Risk Assessment Officer, Microcredit Regulatory Oversight Department, Finan at Bank of Jamaica

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Full Time

Start Date

Immediate

Expiry Date

07 May, 26

Salary

0.0

Posted On

06 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management Principles, Accounting Principles, IFRS Knowledge, Financial Statement Analysis, Investigative Skills, Analytical Skills, Research Skills, Organizational Skills, Time Management, Writing Ability, Presentation Skills, Relationship Building, Working Under Pressure, Teamwork, Interpersonal Skills, Diplomacy

Industry

Financial Services

Description

Applications are invited from suitably qualified members of staff to resource the role of Risk Assessment Officer, Microcredit Regulatory Oversight Department, Financial Institutions Supervisory Division. Reporting to the Head, Microcredit Regulatory Oversight Department, Financial Institutions Supervisory Division the successful candidate will be responsible for: Receiving, collating and analyzing data submitted by MCIs against predetermined standards in order to: (1) understand risks inherent in the microcredit sector and (2) categorize microcredit institutions based on their individual levels of risk. Building out/recommending components of the risk-based criteria for selection of MCIs for onsite inspection. Assisting with engaging microcredit institutions during the data collection process. Reviewing and verifying data and information to ensure the quality and completeness of data submissions in conformity with project objectives. Participating in on-site inspections where necessary to support the development of risk-management framework. Documenting findings and creating initial risk profile of the microcredit sector. Maintaining effective working relationships with stakeholders and licensees to assist in advancing the risk assessment. Preparing information collection instruments and requests consistent with the assessment workplan. Keeping abreast of current and related legislations as well as developments in other jurisdictions. QUALIFICATION AND EXPERIENCE Undergraduate degree in Risk Management, Actuarial Science, Banking and Finance, Economics or other related quantitative discipline plus 3 years’ related working experience. SPECIFIC KNOWLEDGE AND SKILLS REQUIRED Knowledge of risk management principles, accounting principles and standards inclusive of the IFRS, particularly as they relate to the recognition and measurement of financial assets and liabilities. Ability to effectively interpret and analyse financial statements. Investigative, analytical and research skills. Organisational and time management skills. Communication skills, including strong writing ability and effective presentation skills. Ability to establish, build and maintain effective working relationships with staff and clients to facilitate the provision of support. The ability to work intensely and under pressure, without compromising the delivery of accurate, timely and relevant data. The ability to work in a team-oriented environment. Ability to liaise effectively with stakeholders (by being emotionally intelligent and diplomatic). Good interpersonal relationship skills SPECIAL CONDITIONS ASSOCIATED WITH THE JOB Exposed to highly confidential information. Required to work beyond normal working hours, when necessary, in order to meet deadlines. Extended period of concentration on exacting details. Exposure to unpredictable work demands related to developments beyond the control of and external to the Division. Exposed to stressful work-related conditions. Exposed to tardiness of financial institutions in the submission of data. Interested persons who meet the above requirements should complete the application form with cover letter and full resume no later than Thursday, 19 February 2026. NB. Only short-listed candidates will be able to access the panel interview.

Responsibilities

The officer will receive, collate, and analyze data from Microcredit Institutions (MCIs) against standards to understand sector risks and categorize institutions based on individual risk levels. Responsibilities also include building risk-based criteria for inspections, assisting with data collection, and documenting findings to create an initial risk profile for the microcredit sector.