(a) A clear understanding of the roles and responsibilities associated with the position;

(b) A good understanding of financial services activity relevant to the licensee and the wider industry and its regulatory environment;

(c) The relevant experience and qualifications to fulfill his responsibilities;

(d) Strong understanding of financial analysis, budgeting, forecasting, and financial reporting;

(e) Ability to manage financial operations and drive business growth;

(f) A good knowledge and understanding of international accounting standards and how they are applied in a business context, including IFRS, and where appropriate AAOIFI;

(g) Good knowledge of valuation practices for different classes of assets; and

(h) Good knowledge of impairment provisions and the underlying measurement process.