Information & Benefits for Prospective Employees
The GFSC is the regulatory body for the finance sector in the Bailiwick of Guernsey.
The Commission’s mission statement is:
“We intend to exercise ‘good and effective’ regulation. By this we mean that we will work to ensure that the Commission delivers high quality prudential, financial crime and conduct regulation within the Bailiwick of Guernsey. We will be mindful of the need to protect the Bailiwick’s reputation and competitive position. In all that we do, we will have regard to the needs of the Bailiwick, its residents and of international regulatory expectations. We recognise the need to use finite resources efficiently and we will be risk based in our supervisory, enforcement and policy creation activity. We will seek to form judgements as to the risks which the firms we regulate present to the Bailiwick and to mitigate risks which we reasonably regard as unacceptable. We will be a discerning regulator which fosters a regulatory environment in which good firms want to do good business in the Bailiwick. We will facilitate innovation, whilst discouraging poor quality ventures."
Fairness & Transparency
Learning, Training & Development
The Commission is highly supportive of the pursuit of relevant training and professional qualifications. We provide both financial and study leave support to encourage our employees to achieve recognition for their professional expertise.
We also undertake annual performance appraisals that identify, through the use of core competencies, the training needs of all staff. These training needs are used to draw up training plans which can incorporate many forms of training and development; from internal or external courses, one-to-one coaching, conferences, project work, professional study and divisional workshops, to secondments and management shadowing.
Continuing Professional Development or CPD is also supported and encouraged, with employees attending courses, breakfast / lunchtime seminars, conferences and technical updates, as well as reading widely to maintain their qualification level.
If deemed of relevance to an individual’s role, we will meet the cost of annual subscriptions to professional bodies.
The Commission is pleased to offer a choice of 4 pension scheme options to its staff and the Commission will contribute 12% of monthly salary for the employer’s share from day one of employment. More information on the Commission's pension options is available from the HR team upon request.
Group Life Insurance
Employees are entitled to be a member of the Commission’s Group Life Scheme from the first day of employment. In the event of a staff member’s death before retirement, subject to a maximum age of 75, then three times salary is provided to beneficiary or beneficiaries in writing by the Employee subject to the Insurer’s medical underwriting procedures.
Private Health Insurance
Employees are entitled to become a member of the Permanent Health Insurance scheme “PHI”, subject to meeting criteria stipulated by the policy. If an Employee is absent from work due to illness for longer than six months then the Commission would be entitled on their behalf to claim against the PHI scheme.
The PHI cover would then normally provide 67% of base salary should their illness prevent them from working on a permanent basis or in the event of a disability preventing them returning to work until their compulsory retirement age.
From the first day of your employment, you and your immediate family are entitled to participate in an insurance scheme for private dental treatment. The cost of the scheme will be deducted from your monthly salary. (Inclusion is subject to acceptance by the Insurers.)
Private Medical Insurance
Employees and their immediate family are eligible to join the AXA PPP medical insurance scheme on their first day of employment. This is provided to you free of cost.
Amongst other benefits, this covers doctor/specialist fees, emergency ambulance, A&E and hospital bed costs. (Inclusion is subject to acceptance by the Insurers.)
From the first day of your employment, you and your immediate family are entitled to access the employee wellbeing service free of charge. The Employee Wellbeing programme offers a confidential helpline, staffed by professionals who can help you deal with any personal problems that you may be experiencing.
|Grade||Annual Leave Entitlement|
|Director General/Director||30 days|
|Deputy Director||28 days|
|Assistant Director||27 days|
|Senior Analyst||26 days|
|Graduate Analyst||21 days (Increasing to 23 and 25 during the programme)|
The Flexitime System is available for employees up to and including Senior Analyst grade.
You may arrange your hours of work flexibly, not only within the working day, but also within and between periods of 13 weeks, subject to certain conditions.
In addition, you may accumulate additional time worked to take as Flexitime leave. This is a maximum of 2 days per quarter (8 days per annum).
Individual participation is entirely voluntary, but is subject to the approval of your Director / Deputy Director.
9 Day Fortnight Scheme (trial period)
From 1 January 2019 the Commission is offering all permanent staff a 9 Day Fortnight Scheme where staff are given the opportunity to work 9 days a fortnight instead of 10 days, provided that they have worked their contractual hours for the 10 days by the end of the 9th day. The 10th day always falls on a Friday.
The scheme is voluntary and is being trialled for 6 months afterwhich Directors will decide whether the scheme will continue. The scheme is available to staff on any job level but staff cannot use the Flexitime System and 9 Day Fortnight Scheme at the same time.
Sports and Social Club
Our Sports & Social events and charity fundraisers have included:
- Annual Dinner
- Children’s Christmas Party
- Herm BBQs
- Mufti Days
- Various sporting challenges