The National Bank of Rwanda (NBR) was established in 1964 with the aim of issuing the Rwandan currency named Franc Rwandais (Frw). Over the years, the role of the NBR has evolved. The current Law N°48/2017 of 23/09/2017 as amended to date, confers a clear mandate on the NBR with a mission of ensuring price stability and a sound financial system. Price stability is achieved by conducting appropriate monetary policy in the interest of a stable macroeconomic environment, while financial stability is achieved by regulating and supervising the financial system.
Job Description
The job holder is responsible for conducting off-site examinations of the payments operations, ensuring compliance with regulatory standards and evaluating the overall risk management framework.
Job Responsibilities
Execute comprehensive plans for off-site inspections, including scope, objectives, and timelines.
Gather and analyze data related to the bank’s operations, financial performance, and risk management practices during inspections.
Evaluate the risk exposure of supervised institutions and the effectiveness of internal controls, identifying areas for improvement
Prepare detailed reports on inspection findings, highlighting strengths, weaknesses, and recommendations for corrective actions
Communicate findings and recommendations to senior management, the board, and regulatory authorities as necessary
Monitor the implementation of corrective actions and recommendations resulting from inspections
Provide training to staff on compliance and operational standards to enhance understanding and adherence.
Work closely with other departments to ensure alignment on operational practices.
Identify opportunities for improving the inspection process and methodologies to enhance effectiveness.
Keep abreast of industry trends, regulatory changes, and best practices related to banking inspections.
Job Requirements
Bachelor’s degree in finance, Business Administration, Accounting, or a related field.
3 years of experience in banking, audit, or compliance roles, with a focus on off-site inspections or examinations
Professional Certifications such as Certified Internal Auditor (CIA) or Certified Risk Manager is added advantage
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