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.
Deadline: 8th January 2021
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