Press Release: CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments

CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments Honiara 8.15.19 – The Central Bank of Solomon Islands (CBSI) officially signed a Memorandum of Understanding (MOU) on 13th August, 2019 with the Solomon Islands National Provident Fund (SINPF), Our Telekom, Bmobile and United Nation Capital Development Fund – Pacific Financial Inclusion Program (UNCDF-PFIP) to pilot a Digital Airtime Payments Project in the country....

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Vacancy-Banking and Exchange Officer

Banking and Exchange Officer Vacancy No.:  11/2019 Department:  Currency Banking and Payments Department(CBPD) Work unit:      Banking Unit Work type:      Full time Reports to:      Supervisor (CBPD) Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Banking and Exchange Officer within the Currency Banking and Payments Department (CBPD). The potential candidate must have essential minimum experience and qualification below. Essential Qualification Minimum of a Degree in Accounting and Banking. Essential Experience Two or more years’ experience in accounting Responsibility Produce daily outward listing of cheques for the exchange at the clearing house. Produce a summary of daily exchanges for settlement after the clearing Prepare accounting entries for clearing house transactions Monitor clearing house attendance and report to supervisor for possible improvement and ensure activities of the clearing house are in accordance to the RABB document. Maintain a summary of daily clearing data by commercial banks for weekly reporting Count, verify and sort government revenue deposits and ensure that actual cash and cheque deposits confirm with Revenue Deposit Forms (RDFs); Input SIG Revenue deposit cash data into working store database Process SIG payments and send via email to responsible Commercial bank officers Assist in receipting of cheque payment received from SIG for direct deposit to SIG accounts e.g. Performance Bond/Proceeds from seized logs etc. Assist with weekly and monthly stocktakes Assist ...

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Vacancy – Analyst Financial Institutions

Analyst Financial Institutions Vacancy No.:  10/2019 Division:  Intelligence Management Division Work unit:      SIFIU Work type:      Full time Reports to:      Senior Analyst and Manager AML/CTF IMD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Analyst Financial Institutions within the Intelligence Management Division of the Solomon Islands Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking / Finance, Accounting, Business, or related fields; Essential Experience Some experience preferably in the finance / banking / superannuation or life insurance /securities /general insurance industry would be valuable; a working knowledge of the banking, finance and savings and loans, superannuation or life insurance industries, securities and general insurance and detailed knowledge of at least one of the relevant Acts and prudential standards and a working knowledge of other related legislation, demonstrated management, communication, leadership, experience and skills.  Responsibility Primary Functional Responsibilities Key Activities includes; manage SIFIU’s intelligence and database management systems and analysis; manage the reporting and information exchange framework to ensure continuous flow of financial information between financial institutions, law enforcement authorities and the SIFIU; manage the SIFIU’s financial intelligence management database systems effectively and efficiently; manage cross-border currency reporting framework and work closely with relevant authorities in Solomon Islands and abroad as required under the MLPCAA 2010; examine, monitor and report...

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Vacancy- Analyst Supervision and Compliance

Analyst Supervision and Compliance Vacancy No.:  06/2017 Division:  PDCSC Work unit:      SIFIU Work type:      Full time Reports to:      Senior Analyst & Manager AML/CTF IMD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Analyst Supervision and Compliance within the Policy Development and Coordination, Supervision and Compliance Division (PDCSCD) of the Solomon Island Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking / Finance, Accounting, Business, or related fields; Essential Experience A least some work experience preferably in the finance / banking / superannuation or life insurance/securities/general insurance industry; A working knowledge of the banking, finance and savings and loans, superannuation or life insurance, securities, general insurance industries and detailed knowledge of at least one of the relevant Acts and prudential standards and a working knowledge of other related legislation, demonstrated management, communication, leadership, experience and skills. Responsibility Primary Functional Responsibilities Key Activities Includes; assist in ensuring that the AML/CTF policies and procedures of the Financial Institutions and DNFBPs are applied; assist in carrying out enforcement actions on breaches of AML/CTF related issues; assist in ensuring that there is appropriate liaison with SIFIU with regard to AML/CTF; assist in assessing and making recommendations to the Manager PDCSCD with regard to AML CTF; assist in onsite and offsite supervision...

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Vacancy – Analyst Policy Development and Coordination

Analyst Policy Development and Coordination Vacancy No.:  08/2019 Division:  PDCSCD Work unit:      SIFIU Work type:      Full Time Reports to:      Senior Analyst & Manager AML/CTF PDCSCD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Analyst Policy Development and Coordination within the Policy Development and Coordination, Supervision and Compliance Division (PDCSCD) of the Solomon Island Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking / Finance, Accounting, Business, or related fields; Essential Experience At least some work experience preferably in the finance / banking / superannuation or life insurance industry/securities and general insurance industry; Some knowledge of the banking, finance and savings and loans, superannuation or life insurance industries, securities and general insurance and detailed knowledge of at least one of the relevant Acts and prudential standards and a working knowledge of other related legislation, demonstrated management, communication, leadership, experience and skills. Responsibility Primary Functional Responsibilities Key Activities includes; develop regulations, policies, procedures, and guidelines to effectively facilitate the implementation and enforcement of AML and combating the financing of terrorism framework in Solomon Islands under the MLPCAA 2010; monitor international developments in the AML standards, evaluate its national relevance and potential application, and plan how this can be adopted by the SIFIU; assist to supervise financial institutions’ compliance...

