The role holder is responsible for implementing and overseeing the supervisory framework for licensed Virtual Asset Service Providers (VASPs). This includes conducting risk-based supervision, monitoring compliance, investigating potential breaches including contributing to policy development. The position holder is responsible for assessment of the implementation of prudential and market conduct activities of VASPs to promote safety and stability of the national payment system.
Key Duties and Responsibilities
Technical and Operational Responsibilities
Conduct ongoing, risk-based supervision of licensed VASPs.
Perform comprehensive compliance reviews and on-site/offsite examinations of VASPs’ operations, focusing on AML/CFT/CPF, consumer protection, cyber security, and operational resilience.
Monitor adherence to licensing conditions, including capital adequacy, governance, and general compliance with the VASP law, including other relevant laws.
Investigate potential instances of non-compliance, market abuse or unlicensed VASP activities.
Recommend and oversee corrective actions, sanctions, or enforcement actions in line with the provisions of VASP laws.
Serve as the main supervisory contact for assigned VASPs including guidance on regulatory expectations.
Maintain a current understanding of emerging risks, trends, and typologies in the virtual asset space.
Prepare detailed reports and briefings on management on the status, risks, and ove
