Jobs at TIB Development Bank Limited

TIB Development Bank Limited is Development Finance Institutions (DFI) wholly owned by the Government of United Republic of Tanzania. The bank has been established and exists under the Companies Act, 2002. The main focus of TIB Development Bank as a premier national DFI is on national projects that aim at the attainment of the Tanzanian Development Vision 2025. The bank’s mandate is to support the Government in achieving rapid economic growth through the development of industries, infrastructure, services sectors, as well as oil and gas sectors. In this regard, activities of TIB have specifically expanded and the bank now invites suitable, qualified and skilled applicants to fill the following available senior positions:-

DIRECTOR, LEGAL SERVICES AND SECRETARY TO THE BOARD
Nature and Scope
The successful candidate will report to the Managing Director. She/he will be responsible for advising the Board of Directors, Managing Director and Management on all legal issues affecting the bank’s operations.

Key Responsibilities
 Co-ordinate matters pertaining to the administration of the Board’s affairs, Board appointments, meetings and all related issues as required by law.
 Provide expert, written or oral, legal opinion to the Managing Director, various committees,

Board of Directors and the Departments.
 Prepare, execute and register all contracts and legal documents.
 Act as a solicitor, prepare documents for civil suits/litigation, advice on the retention of lawyers or conduct court cases for the bank.
 Check all legal issues pertaining to loan applications before, during and after approval to ensure the bank’s interests are safeguarded.
 Co-manage receiverships with the bank’s appointed Receivers/Managers in all receiverships.
 Liaise with Companies Registrar and file annual returns accordingly.
 Prepare plans and budgets for the Directorate.
 Review work performance of staff in the Directorate including their development, deployment, appraisal, training and welfare in line with the bank’s policies and objectives.
 Perform any other related duties as may be assigned from time to time by the Supervisor.

Qualifications, Knowledge, Experience Essential

 Must possess a Bachelor Degree in Law and any Master’s Degree/Post Graduate qualifications from a recognized University/lnstitution.
 Should be registered as an Advocate in accordance with the laws of Tanzania.
 Minimum of seven (7) years’ experience, of which five (5) must be in a senior position in related function at a reputable institution.
 Should have knowledge in commercial/banking law and practice.
 Strong written and oral communication skills with ability to prepare legal documents in a concise and focused style.
 Highest degree of integrity, excellent and well developed leadership, people management and organizational skills.
 Team player with strong interpersonal skills.
 Must be computer literate.

Preferred Competencies
 Understanding of banking and financial laws and regulations.
 Demonstrated litigation and negotiation skills.
 Ability to interpret and integrate laws, regulations and other statutes into banking/ business policies and procedures.
 Ability to review materials at short notice and provide advice on legal implications and appropriate measures to take.
 Familiarity with the Tanzanian Labour Law, Corporate Law, registration processes and procedures, as well as strong capability of undertaking due diligence.

REMUNERATION
Rasilimali Limited offers an attractive remuneration package, career development opportunities and an excellent working environment.

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DIRECTOR, PORTFOLIO MANAGEMENT

Nature and Scope:
The successful candidate will report to the Managing Director. She/he will be responsible for administering the bank’s loan portfolio. She/he will also be responsible for monitoring and supervision and loan recovery activities.

Key Responsibility

 Advise management on the bank’s credit management policy and liaise with other departments to ensure compliance with the bank’s policy and relevant procedures.
 Administer the bank’s loan portfolio.
 Ensure proper supervision and monitoring of projects implementation
 Ensure timely submission of periodic reports on production, sales, finance and investment for operating borrower companies.
 Ensure regular preparation of portfolio review reports and alert relevant departments on required actions.
 Ensure performance of annual/periodic reviews of the lending portfolio
 Ensure restructuring and performance of remedial management of non-performing assets and where necessary institute appropriate recovery measures.
 Supervise disposal of recommended assets of organizations/companies under receivership/ liquidation and ensure collection of payments on the disposed of assets.
 Review work performance of staff in the Directorate including their development, appraisal training and welfare in line with the bank’s objectives
 Perform any other related duties as assigned from time to time by the Supervisor.

