Independent Director

Job Description

This is a remote position.

iQualex Financial Group Limited is a Jamaican-rooted financial holding company building a modern group of governance-led, technology-enabled financial businesses. Through its subsidiaries, including iQualex Capital Limited, the Group creates opportunities across lending, credit recovery, payments, compliance, operations, and financial technology.

iQualex Capital Limited is a dynamic, licensed microcredit company headquartered in Jamaica, with a global presence in the United States, Colombia, and Nigeria. Our slogan, Start Something BIG!, drives everything we do. We are not just about microfinance; we are about Bold leadership, innovation, integrity, growth, and Global Vision. We empower communities, support entrepreneurship, promote responsible access to credit, and uphold strong governance, compliance, and accountability under Jamaican laws and regulatory expectations, including the Microcredit Act, 2021, and the Data Protection Act, 2020.

iQualex Capital Limited is seeking a suitably qualified Independent Director to serve as a non-executive member of its Board of Directors. The Independent Director will provide objective Board-level oversight over the Company’s governance, regulatory compliance, financial discipline, risk management, internal controls, ethical conduct, and responsible microcredit operations.

This is a governance appointment, not an operational employment role. The Independent Director will be expected to exercise independent judgment, review Board materials, participate in Board and governance meetings, provide constructive challenge, support proper escalation of material matters, and assist the Company in maintaining governance discipline appropriate for a licensed microcredit institution.

The role is primarily remote, with participation in virtual Board and governance meetings. Occasional in-person attendance or travel may be required for Board meetings, regulatory matters, audit discussions, governance reviews, training, or other approved Company matters.

Responsibilities

The Independent Director will be expected to:

• provide independent Board-level oversight over governance, compliance, audit, financial reporting, risk management, credit governance, internal controls, and regulatory affairs;
• review Board papers, minutes, resolutions, governance records, management reports, financial summaries, compliance updates, audit matters, risk reports, and other materials submitted for Board consideration;
• exercise independent judgment and provide constructive challenge where clarification, correction, escalation, or further review is required;
• support the Board in ensuring that the Company is governed prudently, transparently, responsibly, and in accordance with applicable law, regulatory expectations, the Company’s Operating Agreement, and Board-approved policies;
• review compliance, AML/CFT, regulatory reporting, consumer protection, complaints, data protection, and internal control matters presented to the Board;
• receive and review reports or escalations from the Nominated Officer concerning compliance, AML/CFT, regulatory, or internal control matters;
• assist in ensuring that material concerns are properly escalated, documented, and considered through the appropriate Board or committee process;
• attend quarterly Board meetings, relevant committee meetings, Annual General Meetings, special meetings, regulatory meetings, or other governance meetings where required or approved;
• review financial summaries, audit findings, internal control concerns, management responses, and remediation progress;
• review credit risk, portfolio quality, delinquency trends, exception reporting, hardship trends, recovery updates, and material operational risks presented to the Board;
• maintain confidentiality over all Company, borrower, employee, shareholder, financial, regulatory, and Board information; and
• preserve independence and avoid actual, potential, or perceived conflicts of interest.

The Independent Director shall not participate in day-to-day management, loan approval, loan disbursement, collections execution, accounting preparation, audit execution, compliance execution, staff supervision, or operational decision-making.

Requirements

The ideal candidate should possess:

• strong professional judgment, independence of mind, integrity, confidentiality, and governance maturity;
• relevant experience in governance, compliance, audit, risk management, finance, law, financial services, fintech, regulated business, corporate advisory, public administration, or senior management;
• the ability to understand and review Board papers, financial summaries, compliance reports, audit matters, risk reports, regulatory correspondence, and governance documents;
• knowledge or practical exposure to corporate governance, Board oversight, regulatory compliance, AML/CFT, internal controls, financial reporting, risk management, or regulated financial services;
• sound understanding of confidentiality, conflict management, ethical conduct, accountability, and responsible decision-making;
• willingness to undergo fit and proper assessment, due diligence, background checks, reference checks, regulatory review, and any other assessment required by the Company or competent authority;
• willingness to provide declarations, supporting documents, consents, references, and confirmations reasonably required for appointment preparation and regulatory readiness;
• ability to attend remote meetings and review documents within reasonable timeframes;
• no relationship, interest, appointment, employment, advisory role, or other circumstance that could reasonably impair independence or create an actual, potential, or perceived conflict of interest; and
• ability to understand and apply the governance and regulatory expectations applicable to a licensed microcredit institution in Jamaica.

A formal degree is preferred, but shall not be the sole basis for suitability. The Company may consider equivalent professional experience, board experience, senior management experience, regulatory exposure, advisory experience, professional certification, or demonstrable competence in governance, compliance, financial oversight, risk management, or regulated-sector operations.

Jamaican and international applicants may be considered, provided that the candidate satisfies the Company’s independence, suitability, competence, due diligence, and regulatory expectations.

Benefits

This is a non-executive Board appointment compensated by way of approved director fees. Compensation shall be in accordance with the Company’s approved compensation framework for the Independent Director role.

The role offers:

• remote participation with flexible governance engagement;
• opportunity to contribute to a licensed, technology-enabled microcredit company;
• exposure to Board-level governance, compliance, risk, audit, credit oversight, and regulatory matters;
• opportunity to support responsible financial access and institutional development in Jamaica and beyond;
• approved reimbursement for reasonable, necessary, and approved expenses connected to Company business;
• participation in a bold, structured, and globally ambitious iQualex ecosystem; and
• meaningful governance work with a company committed to compliance, integrity, innovation, and long-term impact.

Why Join iQualex?

Be part of a bold mission to Start Something BIG in Jamaica and beyond.

At iQualex, you will help strengthen governance, support responsible financial services, and contribute to a business ecosystem built on structure, accountability, technology, and purpose.

You will work with a passionate and ambitious team that values integrity, professional discipline, confidentiality, regulatory compliance, and global vision.

If you are serious about meaningful governance work, responsible innovation, and helping to build something with structure and purpose, we invite you to apply.