Licensing and authorisation - Analyst functions

Banking

2.1.3 Licensing and authorisation – Analyst functions

Description of role

Responsible for validating the licensing application at the initial application stage as well as by change of scope, check fit and proper requirements for new licensees and on an ongoing basis during the lifetime of a licensee.

Core technical skills

Knowledge of how to perform checks on owners, management, and other key personnel (e.g. Fit and Proper testing)
Understand complex ownership structures and identify key risks inherent in each
Knowledge of the structure of banking sector and overall financial sector
Ability to analyse compliance of applicants with respect to requirements of licensing
Capability to interpret financial models, financial statements, and risk measures
Articulate the impact and risk of the proposed entity within the sector and wider economy
Ability to validate complex financial models
Understanding of bank operating models
Understand the implications of bank operating models on the wider financial sector (e.g. retail, private, commercial, etc.)
Familiarity with the impact of new licenses in the specific area of banking and the wider sector

Qualification and/ or certification

QFSQF Level 3
Relevant experience

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