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Caribbean Association of Banks welcomes new director

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The Caribbean Association of Banks (CAB) Inc. has announced the latest addition to its Board of Directors, Michael Walcott.

Walcott is a risk management and business process development professional with significant industry expertise in Compliance, Corporate Operation Process Improvement, Operational Risk, and Auditing. He presently holds the portfolio of General Manager, Overseas Operations, with Republic Financial Holdings Ltd. (RFHL).

In his most recent capacity, Walcott served as the Project Lead on the Cayman Integration Project, with responsibility for ensuring a seamless transition and implementation of governance policies and procedures during the Group’s acquisition of the Cayman National Corporation (CNC) in 2019.

A member of Republic Bank’s managerial team for more than a decade, Walcott has served as Acting General Manager, Group Enterprise Risk; Senior Manager, Corporate Operations Process Improvement/ Operational Risk; and Manager, Corporate Activities, Internal Audit. Prior to which, he has also served as Compliance Manager (with regional oversight), Internal Auditor, and Business Risk Analyst in various organisations throughout Trinidad and Tobago.

Walcott holds a BA in Accounting from Morehouse University, Atlanta, Georgia, is certified in Professional Anti-Money Laundering under the Florida International Bankers Association (FIBA), and was awarded a certificate in Compliance from Citigroup. He has completed several courses in credit risk; anti-money laundering; fraud prevention and detection; occupational health and safety; business writing; and financial statement analysis.

The addition of Walcott comes several weeks after the sudden passing of Director Sean Husain on Monday, March 23.

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Husain had been with Republic Bank for 26 years, having served in managerial positions in Barbados and Guyana, before taking the reins at Republic Bank (Suriname) N.V. A national of Guyana, Sean was also a member of the Board of the Surinaamse Bankiersvereniging – the Suriname Bankers Association, SBV.

CAB Chairperson, Mr. Dalton Lee, welcomed Walcott to the Board. He said:

“It is a tremendous pleasure to be able to receive Michael, whom I am certain will play a significant role in advancing our organisational goals and objectives. We are delighted at his willingness to take up the challenge of working with us to serve our members across the region and beyond. Sean’s presence will, of course, be greatly missed, and we will continue to cherish his memory and hold him dear to our hearts.”

CAB is a community of banks and other financial institutions in the Caribbean Region, which proactively influences issues impacting the financial services sector through advocacy, education and networking. The CAB represents over 50 banks and financial institutions in the Caribbean, 20 service members comprising regional and international technological and professional institutions, and three honorary members.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]