Principal Adviser – Deposit Taking

Job title: Principal Adviser – Deposit Taking

Company: FMA


Job description:

• Auckland or Wellington based

A great place to work. With great work to do.Mō te Tūranga | About The RoleYou will sit within our Deposit Taking (DT) team that provides technical leadership to support our regulatory activities for the banking and non-bank deposit taking sectors. You’ll play a key role in providing technical expertise into our risk based and intelligence led supervision approach, which helps identify and focus our efforts on areas that present the greatest risk of harm for consumers and financial markets.This position will bring technical knowledge of the DT sector with a particular focus on business models, risk frameworks and oversight such as monitoring, and how this is used to support fair outcomes for consumers. This will include employing a data-led approach, undertaking analysis and reporting to make evidence based regulatory decisions, and engaging with the DT sector.The Principal Adviser role helps ensure that our regulatory activity delivers to the FMA’s strategy and reinforces the FMA’s reputation as a strong, effective, efficient, proactive, fair, and respected regulator.What does a day in the life of a Principal Adviser look like?This is a new role, so there’s a bit of blue sky thinking as we approach monitoring later this year. You could be getting involved with creating roadmaps, bringing strategy to life for the team, producing reports or creating some new processes.You’ll apply your strong analytical skills to interpret legislation (e.g., the FMC Act, in particular the CoFI regime) we work with and apply it to varied projects and initiatives. You will take a coaching approach with the team from a technical leadership perspective.What is the most exciting thing about this opportunity?Ultimately the work you’ll do will help support fair outcomes for consumers; and you’ll get the opportunity to be part of some interesting, challenging, and thought-provoking work at the forefront of regulatory delivery. As this is a new role, you have the opportunity to shape and influence how the DT team monitors and prioritises its work.What attributes will you have to be successful?You’ll bring deep technical experience to the team in either monitoring, operational risk, compliance or internal auditing from the financial services sector. You may come from another regulator, banking, consulting or perhaps another part of the financial services industry.The following skills and experience are key for this role:

• Experience within a financial services environment, such as another regulator, deposit taker (first/second line risk, internal audit), consulting or perhaps another part of the financial services industry.

• Good working knowledge of the FMC Act (in particular the CoFI regime), supervisory and monitoring strategies, practices, and processes, along with the ability and confidence to create these from scratch.

• Demonstrated strength in communication and stakeholder engagement skills – this role involves a good deal of professional writing and working with a wide range of stakeholders.
• Demonstrated experience within a technical leadership role including coaching and mentoring.
• Project management experience, including the confidence to lead important pieces of work.
• Experience and enjoyment in learning and interpreting legislation – and the ambiguity that comes with this!
• Strong critical thinking and natural curiosity.

We welcome your unique & diverse skills and experience, recognising we are all on a personal journey in our careers. We don’t need you to have 100%. If this opportunity excites you, we encourage you to apply.What is the team culture and environment like?We are located in both Auckland and Wellington. Each team member also works from home up to two days a week, with flexible working hours, to accommodate personal commitments. While this means we use MS Teams to keep connected day to day, there is travel as part of the role to ensure some face to face connection across both sites.The DT team developed our “why” and a set of values as part of its team day in 2024. Ultimately the DT team exists to ensure that deposit takers treat consumers fairly so New Zealanders can effectively participate in the economy. We go about our work based on the following values: trust and empowerment, clarity and transparency, connection, openness and teamwork.Ngā painga | What we offerWe offer some great benefits including a 4% KiwiSaver contribution, health and life insurance cover, paid leave over the Christmas period, a generous $1,500 refer a friend bonus as well as an ability to swap public holiday leave with other days that mean more to you. Additionally, we have exceptional learning and development opportunities including access to leadership development, technical training, and external coaching.At the FMA we’re committed to fostering a diverse and inclusive environment where every individual feels valued, respected, and empowered to bring their authentic self to work each day. We offer a range of wellness and social activities designed to support our people with aspects of their personal and professional lives and genuinely connect with their colleagues.About Te Mana Tātai Hokohoko (FMA)Ours is a meaningful and impactful role, as a kaitiaki of the financial services in Aotearoa. We oversee a market that does right by everyone, ensuring better outcomes for all New Zealanders. Our role as a kaitiaki is brought to life by our values; Look to the Horizon, Help the Team Work, Make the Calls and Open Hearts, Open Minds.Me pēhea te tuku tono | How to applyIf this sounds like your next opportunity, then please apply today. For a position description visit our or see below.For further information please contact: .Applications close 5pm, 20 March 2025, however may be closed earlier if a high volume of applications are received.If you require additional support with your application, please let us know so you are best placed to complete this with ease.

Expected salary:

Location: Wellington – Auckland

Job date: Thu, 06 Mar 2025 06:22:38 GMT

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