Centralbank.gov.so
|Job Description |
|Post Title |Compliance Officer |
|Duty Station |CBS Headquarter |
|Expected starting date |May 2021 |
|Employment Status |Permanent |
|Reports to |Senior Officer Risk Management, Compliance and Policy |
|Supervises |None |
|Role |
|The incumbent will perform payment systems risk management through monitoring and compliance assessment to ensure that the payment systems |
|operations and business transactions follow all relevant legal and internal rules. |
|General Description |
|The Currency and Banking Operations Group carries out a broad range of functions for the Central Bank of Somali to provide a broad range of |
|financial banking services to the state and its institutions (Public Sector) and for those who have current accounts at the CBS. It also |
|provides additional services such as maintain the legal reserves for the commercial banks and rediscount of both commercial and financial paper|
|and clearing services. The main functions of the Banking Operations Department are to serve as the “Banker’s Bank” by providing banking |
|services to the Government, financial institutions, and other approved account holders. |
|Main Duties and Responsibilities |
|Manage the risk management process of payment systems through monitoring the performance of payment, clearing and settlement systems and the |
|compliance to relevant standards, rules, procedures, regulations, and guidelines. |
|Review applications submitted by payment systems service providers for consideration for no-objections/licenses. |
|Ensure monitoring of domestic and cross-border payment systems to identify incidents and performance issues. |
|Collect and analyze payment, clearing and settlement systems incidents. |
|Perform assessment of payment, clearing and settlement systems against the Principals for Financial Market Infrastructures. |
|Carry out periodic national payment systems risks assessment and analysis and propose to management appropriate mitigating measures. |
|Carry out analysis and assessment of new payment systems. |
|Conduct on-site and off-site examination of payment systems. |
|Prepare monthly, quarterly and annual risk management reports and any ad-hock report as may be required. |
|Monitor the preparation of and monitor the performance of the section operational plans/balanced scorecard. |
|Manage the performance and motivation of staff in the section; and |
|Carry out such other duties as may be assigned from time to time. |
|Qualifications |
|Education & Experience: |
|A degree in Commerce, Accounting, Finance, Business administration or a related field from a recognized university. |
|3 years’ experience. |
|Language: |
|Operationally fluent in both Somali and English. |
|Functional and Organizational Skills |
|Knowledge of legal requirements and controls (e.g. Anti-Money Laundering/AML). |
|Familiarity with industry practices and professional standards. |
|Good knowledge of payment systems dynamics and related emerging developments. |
|Computer literate with concern for detail. |
|High degree of integrity. |
|Good report writing skills. |
|Enhanced efficiency in the national payment system. |
|Minimized risks in payment systems in Banks. |
|Payment system risk management reports. |
|Incident Reports. |
|Application Procedure: |
|Only qualified national applicants with completed applications are invited to submit their electronic applications/Cover Letters, updated |
|resumes supported with copies of their professional, academic certifications and any other evidence demonstrating the required experience and |
|three referees through email; recruitment@.so and copy to operations@.so not later than 19th March, 2021 at |
|midnight Mogadishu time. Incomplete Applications and those received after deadline will not be considered. Per newly approved human resources |
|policy, Central Bank is equal opportunity employer, female applicants are highly encouraged to apply. Please note Only shortlisted candidates |
|will be contacted. |
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bankiga dhexe ee soomaaliya
'D(FC 'DE1C2J 'D5HE'DJ
CENTRAL BANK OF SOMALIA
البنك المركزي الصومالي
CENTRAL BANK OF SOMALIA
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