International Financial Service Authority seeks CEO

The International Financial Services Authority (IFSA), established by President Dr. Mohamed Muizzu, is seeking an eligible candidate to fill the company’s top executive spot.

In an announcement from the Ministry of Economic Development and Trade, the ministry said it was seeking a Chief Executive Officer for IFSA for a five-year duration and added that the remuneration and allowances will be decided post work experience assessment and negotiations.

Eligibility criteria include a valid Masters in Business Administration (MBA) from a reputable academic institution and a first degree in finance, economics, or public policy.

The successful CEO candidate must possess apt knowledge in insurance, banking and finance. The professional should also possess sufficient knowledge in international financial systems and practices along with a minimum of 10-year experience in a senior position in a related field, which include:

• Fintech and cyber security
• Financial administration frameworks
• Development financial or commercial financial institutions
• Regulatory works
• International financial reporting standards
• Payment systems, central depositories, central counter-parties, rating agencies, and exchanges

Besides remuneration and allowances, the Chief Executive’s accommodation, travel allowance and insurance will be covered in the total pay package.

President Dr. Muizzu established IFSA earlier on January 21^st under the powers vested to him under the Maldives Constitution.

The agency’s purview falls under the Ministry of Economic Development and Trade, while the former Vice President Abdulla Jihad was earlier appointed as its Chairperson.