EMPLOYMENT OPPORTUNITIES

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.
Position:
Reports to:

Accountant II (Resolution and Liquidation)

- 1 Post
Manager Operations

Contract type:

Three (3) years contract

Location:

Dar es Salaam

Job Purpose:
To provide professional service on accounting matters relating to liquidation of
failed banks and financial institutions.
DUTIES AND RESPONSIBILITIES:
a) Following up compliance to directives issued by Bank of Tanzania to
banks and financial institutions under prompt corrective action and
preparing periodic reports;
b) Participating in closure activities of a failed bank or financial institutions
and submitting reports;
c) Following up decisions of resolution committee of safety net players, and
submitting reports;
d) Liaising with liquidation lawyer and preparing liquidation plan for the
bank or financial institution for which DIB has been appointed the
liquidator;
e) Taking inventory of assets, liabilities and records of a bank and financial
institution under liquidation;
f)

Liaising with liquidation lawyer and preparing plans and budget for
participation in the closure, inventory taking, tracing and preserving
records, property and assets of closed bank or financial institutions;

g) Liaising with liquidation lawyer and preparing and submit periodic

reports on closure, inventory taking, tracing and preserving records and
assets of the banks and financial institutions;
h) Analyzing debtors and creditors information and providing status report;
i)

Participating in recovery of debts and submitting status report to the

Assistant Manager/Manager;

j)

Attending creditors
recommendations;

and

shareholders

issues

and

submitting

k) Liaising with liquidation lawyer and assist in the management of assets

and liabilities under liquidation and preparing statements of affairs and
receipts and payment statements periodically;
l)

Liaising with liquidation lawyer and participating and preparing minutes

and reports in all meetings relating to the affairs of the closed bank and
financial institution under statutory management;

m) Calculating dividends for payment to unsecured creditors and uninsured

deposits;
n) Liaising with liquidation lawyer and preparing periodic Progress Reports
on liquidation of bank or financial institution under liquidation and
submitting to the Head Receivership and Liquidation;
o) Liaising with liquidation lawyer and preparing statutory semi-annual
returns and filing to BRELA;
p) Participating in closure of liquidation and preparing required reports;
q) Initiating review of the liquidation manual and making recommendations;
r) Performing other duties as assigned.
Education /Professional Qualifications and Experience Required:

Bachelors degree in accountancy or its equivalent;

CPA will be an added advantage;

A minimum of three (3) years of work experience in relevant assignments.

Position:

Financial Analyst II (Banks 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
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;

in

on-site

examination

of

banks

and

Financial

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.

Position:

Human Resources Officer II - 1 Post

Reports to:

Manager, Finance & Administration

Contract type:

Three (3) years contract

Location:

Dar es Salaam

Job Purpose:
To provide professional service on Human Resource and administration matters.
DUTIES AND RESPONSIBILITIES
a) Advising Management on various Human Resources policies including
labour relations;
b) Initiating staff recruitment;
c) Conducting training needs analysis and preparing report;
d) Preparing training plan and coordinating its implementation;
e) Coordinating employee performance appraisal;
f)

Coordinating staff leave and preparing leave roster;

g) Coordinating departmental and directorate staff meetings;

h) Coordinating support and administrative services such as mail, medical
services and transport;
i)

Initiating and following up on hotel reservations for official visitors and

senior official of the Board;

j)

Initiating and following up on bookings of tickets and travel allowances

for traveling officials;

k) Initiating and coordinating provision of catering services during official

meetings;
l)

Receiving and processing requests for moving and removing movable

fixed assets from one location to another;

m) Processing requests for donations to charitable and other institutions;

n) Performing other related duties as assigned.

Education /Professional Qualifications and Experience Required

Bachelors Degree in Human Resource Management from an accredited
institutions or its equivalent;

A minimum of three (3) years work experience in relevant assignments.

Position:

LEGAL OFFICER II - 1 Post

Reports to:

Manager Operations

Contract type:

Three (3) years contract

Location:

Dar es Salaam

Job Purpose:
To provide professional service on legal matters relating to liquidation of failed
banks and financial institutions that will be placed under liquidation.
DUTIES AND RESPONSIBILITIES:
a) Participating in closure activities of a failed bank or financial institutions
and submitting reports;
b) Liaising with liquidation accountant and preparing liquidation plan for
the bank or financial institutions for which DIB has been appointed the
liquidator;
c) Attending creditors, pending litigations and preparing and submitting
periodic cases status report;
d) Liaising with liquidation accountant and assisting in management of
assets and liabilities under liquidation and preparing statements of
affairs and receipts and payment statements periodically;
e) Liaising with liquidation accountant and preparing plans and budget for
participation in the closure, inventory taking, tracing and preserving
records, property and assets of closed bank or financial institutions;
f)

Liaising with liquidation accountant and preparing and submit periodic

reports on closure, inventory taking, tracing and preserving records and
assets of the banks and financial institutions;

g) Participating in recovering of debts and submitting status report to

assistant manager;
h) Participating and preparing minutes and reports in all meetings relating
to the affairs of the closed bank and financial institution under statutory
management;
i)

Liaising with liquidation accountant and preparing periodic progress

reports on liquidation of bank or financial institution under liquidation
and submit to the Head Receivership and Liquidation;

j)

Liaising with liquidation accountant and preparing statutory semi-annual

returns and filing to BRELA;

k) Initiating review of the liquidation manual and making recommendations;

l)

Conducting research regarding adequacy of the laws relating affecting

deposit insurance and liquidation matters and recommending
appropriate changes;

m) Assisting in the preparation and execution of matters relating to Board

and Management meetings;
n) Performing other related duties as assigned.
Education /Professional Qualifications and Experience Required

Bachelors degree in Law or its equivalent;

Must be a registered Advocate;
A minimum of two (2) years of 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) Applicants 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 Directors Office on or before 6.00 pm on 9th
October, 2015.
Only short-listed applicants will be contacted.