Board Members Vacancies job at CRDB Bank

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Vacancy title:
Board Members Vacancies

[ Type: FULL TIME , Industry: Finance , Category: Management ]

Jobs at:


Deadline of this Job:
13 April 2022  

Duty Station:
Within Tanzania , Dar es Salaam , East Africa

Date Posted: Wednesday, March 30, 2022 , Base Salary: Not Disclosed

The Board of Directors invites applications from suitably qualified candidates to fill five positions of Board Members, three to represent the group of shareholders owning shares below 1% of the share capital of the Bank, one Board Member to represent shareholders owning shares above 1% and below 10% of the share capital of the Bank and one Independent Director elected by all shareholders. “Independent Director” means a director who- (a) does not hold any executive or management position in the bank; (b) does not have, directly or indirectly, a significant interest in the bank including any parent or subsidiary in a consolidated group with the bank; “Significant interest” means a holding of five percent or more of the voting shares of the bank (c) has not been employed by the bank or its subsidiaries of which he currently forms part in any executive capacity for the preceding three (3) years; (d) is not a member of the family of an individual who is, or has been in any of the past three years, employed by the bank or its subsidiaries in an executive capacity; (e) is not a professional advisor to the bank or its subsidiaries ; (f) is free from any business or other relationship which seems to interfere with the individual’s capacity to act in an independent manner; and (g) does not receive remuneration contingent upon the performance of the bank as defined in the Banking and Financial Institutions (Internal Control and Internal Audit) Regulations 2014;In line with Section 5(2) of the Banking and Financial Institutions Act (Corporate Governance) Regulations, 2021 candidates for the Board of Directors positions should have the expertise and knowledge in the following academia: Banking; or Finance; or Accounting; or Auditing; or Law; or Economics.

Skills Requirements
• Taking into account the current market practice, technological development and growth in digital banking, the following skills are required for the Board of Directors Positions: Mergers and acquisition; or IT systems, data science, cyber security, trade and project finance, engineering and insurance.

Roles of Board of Directors
• Determine the Bank’s vision, mission and values aimed at providing continuity and legal existence of the Bank.
• Continuously monitor and evaluate the Bank’s strategy to achieve the vision and mission and ensure the Bank survives and thrives.
• Govern the Bank by broad policies and objectives, formulated and agreed with Managing Director. Such policies and objectives shall aim at ensuring that:
• Procedures and practices are in place to protect the Bank’s Assets and reputation;
• The Bank complies with all relevant laws, regulations and codes of best practices; and
• The technology and systems used in the Bank are adequate to properly run the Bank for it to compete through efficient use of its assets, processes and human resources.
• Monitor risk identification and its management so as to enhance shareholder value in the long run.
• Select and appoint the Managing Director to whom the responsibility of managing the Bank shall be delegated. The Directors shall review and evaluate the Managing Director’s performance regularly.

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Job application procedure
Any CRDB Bank shareholder who wishes to be elected as Board member must submit an application letter, curriculum vitae, certified copies of relevant academic and professional certificates and awards, two passport size photographs, certified copies of the last page of their passports, and letters of recommendation from 3 references and declaration of indebtedness to banks.
Notification of receipt of application and other details will be sent to all applicants upon receipt of the applications. Applications must be received by 00 p.m. on Monday, 11th April, 2022.
CRDB strongly encourages women to apply
The contact for communication is:
• The Secretary
• CRDB Bank PLC Headquarters
• Plot No 25 and 26 Ali Hassan Mwinyi Road & Plot No. 21 Barack Obama Road
• P. O. Box 268,11101 Dar es Salaam, Tanzania
• Tel. no. 022 – 2219566
• E-mail: [email protected]  

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