Financial institutions often serve many different customers in many different sectors, including customers in sectors with higher inherent integrity risks. The sector in which a customer operates is one of the factors that a financial institution...Read more
Second-tier senior officers: suitability requirements
Banks and insurers themselves decide whether the managers among their second-tier senior officers are suited to their positions. Suitability implies that these managers display sufficient knowledge, skills and professional behaviour to properly perform their duties. Institutions are expected to draft a suitability assessment for all managers they screen.
Second-tier senior officers are assessed on the basis of their job profiles, and it should take no more than one sheet of paper to describe why they are suitable for their position. The assessment should demonstrate that they have the knowledge, experience and competences described in the profile, as well as that they fit in with the institution’s situation. The suitability assessment does not need to be sent to DNB.
Screening by DNB
We may check the process set-up at the institution as well as perform sample tests to check the quality of its assessment. In some cases we may decide to perform our own suitability screening.
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