Governmental
Assistant Commissioner, Microfinance Regulation
Description
Applicants should be Ugandans holding an Honours Bachelor’s Degree in Finance; or Economics; or Business Administration (Finance or Accounting option); or Accounting; or Banking; or Actuarial Science; or Business Statistics; or Microfinance and Entrepreneurship; or Statistics; or Commerce (Finance or Accounting option) plus a Masters Degree in Finance; or Economics; or Business Administration(Finance or Accounting option); or Accounting; or Banking; or Actuarial Science; or Business Statistics; or Microfinance and Entrepreneurship; or Statistics; or Commerce (Finance or Accounting option) from a recognized University/ Institution. Applicants should have a minimum of nine (9) years of working experience in Microfinance, three (3) of which should have been served at Principal Officer level in Government or equivalent level of experience from a reputable organization.
- Developing, implementing and evaluating policy guidelines and best practices in Supervision and surveillance such as risk-based model for routine supervision to safe guard and protect the right of depositors and their beneficiaries;
- Developing and supervising the implementation of evaluation programs to secure supervision of SACCO, NDTMFIs, Money lenders and self-help groups through surveillance, compliance and inspection in accordance with Tier 4 Act;
- Monitoring Tier 4 financial institutions for compliance with accounting and auditing standards to enhance the transparency and protect the right of depositors and beneficiaries and ensure security of member depositor;
- Coordinating market and conduct supervision of Tier 4 institutions to ensure that consumers are treated fairly;
- Monitoring and evaluating workflow process including; accurate data and information capture, analysis and evaluation in order to ensure effective case management;
- Developing and reviewing systems and processes for application of licenses for Tier 4 Institutions;
- Reviewing incidents of non-compliance with regulatory obligations and recommend administrative and legal sanctions;
- Providing technical support and guidance in the formulation of cross-border, regional and international initiatives aimed at developing the best practices for the Tier 4 Institutions;
- Designing education and training programs designed to sensitize and create awareness in stakeholders on the requirements of the Act, and the benefits of supervision;
- Establishing and maintaining collaborative linkages with Tier 4 stakeholders and relevant Government agencies through technical expertise, humility and respect to ensure continuing support to the Microfinance Regulation Department mission and strategic objectives;
- Supervising and appraising staff;
- Any other duties as may be assigned from time to time.
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