Technical and Operational Responsibilities

1. Analyse Retail payments system (RPS) including i.e. ACH, EFT, Cards, Mobile Payments and Pesalink.

2. Carry out assessments of Retail payments systems against BIS core principles and set standards.

3. Preparation of oversight reports RPSs e.g. Monthly reports, Quarterly and Annual reports.

4. Prepare management reports i.e. Stability Report and the FISC Report.

5. Determine data requirements and relevant returns to facilitate oversight of PSPs.

6. Conduct online monitoring of PSPs transactions.

7. Coordinate responses to audit and risk management queries.

8. Undertake on- site oversight examination/off-site surveillance of RPSs.

9. Recommend enforcement action for non-compliance with NPS Act and Regulations.

10. Assess compliance with AML/CFT requirements.

11. Identify infrastructures that meet the criteria for FMIs for purposes of designation.

12. Prepare incident report and recommend action.

13. Receive and review complaints/enquiries on a payment system/product from customers/users.

14. Continuously/periodically monitor implementation of recommendations made to rectify or enhance certain critical functions or areas highlighted during on-site oversight.

15. Identifying weaknesses and action points in the operation of payment systems.

16. Prepare inspection program, develop pre-inspection template and risk assessment matrix template.

Other Responsibilities

1. Performing any other duties as assigned by Manager and the Assistant Director