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Behavioral interviewing is a method of evaluating job candidates based on their past behavior and performance in specific situations. It involves asking candidates targeted questions about their previous experiences and the specific actions they took in order to assess their skills, knowledge, and suitability for the role.Behavioral interviewing is based on the belief that a person's past behavior is the best predictor of their future behavior. Therefore, by asking candidates about their past experiences and the actions they took in specific situations, it is possible to get a sense of how they are likely to behave in similar situations in the future.Behavioral questions typically begin with phrases such as "Tell me about a time when..." or "Describe a situation in which..." and require the candidate to provide a specific example of their past behavior. This can help to provide a more detailed and accurate assessment of the candidate's skills and abilities than more general questions about their qualifications and experience.Behavioral interviewing can be an effective tool for targeted selection because it allows the interviewer to focus on the specific skills and experiences that are relevant to the role. It can also help to identify candidates who are a good fit for the company's culture and values.

by Youness El Kandoussi | 1 year ago | 0 Comment(s) | 188 Share(s) | Tags :


Operational Risk Governance:Sound Practices for the Management and Supervision of Operational Risk BIS June 2011 The Board of Directors Principle 3: The board of directors should establish, approve and periodically review the Framework. The board of directors should oversee senior management to ensure that the policies, processes and systems are implemented effectively at all decision levels. Principle 4: The board of directors should approve and review a risk appetite and tolerance statement for operational risk that articulates the nature, types, and levels of operational risk that the bank is willing to assume. Senior Management Principle 5: Senior management should develop for approval by the board of directors a clear, effective and robust governance structure with well defined, transparent and consistent lines of responsibility. Senior management is responsible for consistently implementing and maintaining throughout the organisation policies, processes and systems for managing operational risk in all of the bank’s material products, services and activities, consistent with the risk appetite and tolerance. Risk Management Environment Identification and Assessment Principle 6: Senior management should ensure the identification and assessment of the operational risk inherent in all material products, activities, processes and systems to ensure the inherent risks and incentives are well understood. Principle 7: Senior management should ensure that there is an approval process for all new products, activities, processes and systems that fully assesses operational risk. Monitoring and Reporting Principle 8: Senior management should implement a process to regularly monitor operational risk profiles and material exposures to losses. Appropriate reporting mechanisms should be in place at the board, senior management, and business line levels that support proactive management of operational risk. Control and Mitigation Principle 9: Banks should have a strong control environment that utilises: policies, processes and systems; appropriate internal controls; and appropriate risk mitigation and/or transfer strategies. Business Resiliency and Continuity Principle 10: Banks should have business resiliency and continuity plans in place to ensure an ability to operate on an ongoing basis and limit losses in the event of severe business disruption. Role of Disclosure Principle 11: A bank’s public disclosures should allow market participants to assess its approach to operational risk management.

by Youness El Kandoussi | 1 year ago | 0 Comment(s) | 184 Share(s) | Tags :


