Deputy Director Deposit Protection (Liquidation) Job JKUATES

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Key Duties and Responsibilities

• Providing leadership in the attainment of the strategic objective efficient and effective liquidation and winding up of troubled banks in line with corporate goals as stated under the relevant Act.
• Overseeing the formulation, implementation and review of strategies for takeover and management of all assets, liabilities of institutions placed under liquidation as the appointed liquidator.
• Overseeing the formulation, implementation and review of policies, strategies, guidelines and procedures for deposit insurance to ensure timely payment of protected deposits.
• Overseeing the formulation, implementation and review of strategies for timely collection of debts and disposal of the assets for benefit of depositors and creditors of banks under liquidation.
• Spearheading the development, implementation and review of strategies and management framework for financial crisis preparedness in the department.
• Guiding in development, implementation and review of policies, guidelines, procedures and frameworks to ensure safety of all assets and ownership documents of financial institutions under liquidation to facilitate timely realization for the benefit of the depositors and creditors.
• Overseeing the development, implementation and review of policies, guidelines, procedures and frameworks to wind up financial institutions under liquidation.
• Overseeing the development, implementation and review of policies, strategies, guidelines and procedures for efficient utilization of the Fund for compensation of depositors and resolution of troubled banks/institutions to minimize the impact of financial loss to the fund.
• Overseeing the development, implementation and review of policies, guidelines and procedures to ensure timely investment of Funds for institutions under liquidation to increase the pay-out to depositors and creditors.
• Overseeing the implementation and review of innovative strategies to leverage technology and business process re-engineering to enhance service delivery to depositors and creditors of financial institutions under liquidation.
• Overseeing the formulation, implementation and review of strategies for preservation and maintenance of core banking and other operating systems for institutions under liquidation for data confidentiality, integrity and availability.
• Providing strategic leadership in development, implementation and review of the department’s strategic objectives.
• Overseeing the formulation, implementation and review of strategies for Alternative Dispute Resolution mechanisms to fast-track liquidation process.
• Spearheading efficient management and utilization of all financial and non-financial resources for Institutions under liquidation.
• Overseeing the establishment and strengthening of effective collaborations and partnerships with financial safety-net players, strategic partners, Government agencies, private sector and any other relevant stakeholders aimed at attainment of the Corporations’ Strategic objective of efficient and effective liquidation.
• Providing leadership in formulation, implementation and review of financial and accounting policies and procedures that meet requirements of the Companies Act and other related government regulations to ensure prudent and optimal utilization of financial resources for financial Institutions under liquidation.

Requirements

For appointment to this grade, an officer must have:

• Cumulative period of fifteen (15) years’ relevant work experience, three (3) of which must have been in the grade of Assistant Director, Deposit Protection or in a comparable position.
• Bachelor’s degree in Commerce, Banking, Finance, Economics, Actuarial Science, Business Management, Business Information Technology, Business Administration or its equivalent qualification from a recognized and accredited institution.
• Master’s degree in Commerce, Banking, Finance, Economics, Actuarial Science, Business Management, Business Information Technology, Business Administration or its equivalent qualification from a recognized and accredited institution.
• Relevant professional certification from a recognized institution.
• Leadership course lasting not less than four (4) weeks from a recognized Institution.
• Membership to a registered professional body where applicable and in good standing.
• A valid Practicing License from a relevant professional body where applicable.
• Proficiency in Computer applications.
• Demonstrated a high degree of professional competence, Managerial and administrative capability as reflected in work performance and results.

How to Apply

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