Description
Between February 2013 and April 2014, the Belgian Bankers Academy supported the Seychelles Development Bank (DBS) in implementing its new mandate: to become an efficient, modern, transparent, and responsible institution. The mission, carried out in close collaboration with DBS's senior management and board of directors, was organized into four areas:
Credit risk management
Structuring and formalizing existing credit risk practices: defining clear procedures and approval levels.
Development of a credit rating methodology tailored to DBS and a risk pricing framework adapted to the profile of local borrowers.
Asset-liability management (ALM)
Establishment and facilitation of an ALCO (Asset & Liability Committee): definition of its mandate, decision-making role and meeting cycles.
Design and deployment of a stress testing model compliant with the requirements of the Central Bank of Seychelles, incorporating interest rate and liquidity scenarios.
Governance and internal controls
Development of a modern governance framework: drafting of terms of reference for the Board and specialized committees, review of existing policies.
Strengthening internal controls: documenting procedures; implementing mechanisms to prevent fraud, collusion, and corruption (AML, KYC, AIF).
Training and coaching directors and management on best practices in supervision, including critical questioning, decision validation, and regulatory reporting.
Strategic business plan & market proposal
Translation of the new mandate into a medium-term business plan: definition of an organizational structure and financial and operational objectives for 2014–2018.
Construction of detailed financial projections and development of a clear market proposal, positioning DBS as a catalyst for economic development in the Seychelles.
Role of BBA
- Overall management: coordinating the mission, leading workshops with DBS management and the Board.
- Risk management: formalizing credit risk rating and pricing procedures, defining scoring grids.
- ALM & stress testing: setting up the ALCO committee, designing the stress testing model, and training members on the tools.
- Governance: drafting of the Board's terms of reference, structuring of committees, documentation and strengthening of internal controls.
- Training & coaching: leading sessions dedicated to supervision, LBC/KYC/FIA, and individual coaching for directors.
- Business Planning: development of the strategic plan, financial modeling, and definition of the market proposition.
- Key deliverables: scoping reports, procedures manual, ALM models, validated business plan, and training materials.