New Board Members sought for Financial Services Authority 

It's a five year term, starting in Spring next year

Anyone with experience in insurance, banking or human resources is being encouraged to consider if they could help promote the Isle of Man as a standout place to do business.

Four new members are needed for the Financial Services Authority's board with nominations closing on Tuesday 16 December.

It's a five year term, starting in Spring next year, and offers a chance to work with the FSA's  senior executive to set the strategic direction of the regulator and ensure it continues to support the Island's finance industry.

Subject to a review of the applications, it is anticipated that one of the successful candidates will be appointed by the Treasury as the Chair of the Board on 1 July 2026, acting as Chair-designate until then.

The Board oversees the Authority’s work to fulfil its objectives of protecting consumers, reducing financial crime and maintaining confidence in the Island’s finance sector through effective regulation.

Applications are invited from anyone -  on or off-Island - who can show a strong track record of professional achievement and the necessary attributes to support the Authority’s remit across a range of sectors.

The Treasury, which is the sponsoring body for the FSA, has issued a media release saying a sound understanding of one or more of the following areas is desirable:

• Insurance
• Banking
• Regulatory and corporate governance
• Financial management/accounting and restructuring
• Human Resources

An information pack setting out the role profile, responsibilities and person specification, as well as the expected time commitment and remuneration, is available and you can find more details here.

Lillian Boyle, Chair of the Authority’s Board, says: ‘It’s important for the Board to have a broad and complementary skill set, and to be able to work collaboratively to input into the Authority’s strategic priorities. 

"It’s a diverse and interesting role and I would encourage people who feel they have the right skills, enthusiasm and commitment to contact Treasury for further information."