Waystone Scholarship Grant 2022/2023 - Cayman Islands

· George Town, George Town
Employment Type Intern
Minimum Experience Entry-level

Are you starting or continuing your studies with University this year?

Need assistance with funding - Waystone can help!

Waystone is committed to supporting further education and providing career opportunities that help Caymanians succeed, build our community and enhance the future growth of our islands.

We are pleased to offer educational grants for the 2022/2023 academic year.

Successful grant winners could be up for a chance to Intern with Waystone for the Summer 2023

Deadline for receipt of application and all supporting documents is 17th July 2022

Apply today!

See below for T&Cs


Waystone Scholarship Grant

Terms and Conditions

1. Introduction

At Waystone, Community Matters! We are committed to making a difference in the communities in which we operate. As part of our ongoing commitment to this belief we have created “The Waystone Scholarship Grant” for our Cayman Island Community. Our Waystone Scholarship Grant aims to give talented Caymanians with exceptional character and academic abilities, financial assistance for certain educational expenses.

2. About Waystone

Waystone is the leading provider of institutional governance, risk and compliance services to the asset management industry. Partnering institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$1Tn in AUM Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

3. Terms and Conditions

The Waystone Scholarship Grant (the “Grant”) is awarded each year by Waystone Governance Ltd. (“Waystone”) to a Caymanian with outstanding character and scholastic abilities, to provide financial assistance for certain educational expenses.  

The below details outline the selection process for and certain terms relating to the provision of the Grant.  Any Grant shall be subject to the recipient’s full compliance with these terms and the terms of any agreement entered into between the selected recipient and Waystone (“Agreement”).  Online applications are additionally subject to the website terms of use and privacy policy at https://www.waystone.com/privacy/

Waystone reserves the right to amend and update these terms at any time, without notice. Up to date terms are available at https://www.waystone.com/website-terms-of-use/ For the avoidance of doubt, nothing in these terms shall oblige Waystone to make a Grant in any year.

4. Conditions of Grant

4.1 Eligibility criteria

To be eligible for consideration for the Grant candidates must:

  • be Caymanian;
  • be between the ages of 17 and 25 years of age;
  • be resident in the Cayman Islands for four years prior to applying;
  • be in Waystone’ opinion, a clear communicator with good social skills and a strong work ethic;
  • have a strong academic record with a minimum of 5 higher-level passes including Mathematics and English or a cumulative high school GPA of 3.0 or higher, plus any of the following:
    • 3 ‘A’ levels with a minimum average grade of C; or
    • Associates Degree with a cumulative GPA of 3.0 or higher; or
    • AP or IB equivalent;
  • have acceptance into an accredited educational institution;
  • be ready to commence tertiary studies at the onset for the 2022/2023 academic year or be a full-time student pursuing an undergraduate level studies in an area that will contribute to the future of the Cayman Islands;

4.2 Application Process

The application must be made online by 17th July 2022 via our jobs portal and must be accompanied by:

  • Candidate’s CV
  • A motivation letter detailing reasons why you should be considered for the Waystone Scholarship Grant. Candidates must include
    1. What they aspire to be
    2. How their skills and abilities contribute to their university course
    3. Examples of proudest achievements
    4. How the scholarship will help them and what they would use the money for                                (Max 2 page cover letter)
  • A letter from the candidate’s parent/guardian undertaking to accept responsibility for additional funds over and above the Grant allowance necessary to maintain the candidate at an educational institution abroad, a letter from a Bank stating that additional funds are available, or proof of receipt of a separate Grant or Scholarship in an amount necessary to maintain the candidate at an educational institution abroad;
  • Candidate’s Passport/Proof of candidate’s Caymanian status;
  • A minimum of three references: comprising one academic reference, one character reference and (where applicable) one employment reference. These will be contacted if candidate is brought to interview stage;
  • Candidate’s academic certificates, together with full details of grades attained in the various subjects. Official certification of grades is necessary by way of a transcript if these do not appear on the actual certificates.
  • Provide proof of acceptance to an accredited educational institution;

Failure to comply with the application process outlined above may, at Waystone’ sole discretion, result in the application being automatically rejected without further consideration.

4.3 Selection Process

The selection of the Grant recipient(s) will be made by a selection committee of Waystone (the “Grant Committee”). Short listed candidates will be advised if they have been selected for an interview following the application deadline.  To be considered for selection, a candidate must be available for one or more interviews with the Waystone Grant Committee. The Grant will be awarded on a basis of merit.  When making its selection, the Grant Committee may, at its sole discretion, take into consideration scholastic, sporting and civic attainments, as well as a candidate’s character and ability to lead. The successful candidate shall be required to enter into the Agreement before payment of the Grant.  The Agreement shall detail, amongst other matters, continuing obligations and repayment provisions.

4.4 Acceptance of Grant

The Grant offer letter outlines how to accept or reject the Grant. If the selected candidate does not respond to the offer letter by the date specified in, the offer may be withdrawn and the Grant may be allocated to another eligible candidate, at Waystone’ sole discretion.

The Grant shall be for a maximum of one year, commencing in August each year.  If Waystone chooses to award multiple Grants to a candidate in successive years, the candidate will be required to sign multiple Agreements.  Waystone shall not be obliged to award multiple Grants.

Waystone shall be entitled to terminate the Grant and, in certain cases, require reimbursement, in accordance with the terms of the Agreement and at its sole discretion.

5. Privacy

The information provided to Waystone in the candidate’s application for a Grant is collected for the primary purpose of assessing eligibility to receive a Grant and, if the candidate is successful, offering and administering that Grant.  Candidates should refer to the website terms and conditions at https://www.waystone.com/waystone-policies/ for further information regarding the handling of personal information.

If you have any questions regarding your application, please contract Rachel Crowley directly: rcrowley@waystone.com 

Thank You

Your application was submitted successfully.

  • Location
    George Town, George Town
  • Employment Type
  • Minimum Experience