The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. Bank of Uganda is responsible for the formulation and implementation of monetary policy as well as regulating & supervising financial institutions.
Bank of Uganda’s mission is to promote price stability and a sound financial system in support of socio-economic transformation in Uganda. The bank is looking to identify a results-driven, visionary, strategic thinking and highly qualified leader with excellent credentials, proven experience, demonstrated capacity, and know-how to fill the following position.
Reporting to the Deputy Governor, this role shall be responsible for providing comprehensive legal advisory services to the Bank of Uganda (BoU), ensuring that BoU complies with the applicable legal and regulatory framework, protecting its interests and contributing to the development of monetary and financial sector policies, while overseeing the output of BoU’s legal directorate and the supervised financial institutions (SFI) Resolution Unit.
Key Responsibilities
- Drive the preparation, implementation and review of the Legal Services Directorate (LSD) strategic plan, to ensure alignment to BoU’s Strategic Plan.
- Review the annual work-plans and budgets of the department and division to ensure alignment with the LSD’s strategic plan.
- Monitor the implementation of LSD strategic plan, annual work-plans, expenditure from the approved budgets of the department(s) and coordinate activities of the LSD.
- Provide legal advice to the Board, Governors and Senior Management on legal aspects of all Central Banking operations, monetary policy, financial stability and payment systems.
- Drive the preparation and implementation of supervised financial institutions’ (SFIs) resolution strategies.
- Develop proposals for appropriate legal frameworks and review existing legislation/policies that govern execution of the BoU mandate.
- Oversee the drafting and review of contracts, agreements and other legal documents.
- Coordinate activities of the LSD with those of other administrative units and offices of the BoU and external stakeholders.
- Develop the legal risk management plan and policy and drive its implementation.
- Coordinate legal issues handled by external legal service providers.
- Coordinate digitization of Legal Services department’s processes.
- Manage the Legal human resources through participation in recruitment, conducting performance appraisals, capacity building and deployment.
- Any other duties that may be assigned by the Deputy Governor or Governor.
Requirements
Personal Specifications
- Qualifications
- First class or second class (upper division) bachelor’s degree in law- (LL.B. Hons).
- A master’s degree in law (LL.M.) specialising in commercial law or banking and financial institutions regulation from a recognized university is required.
- A post graduate diploma in legal practice
- A certificate of enrolment as advocate of the High Court of Uganda
- A valid Practicing Certificate
2. Experience
- Fifteen (15) years post enrolment experience in financial sector regulation, at least eight (8) of which should be in a senior management position.
3. Competencies
(i)Technical Competencies
- In-depth knowledge, skills and understanding of banking and financial regulation.
- Ability to conduct extensive and comprehensive legal research to support decision making.
- Ability to draft various types of legal documents and legal briefs.
- Experience in case management, litigation and court practice and processes.
- Ability to devise legal solutions in complex situations.
- Ability to manage and coordinate the interests and obligations of various stakeholders.
- Ability to plan and budget.
(ii) Behavioural Competencies
- Analytical thinking and problem solving
- Integrity, transparency and accountability
- Excellence
- Teamwork
- Innovativeness
- Good Interpersonal skills
- Planning and organizing skills
- Self-drive
