ANNOUNCEMENT: Career Opportunity – Deputy Managing Director

CAREER OPPORTUNITY

The National Bank of Dominica (NBD) Ltd. is hiring a Deputy Managing Director with exceptional leadership skills who can effectively and efficiently manage the Finance & Treasury Department, Operations & Information Technology Department, Facilities and Valuations Unit, and Recoveries Unit of the NBD.

The Deputy Managing Director provides strong support to the Managing Director and the Board of Directors in the strategic management of the Bank and is the effective lead and management of the Bank’s investment functions and approved Special Projects for the Group. The Deputy Managing Director ensures the provision of sound financial and investment advice, effective formulation of policies, accurate and comprehensive investment reporting.  The Deputy Managing Director oversees the Finance & Treasury functions, Operations & Information Technology Functions, Valuations and Facilities Unit and Recoveries Unit.

Key Tasks and Accountabilities:

1. Works closely with the Board of Directors, Executive Management, and staff to plan and execute the Bank’s strategic and business plans and budgets to achieve the vision, mission, goals, objectives, and performance targets of the Bank.
2. Report to the Managing Director, Board of Directors, and its committees on economic, trade, financial, accounting and any other conditions or factors which may influence the judgment of the Executive Management and Board of Directors in the formulation or modification of strategy and policy.
3. Keep abreast of trends and developments within assigned functional area(s) and recommend changes to strategy and practices where applicable.
4. Identify and analyse global, regional and industry trends, issues, competitive threats, and opportunities and make inputs into the Bank’s strategic planning and development process.
5. Develops and implement tactical plans that are aligned to the Bank’s strategic plans.
6. Support the Managing Director by coordinating the responses and follow up action of all assigned audit and compliance requirements to include internal and external audits, management letter requirements, regulatory agencies, Risk Department, and Internal Audit action items to ensure acceptable quality and delivery within agreed upon or established timeframes.
7. Oversee and/or review the preparation of Bank’s strategic and operational plans on investments for inclusion in the Bank’s overall plans and budgets and implement plans and programmes on approval ensuring that funds are prudently managed, and costs remain within budget.
8. Consult with Executive Management to identify and prioritize the information technology needs of the Bank.
9. Oversee the financial and accounting functions including asset-liability management, accounts payables, accounts receivables, procurement, budgets, general ledger, financial analysis, financial reporting; record keeping, investments, payroll, and statutory reports.
10. Undertake special projects and project management as relevant and necessary.
11. Document the project’s creation, development, and execution as well as the project’s scope, budget, and justification.
12. Oversee the recoveries unit to ensure that the recoveries portfolio is continuously evaluated and managed by reviewing and approving recommendations for stronger action including outsourcing to debt collectors, letters of demand, legal/court action or seizing of collateral.
13. Oversee maintenance of all the Bank’s premises, procurement, fleet of vehicles, and assets are properly administered in accordance with approved and or established policies and procedures including the procurement and management of all centrally purchased goods and services.

• Manage employee performance and development through facilitating formal coaching, mentoring, training, and other opportunities for staff members

1. Manage the Deputy Managing Director Office’s risks and ensure compliance with policies and regulations
2. Work closely with ECCB, External Auditors and other internal assurance functions, providing information and assistance as approved and required, and communicating/sharing perspectives on risks, controls, and governance processes.
3. Support events and initiatives that support the Bank’s corporate social responsibility.
4. Works closely with Eastern Caribbean Central Bank (ECCB), External Auditors, Government officials, other Banks and Financial organisations as required and networks with domestic and international members of the financial community to build and maintain critical internal and external relationships.
5. Performs other duties as may be assigned.

Minimum requirements:

• Master’s Degree in Statistics, Economics, Mathematics, Finance and Accounting, Banking, or related qualification
• Professional Accounting or Investment designation such as ACCA, CPA, CFA or equivalent
• Senior executive with at least 8 years of senior management business experience.

• Experience in leading teams and the use of the Balance Scorecard Performance Management Tool and Strategic Planning.

• Excellent working knowledge of IFRS requirements applicable to the banking sector.
• Sound knowledge of Finance and Accounting Principles.
• Sound knowledge of Banking with a good understanding of all key areas of the organization.
• Exceptional leadership and management skills with a focus on securing strategic partnerships, resource planning, people, and financial management.

• Meet the “Fit and Proper” requirements pursuant to Banking Act of Dominica No. 4 of 2015.
• Have a clean police record.

Your profile should include:

• Strong leadership and change leadership skills.
• Strong strategic thinking and influencing skills.
• High-quality communications skills – verbal and written.
• Ability to generate independent thought, sound judgement, and initiative.
• Excellent organisational skills, meticulous and detail-oriented.
• Ability to work extended hours and change course in an unpredictable working environment.
• Sound risk assessment ability.
• A PMP Certification would be an asset.
• Working knowledge of Core Director System would be an asset.

A competitive salary and benefits package, commensurate with qualifications and experience will be offered to the selected candidate. Please email your resume and cover letter in confidence by 24^th May 2023 to the attention of Ms. Macina Bethel at mbethel@nbd.dm.

Only shortlisted candidates will be contacted.