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
- Execute comprehensive plans for off-site inspections, including scope, objectives, and timelines.
- 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
- Communicate findings and recommendations to senior management, the board, and regulatory authorities as necessary
- Monitor the implementation of corrective actions and recommendations resulting from inspections
- Provide training to staff on compliance and operational standards to enhance understanding and adherence.
- Work closely with other departments to ensure alignment on operational practices.
- Identify opportunities for improving the inspection process and methodologies to enhance effectiveness.
- Keep abreast of industry trends, regulatory changes, and best practices related to banking inspections.
Job Requirements
- Bachelor’s degree in finance, Business Administration, Accounting, or a related field.
- 3 years of experience in banking, audit, or compliance roles, with a focus on off-site inspections or examinations
- Professional Certifications such as Certified Internal Auditor (CIA) or Certified Risk Manager is added advantage
