Description
Job Summary
Reporting to the Governor, the Executive Director, Financial Stability position exists to drive the operations of the Financial Stability Directorate (FSD) in the realization of financial stability through establishment of regulatory framework and monitoring the operations of sectors such as Banks, Microfinance Institutions (MFIs), Insurance and Pension Institutions, and Payment Services Providers
Key Responsibilities
- Formulate the Directorate’s strategies and annual plans in line with the strategy of BNR
- Ensure proper functioning of FSD through proper planning, coordination and resources management;
- Put in place regulatory framework for the proper supervision of financial institutions;
- Develop and manage relationships with key internal and external stakeholders;
- Review, within the defined timelines, the necessary reports, internal updates, situation reports and budgets;
- Provide professional advice and innovative solutions with regard to banking, non-banking and micro-finance institutional policies and procedures;
- Oversee the implementation of policies and recommendations made by the Board and advise the Management of the Bank on the Directorate’s performance;
- Promote sound corporate governance and ethical standards within the target sectors by establishing and implementing norms, policies and procedures;
- Offer leadership in the management of human resources within the Directorate through effective hiring, training, mentorship and performance management;
- Steer the gathering of appropriate financial market intelligence aimed at informing potential review of policies, initiation of detailed research or change of techniques within Financial Stability Directorate and associated functions;
- Represent the Bank in regional meetings on prudential supervision, regulatory and compliance matters and promote implementation of the same in the Rwandan market; and
- Further develop the department’s human resources by enhancing professional development, compensation and benefits, performance evaluation, training and recruiting
Qualifications, Experience and Skills
The job holder should possess:
- A Master’s degree in Business Administration, Finance, Accounting, Economics or a related field;
- Certification such as ACCA/CPA/ CFA
- At least ten (10) years’ experience in a related role preferably in financial services sector or financial service audit, with at least five (5) years in a senior leadership capacity.
- Exposure to policy design and review for the financial sector
- Demonstrated experience in managing more than one sub-sector within the diverse financial services sector; and
- Experience in leading large teams
Competencies
- Personal drive and effectiveness;
- Ability to deliver through people;
- Ability to generate breakthrough solutions;
- Ability to constantly deliver quality and value;
- Strong customer focus;
- Strong strategic orientation;
- Effective communication skills;
- Strong work process orientation;
- Change management and implementation skills; and
- Ability to utilise capacity and resources in an effective manner
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