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Vacancy – Senior Analyst DNFBPs/Cash Dealers & NPOs

Senior Analyst DNFBPs/Cash Dealers & NPOs Vacancy No.:  07/2019 Division:  Intelligence Management Division Work unit:      SIFIU Work type:      Full time Reports to:  Manager AML/CTF IMD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Senior Analyst DNFBPs/Cash Dealers & NPOs within the Intelligence Management Division of the Solomon Island Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking/Finance, Accounting, Business or related fields; Essential Experience Three plus years’ relevant work experience preferably in the finance/banking/superannuation of life insurance/ security/general insurance industry; Working knowledge of the banking, finance and savings and loans, superannuation or life insurance industries with knowledge of the relevant Acts and prudential standards and other related legislation, demonstrated management, communication, leadership, experience and skills. Responsibility Responsibilities Key Activities includes: implement and manage SIFIU’s intelligence and database management system and analysis; manage the intelligence information and reporting systems and provide reports on the overall condition of the financial intelligence system; manage the reporting and information exchange framework to ensure continuous flow of financial information between financial institutions, law enforcement authorities and the SIFIU; develop, implement and manage the SIFIU’s financial intelligence management database systems effectively and efficiently; manage cross-border currency reporting framework and work closely with relevant authorities in Solomon Islands and abroad as required under...

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Vacancy – Senior Analyst Supervision and Compliance

Senior Analyst Supervision and Compliance Vacancy No.:  06/2019 Division:  PDCSCD Work unit:      SIFIU Work type:      Full time Reports to:      Manager AML/CTF PDCSCD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Senior Analyst Supervision and Compliance within the Policy Development and Coordination, Supervision and Compliance Division (PDCSCD) within the Solomon Islands Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking / Finance, Accounting, Business, or related fields; Essential Experience Three plus years’ relevant work experience preferably in the finance / banking / superannuation or life insurance industry; A working knowledge of the banking, finance and savings and loans, superannuation or life insurance, securities and general insurance industries and detailed knowledge of at least one of the relevant Acts and prudential standards and a working knowledge of other related legislation, demonstrated management, communication, leadership, experience and skills. Responsibility Primary Functional Responsibilities Key Activities includes; assist in ensuring that the AML /CTF policies and procedures of the Bank are applied; assist in planning and executing and onsite and offsite supervision of all regulated entities capture within the Act in according with the AML/CTF Act and other relevant AML/CTF laws and regulations; form alliance with peer regulators to undertake onsite supervision within their respective  entities in accordance to their work plan; assist...

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Vacancy- Senior Analyst Policy Development and Coordination

Senior Analyst Policy Development and Coordination Vacancy No.:  05/2019 Division:   PDCSC Work unit:      SIFIU Work type:      Full time Reports to:      Manager, AML/CTF PDCSCD Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Senior Analyst Policy Development and Coordination within the Policy Development and Coordination Supervision and Compliance Division (PDCSCD) of the Solomon Islands Financial Intelligence Unit (SIFIU) The potential candidate must have essential minimum experience and qualification below. Essential Qualification Degree in Banking/Finance, Accounting, Business, Commercial Law or related fields; Essential Experience Three plus years’ relevant work experience preferably in the finance / banking / superannuation or life insurance, securities, general insurance industry or legal and policy development; A working knowledge of the banking and financial system, securities industry, insurance and other relevant industry management with high level AML/CFT controls and regulation.  Also has the understanding of International AML/CFT Standards, FATF Standard requirements, and has hand on experiences on promoting legal and compliance enforcement knowledge of at least one of the relevant Acts and prudential standards and other related legislation, demonstrated management, communication, leadership, experience and skills with high moral values.   Responsibility The Senior Anaalyst AML/CFT CPDCD must be accountable to the Manager AML/CFT PDCSCD. Primary Functional Responsibilities Key Activities includes: ensure the development and enforcement of AML programmes, and CFT framework in the Solomon islands; create and support...

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CBSI on Foreign Counterfiets

CBSI on Foreign Counterfeits Honiara 05.08.19 – The Central Bank of Solomon Islands (CBSI) has confirmed that counterfeit $50 euro notes have been found circulating in Honiara....

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Key Statistics

Inflation
(May, 2019) 1.0%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(August 14, 2019)SBD $5,074m
Interest Rates
(June, 2019)
Deposit Rate0.35%
Lending Rate10.72%
Money Supply
(August 14, 2019)SBD $5,140m

Exchange Rates

per
SBD
Today
23/08/2019
Last Week
16/08/2019
USD0.12120.1213
GBP0.09940.1006
EUR
0.10940.1088
AUD0.17900.1797
NZD
0.18970.1885
JPY12.912412.8387
SDR0.08800.0882
CNY0.8572 0.8512
Index112.4112.5

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