Job purpose
To support the Government of Jersey in meeting its goal to secure Jersey’s future as a leading International Finance Centre by implementing strategic initiatives; Ensuring financial services related legislation is fit for purpose; and developing Government policies that support the financial services industry.
Job specific outcomes
• Provides a dedicated financial services related policy development service to the Director for Financial Services, which focuses on technical legal analysis of existing legislation and formation of new and innovative legislation with a view to implementing policy in Jersey by way of legislation or other policy documentation.
• Project manage Government led initiatives and liaise with all relevant stakeholders (e.g. Jersey Financial Services Commission, Jersey Finance Limited) to ensure that all views are considered and critically evaluated against any policy proposal. Ensure delivery against plans, including putting in place appropriate resources for major projects and developing project management skills within your team. Ensure clarity of responsibility with implementation teams, including review and evaluation so that better services and/or outcomes are achieved.
• Undertake research and detailed technical and legal analysis of international standards in order to compare and contrast proposed policy and legislation of other competitor jurisdictions to ensure that the policy proposal is proportionate, competitive and in the best interests of Jersey (i.e. reputation / risk / reward). Transposing these standards into Jersey legislation will ensure continued compliance with international standards.
• Build strong relationships and networks by representing the Island in inter-jurisdictional activities (meetings/conferences/presentations and formal functions), leading knowledge transfer and development. Develop strong links across jurisdictions, departments, industry / business, Regulator and other key stakeholders, including the public and their representatives, affording a network of contacts to inform the work of the financial services directorate. Communicate clearly to such third parties Government views, concerns and decisions.
• Work with representatives from the Government, Law Officers’ (or equivalent) and Regulators from the other Crown Dependencies, Her Majesty’s Government, and other appropriate foreign jurisdictions and international bodies (where appropriate) when forming policy proposals for financial services in Jersey. Prepare law drafting instructions, liaise with the Law Draftsman, the industry, the regulator and other relevant stakeholders to finalise legislation from policy proposals.
• Consider the most effective mode(s) of engagement, in order to involve the public and/or wider stakeholders in policy/strategy development and evaluation, thereby ensuring outcomes are appropriate, deliverable and informed. As a policy expert, represent the government at meetings and in the media where needed. Champion openness and responsiveness to complaints, comments and questions, thereby enhancing the transparency of the financial services policy process.
• Present financial services legislation and policy proposals (including the rationale,
advantages and disadvantages of any proposed policy) from Government to the Scrutiny Panel, States Members, Industry Associations, the financial services industry and the public at large.
• Provide honest, objective and impartial advice to Ministers and the Council of Ministers – and once decisions are taken, publicly support and deliver them. This will require, on occasion the use of privileged legal gateways requiring the utmost confidentiality, professionalism and trust. Ensure the production of accurate and professional briefings, advice, guidance and documentation, and prepare Ministers effectively to respond to States Assembly questions, Scrutiny and Public Accounts Committee hearings, stakeholder meetings and the media.
These activities will ensure Ministers are effective in progressing their government agenda and in responding to democratic scrutiny.
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