Financial Analyst II – 1 Post

Deposit Insurance Board (DIB) is a public institution established under Section 37(1) of the Banking and Financial Institutions Act (BFIA) 2006 to formulate policy, manage and control Deposit Insurance Fund. In a bid to deliver its mandate, the Board is hereby looking for suitably qualified young Tanzanian citizens to fill vacant positions at its offices located in the Bank of Tanzania Headquarters, Dar es Salaam.

Job Vacancy: Financial Analyst II (Bank’s Performance Monitoring) – 1 Post
Reports to: Assistant Manager, Operations
Contract type: Three (3) years contract
Location: Dar es Salaam

Job Purpose:
To provide professional service on monitoring the performance of banks and financial institutions.

DUTIES AND RESPONSIBILITIES:
a) Conducting off- site surveillance of banks and Financial Institutions;

b) Analyzing and Monitoring performance of distressed banks or financial institutions;

c) Participating in on-site examination of banks and Financial Institutions;

d) Initiating/proposing policies, systems and procedures for on-site examination and off-site surveillance of banks and Financial Institutions relevant to DIB operations;

e) Preparing quarterly bank performance reports;

f) Analyzing deposits and preparing on quarterly basis reports on structure of deposits of banks and financial institutions to determine likely risk attached to the fund;

g) Preparing quarterly reports including, bank performance reports as well as the report on the structure of deposits of banks and financial institutions to determine likely risk attached to the fund;

h) Periodically initiating assessment and recommending to DIB Management the premium amount to be levied to banks and financial institutions;

i) Periodically reviewing and proposing to the Management changes on the existing premium assessment formula;

j) Reviewing and proposing to the Management on the maximum insurance coverage;

k) Initiating liquidity contingency plan and stress testing on threats in relation to possible bank failures;

l) Recommending the target size of the Fund;

m) Preparing Payout plan which shall include list of insured depositors with their corresponding amount and total amount involved, proposed paying Centre and payment modalities, manpower to be involved, important documents for identification of the depositor specimen claim forms and the proposed duration for payout exercise;

n) Ensuring that the payout plan is properly communicated to the safety net players and the general public;

o) Ensuring that the list of depositors qualifying for reimbursement is authentic;

p) Performing other related duties as assigned.

Education /Professional Qualifications and Experience Required
· Bachelors’ degree in Accounting/Finance/Economics or its equivalent;
· A minimum of three (3) years work experience in relevant assignments.


How to Apply:
Interested applicants must submit the following for consideration of the applications:
a) Application letter indicating the name of the post applied;
b) A curriculum vitae (CV);
c) Certified copies of academic certificates, birth certificate and other relevant certificates;
d) Two recent passport size photographs;
e) Names and addresses of two reputable referees;
f) Applicant’s reliable contact address, email address and telephone numbers;
g) Applicants with academic certificates from foreign universities must submit proof of accreditation of issuing institutions;

Application should be addressed to:
Director Deposit Insurance Board,
Bank of Tanzania;
P. O. Box 2939,
7th Floor, North Tower,
DAR ES SALAAM.

Closing Date:
Applications should reach the Director’s Office on or before 6.00 pm on 9th October, 2015.

Only short-listed applicants will be contacted