Introduction:Governance, Risk, and Compliance (GRC) is a crucial aspect of the banking industry. In Morocco, the State Bank of Morocco was established in 1907 to stabilize the Moroccan currency and promote trade and development in the Sultanate. Following the independence of Morocco, it was replaced in 1959 by the newly created Bank Al-Maghrib, which is the central bank of Morocco. Bank Al-Maghrib's role includes banknotes and coins production, monetary policy tools, management of foreign exchange reserves, banks supervision, and ensuring the security of payment systems and means[3]. In this article, we will discuss the state of GRC in Moroccan banks and where Bank Al-Maghrib stands. We will also explore how RiskNucleus GRC Solution can help banks thrive in its management. The State of GRC in Moroccan Banks:Moroccan banks are subject to regulatory guidelines and industry standards set by Moroccan regulatory authorities such as the Moroccan Capital Market Authority (AMMC) and the Moroccan Financial Market Authority (CDVM) [2]. Additionally, Moroccan banks must adhere to international standards set by the Basel Committee on Banking Supervision, which sets global banking standards, including Basel III[1]. The International Monetary Fund (IMF) often publishes reports on the economic and financial conditions of various countries, including Morocco. These reports can offer a broader perspective on the state of Moroccan banks and their compliance with international standards[1]. Where Bank Al-Maghrib Stands:Bank Al-Maghrib plays a crucial role in ensuring GRC in Moroccan banks. As the central bank of Morocco, it is responsible for banks supervision and ensuring the security of payment systems and means[3]. Bank Al-Maghrib's role in GRC is essential in our daily lives, and it is the "bank of banks," where all commercial banks have accounts, which they are obliged to credit[3]. Bank Al-Maghrib's network is composed of two branches, Rabat and Casablanca, and 20 agencies throughout Morocco[3]. How RiskNucleus GRC Solution Can Help Banks Thrive in Its Management:RiskNucleus GRC Solution is a GRC management tool that can help Moroccan banks thrive in its management. The tool provides transparency, efficiency, and accountability, which are the three benefits of implementing a GRC management tool[4]. RiskNucleus GRC Solution can easily integrate with an existing technology stack while remaining user-friendly. The tool eliminates the worry of managing regulatory requirements and provides actionable insights to improve the GRC approach, aligning key risk initiatives such as cybersecurity processes[4]. By using RiskNucleus GRC Solution, Moroccan banks can streamline their GRC processes, reduce costs, and improve their overall compliance posture. Conclusion:In conclusion, GRC is a crucial aspect of the banking industry in Morocco. Moroccan banks must adhere to regulatory guidelines and industry standards set by Moroccan regulatory authorities and international standards set by the Basel Committee on Banking Supervision. Bank Al-Maghrib plays a crucial role in ensuring GRC in Moroccan banks. RiskNucleus GRC Solution is a GRC management tool that can help Moroccan banks thrive in its management. By using RiskNucleus GRC Solution, Moroccan banks can streamline their GRC processes, reduce costs, and improve their overall compliance posture. Citations:[1] https://ppl-ai-file-upload.s3.amazonaws.com/web/direct-files/707422/529cfcc7-1135-4551-b574-903cf011c27b/Brochure Bundled offers M3T Consulting & FLC.pptx[2] https://en.wikipedia.org/wiki/State_Bank_of_Morocco[3] https://www.bkam.ma/pedagogic/What-bank-al-maghrib-does/What-is-the-role-of-bank-al-maghrib[4] https://www.onetrust.com/blog/what-are-the-benefits-of-a-grc-management-tool/[5] https://www.bkam.ma[6] https://en.wikipedia.org/wiki/Bank_Al-Maghrib[7] https://www.bkam.ma/museum/Corporate-area/The-missions-of-the-central-bank[8] https://www.linkedin.com/advice/3/what-key-features-benefits-using-grc-tool-enterprise-risk-assessment[9] https://www.bkam.ma/en[10] https://www.privacyshield.gov/ps/article?id=Morocco-U-S-Banks-and-Local-Correspondent-Banks[11] https://www.bkam.ma/pedagogic/Kid-s-corner/What-is-the-role-of-bank-al-maghrib[12] https://hyperproof.io/resource/grc-platforms-5-features-you-need/[13] https://www.bkam.ma/en/content/view/full/4550[14] https://www.fitchratings.com/research/banks/moroccan-banks-resilience-in-uncertain-operating-environment-19-07-2022[15] https://www.britannica.com/topic/Bank-Al-Maghrib[16] https://uk.indeed.com/career-advice/career-development/what-is-grc-software[17] https://www.bkam.ma/en/Systems-and-means-of-payment/Financial-markets-infrastructure-and-monitoring/Overview[18] https://www.fitchratings.com/research/banks/major-moroccan-banks-peer-review-19-07-2022[19] https://www.ngfs.net/sites/default/files/medias/documents/ngfs_in-conversation-with-bam-hiba-zahoui.pdf[20] https://pathlock.com/governance-risk-and-compliance-grc-a-complete-guide/[21] https://www.bkam.ma/en/Monetary-policy/Strategic-framework/Presentation[22] https://www.trade.gov/country-commercial-guides/morocco-trade-financing[23] https://www.resolver.com/blog/agile-grc-solutions/[24] https://www.thebanker.com/Morocco-s-banking-sector-holds-steady-1624542662[25] https://www.logicgate.com/blog/grc-allows-you-to-play-offense-the-benefits-of-an-effective-grc-program/

by Youness El Kandoussi | 6 months ago | 0 Comment(s) | 141 Share(s) | Tags :