Head of Banking

Our client seeks a Head of Banking to join their team.

Role Profile: This is a senior leadership role responsible for overseeing all aspects of supervision and maintenance/development of the regulatory framework applicable to the Island's banking sector, and other sectors or firms allocated to the team from time to time.

The postholder contributes to the Authority's mandate by leading the effective and efficient prudential and conduct supervision of banks and other entities such as
-money and payment services providers and credit unions falling within the Banking Supervision team's remit.

This includes ensuring that robust supervisory controls, processes and engagement are in place, that supervisory activity is risk-based and proportionate, and that the banking supervisory plan is delivered in a prioritised manner alongside demand-led matters and cross-Authority priorities.

The role provides strategic leadership to the Prudential Supervision Division (alongside the Head of Insurance), leads the Banking Supervision team, contributes to the development and maintenance of the Island's banking regulatory framework in line with international standards, and supports the Executive Team in strategy setting, horizon risk scanning and positive cultural leadership.

You will be expected to demonstrate flexibility in the performance of their duties and responsibilities. From time to time, you may be required to undertake additional duties, projects, or responsibilities that are commensurate with the level of the role. This may include providing support or cover for other teams, functions or areas to ensure business objectives and operational requirements are met.

Key Responsibilities:

Primary

• Lead the Division's remit pertaining to banking supervision and associated regulatory frameworks.
• Lead the work of the Banking Supervision team, ensuring completion of agreed deliverables and the smooth running of the team in an efficient and prioritised manner.
• Oversee the risk-based prudential and conduct supervision of banks, credit unions and other entities within the Banking Supervision remit.
• Manage and develop a professional team to optimise delivery of supervisory priorities, business-as-usual activity and the divisional plan.

• Effectively manage staff through leadership, coaching, stretching objectives and meaningful development plans to facilitate a high-performing, engaged and accountable team.
• Lead the implementation and delivery of the Authority's Supervisory Methodology for banking and other applicable entities, ensuring appropriate use of systems, records, governance and quality assurance.
• Formulate, oversee and deliver supervisory plans for banks (and other relevant entities) by firm, sector risk and theme, using a mix of engagement meetings, inspections, thematic work, requests for information, regulatory colleges and other stakeholder dialogue.
• Oversee firm and sector risk assessments for the banking portfolio, ensuring risk assessments are current, evidence-based and supported by appropriate data and supervisory judgement.
• Identify and assess banking-sector risk trends and supervisory themes.
• Oversee the review of regulatory returns and supervisory information, including prudential and lending returns, ICAAPs, recovery plans, annual regulatory returns, statistical returns and other data submitted by banks.
• Ensure that breaches, complaints, notifications and complex supervisory matters are managed in accordance with Authority procedures, including timely escalation and referral for enhanced regulatory action or enforcement where appropriate.
• Ensure the accuracy, validity, completeness, timeliness and consistency of data in Authority systems, and support improvements to data quality, analytics, automation and reporting.

• Contribute to the development, maintenance and enhancement of the banking regulatory and supervisory framework, including legislation, rules, guidance, policies and procedures, to ensure ongoing alignment with relevant international standards and domestic risk priorities.
• Lead or oversee banking-related policy work streams where relevant including supervisory data, reporting, regulatory perimeter and international standards-related initiatives.
• Develop and maintain effective relationships with banks, the Isle of Man Bankers' Association, the Ombudsman, other Government Departments, other regulators and international bodies.
• Represent the…