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

• 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

• Conduct periodic follow up of the implementation of the onsite recommendations

• 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

• 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

• Contributes to the review and design of the non-deposit taking financial institutions legal instruments, policy, guidelines, etc. and identifying legal gaps

• Collect, validate and analyze periodic financial reports from supervised non-deposit taking financial service providers and produce consolidated reports

• 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

• Organize and participate in the meetings with stakeholders and investors to facilitate onboarding process

• Conduct assessment of the institutions’ business operations and risk management frameworks following the NBR Risk Based supervision framework

• 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

• Conduct research and disseminate information on operational efficiency of Non-deposit Taking financial institutions domestically, regionally and internationally; and

• Performs other duties as assigned by the line Manager

Job Requirements

• Bachelor’s degree in business administration, Finance, Banking, Accounting, Economics or a related field.

• At least three (3) years of experience in audit roles in either a consultancy or banking environment.

• Relevant professional certification such as CPA, ACCA, CFA is an added value.