Responsibilities:

• Plan, direct and delegate the off-site monitoring and on-site inspection process and all unit projects to ensure goals and objectives of the Unit are achieved in accordance with guidelines, priority considerations and available resources
• Ensure that licensee/registrant activities are in line with the applicable regulatory requirements
• Inform the HOD of any adverse or material issues with respect to a licensee’s/registrant’s risk profile or compliance with the laws, regulations or guidelines
• Respond to enquiries from external third parties relating to VASPs and Fintech innovation entities in order to maintain reputation and public image.
• Keep up-to-date with emerging supervisory techniques and events in the international financial markets in order to be aware of any matters that may adversely affect the local VASP industry, and to ensure that is aware of any matters that could adversely affect licensees or registrants, the regulatory framework and the reputation of the Cayman Islands
• Attend and chair meetings with licensees/registrants and representatives of the relevant industry to discuss concerns, recommendations or other matters relating to compliance with best supervisory practices
• Review and finalize inspection reports and follows up to ensure compliance with requirements
• Identify the need for developing new regulations or directives and participates in the drafting of the policy or legislative changes
• Establish contacts with foreign supervisors in order to contribute to the harmonization of international standards and practices affecting the regulation of virtual asset service providers and sandbox licensees
• Assist the HOD with the oversight of the operation of the Sandbox regime including selection of and collaboration with participants
• Assist the Compliance Division with liquidation and enforcement matters and prepares reports for the executive management
• Reviews, conducts, and approves the probationary assessments, annual performance appraisal and individual learning and development plans in the effort to improve knowledge, skills and career progress and determine development needs of the Unit
• Research, collect, manage, and deliver pertinent information to internal and external stakeholders to bring about the successful execution and completion of specific project goals and objectives
• Be a positive ambassador at conferences, meetings and events and presents information, brings back ideas, and makes recommendations to improve the regulatory regime and operations
• Builds positive, cooperative relationships with licensees/registrants and other international regulatory bodies or agencies.

Required:

• A Bachelor’s degree from an accredited institution – preference given to degrees in Finance, Accounting, Business Administration, Computer Science/Information Systems or Economics
• Eight years’ relevant experience in a management position in the financial industry, at least five years of which should include experience in supervisory/regulatory, audit, internal audit, AML/CFT Compliance, or AML/CFT risk management
• A relevant professional qualification or a Master’s Degree in a financial related field, fintech, virtual assets or AML/CFT Compliance and Risk Management would be an asset
• Knowledge of the Virtual Asset Service Providers Act, regulations, relevant rules, guidance, policies and procedures relating to the supervision of Virtual Asset Service Providers including Fintech innovations and Sandbox Licensees
• Sound working knowledge of international standards and industry best practices in the virtual asset and Fintech innovation industry
• Specialized knowledge of generally accepted auditing / accounting standards and comprehensive analytical skills to analyze the implications of financial statements as they relate to virtual assets service providers, fintech innovations and sandbox entities
• Sound understanding of risk assessment and risk management
• Working knowledge of ML/TF/PF risks associated with virtual assets
• Knowledge in using blockchain analytic tools
• Proven exceptional project management, and analytical skills
• Strong leadership, decision making, communication and presentation skills
• Proficiency in all Microsoft Office applications, such as MS word, Excel, and PowerPoint.