Onsite examination - general roles

Capital Market

2.1.5 Onsite examination – general 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

Knowledge of relevant laws and principles and standards of regulation and supervision
Knowledge of insurance (conventional and Takaful)
Ability to supervise an examination and coordinate data gathering activities
Knowledge of appropriate documentation and support evidence gathering for identified issues
Ability to critically evaluate with scepticism information provided
Knowledge of financial soundness indicators to ascertain application within the institution
Familiar with early warning systems and monitoring tools
Knowledge of relationship between specific products and inherent risk(s)
Data gathering and collection of relevant evidence for analysis
Ability to understand a full product lifecycle for relevant insurance product suites
Skills in the execution of Audit activities across relevant areas of risk
Ability to effectively articulate concerns related to the financial institution backed by appropriate evidence
Understanding of corporate governance principles, conduct of business principles and rules relevant to solvency

Qualification and/ or certification

QFSQF Level 3
Relevant experience

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