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State Chancellery announces competition for FCMC chairperson's post
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    State Chancellery announces competition for FCMC chairperson's post

    RIGA, July 12 (LETA) - The State Chancellery on Friday published an announcement in the government gazette Latvijas Vestnesis to invite candidates to apply for the vacant post of the Financial and Capital Market Commission's (FCMC) chairperson.

    Applications will be accepted until August 12.

    Candidates must have an impeccable reputation, no criminal record, and comply with legal requirements in order to receive security clearance. Candidates for the FCMC council chairperson must be citizens of Latvia with higher education (Master's or equivalent degree) and at least five years of experience in the financial and capital market or its supervision, or in the prevention of money laundering and terrorism. In order to be eligible for the vacant post, the applicants must also be competent in financial management and speak fluent Latvian and English.

    The competition will take place in three rounds. In the first round, the applicants' compliance with the requirements on the chairperson of the FCMC Council will be assessed. In the second round, individual interviews will take place to appraise applicants' motivation to win the job, experience and understanding of financial and organizational management, as well as assess their communication, argumentation and presentation skills and command of the English language.

    Candidates who make it through to the third round will vetted by the State Security Service to determine whether they could receive security clearances. The applicants' decision making, strategic vision, team management and other competences will be assessed.

    The commission for assessing the candidates includes the State Chancellery's Director Janis Citskovskis, Finance Minister Janis Reirs (New Unity), Bank of Latvia council member and State Security Service Chief Normunds Mezviets, and the Financial Intelligence Unit's head Ilze Znotina.

    As reported, Saeima on July 8 appointed Kristine Cernaja-Mezmale, head of the Monetary Financial Institutions Operations Analysis Division at the Supervision Department of the Financial and Capital Market Commission (FCMC), as an interim FCMC head.

    The previous FCMC chairman Peters Putnins and his deputy Gunta Razane tendered resignation letters on July 4.

    • Published: 12.07.2019 10:39
    • LETA
    • © The given news may not be republished in any way or amount, or otherwise used by the mass media or Internet websites, without written permission of LETA. If this provision is not observed, the matter will be taken to court pursuant to the laws and regulations of the Republic of Latvia.
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