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TCI: Better risk management, leads to stronger and more profitable businesses, says PwC

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#TurksandCaicos, March 16, 2018 – Providenciales – PwC argues that better risk management practices make for better business. Cost savings, more efficient allocation of resources and improved business performance are all likely to be achieved when organisations formally integrate Enterprise Risk Management (ERM) into their strategic and operational activities.

“Companies that equip their line managers (i.e. the first line of defense) and staff with the tools and techniques to identify, assess and respond to risks in a proactive manner, will have a competitive edge,” said Bruce Scott, Risk Assurance Leader for PwC in the Caribbean.  “We know that major risk exposures are rarely confined to discrete areas in an organisation, but rather, can have a domino effect across the organisation.  It is for this reason that PwC has developed a holistic approach to risk management to help protect businesses, facilitating strategic decision making and enhancing efficiency.  Our teams have extensive experience having already worked with public and private sector clients of all sizes to understand and address an extensive range of strategic and operational risks”.

Bruce was speaking on Thursday (March 8) at PwC in the Caribbean’s Risk Management seminar hosted at the Regent Village in Providenciales. The seminar is the latest in a regional series to improve the ability of businesses to manage risks at every stage. The third in the series, and the first in the Turks and Caicos Islands, entitled “Better risk management, better business performance”, not only looked at the practicalities of identifying and managing risk proactively and defensively, but also outlined the importance and roles of Three Lines of Defense in a business.

 

The three lines of defense are:

  • First line of defense (line managers) is responsible for day-to-day execution and management of risk and controls;
  • Second line of defense, includes the risk and compliance functions who a play a supporting role to the first line by providing risk management guidance, training and independent reviews of risk exposures faced by the first line; and
  • Third line of defense is internal audit, which is responsible for independently testing that the company’s risks are being mitigated. The third line may also include external auditors and regulators.

The PwC team also shared expert insights on the importance of having a sound business continuity planning process that protects against natural disasters as well as unique disasters such as a fire and the importance of a multi-skilled internal audit function that can independently test controls over critical risks faced by an organisation. Other presenters included Nick Haywood, Territory Leader, PwC, Turks and Caicos Islands, Carolyn Bell Wisdom, Risk Assurance Partner, Jamaica, and David Green, Manager, Turks and Caicos Islands.

Nick Haywood, Territory Leader, PwC, Turks and Caicos Islands said, “PwC risk management teams led by Bruce Scott, have performed extensive research on why organisations have failed to properly identify, analyse and address business risks. We’ve worked with a number of businesses regionally to provide cutting edge Enterprise Risk Management Services. Our goal is to provide businesses with the knowledge and resources to manage enterprise-wide risk and for the local business community to be aware that PwC not only provides financial statements audits, but also a range of value-added non-audit services.

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Turks and Caicos Islands Community College Vacancy Announcements

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The Turks and Caicos Islands Community College (TCICC), the premier institution for higher education and training in the Turks and Caicos Islands, invites suitably qualified individuals to apply for the following positions.

Join a dynamic team committed to educational excellence, innovation, and national development.

  • Student Support Officer – SSO/25

 Job Summary

The Student Support Officer is responsible for delivering comprehensive assistance to students throughout their academic journey. This role includes providing guidance on academic and personal development matters, coordinating support services, and ensuring that students have timely access to the resources, interventions, and referrals necessary for their success. The officer plays a key role in fostering a supportive, student-centered environment that promotes engagement, wellbeing, and academic achievement.

Minimum Qualifications

Bachelor’s degree in Education, Psychology, Counselling, Social Work, Public Administration or a related discipline from a recognised and accredited institution.

Experience

3-5 years relevant work experience interacting with clients/students from diverse backgrounds.

Location:                   –           Providenciales

Annual Salary:        –           USD45,992.00 – USD53,336.00

Annual Allowances:  –            Telephone USD1,200.00 and Transport USD1,200.00

 

  • Information Technology Manager  -ITMgnr/25

Job Summary

The IT Manager is responsible for the effective operation of the total Management Information System of the College, maintains an effective and up-to-date system by reviewing the technological environment, giving advice and making appropriate recommendations to leadership to facilitate optimum maintenance of the equipment and further development of the system.

