Onsite examination - Generic roles

Banking

2.1.5 Onsite examination – Generic roles

Description of role

Responsible for examining licensees firm-wide risks and ensuring production of comprehensive, timely, accurate and well-formatted reports which are used by the licensees senior management to monitor overall risk exposure of the bank.

Core technical skills

Ability to critically evaluate with scepticism information provided by the knowledge of relevant laws and principles and standards of regulation and supervision
Ability to supervise an examination team and coordinate data gathering activities
Knowledge of appropriate documentation and support evidence gathering for identified issues
Ability to effectively articulate concerns related to the financial institution backed by appropriate evidence
Knowledge of financial soundness indicators to ascertain application within the institution
Data gathering and collection of relevant evidence for analysis
Knowledge of banking (conventional and Islamic)
Skills in the execution of Audit activities across relevant areas of risk
Knowledge of relationship between specific products and inherent risk(s)
Demonstrable ability to understand a full product lifecycle for relevant bank product suites
Ability to work effectively under direct supervision
Able to identify red flags
Familiar with early warning systems and monitoring tools

Qualification and/ or certification

QFSQF Level 3
Relevant experience

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