s responsible for conducting risk-based prudential and market conduct supervision for Payment Service Providers (PSPs). The role holder will be guided by the National Payment system laws and the oversight risk-management framework. The role holder will analyze and assess the level of compliance and risk inherent to PSPs with the aim of ensuring that the National Payment System is safe, sound and secure.
Key Duties and Responsibilities
Technical and Operational Responsibilities
Analyse Retail payments system (RPS) including i.e. ACH, EFT, Cards, Mobile Payments and Pesalink.
Carry out assessments of Retail payments systems against BIS core principles and set standards.
Preparation of oversight reports RPSs e.g. Monthly reports, Quarterly and Annual reports.
Prepare management reports i.e. Stability Report and the FISC Report.
Determine data requirements and relevant returns to facilitate oversight of PSPs.
Conduct online monitoring of PSPs transactions.
Coordinate responses to audit and risk management queries.
Undertake on- site oversight examination/off-site surveillance of RPSs.
Recommend enforcement action for non-compliance with NPS Act and Regulations.
Assess compliance with AML/CFT requirements.
Identify infrastructures that meet the criteria for FMIs for purposes of designation.
Prepare incident report and recommend action.
Receive and review complaints/enquiries on a payment system/product from customers/users.
