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Ensure proper assessment of candidates applying for Board Director position at Bhutan National Bank Ltd. Submit necessary supporting documents along with Fit and Proper Declaration Form by 07.04.2022. Incomplete submissions will not be considered. Download the form from www.bnb.bt. Assess suitability for appointment as a non-executive or an independent director, adhering to RMA regulations.
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Fit proper assessment refers to the evaluation of an individual's qualifications, experience, and character to determine their suitability for a position of responsibility in a financial services organization.
Individuals applying for positions such as directors, senior management, and other key function holders in regulated financial services firms are required to file a fit proper assessment.
To fill out a fit proper assessment, individuals must provide personal information, professional qualifications, work history, any regulatory sanctions, and references that attest to their competency and integrity.
The purpose of fit proper assessment is to ensure that individuals in key roles within financial institutions possess the necessary skills, experience, and ethical standards to perform their duties effectively.
Information that must be reported includes personal identification details, educational background, employment history, financial history, criminal records, and details of any previous regulatory investigations or sanctions.
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