Jamell Bodie

Experience

• 

  Central Bank of The Bahamas

  May 2004 - Oct 2007

  Senior Assistant

   Draft prudential and other regulatory/supervisory guidelines, guidance notes and polices to facilitate the regulation and supervision of Banks and Trust Companies within the Bahamas. Draft departmental manuals, guidelines and procedures. Conduct surveillance and research on banking and trust industry supervisory international best practices and standards and prepare reports on the same.

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  Ernst & Young

  Oct 2007 - Jan 2010

  Senior

  Major Responsibilities Audit planning, execution and report writing. Engagement Management Discussing audit findings and issues with client and engagement team.Sample Engagements Internal audit outsourcing engagements for a major local insurance company and a thriving private bank and trust company. Enterprise Risk Assessment (ERA) engagement for a government agency to assist the client in identifying, assessing and prioritizing the organization’s key business risks. Risk Remediation engagement to help a major banking client identify and resolve issues associated with the implementation of a new banking system.  External Audit of financial services and other local clients.Major ClientsMajor clients include Family Guardian Insurance Companies, National Insurance Company, Colina Insurance Company, Deltec Bank & Trust, Bank of The Bahamas, Corner Bank Overseas. Show less

• 

  Insurance Commission of The Bahamas

  Feb 2010 - now

  Leading a team responsible for the ongoing supervision and regulation of all domestic and international life, health, property and casualty insurance companies operating in and from within the Bahamas, including the development and execution of supervisory plans, intervention activities and ongoing monitoring.•Planning the allocation of resources to ensure an appropriate level and quality of supervisory work relative to nature, size and complexity and risk profile of institutions.•Identifying and analyzing industry and company-specific risks, as well as monitoring and reporting on emerging issues in the industry and determining the impact on regulated institutions.•Providing guidance to licensees regarding supervision and regulations as well as leading high-level discussions with senior management of licensees•Collaborating with the entire executive management of the Commission to design the strategic plan for the Supervision Unit and motivating the team to achieve the specified goals and objectives of therein.•Monitoring and reporting on issues faced in the industry and determining the impact on licensees.•Ensuring that onsite supervision and off-site monitoring are carried out in an effective and efficient manner.•Reviewing applications for licensing of new insurance companies, changes to the business plan of existing insurers, new products, board and executive appointments, as well as other approved functions. Show less Leading a team responsible for the ongoing supervision and regulation of domestic property and casualty insurance companies, captive insurance companies and international insurance companies operating in and from within the Bahamas, which includes the development and execution of supervisory plans, intervention activities and ongoing monitoring. •Planning the allocation of resources to ensure an appropriate level and quality of supervisory work relative to nature, size and complexity and risk profile of insurers.•Identifying and analyzing industry and company-specific risks and monitoring and reporting on emerging issues in the industry and determining the impact on regulated institutions.•Ensuring that onsite supervision and off-site monitoring are carried out in an effective and efficient manner.•Reviewing applications for licensing of new insurance companies, changes to the business plan of existing insurers, new products, board and executive appointments, as well as approved functions. Show less Leading a team responsible for the ongoing development of policies and practices for the effective regulation and supervision of the insurance industry operating in and from within the Bahamas.•Providing advice to supervisors on policy issues in respect of complex and difficult supervisory and management matters. Developing course of action to address aforesaid matters.•Leading discussions on policies and practices with industry groups, the Board of Commissioners and other relevant stakeholders.•Developing work plan for priority initiatives, identifying and allocating appropriate resources, and consulting with relevant stakeholders. •Directing the supervision team responsible for non-life (2011- 2012) and international insurance companies in the development and execution of supervisory plans, intervention activities and ongoing monitoring. • Reviewing new applications for insurance companies and providing recommendations to the Board of Commissioners and Senior Management. Show less

  • Manager, Supervision

    Sept 2017 - now

  • Manager General and External Insurance Supervision

    Feb 2015 - Sept 2017

  • Manager, Regulatory and Supervisor Practices

    Feb 2011 - Feb 2015

  • Senior Analyst, Non-life Insurance Unit

    Feb 2010 - Feb 2011