Job Description
The
job holder is responsible for conducting off-site examinations of the
payments operations, ensuring compliance with regulatory standards and
evaluating the overall risk management framework.
job holder is responsible for conducting off-site examinations of the
payments operations, ensuring compliance with regulatory standards and
evaluating the overall risk management framework.
Job Responsibilities
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Execute comprehensive plans for off-site inspections, including scope, objectives, and timelines.
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Gather
and analyze data related to the bank’s operations, financial
performance, and risk management practices during inspections. -
Evaluate
the risk exposure of supervised institutions and the effectiveness of
internal controls, identifying areas for improvement -
Prepare detailed reports on inspection findings, highlighting strengths, weaknesses, and recommendations for corrective actions
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Communicate findings and recommendations to senior management, the board, and regulatory authorities as necessary
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Monitor the implementation of corrective actions and recommendations resulting from inspections
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Provide training to staff on compliance and operational standards to enhance understanding and adherence.
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Work closely with other departments to ensure alignment on operational practices.
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Identify opportunities for improving the inspection process and methodologies to enhance effectiveness.
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Keep abreast of industry trends, regulatory changes, and best practices related to banking inspections.
Job Requirements
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Bachelor’s degree in finance, Business Administration, Accounting, or a related field.
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3 years of experience in banking, audit, or compliance roles, with a focus on off-site inspections or examinations
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Professional Certifications such as Certified Internal Auditor (CIA) or Certified Risk Manager is added advantage
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