Job Description
Reporting to the Manager. Supervision of Non-deposit Taking Financial service providers, the job holder is responsible for identifying and analyzing risks facing Non-Deposit Taking Financial service providers.
Job Responsibilities
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Conduct on-site and off-site inspections to identify and evaluate key business and financial risks, risk management practices, controls and compliance with applicable laws, regulations and standards
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Conduct periodic follow up of the implementation of the onsite recommendations
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Contribute to the onboarding of new applicants through licensing process and recommend the management of the bank about the fit and relevant applications that meet the criteria
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Conduct market assessment to identify non-compliance behaviors in terms of pricing, disclosure of information and recommend the management about the actions to be taken
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Contributes to the review and design of the non-deposit taking financial institutions legal instruments, policy, guidelines, etc. and identifying legal gaps
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Collect, validate and analyze periodic financial reports from supervised non-deposit taking financial service providers and produce consolidated reports
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Provide technical training to the regulated institutions pertaining to their core business including credit assessment, liquidity management, credit guarantee, financial reporting as well as trust and corporate services
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Organize and participate in the meetings with stakeholders and investors to facilitate onboarding process
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Conduct assessment of the institutions’ business operations and risk management frameworks following the NBR Risk Based supervision framework
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Participate in the development of practice manuals and operational guidance tools and instruments in key areas of Non-deposit Taking institutions to ensure sector development
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Conduct research and disseminate information on operational efficiency of Non-deposit Taking financial institutions domestically, regionally and internationally; and
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Performs other duties as assigned by the line Manager
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Job Requirements
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Bachelor’s degree in business administration, Finance, Banking, Accounting, Economics or a related field.
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At least three (3) years of experience in audit roles in either a consultancy or banking environment.
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Relevant professional certification such as CPA, ACCA, CFA is an added value.
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