Board Member Vacancies at Mkombozi Commercial Bank PLC
Board Members Vacancies
Mkombozi Commercial Bank PLC (MKCB)
Dar es Salaam
Mkombozi Commercial Bank PLC (MKCB) started as an initiative of the Tanzania Episcopal Conference in 2009 to establish a Commercial Bank
Introduction:
Mkombozi Commercial Bank PLC (MKCB) is a leading commercial bank in Tanzania, established in 2009. The bank provides banking solutions to growing, medium-sized, and large companies, institutional investors, financial institutions, and government entities. MKCB achieved a significant milestone when it was listed on the Dar es Salaam Stock Exchange (DSE) in 2014.
The bank is committed to delivering high-quality financial services in a sustainable and socially responsible manner, supporting financial inclusion, contributing to economic development, and meeting stakeholders’ expectations.
MKCB is seeking to recruit two (2) reputable and dynamic non-executive Board members, each with expertise and practical experience in banking, which is crucial for supporting the bank’s growth ambitions. The names of aspiring and qualifying candidates will be forwarded to the Annual General Meeting for voting.
The Role:
Professional Qualifications and Responsibilities:
The new Board members will be expected to contribute to the continued growth of the bank. Their responsibilities will include:
- Determining the Bank’s vision, mission, and values; continuously monitoring and evaluating its strategy, ensuring sustainable growth.
- Selecting, appointing, supporting, assessing, and monitoring Senior Management in executing policy, strategy, and operations.
- Selecting and appointing the Managing Director, reviewing and evaluating their performance regularly, and offering guidance.
- Determining proper financial management practices, approving the annual budget, and monitoring its implementation.
- Understanding and considering the interests of shareholders and relevant stakeholders.
- Being well-informed about Bank matters, prepared for meetings, and participating in annual evaluations and planning activities.
- Ensuring practices and procedures are in place to protect the Bank’s assets and reputation.
- Ensuring the Bank complies with all relevant laws, regulations, and codes of best practices.
- Overseeing the bank’s risk management process and responding to risks to enhance shareholder value.
- Ensuring the technology and systems used by the bank are adequate to run operations effectively and efficiently.
Qualifications and Experience:
- Minimum of ten (10) years’ work experience at a director/senior management level, preferably in financial services, with at least five (5) years in the banking industry.
- Experts in business management, accounting, finance, marketing, actuarial science, economics, ICT, fintech, engineering, human resources, or related fields.
- Clean credit record, good track record of integrity and ethical conduct.
- Demonstrated background in leadership, management, and governance in public or private banking entities.
- Aged between forty (40) and sixty-five (65) years.
- Postgraduate qualifications in a business-related field and/or professional certification in accounting (CPA(T) or ACCA) are an added advantage.
- Board leadership experience with a listed company would be an added advantage.
- Highly networked individual with the ability to build and maintain beneficial relationships for the bank.
How to Apply:
Interested candidates should submit a CV and a cover letter by February 28, 2025, stating why they wish to be considered for the role. The cover letter should demonstrate how the candidate meets each of the relevant qualifications and requirements highlighted in the announcement.
Applications should be sent by email to info@grc.co.tz
Only prospective candidates who best meet the requirements will be invited for an interview. MKCB is committed to diversity and welcomes applications from all individuals.
