Press Release

Ministry of Finance
Release Date:
Thursday, 8 April 2021 - 4:58pm

The Government of the Virgin Islands is accepting applications from qualified persons to fill the post of Chairperson of the Board of Directors at the National Bank of the Virgin Islands.

The Chairperson of the Board of Directors is primarily responsible for the activities of the Board and its committees, acts as the spokesperson for the Board and is the principal contact for the Chief Executive Officer.

  • Primary responsibilities include ensuring that Board members participate in an induction programme and, as needed, additional education or training programmes, including annual compliance training 
  • Determining the agenda of Board meetings, chairing such meetings and ensuring that minutes are kept of such meetings 
  • Liaising with Board Committee Chairs to determine efficiencies and fulfillment of Committee Charters
  •  Chairing the Governance, Nominations and Remunerations Committee to ensure that the Board maintains sound corporate governance standards to guide the Bank’s operations
  • Consulting with external parties such as auditors, consultants, and/or advisors appointed by the Board and addressing internal disputes and conflicts of interest concerning individual Board members, and the possible resignation or removal of such members as a result.

Educational Requirements includes a minimum of a Bachelor’s Degree in the field of expertise, preferably business/finance, minimum of ten years working experience, sound written and oral communication skills, basic understanding of banking laws and regulations and financial, business and managerial acumen, ability to maintain confidentiality and financial statement review and analysis.

Applicants must reside in the British Virgin Islands. Selected candidates are subject to review by the Approved Persons Regime of the BVI Financial Services Commission.

For more information on the vacancy, log on to the Government of the Virgin Islands website at


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Andra Phillip

Department of Information and Public Relations