Reserve Bank of Malawi modernising its operational systems

The Reserve Bank of Malawi (RBM) is working on modernising its operations in order to optimise productivity and efficiency.

The bank advertised in the papers a call for expression of interest where, it intends to engage a consultant to conduct what it termed business process re-engineering (BPR) with the aim of optimising its processes in order to ensure that they are best suited to goals outlined in its strategic plan.

The bank which has been changing its strategic goals over the years, intends to among others, review current processes and ensure that only the required ones are incorporated and appropriately designed and positioned.

The central bank further gave an example of the areas it has made remarkable transformation on such as the monetary policy framework, adoption of a liberalised exchange rate regime which it said need to be reviewed to be in tandem with new strategic processes.

RBM’s public relations officer Mbane Ngwira, whilst attributing the bank’s intention to recommendations from its strategic plan, refused to give more details saying doing that may compromise the intention of the call for expression of interest.

“In addition, the Bank has invested massively in modern technology, undergone several Job Evaluation and Restructuring Exercises, and implemented a revised Performance Management System” read part of the document

According to the Bank, the consultant is expected to come up with corporate and departmental structures bearing well evaluated jobs and positions.

On the issue of job evaluation, Ngwira could not however give details of whether the development may see any job losses or not after completion of the exercise.