Current Vacancies – Bank of Papua New Guinea

The Bank of Papua New Guinea is a contemporary central bank and regulator, committed to best practices in monetary policy, financial sector supervision, and payments system efficiency. We are an Equal Opportunity Employer and invite expressions of interest from suitably qualified individuals for these following vacancy roles:

SENIOR ANALYST – ASSESSMENT AND COMPLIANCE UNIT – PAYMENT SYSTEM

Department: OVERSIGHT AND COMPLIANCE DEPARTMENT.

Reports To: Manager – Assessment and Compliance Unit, Payment System Oversight and Compliance Department.

The incumbent will report directly to the Manager, Assessment and Compliance Unit, Payment System Oversight and Compliance Department and will be responsible for effectively achieving key performance objectives of the unit by:

• Performing assessments to ensure systematically important payment systems (SIPS) conform to globally recognized standards called the Principles for Financial Market Infrastructures (PFMI).
• Monitoring both domestic and cross-border payments to ensure compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws and regulations, and the Financial Action Task Force (FTAF) recommendations.
• Monitoring SIPS to ensure adherence to internationally recognized standards other laws and regulations such as Basel II, PFMI etc...
• Performing periodic assessments of SIPS and report any incident of breach or non-compliance. Provide practical and cost effective recommendations for remediation.
• Issuing a supervisory expectation to the licensed or authorized Payment Service Providers (PSPs) for a breach or non-compliance to applicable laws and regulations governing payment systems.
• Performing on-site assessments of the licensed and/or authorized PSP to determine operational soundness. In addition, to ensure compliance to the applicable laws and regulations, including standards, directives and guidelines issued by the BPNG
• Performing thematic reviews of licensed and/or authorized PSPs to ensure compliance with applicable directives, guidelines and regulations issued by the BPNG.
• Performing independent reviews and analysis to establish “root cause” of payment system incidents and report key findings, risks and recommendations for remediation purposes.
• Preparing a comprehensive assessment report highlighting the key findings, risks and recommendations, for the relevant stakeholders, including the participants and users of the payment systems, for remediation purposes.
• Assisting in developing robust regulatory and oversight guidelines, including templates for conducting various assessment and compliance activities in line with the overall Oversight Policy Framework.
• Fostering and maintaining strong collaboration with relevant internal department and external stakeholders through a continuous dialogue by maintaining robust communication across the Financial Regulation and Supervision Group
• Working closely, as a team, with the Management and staff of the Department to collaborate and coordinate oversight activities and strategic initiatives.

Education/Qualification/Experience/Skills/Competencies:

• A bachelor’s degree in accounting/finance, business management, banking & finance, law, or a related field is generally required.
• Minimum of 5-7 years of industry experience in the financial sector supervision, risk & compliance, internal audit, strategic and governance risk management roles or a related field.
• Strong analytical and critical thinking skills are essential for identifying potential compliance gaps and provide value added solutions for improvement.
• Having sound knowledge of systemic risks within FMI and capable of developing effective mitigation strategies is desirable.
• Demonstrates sound knowledge of the core functions of the Central Bank related to the payment system, including oversight, regulation, and facilitation of secure and efficient payment systems, and ensuring financial system stability.
• Be self-motivated with excellent organizational skills and in-depth analytical skills.
• Ability to proactively manage time and prioritize multiple tasks and assignments to meet target date for deliverables.
• Strong interpersonal skills to lead teams in client engagement, including effective communication, positive attitude, collaboration, leadership, and solution-oriented approach.
• Sound knowledge of the National Payment System Act, AML/CTF Act, and supporting regulations such as Payments Oversight, Electronic Funds Transfers, Agency and Payment Instruments.
• Sound knowledge of international standards and related guidelines for payment systems oversight such as; PFMI), Basel, IOSCO and CPMI, ISO 31000 Risk Management, ISO 22301 Business Continuity, Customer Security Programme (SWIFT).

How to Apply

Interested applicants can download the relevant Position Descriptions from our website: https://www.bankpng.gov.pg/job-opportunities

Applications must be addressed to:
The Manager
Human Resource Department
Bank of Papua New Guinea
P.O Box 121, Port Moresby, National Capital District

All applications must be submitted via email to: [email protected]

Application Deadline: Thursday, 28^th August, 2025.
Only shortlisted applicants will be contacted for interviews.

Authorized by:
Ms. Elizabeth Genia
Governor