Qualifications, Knowledge, Experience
Essential



 Must possess a Bachelor Degree in Business Administration, Economics, Finance, Accountancy, Banking or related disciplines and any Master’s Degree/Post Graduate from a recognized University/ Institution.
 Minimum of seven (7) years’ experience, of which five (5) must be in a senior position in related function at a reputable institution.
 Strong written and oral communication skills.
 Highest degree of integrity, excellent and well developed leadership, people management and organizational skills.
 Team player with strong interpersonal skills.
 Must be computer literate.

Preferred Competencies

 Ability to interpret Central Bank Policies on Financial Regulations
 Ability and having Knowledge of project appraisal
 Knowledge on financial analysis and project management
 Ability to implement loan workout measures
 Ability to negotiate loan repayment plans
 Ability to carry out project monitoring, fund management and restructuring

REMUNERATION
Rasilimali Limited offers an attractive remuneration package, career development opportunities and an excellent working environment.

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DIRECTOR GENERAL

Nature and Scope
The Director-General shall be the Chief Executive Officer responsible for the day-to-day management of the firm. He/She will be responsible for the provision of a dynamic and strategic leadership, vision and direction of the firm, ensuring appropriate outreach and profitability while providing high-quality services.

Duties and Responsibilities
 Oversee effective and efficient implementation of the firm’s short, medium and long-term plans, and enforcement of relevant legislation, rules and regulations pertaining to Capital Markets and related services.
 Provide direction and leadership towards the achievement of the firm’s Vision, Mission, and Strategic Strategies, Objectives and Deliverables profitably.
 Oversee the designing, promotion, and delivery of quality products and services by the Prudently manage utilization of the firm’s resources within the approved budget, guidelines, policies, laws and regulations.
 Ensure that the firm consistently presents strong and positive image to stakeholders and the general
 Advise and inform the Board on progress made in implementing operational activities of the firm.
 Establish, implement and enforce a robust firm-wide risk management framework and systems
 (policies, processes and tools) covering operational risk, market risk and other risks.
 Coordinate the activities of all departments and operating units of the firm so as to maintain satisfactory progress towards approved objectives. Establish standards for evaluating the progress of the firm and each of its components towards its approved objectives.
 Understand, support and complement TIB Development’s role in Tanzania‘s financial system.
 Carry out other related duties as may be assigned by the Board from time to time.

Functional and Technical Competencies
 A successful candidate must possess among others, the following competencies:
 Proven leadership and business management skills.
 High degree of skills, expertise, and integrity.
 Strong financial management skill
 Able to integrate macro and microeconomic policies into the firm’s strategies, policies, and procedures.
 Able to devise and supervise implementation, and monitoring and evaluation of Strategic Plans, other such plans, Vision and Mission and other resources;
 Strong public image and a person of stature.
 Thorough understanding of macroeconomic policies, strategies and national development
 Knowledge of the complexities of socio-economic development, risk analysis and

Qualifications, Knowledge, and Experience
 Holder of a Masters Degree or Postgraduate qualifications in Economics, Finance, Business Administration, Accounting or related disciplines from recognized university or institution.
 Minimum of ten (10) years work experience; five (5) years of which must be in senior management position or manager level at a reputable financial institution.
 Knowledgeable with equities, fixed income, and advisory business in the financial sector business with a proven success
 Customer oriented, team player with strong interpersonal and people management skill
 Must be computer literate.

REMUNERATION
Rasilimali Limited offers an attractive remuneration package, career development opportunities and an excellent working environment

MODE OF APPLICATION

 Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing
 An application letter showing how they meet the posit ion’s requirements.
 Comprehensive Curriculum Vitae.
 Copies of relevant Certificates and Awards.
 Contact address including telephone number(s) and/or email address(s) if available.
 Names and full addresses of three referees

Closing Date: 18th January 2019 Please address all applications to:

MANAGING DIRECTOR
TIB Development Bank Limited, Mlimani City Office Park Building No. 3
Sam Nujoma Road
P.O. Box 9373 Dar es Salaam
Tel: +255 222 411101•9 I Fax: +255 222 411122
Email: md@tib.co.tz Website: www.tib.co.tz