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NMB Bank PLC (NMB) Board Membership March 2022

Expression of Interest for NMB Board Membership Ref 32383

Table of Contents

NMB Bank PLC (NMB) Board Membership March 2022 NMB Bank PLC (NMB) is the leading full service commercial bank in Tanzania. It provides banking services to a customer base reflective of Tanzania as a whole and this includes Government and state-owned institutions, large corporates and institutions, micro, small and medium enterprises (MSME), civil servants and salaried employees, farmers, and cooperatives, and reaches out to traders and the unbanked.

NMB is seeking to recruit two (2) independent non-executive new directors to join the NMB Board who will represent the 21 % public (independent) shareholders. The new Board Members will be expected to add value and expertise to help drive the continued growth of the Bank. The role of a Board member requires dynamism and dedication, with a proven track record in business development and leadership.

The responsibilities of the Board members include but are not limited to the following functions:

Defining and reviewing organisational vision and mission from time to time in promoting long term shareholder value;
Determining and reviewing the business strategy, objectives, organizational structure and allocation of resources;
Governing the bank by establishing and monitoring policies and establishing proper delegation of authorities;
Selection, appointment, supporting, assessing and remunerating Executive Management (EM);
To monitor the EM for their execution of policies, strategy and operations through setting clear goals;
Determining proper financial management practices and approving the annual budget;
Determining that adequate risk management practices are implemented;
Monitoring compliance with the law, statutes and internal policies and relevant external regulations;

Experience & Professionalism Director – Audit/Accounting background

The candidates should have a minimum of fifteen (15) years senior management experience preferably in the financial sector with at least five (5) years of those in the banking industry;

They must also have worked in an audit/accounting firm.

Previous Board membership experience, being a certified Director would be a definite advantage.

Director – ICT background

The candidates should have a minimum of ten (10) years senior management experience in the ICT industry.

Previous Board membership experience, being a certified Director would be a definite advantage.

Duration of appointment

The tenure of appointment is three years renewable, subject to performance.

Meetings

The Board of Directors usually meet four times a year. There are also other meetings of Board Committees. The successful candidates will be expected to have adequate time for this assignment.

NMB is an equal opportunity employer and is aiming for gender parity at all levels in the organization. Women are strongly encouraged to apply.

How To Apply

Email your CV and application letter to [email protected] stating the Reference Number 32383 in the subject line.

To view the full job description go to www.radarrecruitment.co.tz and enter the Job Reference Number in the search field.

The closing date for applications is Sunday 17th April2022.

Only shortlisted candidates will be contacted.