiny/Government

meetings, where required.

• Continually assess the effectiveness of the Decision-Making Process (the DMP). Making

recommendations where appropriate. This will include debriefing cases with the Board and

case officers to assess how the DMP is working in practice.

• Contribute to the development of the Enforcement strategy and, at times and where

appropriate, the wider JFSC strategy.

• Make regulatory decisions, in line with the JFSC’s delegated powers. This means you will be

an independent reviewer on Enforcement cases, from time to time.

You will add value to the JFSC by:

• Liaising with and developing strong relationships with key internal and external stakeholders

• Being an active contributor to the JFSC senior leadership team and providing leadership on a wide range of topics across the whole organisation

• Representing the JFSC as required in engagements with the Government of Jersey, relevant representative bodies, international organisations, and regulated firms.

• Bringing expertise to bear on complex matters, making them easier to understand by translating the complex into the simple, and giving advice on how to navigate the complicated in a straightforward way.

What will success in this role look like?

• Delivery against strategy, particularly Enforcement effectiveness and facilitating business

integrity

• Improvement of the JFSC external reputation as a high performing regulator

• Bringing external focus to enable Jersey to remain a competitive IFC keeping pace with global

changes

Are you suitable for this role?

This role would suit a candidate who has:

• A comprehensive understanding of the Jersey regulatory requirements

• Recent experience working in regulatory investigations or experience working with the best

practice principles of investigation and decision-making

• A focussed, disciplined, and analytical approach to work

To apply for any vacancies at the JFSC, submit an application form along with your CV to careers@jerseyfsc.org

• Excellent communication skills, especially with respect to report writing

• Self-motivated with a high level of drive, energy and personal commitment to success

• Ability to work well in a team environment

• A legal background and experience in law is desirable

The skills and attributes of most importance in this role are:

• Strong communication skills.

• Ability to analyse information.

• Exercise of sound and reasoned judgement.

• High level of drive, energy and personal commitment.

Why us?

Working in the JFSC will enable you to join a team people who have purpose, passion, and pride. It offers the opportunity to work alongside people, who are passionate about maintaining Jersey’s position as a leading International Finance Centre with high regulatory standards. This clarity on our purpose is incredibly motivating and we leverage our core values of: Excellence, Professionalism, Respect, Integrity, and Teamwork to deliver our work. Our people are proud of their work and their contribution to Jersey. If you are looking to make a difference, have a unique working experience and contribute to a bigger picture, then think JFSC; a diverse team of people who put their hearts and minds into what they do and have some fun along the way!

Role Profile

About us

We supervise the island's financial services businesses - including financial institutions, designated non-financial businesses and professions and virtual asset service providers for anti-money laundering (AML), countering of the financing of terrorism (CFT) and countering proliferation financing (CPF) purposes. We also regulate financial services for conduct and prudential purposes. The JFSC is one of the few regulators globally to benefit from the regulator and entity registries operating under a single financial services commission.

Division: Supervision

The Supervision division's primary function is to oversee the financial services industry to ensure relevant legal obligations and regulatory requirements are met and to judge if they are being run in a safe and sound manner. As part of this we continually assess whether existing or emerging risks, to which Jersey is exposed, are being effectively managed.

Team: Relationship Managed Supervision

Our Relationship Managed Supervision teams work directly with entities, using a risk-based approach,

to ensure risks are identified, mitigated, and managed through regular interactions with regulated

entities. Prudential supervisors are responsible for maintaining the stability of the financial system

through the supervision of regulated entities, executing the JFSC’s supervisory approach and

collaborating with our policy colleagues to enhance our strategy for the prudential regulatory

framework.

Role: Senior Supervisor, Prudential, Relationship Managed Supervision: Permanent/Full

time

Our Prudential Supervision team is a new addition to our Relationship Managed Supervision teams

and provides an excellent opportunity to help shape how the JFSC implements its approach to

forming views on the business model sustainability, analysing prudential returns, financial

Senior Supervisor, Prudential Supervision Relationship Managed Supervision

accounts, and interviews with Senior Leadership executives, to understand their prudential risks

and mitigation strategies.

You will work with Supervision and Policy colleagues to develop the prudential framework and will

lead the JFSC’s communication and stakeholder management for prudential supervision.

