Head Finance and Business Operations Employment Opportunity – Deposit Protection Fund of Uganda (DPF)

 

Job Title:    Head Finance and Business
Operations

Organisation: Deposit
Protection Fund of Uganda (DPF)

Duty Station:  Kampala,
Uganda

Reports to:
Chief Executive Officer

 

About US:

The Deposit Protection
Fund of Uganda (DPF), which is also referred to as the Fund, was established as
a separate legal entity following the enactment of the Financial Institutions
(Amended) Act, 2016. Prior to this, DPF was managed by Bank of Uganda.

 

Job Summary:  The Head Finance and Business Operations will
primarily identify and assess compliance issues, implement effective controls,
monitor day-to-day regulatory quality at the transaction level. Has
responsibility for the Fund’s accounting and financial planning and reporting.

 

Key Duties and Responsibilities:  

Key
Responsibilities:

·       
Efficient
management of depositor payouts, depositor claims and resolution in case of
Bank failure;

·       
Performance
reports and records of contributing Institutions;

·       
Oversee
financial operations of the Fund;

·       
Custody
and proper management financial records of all Fund investments;

·       
Establish
financial accounting, reporting and budget management systems;

·       
Conduct
analysis of financial risks and benefits on business initiatives and strategy;

·       
Coordinate
creditors’ meetings in case of liquidation;

·       
Coordinate
general meetings of members during liquidation;

·       
Ensure
compliance with legislative requirements relating to financial matters;

Duties:

·       
Oversees
efficient depositor payout of protected deposits, Manages depositor claims
& resolution in case of Bank failure;

·       
Reviews
the depositor payout manual to ensure it is up to date and operational;

·       
Ensures
proper depositor records are kept in all contributing institutions to
facilitate depositor payout process if a need arises;

·       
Oversees
the implementation of Depositor Unique Identifiers (Single Customer view);

·       
Proposes
decisions on the conduct of procedure and mode of payment of insured deposits
in case of a bank’s bankruptcy or liquidation;

·       
Oversees
site examinations of Contributing Institutions with the purpose of monitoring,
analyzing, and strengthening the financial condition;

·       
Analyzes
Onsite and offsite reports on the performance of Contributing Institutions from
Bank of Uganda and advise Chief Executive Officer;

·       
Oversees
the conduct of simulations for depositor payout;

·       
Cooperates
with international organizations and institutions in connection with deposit
insurance, and gets familiar with the deposit insurance systems in other
countries;

·       
Determines
the methodology for measurement and calculation of the potential risk of the
Deposit Insurance Fund at a bank and the entire banking sector level;

·       
Determines
the standards for banks’ reporting on deposits and placements;

·       
Furnishes
reports to the Bank of Uganda concerning the settlement of banks’ obligations
for payment of deposit insurance premium, for each bank individually;

·       
Ensures
accurate payments are received and penalties are issued to defaulting
institutions;

·       
Establishes
and periodically tests the collective software solution to support depositor
payout;

·       
Notifies
depositors and other stakeholders about the deposit insurance, determines
visual appearance and format of the information material, prints and
distributes brochures, posters and leaflets to banks, etc.;

·       
Participates
in meetings with Bank of Uganda and other regulatory authorities regarding the
problem and troubled Contributing Institutions including informational
meetings, financial assistance, and make recommendations to the CEO;

·       
Ensures
the Cash Book and General Ledger are always up-to-date;

·       
Ensures
that monthly reconciliations are undertaken in respect of all the Fund’s
accounts and balance sheet control Accounts;

·       
Ensures
custody and proper financial records of all Investments;

·       
Oversees
preparation of Fund financial Statements and ensures timely financial
reporting;

·       
Ensures
fixed asset register is properly maintained;

·       
Coordinates
external and Internal Audit activities;

·       
Ensures
successful implementation of IFRS9 and compliance to all International
Accounting Standards (IAS) and International Financial Reporting Standards;

·       
Establishes
and periodically tests financial accounting and reporting as well as Budget
management systems

·       
Leads on
financial fraud prevention and detection and to annually report on such
matters;

·       
Implements
recommendations on the operation of the financial control systems and other
matters by Internal and External Auditors;

·       
Oversees
preparation of DPF Annual Work Plans and Budget and ensure that they are
monitored;

·       
Participates
in activities of liquidation and recoveries procedures of banks and
contributing institutions in accordance with legal regulations;

·       
Works
with Information Technology department to develop, implement and improve
systems for payroll management and depositor payouts.

 

Expected outputs:

·       
Efficient
and effective Depositor payouts and claims;

·       
Efficient
and effective liquidation and recoveries processes;

·       
Depositor
Unique Identifiers (Single Customer view);

·       
Presentations
to the Executive Management and/or the Board of Directors;

·       
Accurate
and timely financial statements, records and annual reports;

·       
Implementation
of IFSR9 and IAS at the Fund.

 




Qualifications, Skills and Experience:

·       
The
applicant must hold a First Class or Upper Second Class degree in business
administration, finance, accounting or other relevant field is essential;

·       
Master’s
degree in finance, accounting or other relevant field is essential;

·       
Professional
qualification in CPA with active license is essential;

·       
8+ years
of experience in banking and finance is desirable;

·       
Demonstrated
experience with financial reporting and accounting principles, financial sector
regulation and compliance requirements is desirable.

 

Competencies:

Technical
Competencies

·       
Budgeting,
forecasting, statistics skills;

·       
Financial
reporting, analysis and proficiency using financial systems;

·       
Payables/receivables,
payroll management, taxation, fiscal and external funds accounting;

·       
Strategy
and risk management;

·       
Crisis
and project management.

Behavioural
Competencies

·       
Accountability
and Dependability: Takes personal responsibility for the quality and timeliness
of work and achieves results with little oversight;

·       
Transparency
and Integrity: Earns others’ trust and respect through consistent honesty and
professionalism in all interactions;

·       
Team
spirit and collaboration: Promotes cooperation and commitment within the team
to achieve the Fund’s organizational goals and deliverables; Builds
constructive working relationships characterized by a high level of acceptance,
cooperation, and mutual respect

·       
Adaptability
and Flexibility: Adapts to changing needs, conditions, and work responsibilities;

·       
Self-Management
and thoroughness: effectively manage own time, priorities, and resources to
achieve goals; Ensures that work is complete and accurate and independently
follows up with others to ensure that agreements and commitments have been fulfilled;

·       
Communication:
Shares and receives information using clear oral, written and interpersonal
communication skills;

·       
Stress
Tolerance/tact: Maintains composure in highly stressful or adverse situations,
diplomatically handles challenging or tense interpersonal situations;

·       
Employee
Engagement and enthusiasm: Demonstrates commitment to the job, colleagues, the
Fund and its mission by acting in ways that further the accomplishment of its
goals;

·       
People
Management: Leads and engages people to maximize organizational and individual
performance through alignment with the Fund’s mission and attainment of
strategic and operational goals.

·       
Coaching
and Mentoring: Enables co-workers to grow and succeed through feedback,
instruction, and encouragement. Influences others to be excited and committed
to furthering the Fund’s objectives; ability to gain other’s support for ideas,
proposals, and solutions.

 

How to Apply:

All qualified
candidates should apply online at the link below.

 

Click
Here

 

Deadline: 8th January 2021

 

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