Chairman for a Securities Commission

We seek to recruit a high-caliber, high-energy Chair to lead the reform and reinvigoration of the Papua New Guinea Securities Commission (PNGSC). The PNGSC is a corporate body established under the Securities Commission Act 2015 and exists to ensure the orderly administration of capital markets in PNG.

As Chair, you will be responsible for ensuring fairness, efficiency and transparency of securities and derivatives markets, and promote good governance in relation to money laundering and related activities in the capital markets. You will be required to work closely with the Bank of Papua New Guinea to ensure the soundness and stability of the financial system and to develop the securities and derivatives markets. You will also be required to liaise with the Minister for Commerce and Industry on capital markets, policies and other economic matters, and to exercise the PNGSC’s powers under the Securities Commission Act.

In line with PNGSC’s reform and reinvigoration agenda, you will be required to demonstrate a strong understanding of the financial and capacity constraints that exist within Papua New Guinea or a similar developing country context. You will be expected to articulate and implement an approach that relies on the PNGSC’s own resources to build an effective and dynamic market.

To be successful in this role you will be required to have:

1. A minimum master’s degree qualification in economics, finance, banking, commerce or a related discipline from an internationally recognized institution
2. At least 10 years’ experience in senior regulatory roles in the corporate, markets or financial services sector
3. Strong track record of instituting corporate reforms to build organizational capability and responsiveness
4. Proven ability in modernizing regulatory frameworks to promote strong and efficient capital markets to drive investment and economic growth
5. Experience in building and managing high-performing inclusive teams to achieve outcomes, particularly in cross-cultural settings.

You will also have a strong track record of ethical conduct, have no outstanding legal cases or convictions for fraud, dishonesty or related allegations, and will be in full compliance with the requirements under the Securities Commission Act 2015.  

The successful candidate will be required to be based in Port Moresby, Papua New Guinea for the duration of the contract. Remuneration and benefits for the role will be commensurate with candidate experience and qualifications.

If you are ready to take on this challenge and are qualified for this role, please email your application addressing the above selection criteria to pgrecruitment@deloitte.com.pg with your CV and a cover letter, using ‘Application for Chair - PNGSC’ in the subject line. Please note, applications will only be considered if directly emailed to the email ID above. Any clarifications or questions may be addressed to same same email ID.

Applications close on Friday, 29^th January 2021.  Applications not addressing the above selection criteria may not be considered.  Please note that only applicants who are shortlisted for an interview will be contacted.

Candidates who have applied for this role between the 02^nd of December 2020 and 10^th of December 2020 are advised not to reapply.  

PNGSC is an equal opportunity employer and this role is open to both PNG nationals and non-nationals.

Deloitte has been engaged to manage this recruitment process on behalf of PNGSC and does not have decision making authority for the recruitment activity