Kyrgyzstan’s Financial Institutions Receive Boost from International Grant and Loan for Risk Management Development
Enhancing the Financial Sector through Regulatory Framework Strengthening
The Kyrgyz Republic has received a substantial injection of funding, comprising a grant and loan, to support the development of its financial sector through the “Development of the Financial Sector” project. A key component of this initiative is the strengthening of the legal, regulatory, and supervisory framework for banks, microfinance organizations (MFOs), and credit unions under the purview of the National Bank of the Kyrgyz Republic.
Improving Banking Supervision through Risk-Oriented Approach
To increase access to new financial products and services for the country’s population, the National Bank is currently implementing a risk-oriented approach to banking supervision. This requires constant improvement of the regulatory framework for banking supervision and regulation, as well as development of quality tools and training for staff members of the supervisory unit.
Training Program for Risk Management Development
To achieve this goal, the trainer will be responsible for providing professional educational trainings and practical exercises on risk management in the banking system. The trainer is expected to cover various topics, including:
- Liquidity risk management
- Derivatives
- IT security and cybersecurity
- Operational risk assessment
- Digitalization in the banking sector
Ideal Candidate Requirements
The ideal candidate should possess:
- A bachelor’s degree in economics, finance or banking
- Solid working knowledge of English, with Russian being an asset
- Experience in conducting trainings and advanced training for employees in the financial and banking sectors
- Practical experience in assessing banking risks and conducting training courses on risk management
Collaboration with International Organizations
The trainer will work closely with international organizations to develop and implement effective risk management strategies for Kyrgyzstan’s financial institutions, marking a significant step towards strengthening the country’s financial sector.