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Business Observer Sunday, Jan. 20, 2019 3 years ago

Help wanted: Run Florida's top financial regulator

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The Florida Office of Financial Regulation posted a job ad on Twitter.

Do you have experience working in a bank or a mortgage firm? Maybe even some experience in financial oversight or regulations? 

If yes, the Florida Office of Financial Regulation has the job for you: commissioner.

You can run the entire department, a $41-million division that oversee Florida’s state-chartered banks, securities firms and financial services companies. The job, available since the June departure of former OFR Commissioner Drew Breakspear — oddly for such a high-level spot — is advertised on the OFR’s Twitter page, in a Jan. 16 post. (The tweet is barebones and short, even by Twitter standards: Would you like to be @FlFinancialReg’s commissioner? The application is open thru 2/14.) Deputy Commissioner Pam Epting has been interim commissioner since Breakspear left.

While the job isn’t a political appointment, politics are in play. The OFR commissioner repots to the Financial Services Commission, a panel made up of the governor, state CFO, attorney general and commissioner of agriculture. It was that structure, including disputes with CFO Jimmy Patronis, which partially led to Breakspear’s resignation.

Breakspear had been in the position since 2012, earning $135,158 a year, according to the Florida Politics blog. The official application states the minimum salary is $120,000, and salary “level will be determined commensurate with overall qualifications of the selected applicant.”

Go to jobs.myflorida.com and search "commissioner" for more information and an application.

 

 

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