The successful candidate will join the JFSC at a key stage in its development, as it seeks to play an enhanced role in the continued success of Jersey as a highly regarded International Financial Centre. The candidate will deliver the following outcomes:

• Ensuring Jersey is effectively regulated and remains a competitive International Financial

Centre, by effective delivery of:

› The prudential supervision of entities in line with the agreed risk-based approach, supporting the engagement of the JFSC with Senior Leadership, including CFO’s, in conversations about financial resilience and sustainability. › Effective use of the JFSC’s risk model, when identifying escalating levels of risk, with

appropriate follow up action being demonstrated.

› Driving the JFSC’s risk analysis of regulated sectors financial resources.

› The analysis of the financial risk profile of an entity and working with supervisors

to integrate your assessment into the overall JFSC firm risk profile, this includes

identifying capital and liquidity risks and recommend supervisory management

strategies.

› Developing supervisory strategies for capital and liquidity risks identified.

› Active involvement in identifying, recommending, and implementing continuous

improvements to internal working practices and procedures.

› Ensuring activities are completed in line with agreed processes, SLA’s and

measures that matter for quality, timeliness, and efficiency.

• Actively contribute to develop a team of high performing Supervisors who are effectively managing prudential conduct and financial crime risk, by effective delivery of

› Supporting the Senior Manager in coaching and developing colleagues within the team to ensure we have the right expertise within JFSC in relation to business model sustainability. › Actively support with the ongoing performance management of team members to ensure a consistently high standard of output.

• Working effectively with a wide range of internal and external stakeholders to

ensure legislative clarity and understanding, leading to an improvement in

business integrity, by effective delivery of:

› Establishing and maintaining regular communication with stakeholders in the JFSC and

wider Jersey agencies, such as the Jersey Resolution Authority (JRA), and other regulators.

› Supporting the Director of Relationship Managed Supervision in meetings with the JRA

and Government Bodies on the delivery of our supervisory program related to prudential

matters

› Maintaining a cooperative relationship with the finance industry associations, key

banks, and other financial Institutions for a wide variety of prudential matters.

› Coordinating meetings and steering the discussion of JFSC expert groups on issues

related to prudential policy with focus on the strategic themes.

You will add value to the organisation by:

Contributing to the JFSC’s mission to maintain Jersey’s position as a leading International Finance

Centre with high regulatory standards supporting its role maintaining the stability of the

financial system.

Applying a risk-based approach to supervising firms across the regulated sectors, reviewing and

assessing the effective and appropriate management and mitigation of prudential risks.

Supporting the JFSC in expanding its understanding of existing and emerging risks.

Supporting the wider team by deputising for Senior Managers as required.

What will success in this role look like? Delivery of effective and appropriate supervision of entities across all sectors to ensure the mitigation of prudential risks.

Delivery of supervision effectiveness and facilitating business integrity.

Delivery of a strong level of competency amongst the JFSC staff through sharing best practice

and regular coaching of our regulatory responsibilities.

Are you suitable for this role?

This role would suit an individual with a strong interest in business model sustainability with

knowledge of supervision and prudential policy developments and a good understanding of the

broader macro environment and risks to entities business models.

Proven experience of prudential skills, in particular experience of the technical aspects of

regulation relating to capital and liquidity and experience in regulatory and/or supervisory

roles.

A strong knowledge of International regulatory standards, together with an understanding of the Jersey regulatory framework, legal structures, and product offerings.

Ability to represent the JFSC credibly and professionally in both internal and external

meetings.

Why us?

Working in the JFSC will enable you to join a team people who have purpose, passion, and pride. It offers the opportunity to work alongside people, who are passionate about maintaining Jersey’s position as a leading International Finance Centre with high regulatory standards. This clarity on our purpose is incredibly motivating and we leverage our core values of: Excellence, Professionalism, Respect, Integrity, and Teamwork to deliver our work. Our people are proud of their work and their contribution to Jersey. If you are looking to make a difference, have a unique working experience and contribute to a bigger picture, then think JFSC; a diverse team of people who put their hearts and minds into what they do and have some fun along the way!

Hiring Manager: Ellie Sharples

Replacement: (N) (If yes, provide incumbent’s name)

New Role: (Y)

Job Grade: 7 Budget for the role: £74,700 - £80,925

Reporting Line: TBC Role supervises –Job Title(s): TBC

No of Direct Reports: TBC No of Indirect Reports: N/A