Job Purpose
Conduct off-site surveillance of a portfolio of Commercial Banks, Mortgage Finance Companies (MFCs)and Non-Operating Holding Companies (NOHCs) with a view to promoting safety, soundness, access and integrity of the financial system.
Key Duties and Responsibilities
Strategic Responsibilities
- Contributes as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
Technical and Operational Responsibilities
- Contribute to the preparation of draft portfolio budget estimates.
- Conduct risk-based site surveillance framework of Commercial Banks, Mortgage Finance Company and Non-Operating Holding Companies (NOHCs) and continuously monitor its effectiveness by developing the Institution Risk Profiles of the banks including Domestic Systemically Important Banks (D-SIBs).
- Carry out surveillance of Commercial Banks, MFCs and NOHCs and ensure compliance with legal, regulatory and prudential requirements.
- Review and engage banks on audited financial statements and unaudited quarterly financial statements of Banks and related disclosures.
- Participate in on-site entry and exit meetings with Senior Management of Commercial Banks and in the presentation of the inspection reports to institutions’ Board of Directors
- Prepare and continuously monitor supervisory programs.
- Conduct consolidated supervision and contribute to planning and participate in discussions during home supervisory colleges meetings.
- Participate in host supervisory college meetings.
- Participate in the Assessment of the quality of host supervisory framework to which CBK can place reliance on the supervisory framework of the Host Country
- Review of Internal Capital Adequacy Assessment Process (ICAAP) models to ascertain whether commercial banks have adequate capital consistent with their risk profiles.
- Participate in Implementing a multi-dimensional Early Warning System and highlight emerging challenges.
- Process, analyze and make appropriate recommendations on applications for new branches, mergers & acquisitions, new products, change in tariffs and vetting of Senior Managers, Directors and significant shareholders of banks and approve new premises and customer complaints and other corporate applications.
- Contribute and participate in the development of policy and legal and regulatory frameworks.
- Prepare quarterly reports, Institutional Profiles (IP) and conduct on-going risk assessments from on-site and off-site supervision for appropriate action.
- Prepare periodic reports on the performance of Banks and collect information as required.
- Participate in periodic regulatory meetings on regulatory concerns and emerging developments with Senior Management of Banking Institutions.
- Represent the Department in various meetings and committees as and when required.
- Provide on the job training and mentor new staff.
- Perform any other duties as assigned by the supervisor.
Qualifications
- Bachelor’s Degree in Business Management, Economics, Insurance, Law, Accounting, Finance, Computer Science, IT or related discipline from a reputable university.
- Any other Bachelor’s Degree from a reputable university which should be supported by a professional qualification relevant to the job requirements.
- Professional qualification(s) in Accounting, Finance, Banking, ICT or related discipline is an added advantage.
- Master’s in Business Administration, Finance, Accounting, Economics, Law or related discipline is an added advantage.
Work Experience