Minimum Qualifications

Bachelor’s degree in Computer Science, Information Technology, or a related field. A master’s degree is preferred

Experience

Minimum of 5 years of experience in progressively responsible IT leadership roles, preferably within the higher education or tertiary institution sector.

Location:                   –           Grand Turk

Annual Salary:         –          USD75,363.00 – USD87,395.00

Annual Allowance:      –        Telephone Allowance USD1,200.00

 

  • Lecturer IIB 

Job Summary

This role involves preparing and delivering engaging face-to-face and online lectures, developing course materials in alignment with curriculum guidelines, assessing student performance, and providing academic support. The Lecturer contributes to a dynamic learning environment by fostering critical thinking, enhancing student understanding, and supporting their academic and professional development..

Minimum Qualifications

Bachelor’s degree and a master’s degree in law, politics or equivalent subject area from an accredited and recognised institution Teacher’s certification

Experience

3-5 years post qualification experience

Location:                   –           Grand Turk

Annual Salary:        –           USD58,873.00 – USD63,400.00

 

  • Admissions and Records Officer – ADMRO/25.3

Job Summary

The Records and Admissions Officer is responsible for overseeing the student admissions process and maintaining accurate academic records. This role enhances the overall efficiency of the Registrar’s Office by organizing, retrieving, and managing both physical and digital student records.

Minimum qualification

  • Bachelor’s degree in Education, Business Administration, Information Technology, Public Administration, or a related field from an accredited and recognised institution

EXPERIENCE

  1. Minimum of 3 years experience in academic records or admissions administration.
  2. Familiarity with student information systems.

Location:                  –           Grand Turk

Annual Salary:        –           USD45,992.00 – USD53,336.00

______________________________________________________________________________

THE APPLICATION PROCESS:

Resumes with current contact information must be accompanied by:

  • a Cover Letter
  • two reference letters (one preferably from the most recent employer)
  • copies of educational certificates, and
  • a copy of the applicant’s passport photo page and Turks and Caicos Islands Status Card (where applicable).

Shortlisted applicants will be required to provide a police record.

Overseas recruits are eligible for a Housing Allowance of USD7,800.00 per annum, Grand Turk and USD10,200.00 per annum, Providenciales. A settling-in loan and 10% gratuity upon successful completion of the contract of engagement.

Applications should be addressed to:

THE HUMAN RESOURCE MANAGER

TCI COMMUNITY COLLEGE

41 PRINCESS DRIVE, GRACE BAY

PROVIDENCIALES

TURKS AND CAICOS ISLANDS

 

WE MAY ALSO APPLY BY SCANNING THE QR CODE BELOW:

Hand delivered applications must be marked with the Job Title including the reference number.

Applications submitted without supporting documents will not be processed.

We thank all applicants for their interest, however, only persons shortlisted for an interview will be contacted.

APPLICATION DEADLINE:         19 December 2025

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TCI Hosts Strategic Defence Summit as Overseas Territories Regiments Strengthen Security Partnerships

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Turks and Caicos, December 4, 2025 – The Turks and Caicos Islands this week became the centre of regional security cooperation as senior defence leaders from across the British Overseas Territories gathered in Providenciales for the 4th Annual Overseas Territories Commanding Officers Conference — a three-day summit focused on strengthening capability, maritime readiness, and inter-territorial partnerships.

Acting Governor Anya Williams and Premier Charles Washington Misick, OBE, on December 1, welcomed Lord Lancaster, a key figure in the establishment of the TCI Regiment and the current Honorary Colonel of the Cayman Islands Regiment, for a courtesy call and high-level briefing session. Lord Lancaster joined Permanent Secretary for National Security Tito Lightbourne, TCI Regiment Commanding Officer Colonel Ennis Grant, and Commanding Officers from Bermuda, Cayman, Montserrat, the Falkland Islands, and UK defence representatives.

The visit, along with the wider conference agenda, signals a meaningful step forward for the rapidly evolving TCI Regiment, which has grown into a crucial national asset for disaster response, coastal security, joint operations, and resilience planning. Lord Lancaster’s presence carries additional significance: he was instrumental in shaping the Regiment’s formation in 2020 and remains a vocal advocate for expanding the capabilities of small-territory defence units within the UK network.

