Bank Al-Maghrib: Job (7) Controller Jobs in Casablanca 2024
Bank Al-Maghrib is Morocco's central bank, playing a crucial role in the country's financial stability and economic development. As the central authority, Bank Al-Maghrib is responsible for several vital functions:
- Issuing Currency: Bank Al-Maghrib is the sole issuer of banknotes and coins in Morocco.
- Monetary Policy Implementation: The bank formulates and implements monetary policies to ensure price stability.
- Market Supervision: It oversees and ensures the smooth functioning of the money market.
- Foreign Reserves Management: The bank manages the country's foreign exchange reserves.
- Banking System Supervision: Bank Al-Maghrib supervises the banking sector to ensure its sound functioning.
- Financial Stability: The bank contributes to maintaining the overall stability of the financial system.
- Payment Systems Oversight: It monitors and secures payment systems and methods.
- Government Financial Advisory: Bank Al-Maghrib provides financial advice to the government.
- National and International Banking Operations: It acts as the treasury agent for national and international banking operations.
- Promoting Financial Inclusion: The bank is actively involved in developing financial inclusion and education.
Employment at Bank Al-Maghrib: (7) Supervisor Roles
Bank Al-Maghrib is currently seeking qualified candidates to fill seven supervisor positions. These roles are integral to the bank's mission of ensuring the stability and soundness of Morocco's financial system.
Responsibilities
- Conducting On-Site Inspections: Supervisors will be responsible for participating in on-site inspection missions at institutions governed by banking law. These inspections are critical for ensuring compliance with regulatory standards.
- Document Verification: Supervisors will verify the accuracy of data in documents submitted by financial institutions, ensuring that they meet all legal and regulatory requirements.
- Regulatory Compliance Monitoring: Monitoring the adherence of institutions to the legislative and regulatory provisions governing their activities is a core responsibility of the role.
- Governance and Internal Controls Assessment: Evaluating the quality of governance and the efficiency of internal control systems within institutions to ensure they align with industry best practices.
- Institutional Assessment and Recommendations: Assessing the status of institutions and proposing appropriate recommendations based on findings from inspections and evaluations.
- Inspection Reporting: Supervisors will be tasked with writing detailed reports following on-site inspections, providing insights and recommendations for improvement.
- Development of Supervisory Procedures: Contributing to the development and enhancement of supervisory procedures and methodologies to ensure continuous improvement in the oversight process.
Required Qualifications
- Educational Background: A minimum of a Bac+5 degree, preferably from a business school or engineering institution.
- Professional Experience: At least two years of experience in the financial, banking, or consulting sector is preferred.
Skills and Attributes
- Banking Risk Management Knowledge: Strong knowledge of banking risk management, including credit, liquidity, market, and operational risks.
- Regulatory Standards Proficiency: Proficiency in banking regulatory standards, including Bank Al-Maghrib regulations and Basel Committee standards.
- Audit Techniques Expertise: Familiarity with auditing techniques specific to financial institutions.
- Analytical and Synthesis Skills: Strong analytical and synthesis skills are essential for assessing institutional performance.
- Communication Skills: Excellent written and verbal communication skills are required for effective reporting and interaction with stakeholders.