Regulatory Alerts2019-11-25
Added · Updated
Central Bank of Jordan Circular on Professional Qualifications and Internal Audit Assessment
The Central Bank of Jordan requires banks operating in the Kingdom to submit a list of professional certifications held by their employees and the corresponding departments within one month of the circular's date. Additionally, banks must provide the assessment level of their internal audit activity by the Institute of Internal Auditors, if available. This directive applies to all banks operating in Jordan and mandates the disclosure of specific workforce qualification data and audit standards.
In the name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 10/16268 Date: 28/3/1441 AH Corresponding to: 25/11/2019 AD
Circular to Banks Operating in the Kingdom
Greetings,
In light of the Central Bank's commitment to the necessity of equipping bank employees with specialized scientific and technical skills in various administrative and financial fields to enable them to perform their required duties efficiently and effectively, please provide the Central Bank within one month from the date of this circular with the following:
- A list of professional certifications obtained by your employees and the departments in which they work, to identify their level of professional qualification.
- The assessment level of the internal audit activity at your banks by the Institute of Internal Auditors (IIA) - if available.
Please accept our highest respect.
Central Bank of Jordan [Signature]