Analyst- Credit Institutions

Vacancy No.:  01/2024

Department: Financial Systems Regulation Department (FSRD)

Work unit:      Credit Institutions

Work type:      Full time

Reports to:     Senior Analyst Banking and or Manager Financial Supervision (MFIS)

Level: 16

The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Analyst – Credit Institutions within the Financial System Regulation Department (FSRD)

The potential candidate must have essential minimum experience and qualification below.

Essential Qualification
  • Bachelor’s degree in Banking and Finance or other related fields
Essential Experience
  • Minimum of 2 years’ professional experience in accountancy, finance and banking related roles.
  • Establish cordial professional network with management and officers of licensed credit institutions and their external auditors.
    • Monitor and report compliance of and risks pertaining to credit institutions as per the provisions of the CBSI Act 2012, Financial Institutions Act 1998 (as amended) and prudential guidelines and standards issued by CBSI from time to time.
    • Ensure required monthly and quarterly prudential returns, and annual audited reports are submitted to CBSI on time and that those reports are accurate for analytical work and publication.
    • Under existing regulatory and prudential framework, conduct offsite review and perform composite1 risk analysis for credit institutions.
    • Perform quarterly risk analysis and produce quarterly financial risk report on licensed credit institutions.
    • Prepare preliminary assessment and agenda for CBSI-approved on-site examination and to conduct follow-up visits to ensure CBSI recommendations are implemented after such onsite examinations.
    • Participate in on-site reviews conducted by other units within the Financial System Regulation Department, as approved by FSRD Management.
    • Assist in draft banking sector section for the Financial Stability Report from time to time.
    • Keep abreast with developments and issues in banking in media, newspaper, technical articles including AML 40 + 9 FATF recommendations and related AML developments in financial
    sector, Basel publications, IMF & World Bank publications, PFTAC websites and other related financial/supervision articles.
    • Check national publications and ensure any issues/complaints are researched and addressed.
    • Keep Senior Analyst and Management informed of issues and developments that may positively or negatively impact credit institutions’ operations.
    • Liaise with AA/FSRD to ensure filing of all correspondences are adequately and correctly filed.
    • Perform any other duties requested by Senior Analyst or FSRD management. 

To be considered, all applications submitted must include:

  • An Introductory cover letter
  • Completed recruitment application form (download available above) or contact to obtain a copy. 
  • Current resume or curriculum vitae
  • Certified copies of academic qualifications and transcripts
  • Reference letters from two referees, one of whom must be a former/current employer and/or your lecturer

Application address:

The Secretary
Central Bank of Solomon Islands
P O Box 634
Solomon Islands

Attention: Vacancy No.1/24

All applications must be sealed and shall be hand delivered or alternatively posted by mail with the above address. Alternatively applications can be submitted by email to copied to  

Closing Date: 1st March, 2024
Time: 4:30pm

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