According to the results of the open competition for the position of Director of Onsite Bank Inspection Department of the National Bank of Ukraine Denys Novykov was appointed on 9 February 2018.
A total of 69 applicants took part in the competition. At the final stage, the NBU Board held interviews with four applicants, whereof DenysNovykov was selected. He was the best at complying with requirements and goals of the opening.
“Denys Novykov can boast professional accomplishments that are a ten-year seniority in the NBU banking supervision that successfully contributed to his practice in reorganizing the structure of banking supervision units and introducing a new groundbreaking banking supervision system. Moreover, Denys Novykov took active part in projects for implementing an early response system, comprehensive assessment of bank risks, common procedures and methodologies for the supervisory review and evaluation process, uniform bank operating report,” commented Deputy Governor Kateryna Rozhkova on the appointment, “The key duties of the new Director are to improve performance of Onsite Bank Inspection Department, introduce the department to the new prudential supervision system, enhance effectiveness of vertical and horizontal cooperation with other NBU units.”
Denys Novykov has worked on the banking market for over 22 years, whereof 10 years for the NBU on managerial positions in the banking inspection system. Prior to his appointment to the new position has was Deputy Director of Banking Supervision Department, Head of Office since March 2015.
During the time of his employment at the NBU Denys Novykov actively cooperated with missions of the International Monetary Fund and the World Bank and ensured compliance with respective memorandums. Furthermore, he was in charge of preparation and performance of diagnostic studies of major banks, and then he was assigned to cooperate with banks in drafting and follow-up monitoring of financial rehabilitation plans and recapitalization plans based on diagnostic study findings.
In 1995, Denys Novykov graduated from Kyiv National Economic University n.a. Vadym Hetman with a degree in Engineering Economics.