Board Members at Mkombozi Bank-Feb2025

Board Members at Mkombozi Commercial Bank PLC – February 2025

Vacancy for Board Members

Introduction:

Mkombozi Commercial Bank PLC (MKCB) is a leading commercial bank in Tanzania, established in 2009. It offers comprehensive banking solutions tailored for growing businesses, medium-sized and large corporations, institutional investors, financial institutions, and government entities. A significant milestone was achieved in 2014 when MKCB was listed on the Dar es Salaam Stock Exchange (DSE).

Committed to delivering high-quality financial services, MKCB prioritizes sustainability, social responsibility, and financial inclusion. The bank actively contributes to economic development while ensuring it meets stakeholder expectations.

MKCB is currently seeking to appoint two (2) distinguished and dynamic non-executive Board Members with expertise in banking. Their knowledge and experience will play a crucial role in supporting the bank’s growth and strategic direction. The shortlisted candidates will be presented for voting at the Annual General Meeting.

The Role:

Key Responsibilities: The appointed Board Members will be instrumental in guiding the bank’s long-term success. Their primary responsibilities include:

• Defining and upholding the bank’s vision, mission, and values while overseeing strategy execution for sustainable growth.
• Selecting, appointing, evaluating, and providing oversight for Senior Management in policy, strategy, and operations.
• Appointing the Managing Director, regularly reviewing their performance, and offering strategic guidance.
• Establishing sound financial management practices, approving annual budgets, and monitoring financial performance.
• Representing the interests of shareholders and key stakeholders.
• Staying informed on the bank’s operations, actively participating in board meetings, and contributing to strategic planning.
• Ensuring adequate policies and procedures are in place to safeguard the bank’s assets and reputation.
• Ensuring compliance with all applicable laws, regulations, and corporate governance best practices.
• Overseeing risk management strategies and enhancing shareholder value by addressing potential risks.
• Ensuring the bank’s technological infrastructure supports efficient and effective operations.

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Qualifications and Experience:

Ideal candidates should possess the following qualifications:

• A minimum of ten (10) years of experience at the director or senior management level, preferably in financial services, with at least five (5) years in the banking sector.
• Expertise in business management, accounting, finance, marketing, actuarial science, economics, ICT, fintech, engineering, human resources, or related fields.
• A clean credit record and a strong reputation for integrity and ethical conduct.
• A proven leadership, management, and governance background within public or private banking institutions.
• Age range: between forty (40) and sixty-five (65) years.
• A postgraduate qualification in a business-related field and/or professional certification in accounting (CPA(T) or ACCA) is an added advantage.
• Prior board leadership experience within a publicly listed company is highly desirable.
• A well-networked professional with the ability to build and maintain strategic relationships that benefit the bank.

How to Apply:

Interested candidates should submit a detailed CV and a compelling cover letter by February 28, 2025. The cover letter must outline the applicant’s qualifications and demonstrate how they meet the specified requirements.

Applications should be sent via email to below.

Only shortlisted candidates who best align with the requirements will be contacted for an interview. MKCB is committed to fostering diversity and encourages applications from all qualified individuals.