Vernon John Kikabi

Work History

Head Financial Crisis Preparedness and Management

Bank of Uganda

Kampala, 102

03.2021 - Current

The Bank of Uganda is the Central Bank responsible for monetary policy, price stability, and soundness and resilient financial system
The department is responsible for ensuring financial stability and soundness of the financial sector
Developed, monitored, and implemented policies in the areas of financial crisis contingency planning, financial safety nets, and resolution of financial institutions
Coordinated Crisis management issues among other local regulators under the Financial Sector Stability Forum, particularly, Insurance, Pension, Capital Markets, Cooperatives, Financial Intelligence Unit, and Deposit Insurance
Department budget officer duties including, budget preparation, department planning and procurement, day to day monitoring of annual budgets, advisor to management on budget performance, preparation of quarterly budget performance reports, and issuance and preparation of budget commitment forms
Assessed the effectiveness of financial sector resolution and safety nets frameworks and help strengthen crisis preparedness among local regulators using the Financial Stability Board Key Attributes for Effective Supervision Regime and written deficiency reports for further action by the bank
Coordinated Crisis Management issues on behalf of Uganda in the East African Region as we strive to formulate the East Africa Monetary Union, under the Crisis Management working group
A project leader responsible for update the Crisis Management Plan for Bank of Uganda and coordinate the formulation of the Crisis binder for the sector with the assistance from Toronto Centre
The National Crisis Management Plan was formulated.
Met with Financial Sector Stability Forum stakeholders on regular basis to assess progress on annual work plans.
Organised and coordinated in-country workshops for the East African Community Monetary Affairs Committee Working Group on Crisis Management

Head of Onsite Inspections Unit

Bank of Uganda

10.2013 - 02.2021

The department is responsible for ensuring safety and soundness of banks and non-banks
Led over 10 teams to identify, assess, monitor risks and recommend mitigants in Commercial banks and microfinance institutions
Specifically led over 20 teams to identify, assess, and make recommendations in form of a report on operational risks, Cyber risks, and internal controls
As a result, the banks have been sound and resilient to shocks during the period
Assessed and tested adequacy of; internal controls, cyber security, review of incident reporting framework, Risk and Control Self Assessments, Key Risk Indicators, as well as Risk matrices of institutions, and made recommendations
Reviewed corporate governance practices, strategic plans, operational policies, business plans, board minutes and financial reports of institutions
Assess strategic risks, credit risks, operational risks, and market risks embedded in financial institutions to see their extent and advise on how institutions can improve
Review new product applications, analyze their feasibility studies, review their risk assessments for completeness and robustness
Drafted policies and regulations for new developments in the market including supervision of fintechs, Savings and credit Cooperatives, and climate change risk assessments among others
Responsible for conducting onsite and follow-up inspections for MDIs, vetting of senior managers, assessing product applications from MDIs, loan book reviews, risk assessment, and review and analysis of returns when called upon
Additionally, I was responsible for coordinating Sacco’s related aspects including Regulations, requests as well as organizing sensitisations and visits
Trained and guided team members to maintain high productivity and performance metrics.
Reported issues to higher management with great detail.

Head of Financial Analysis and Data Management

Bank of Uganda

11.2008 - 09.2013

Responsible for the following
Responsible for collecting periodic data from Commercial banks, conduct data cleaning and analysis to support policy formulation under the offsite surveillance division.
Collected data and developed detailed spreadsheets to identify trends.
Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement
Assisted in preparation of presentations, data tables and other documents for meetings
Generated comprehensive reports on portfolio performance and risk assessment

Personal Banker

Barclays Bank Uganda

06.2007 - 10.2008

This was a subsidiary of Barclays Bank PLC, now acquired by ABSA Bank, operating as a commercial bank
During this role, I achieved the following;
Sold banking products and was able to grow the branch from scratch both in terms of loans and deposits as well as ensuring adherence to risk management
Developed and maintained positive long term relationships with customers
Listened and resolve customer complaints or escalated them to respective managers for resolution
Processed deposits, withdrawals, and cash flow at a teller window as needed
Monitored the corporate loan book (structured trade & commodity finance, term lending, structured debt finance, asset finance, project finance, syndicated facilities, Overdrafts, Term loans, Leasing Facilities, Promissory notes) as per the policies of the Bank and the Loan agreement between the customer and the Bank.
Worked closely with management to strategize sales techniques to increase branch production and customer service
Established new accounts for high net worth individuals and serviced existing accounts to maximize revenue
Promoted financial products by maintaining excellent service offering knowledge
Assisted customers with setting up or closing accounts, completing loan applications, and signing up for new services
Processed customer requests for statements, ordering additional checks, and updating customer personal information in database
Balanced cash drawers and vault accounts on daily basis with zero discrepancies
Answered customer questions and explained available services such as deposit accounts, bonds, and securities
Networked to increase client base and encourage existing clients to expand financial portfolios
Processed deposits, withdrawals and ACH transfers accurately
Expanded client base by promoting new financial products
Managed deposits, withdrawals and wire transfers to process smooth banking transactions for clients
Monitored customer accounts to detect irregularities or suspicious activity
Followed up with customers to gather feedback and provide additional assistance
Interviewed customers to obtain information needed for opening new accounts
Maintained customer records and updated account information
Verified customer identity and reviewed documentation for accuracy
Processed customer payments and account setup charges
Informed customers of procedures for applying for services such as ATM cards, direct deposit of checks and certificates of deposit
Backed up teller team by handling needs of new and existing customers at main counter
Reconciled customer accounts and balanced daily transactions
Contacted customers as soon as issues arose to immediately find resolution before problem escalated

Credit Officer

Pride Microfinance Uganda Limited

Kampala

09.2004 - 05.2007

A large microfinance bank operating country wide offering small loans and receiving deposits from the public
I regularly met my weekly and monthly targets of loan disbursements, monitoring and collection
Assessed client credit worthiness using business assessments, analysis and perfection of collateral
Calculated and analysed the risk ratios of clients based on their credit score and financial history
Presented numerous loan applications, before the bank’s credit committees
Monitored loan performance and recovery from non-performing loans
Identified irregular accounts and liaise with respective clients to ensure remedial action is taken to regularize the exposures or escalated them to respective evaluation Manager or Manager, Credit Account Management who will then escalate them to higher authority.
Recommended approval or disapproval of commercial, real estate or credit loans
Devised collection recovery strategies to resolve customer issues and delinquent cases
Obtained and interpreted financial statements to assist in credit limit reviews
Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments
Reviewed and verified income, credit reports and employment histories for each borrower
Adhered to banking standards and government lending guidelines for loan services
Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts
Organized and finalized loan applications for underwriter review
Collaborated with management to evaluate credit strategies and develop improvements
Monitored client abilities and account information to determine appropriate credit approval decisions
Prepared reports of findings and recommendations
Referred delinquent accounts to collections department or outside resources
Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures
Maintained full knowledge of current regulatory environment and made proactive adjustments to meet changing requirements

Summary

Overview

Work History

Head Financial Crisis Preparedness and Management

Head of Onsite Inspections Unit

Head of Financial Analysis and Data Management

Personal Banker

Credit Officer

Education

Bachelor of Arts - Economics

Master of Science - Quantitative Economics

Master of Arts - Economics

Skills

Accomplishments

Affiliations

Timeline

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