The Cayman Islands Monetary Authority aims to ensure continuous learning and career development through a proactive human resources training regime and the Learning Centre, a dedicated on-site training facility.
The Learning Centre enables staff to participate in a variety of courses without leaving the CIMA location, CIMA reported. Instructors are commissioned locally and overseas but, most notably, CIMA’s own in-house subject experts are often called upon to lead courses.
“The wealth of knowledge we have on staff exemplifies the high standards we hold ourselves to and the standards we strive to surpass in the Caribbean regulatory community,” said Learning and Development Specialist, Glenda Davidowski.
“By encouraging senior staff to act as facilitators, we are able to tap into the expertise for which they were hired. This creates both learning programmes that are specific to individual divisions and ones that are cross-divisional, building even stronger relationships within units and across CIMA.”
Recently Certified Anti-Money Laundering Specialists RJ Berry, Head of Compliance, and Sandra Edun-Watler, Legal Counsel, served as instructors for an Anti-Money Laundering and the Laws that Govern Us course held for new employees.
After attending the course, Dwight Merren, Chief Analyst in the Investments and Securities Division commented: “I was very impressed with the calibre of training provided by fellow staff members who are experts in their field.
‘It not only enabled me to get an intensive refresher course in anti-money laundering but also to share and discuss ideas and network with new colleagues.”
In addition to in-house experts CIMA commissions external trainers for the development of its staff.
Head of Human Resources, Judy Miller explains that “with the Centre right on our grounds, in walking distance of all our staff, has allowed us to bring world class experts to train entire teams rather than sending one or two individuals overseas to receive training”.
“The creation of our in house training programme has resulted in a more effective and efficient training program. We offer courses that are technical and specific to the regulation of the finance industry but also address areas such as leadership and management development, customer service, and time management, to name a few,” said Mrs. Miller.
Theresa Christian, Senior Analyst in the Banking Division, who along with 22 co-workers participated in a course titled ‘Introduction to Bank Financial Statements’ appreciated the specific tailoring of the course to CIMA’s needs.
“The course was more than I expected. It was not just a breakdown of what you can find on a bank’s financial statements, but how different types of risks are reflected in the numbers,’ Mrs. Christian said.
‘This is the type of knowledge that we, as regulators, need to have. I appreciated the individual interaction during the course and the incorporation of real life examples.”