Supervisor, Policy Development and Digitalisation – Bank of Botswana

Main Purpose of the Job

To monitor fintech developments and timely recommend or initiate the necessary policy responses that would foster innovation and enable leveraging of opportunities presented by Fintech while safeguarding the safety, stability, integrity and soundness of the financial system.

Duties and Responsibilities

• Contribute to the review, development and enhancement of legislation, regulatory frameworks, policies and guidelines to ensure alignment with evolving central banking mandates, technological advancements and international best practices relating to financial technologies, digital financial services, digital currencies and innovation -driven financial sector developments.
• Contribute to recommends or policy responses to emerging financial technology trends including necessary policy responses to sandboxed innovations.
• Periodically collect, analyse, compile and disseminate data and Intelligience on financial technologies (fintech), digital currencies and emerging digital services developments in Botswana, the region and globally.
• Monitor, analyse and evaluate domestic and international trends, risks and developments in financial technologies, digital currencies, digital financial services and emerging innovations.
• Undertake research and policy analysis on fintechs, digital currencies and related innovations, and draft research papers, policy proposals, discussion papers and recommendations to support evidence-based policy formulation and decision-making.
• Compile policy recommendations and reports based on stakeholder engagements and awareness programmes inclusive of the annual Fintech Festival.
• Draft articles on selected topics relating to financial technologies and innovations for inclusion in the Bank’s internal publications and/ or external publications.
• Collate information on financial technologies and innovations strategies and initiatives for dissemination to local, regional and international; organisations through the relevant structures, as may be requested.
• Participate in stakeholder consolations, workshops, working groups and industry engagements relating to fintech, digitilisation and innovations.
• Provide guidance to fintechs and users from other departments on the application and interpretation of legislations regulations, guidelines, policies and directives pertaining to financial technologies and innovations.
• Participate in training of relevant stakeholders on financial technologies and innovations policies, procedures and requirements.
• Participate in the implementation of departmental, institutional and cross-functional strategic projects and initiatives relating to policy development, digitilisation and innovation.

 Job Requirements

Master’s degree in Fintech, Business Innovation, Business Information Systems, Finance, Banking, Business Administration and Commerce or any other related field. Experience in the financial sector, policy development, financial regulation and supervision, digital financial services, fintech, payments, financial stability, financial markets, research, strategy innovation or a related field will be an added advantage.

OR

A Bachelor’s degree in Fintech, Business Innovation, Business Information Systems, Finance, Banking, Business Administration Fintech, Accounting, Banking and Commerce  or any other related discipline plus at least two (2) years experiencein the financial sector, policy development, financial regulation and supervision, digital financial services, fintech, payments, financial stability, financial markets, research, strategy innovation or a related field.

Technical Competencies

·       Understanding Fintech and digital financial services.

·       Understanding of Regulatory frameworks and licensing processes.

·       Research, policy analysis and report writing

Behavioural Competencies

·       Analytical and problem-solving skills.

·       Interpersonal and communication skills

·       Team orientation and flexibility.