At the conference’s opening ceremony, Acting Governor Williams emphasised the importance of “collaboration and strategic leadership across the Overseas Territories,” noting that shared challenges — from climate shocks to transnational crime — demand a unified approach. The Permanent Secretary echoed this, highlighting increased maritime coordination and training pathways as areas where the TCI is seeking deeper integration with its regional counterparts.

Throughout the week, Commanding Officers participated in strategic discussions, intelligence and security briefings, resilience planning sessions, and on-site engagements showcasing the TCI’s developing operational infrastructure. The agenda also focused on improving interoperability — ensuring that Overseas Territories regiments can operate seamlessly together during disaster deployments, search and rescue missions, and joint maritime operations.

For the TCI Regiment, hosting the conference marks a milestone: it positions the young force as an active contributor in shaping the region’s security future rather than merely a participant. Leaders left no doubt that the momentum is intentional — and that the Turks and Caicos Islands are strengthening their role within a broader, coordinated defence framework designed to safeguard shared interests.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Michael Misick Rejects Government’s 60/40 Shift as Business Licensing Debate Reignites

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Turks and Caicos, December 4, 2025 – For the first time in his long political career, former Premier Michael Misick appeared on Drexwell Seymour’s “Financially Speaking” radio programme this week — and he used the platform to forcefully reject the Government’s new 60/40 business-ownership model, arguing that Turks and Caicos Islanders are once again being positioned to lose ground in their own country.

The interview came at a pivotal moment: the Washington Misick Administration has just issued a detailed press statement confirming that the controversial 100% Islander-only ownership requirement — praised by some as overdue protectionism and criticised by others as unconstitutional and discriminatory — was never Cabinet’s intended position. A “drafting error,” the Government now says, caused the blanket 100% clause to appear in the Business Licensing (Amendment) Bill, prompting a pause in Parliament and a full review.

This week, Cabinet reaffirmed its balanced 60/40 framework, arguing that meaningful majority control for Turks and Caicos Islanders must coexist with access to external capital, expertise, and investment partnerships. The Government cited international models, financing constraints for local entrepreneurs, and the need to avoid “harsh outcomes” that could unintentionally weaken local businesses or violate constitutional safeguards. It further pledged strengthened anti-fronting mechanisms, tighter oversight, and mandatory protections for local shareholders.

But Michael Misick isn’t convinced.

During the wide-ranging RTC interview, the former Premier dismissed the 60/40 model as inadequate and accused successive governments of diluting the rights and economic standing of heritage Turks and Caicos Islanders. He argued that fronting has flourished under the existing 51% rule, and that only full, uncompromised Islander ownership in certain industries can prevent locals from being reduced to symbolic partners with no real power. Misick described the Business Licensing Board’s disappearance, the rise of unchecked approvals, and the growing dominance of expatriate capital as evidence that the country is “losing itself, bit by bit, every sunrise.”

Seymour, a CPA and economic commentator, echoed concerns about fronting and asked whether the territory’s leaders were “afraid” to implement robust protections. Misick went further, accusing modern politicians of lacking political courage and failing to defend the long-term interests of heritage Turks and Caicos Islanders.

“Every time legislation comes to empower our people, there is resistance,” Misick said.
“When it’s something that penalises our people, no one objects.”

The Government’s clarification attempts to neutralize that narrative, insisting Cabinet did not “retreat” under pressure but merely corrected an error to restore policy integrity. Still, the timing — after months of public debate, stakeholder pushback, and ongoing reference to the Grant Thornton economic impact report — has only deepened suspicion among critics who say the Administration is wavering.

What is clear is this:
The Business Licensing reform has cracked open the deepest unresolved question in the Turks and Caicos Islands — how to protect a small population from economic displacement while maintaining an investment climate that supports national development.

With Parliament scheduled to revisit the Bill this month, the clash between political philosophy and economic pragmatism is now on full display. And as Misick made clear on RTC, this debate will define not just policy, but identity.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.  

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