Michael Bagonda

Experience

• 

  Barclays Bank of Uganda Ltd

  Nov 2006 - Jan 2016

  • Monitoring and ensuring the all the business’ (Barclays Bank) internal accounts are well managed, reconciled and with no items in exception (outstanding beyond the business’ rules). • Timely and regular review of the business rules to ensure that they are up-to-date and match the changing conditions and requirements.• Review and sign off of accounts reconciliations, from account owners across the business.• Giving regular, timely and shrewd management information and reports on the reconciliation position of the business.• Ensuring that there are efficient and effective controls in the areas on managing internal accounts.• Ensuring that all accounts are managed in line with the business’ procedures.• Reviewing the business’ monthly balance sheet for correctness, completeness and prudence in reporting of the business’ financial position.• Training of account owners in branches and different functions on management and reconciliation of internal accounts.• Developing an effective and efficient team with continuity and succession plan.• Helping the department head in preparation, and management of the departmental budget.• It also means managing a big team directly (the central reconciliation team) and indirectly (account owners and managers in branches). • Developing and managing the Business continuity plan of the department.• Acting as a back-up and acting as for the Head of Internal Control in their absence. Show less •• Heading the team that effects inter-bank transactions and ensuring the transactions are carried out effectively, efficiently and in line with bank procedures.• Reconciling the bank’s Ledger account with its Statement account in Central Bank (Bank of Uganda), and internal accounts related with clearance. Analytical and reconciliation skills are paramount here.• Ensuring that all the business clearance processes are in line with the set guidelines (by the Central Bank).• Managing and reviewing performance of team members. Show less • Ensuring that, all accounts opened across the business, meet the standards set by the company. This involved studying, analysing and interpreting the paperwork presented by customers, so as to make decisions. • Maintaining acceptable account opening turn around periods for the business.• Ensuring completeness and correctness in capturing customer details and instructions in regards account opening.• Managing the process of effecting any ammendments on customers’ accounts.• Managing and reviewing performance of team members. Show less

  • Reconciliation Manager

    May 2008 - Jan 2016

  • Clearing Manager

    Sept 2007 - Apr 2008

  • Team Leader - KYC, Account Opening and Maintenance

    Nov 2006 - Sept 2007
• 

  Barclays Africa

  Aug 2013 - Feb 2014

  Ag. Head of Reconciliations

  • Supervision of Barclays Africa Country Reconciliation Heads• Management of BAU activities (first point of contact at BA level)• Generate Management reports (weekly, monthly and Annual, summarizing the exceptions position of all 12 countries. • Guide countries’ Reconciliation Heads on reconciliation related challenges• Assist in strategic projects initiated at Barclays Africa Regional Office

• 

  Stanbic Bank Uganda

  Feb 2016 - now

  • Support the operations management teams by ensuring that data is readily available, analysed and easily interpreted• Co-ordinate MIS from Team Leaders and Managers• Ensure full understanding of systems used• Validate the MIS and ensure that any errors are corrected• Provide proactive support to Operations teams to understand gaps, opportunities, local activity etc.

  • Manager, Processing

    Sept 2023 - now

  • Data Scientist

    Jan 2022 - Aug 2023

  • Manager MIS and Enablement

    Feb 2016 - Dec 2021