Business Analyst 2, Surveillance Non-banks (Business Analyst 2)

Job Purpose

The role holder will conduct surveillance with a view to promoting the 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

• Conduct risk-based surveillance framework of non-bank institutions and continuously monitor its effectiveness by developing the Non-Bank Institutions’ risk profiles.
• Contribute to the preparation of draft portfolio budget estimates.
• Carry out surveillance of Non-Banks and ensure compliance with legal, regulatory, and prudential requirements.
• Review and engage non-bank institutions on audited financial statements and unaudited quarterly financial statements and related disclosures.
• Prepare and continuously monitor supervisory programs.
• Process, analyse and make appropriate recommendations on applications for new branches, mergers and acquisitions, new products, change in tariffs and vetting of senior managers, directors and significant shareholders of Non-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 and analyse periodic reports received from Non-Banks to monitor performance and financial conditions and prepare relevant analysis required.
• Participate in periodic regulatory meetings on regulatory concerns and emerging developments with Senior Management of Non-Bank institutions.
• Identify problematic non-banks and highlight risks and challenges to the Deputy Manager as required.
• Ensure that customer (Non-Banks) complaints are handled effectively and in a timely manner.
• Process new licence applications for Non-Banks (Forex Bureaus and MRPs).
• Perform any other duties as assigned by the supervisor.

Qualifications

• Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.
• Professional qualification(s) in Accounting, Finance, Banking, ICT 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 and any other relevant area.