POSITION TITLE: Analyst- Credit Institutions

REFERENCE NO.: 1/2024

DEPARTMENT: Financial System Regulation

WORK UNIT: Credit Institutions

REPORTS TO: Senior Analyst Banking and or Manager Financial Supervision (MFIS)

LEVEL: Level 16

BASE SALARY RANGE: $116,016.44- $136,193.22

ESSENTIAL QUALIFICATION:

• Bachelor’s degree in Banking and Finance or other related fields

ESSENTIAL EXPERIENCE:

• Minimum of 2 years’ professional experience in accountancy, finance and banking related roles.

ESSENTIAL PERSONAL ATTRIBUTES:

• Must be Punctual / good time keeper both for work and meetings.

• Trustworthy.

• Must Works well in a team.

• Warm friendly and cooperative.

• Produce quality repots and complete work before deadlines.

• Willing to work during weekends and public holidays.

• Have respect for the workplace and willing to adopt to work culture.

ESSENTIAL TECHNICAL COMPETENCIES

• Strong analytical skills with use of Microsoft excel spreadsheet.

• Ability to analyze and interpret financial ratios.

• Ability to produce in a timely manner financial reports that possess

clarity, accuracy, conciseness, coherence and relevance to

effectively facilitate informed decision-making.

JOB DESCRIPTION

JOB SCOPE AND PURPOSE

The scope of this Job includes licensing and supervision of credit institutions licensed by the Central Bank of Solomon Islands (CBSI). The supervision includes offsite monitoring through collection of monthly, quarterly and annual financial and market data. The supervision also includes onsite examinations on credit institutions, focusing on specific areas of supervisory concern. The Job also requires jobholder to participate in legislative reviews and public consultations. Therefore, the purpose of this Job is for analyst credit institutions to safeguard the stability of the credit institutions and Solomon Islands financial system from suffering significant financial shocks.

MAIN RESPONSIBILITIES

• Establish cordial professional network with management and officers of licensed credit institutions and their external auditors.

• Monitor and report compliance of and risks pertaining to credit institutions as per the provisions of the CBSI Act 2012, Financial Institutions Act 1998 (as amended) and prudential guidelines and standards issued by CBSI from time to time.

• Ensure required monthly and quarterly prudential returns, and annual audited reports are submitted to CBSI on time and that those reports are accurate for analytical work and publication.

• Under existing regulatory and prudential framework, conduct offsite review and perform composite1 risk analysis for credit institutions.

• Perform quarterly risk analysis and produce quarterly financial risk report on licensed credit institutions.

• Prepare preliminary assessment and agenda for CBSI-approved onsite examination and to conduct follow-up visits to ensure CBSI recommendations are implemented after such onsite examinations.

• Participate in on-site reviews conducted by other units within the Financial System Regulation Department, as approved by FSRD Management.

• Assist in draft banking sector section for the Financial Stability Report from time to time.

• Keep abreast with developments and issues in banking in media, newspaper, technical articles including AML 40 + 9 FATF recommendations and related AML developments in financial 1 Consider all risk areas sector, Basel publications, IMF & World Bank publications, PFTAC websites and other related financial/supervision articles.

• Check national publications and ensure any issues/complaints are researched and addressed.

• Keep Senior Analyst and Management informed of issues and developments that may positively or negatively impact credit institutions’ operations.

• Liaise with AA/FSRD to ensure filing of all correspondences are adequately and correctly filed.

• Perform any other duties requested by Senior Analyst or FSRD management.