Senior Cambio Examiner, Money Service Business (MSB) Regulatory Department, Payment System and Money Services Oversight Division

Senior Cambio Examiner is to lead the examination team in conducting examinations of cambios and to prepare reports on their operations.

Applications are invited from suitably qualified professionals to resource the position of Senior Cambio Examiner, Money Service Business (MSB) Regulatory Department, Payment System and Money Services Oversight Division. 

Reporting to the Head, On-Site Examination Section, the successful candidate will be responsible for:

1. Planning and leading the on-site examination process in order to examine the operations of cambios, utilizing risk-based supervisory techniques, to measure their compliance with the BOJ Operating Directions, BOJ Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism, Proliferation and Managing Related Risks (AML/CFT/CFP Guidance Notes) and the recommendations of the Financial Action Task Force (FATF).
2. Leading and managing pre-examination interviews with licensees and the administration of the AML/CFT/CFP Questionnaire to assess the entity’s compliance framework.
3. Leading and managing post-examination interviews with licensees to provide a forum for discussing findings and obtaining clarifications and documentation to inform the post-examination report and correspondence, where necessary. 
4. Preparing comprehensive reports of examination findings, making recommendations to address breaches, and assuming responsibility for reports prepared by the team member.
5. Assisting with developing post-examination review programmes as necessary, overseeing the follow-up work arising from examination findings and the implementation of recommendations.
6. Supervising the work of the cambio examiner, including guiding and leading the pre-examination preparations through analysis of in-house data received from the Off-Site Monitoring Unit.
7. Conducting site examinations of proposed cambio locations, to assess the suitability of such locations for licensing.
8. Representing the Bank appropriately in the interface with the management of the Cambios.
9. Participating in interviews/discussions held by the management of the Division with operators in breach of specified guidelines and legislation.
10. Keeping abreast of developments and policies that affect the operations of Cambios, the foreign exchange market in general and the interlinkages with the wider financial system.
11. Performing any other duties consistent with the nature and function of the job.

QUALIFICATION AND EXPERIENCE

• Postgraduate Degree in Accounting, Economics, Business Administration with three (3) years’ experience in a related field, two (2) of which should be in the auditing/supervision of financial institutions plus two (2) year relevant supervisory experience. 

OR

• Undergraduate degree in Accounting, Economics, Business Administration or Management Studies with five (5) years’ working experience in a related field, two (2) of which should be in the auditing/supervision of financial institutions plus two (2) year relevant supervisory experience.

Experience in Risk Based Supervisory methodology.

Training in Forensic Auditing and Money Laundering Detection Techniques would be a distinct asset.     

SPECIFIC KNOWLEDGE AND SKILLS REQUIRED

• Good auditing, computational and documentation skills
• Sound knowledge of cambio operations, including the internal monitoring procedures
• Sound knowledge of risk-based supervisory methodology for MSBs
• Sound knowledge of the BOJ Act, AML/CFT/CFP legislation, BOJ Operating Directions, BOJ AML/CFT Guidance Notes, the Terrorism Prevention Act, and the FATF recommendations
• Sound knowledge of audit procedures
• Sound analytical ability to assess relevant financial indicators obtained from financial statements of cambio Operators
• Attentiveness to detail and the identification of risk elements
• Excellent report writing skills
• Excellent interviewing and oral communication skills
• Good supervisory skills
• Good working knowledge of computer applications and specific job-related software such as word processing and spreadsheet preparation, Crystal Report Writer and the foreign exchange reporting application.
• Excellent driving skills.

SPECIFIC CONDITIONS ASSOCIATED WITH THE JOB 

• Exposure to hazardous and stressful road conditions.
• Varying levels of convenience at licensee locations.
• Exposure to risk to physical security.
• Exposed to highly confidential information in the discharge of the regulatory function.  

Interested persons who meet the above requirements should complete the application form with cover letter and full resume no later than Friday, 04 July 2025.

NB. Only short-listed candidates will be able to access the panel interview.