TIB Development Bank Limited announced new job vacancy,TIB Development Bank Limited was established in November 1970 initially by the Parliamentary Act, the Tanzania Investment Bank Act of 1970 with the main purpose of financing development with emphasis on industrialization of the country.
TIB was able to fulfil its mandate with notable success in the setting up of textile, leather, paper and other processing industries until the macroeconomic instabilities of the 1980s when the country’s economy deteriorated.
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The economic reforms of the 1990s highlighted the lack of long term funding as it was not offered by any of the commercial and financial institutions operating the country at the time. The Government therefore re-designated TIB as a Development Finance Institution (DFI) in 2005. The bank has completed the process of transformation into a DFI with an engagement focus centred primarily on infrastructure, industrialization (agro-processing, mining, and general manufacturing) oil and gas and services sector.
Contact of TIB Development Bank Limited
HQ CONTACT INFO
Building No.3, Mlimani City Office Park, Sam Nujoma Road.
JOB POST
MANAGING DIRECTOR – 1 POST
APPLICATION TIMELINE
2022-08-24 2022-09-13
DUTIES AND RESPONSIBILITIES
i.Steering the modernisation of TIB Development and preparing the bank to operate in the new economy (the digital economy) as the wave of 4th Industrial Revolution sweeps in;
ii.Managing the bank’s relationship with key stakeholders and capital providers in government and other institutional investors;
iii.Managing the bank’s extension of project financing loans and equity investments to all entities implementing development projects and special purpose investment vehicles for environmentally-friendly projects;
iv.Re-defining the bank’s culture and building a premier institution within the United Republic of Tanzania that will be the “go-to” institution for our development and industrial financing needs;
v.Ensuring bank’s compliance to relevant Rules and Regulations pertaining to the operations of the Development Finance Institutions;
vi.Advising and informing the Board of Directors on progress made in implementing the bank’s strategic plans and operational status of the bank;
vii.Overseeing the process of designing, promoting and delivery of relevant, quality and appropriate products and services for the market;
viii.Managing the utilisation of the bank’s resources within approved parameters, Guidelines, Policies, Laws and Regulations;
ix.Maintaining positive and strong brand image of the bank to all its stakeholders and the general public at large;
x.Enhancing the efficiency and effectiveness of the bank by maintaining cost effective operational environment, expending the bank’s activities, programs and services optimally;
xi.Coordinating and managing all Directorates and Departments reporting to the Managing Director;
xii.Understanding, undertaking mapping and engaging the bank’s internal and external stakeholders and developing a workable strategy for each in order to maintain positive working relationship with all;
xiii.Establishing, implementing and enforcing a robust bank-wide risk management framework, systems, policies and procedures aiming to continuously identify, manage and control operational, market, credit and other business-related risks;
xiv.Supervising and managing the performance of all Directors and Head of Departments by setting, agreeing and assessing performance objectives and targets as well as key performance indicators on an annual basis;
xv.Reporting and appraising the Board of Directors on the bank’s performance through submission of quarterly and annual reports financial and performance reports; and
xvi.Undertaking any other duties that may arise as assigned by the Board of Directors or as result of government policy and strategic directions.
QUALIFICATION AND EXPERIENCE
Master’s Degree in the following fields: – Business Administration, Finance, Accounting, Banking, Economics, Marketing, Law or Entrepreneurship from a recognised Institution. Holding a PhD in any of the above fields will be an added advantage.