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

• At least two (2) years’ post qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, Commercial Banking Operations or any other relevant area.

• 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.

• 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.