Kaebauk Investimentu no Finansas, SA is licensed as “Other Deposit Taking Institution” regulated by the Central Bank. It has been promoted by Tuba Rai Metin (over a decade old microfinance institution (MFI)), IFC and BOPA- Singapore. It has 13000 clients and assets of about $20 million and operates in all districts through a network of 22 branches and four sub-branches. It is has over 300 employees.
About the Job:
KIF is looking for a suitable person with expertise on regulatory, compliance and Basel Norms. Retired banking professionals, having relevant experience are welcome to express their interest for the same.
Tasks and Responsibilities:
Reviewing, approving, and monitoring the Company’s long-term strategic objectives and business plans of management.
Overseeing and approving the risk management framework and associated policies and procedures used by management to effectively manage risk.
Overseeing the integrity of the financial statements, the compliance with legal and regulatory requirements of Timor-Leste, the performance, qualifications, and independence of the external auditor, and the performance of the internal audit function.
Overseeing the internal control framework used by management and ensuring it is efficient and effective.
Overseeing the Company’s corporate governance framework and ensuring compliance with agreed policies and provisions.
Banking License: KIF Board has already established, Audit Committee and Risk Management Committee plus ad-hoc Committees as per time bound requirements. Considering the need of banking license to serve larger client base, KIF requires a board member to steer the drive of next transformation and lead the Banking License Committee (to be formed).
Updating current policies and procedures: To meet the regulatory requirements and compliances for a banking license, due updates to be arranged in all policies.
Setting up Basel Norms and allied system in working of KIF.
A degree in a related discipline from a recognized educational institution.
Fifteen years of relevant banking experience of senior level.
Well versed with dealings with regulatory and Basel requirements.
Sound inter personal skills to manage different stakeholders interests.
How to Apply:
Interested candidates are invited to submit their resume and photo to [email protected] with the title of the positionin the subject line.