Head of Division - Financial Stability & Statistics Division

Reporting to the Chief Policy and Data Officer the Head of the Financial Stability and Statistics Division (“HOD”) (in conjunction with the Heads and Deputy Heads of the regulatory Divisions and the Policy and Development Division) will plan, direct and delegate actions, projects and work assignments in leading the development and implementation of a comprehensive macro prudential and crisis management framework in accordance with international standards for financial statistics for international dissemination and local statistical organisations relevant to the Cayman Islands and to the Region.

RESPONSIBILITIES

The successful candidate will

• Oversee and direct the process to systematically disseminate accurate and relevant information, including statistics, appropriate papers, presentations and risk reports;
• Establish and oversee the effectiveness, efficiency, completeness, accuracy, and integrity of statistical data collection systems in accordance with sound data governance principles;
• Ensure the development, implementation and maintenance of effective Macro Prudential guidance and procedure manuals;
• Recommend relevant policy and risk mitigation measures on the resilience of the financial system to internal and external financial regulators, policy makers and other stakeholders;
• Establish and monitor an effective crisis management framework;
• Support the Regulatory Heads of Divisions’ in reviewing and updating the methodology for the identification and supervision of systemically important financial institutions;
• Assist the Regulatory Divisions with the development of macro-prudential stress testing methodology and its effective implementation as appropriate;
• Conduct a review to identify the risks and appropriate mitigants associated with shadow banking in the local financial sector;
• Assist in the development of a strategy and supervisory framework for payments and settlement systems;
• Assist the Regulatory Divisions with the preparation for external reviews to be carried out by external bodies such as the CFATF and the IMF (FSAP), including ensuring appropriate compilation and reporting of financial statistical information; and
• Establish and implement the framework and processes to research, analyse and actively monitor financial system soundness indicators and interconnectedness to detect trends and early warning signs of risks, sources of systemic vulnerability, distress or imbalances in the financial system.

REQUIREMENTS

• A Master’s degree from an accredited institution in Economics, Finance, Statistics, Administration, Accounting or Risk Management; and ten years relevant experience at a senior management position with a financial sector regulator or an international standard setting body such as the IMF or World Bank;
• A relevant professional qualification such as CPA, CA or CFA would be an asset;
• Strong knowledge in statistics and associated statistical methodologies;
• Expert knowledge of building Financial Stability and Macro Prudential Supervision frameworks;
• Extensive experience in the development and conduct of financial sector stress testing;
• Extensive knowledge of Regulatory Framework – Legislation/Policies relating to the supervision of financial institutions;
• Extensive experience in assessing supervisory approaches and regulatory framework for compliance with international standards;
• Knowledge of Anti-Money Laundering/KYC requirements and the application of same;
• Proven ability to build, lead and manage multi-disciplined teams, delivering outputs in adherence to established timeframes;
• Excellent writing, communication and presentation skills; and
• Proficiency in reporting software and data visualization platforms such as PowerBI and SSRS, and Microsoft Office applications.

Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate are encouraged to apply. Direct applicants only. Applications received from agencies will not be accepted at this time. Salary: CI $139,590 - $183,831 per annum. A competitive benefits package is also offered including health insurance, pension, vacation, life insurance. Application form may be completed online by visiting careers.cima.ky Application Deadline: 6 November 2026 (Only shortlisted candidates will be notified)