Ms. Monica Brown is a qualified Banker who started her career at the Bank of Jamaica (BOJ) in 1973 and served in several capacities, up to the level of Director. In 2010 she was seconded to the Students’ Loan Bureau in the capacity of Executive Director and remained in that position until her retirement in August 2020.
Under Ms Brown’s leadership, the SLB was successful in improving the overall funding available for lending, thus resulting in less reliance on borrowed funds to finance student loans. This enabled an annual increase in the number of students benefitting from loans to pursue tertiary level studies, which ultimately serves to improve their social and economic mobility.
During her tenure at the BOJ, she served in several departments including Banking, Foreign Exchange Management and the Financial Institutions Supervisory Division where she was able to hone and develop her technical, regulatory and managerial skills.
As a Director and Department Head at the BOJ, Ms Brown was responsible for the monitoring and supervision of several deposit taking financial institutions, including commercial banks, merchant banks and building societies, to ensure their compliance with regulatory requirements so as to protect depositors. She also played an integral role in the development of regulations that would serve to govern the credit union sector on the assumption of oversight responsibility by the Central Bank.
She is a graduate of the University of the West Indies where she gained a BSc degree in Economics and Management and is an Associate member of the Chartered Institute of Bankers (ACIB), London. She also holds a Masters degree in Business Administration.
Throughout her career, Ms Brown participated in a number of local and overseas conferences, meetings and seminar/workshops, which along with her academic training and experience, have contributed greatly to the development of her leadership and management skills.
In her leisure time she enjoys reading, watching sports, giving back to the community and keeping abreast of current affairs