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Board Member Vacancies (2) at CRDB Bank February, 2020 Job Description
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CRDB Bank Pic is a leading commercial bank in Tanzania. Established in 1996, the Bank has grown and prospered over the years to become the most innovative and trusted Bank in the country. The Bank attained an important milestone when it was listed on the Dar es Salaam Stock Exchange on 17th of June, 2009. CRDB Bank Pic owns three subsidiary companies – CRDB Microfinance Services Company Limited, CRDB Bank Burundi S.A. and CRDB Insurance Broker Limited.

The Board of Directors invites applications from suitably qualified candidates to fill two positions of Board Members, one Non Executive Director to represent the group of shareholders owning shares below 1% of the share capital of the Bank and one Independent Non Executive Director.

The names of qualified candidates will be submitted to the Annual General Meeting which will be held on 16th May, 2020 for election.

Requirements

  1. A professional banker, lawyer, ICT and FinTech specialist, Insurance expert or practitioner or accomplished entrepreneur.
  2. Management experience and knowledge in economics, finance, accounting, rural development, agriculture and co operatives.
  3. Applicants are required to observe the requirements of Article 77 and Article 91 of the CRDB Bank Memorandum and Articles of Association and Section 70 of the Banking and Financial Institutions Act which, amongst other things, provide for the qualifications that are required for applicants to possess.
  4. The applicant should not be a politician, bankrupt, under 21 years of age or more than 70 years of age

 

 

 

NOTE:

a. Article 77 of the Bank’s MEM ARTS states that “Each of the Directors appointed or elected shall be a person with knowledge and experience of either economics or financial matters or of accounting or legal expertise or rural development, agriculture or small scale industries or any other equivalent qualifications. Directors appointed and elected shall be confirmed by the general meeting but such that their appointment shall not be effective until approved by the Bank of Tanzania”.

b. Article 91 of the Bank’s MEMARTS states that the Directors shall more specifically:

91.1 “Determine the Bank’s vision, mission and values aimed at providing continuity and legal existence of the Bank.

91.2 Continuously monitor and evaluate the Bank’s strategy to achieve the vision and mission and ensure the Bank survives and thrives.

91.3 Govern the Bank by broad policies and objectives, formulated and agreed with Managing Director. Such policies and objectives shall aim at ensuring that:

913.1 Procedures and practices are in place to protect the Bank’s Assets and reputation;

91.3.2 The Bank complies with all relevant laws, regulations and codes of best practices;

91.3.3 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;

91.4 Monitor risk identification and its management so as to enhance shareholder value in the long run;

91.5 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”.

c. Section 70 of the Banking and Financial Institutions Act states that “No member of the management of the Bank who exercises decision making authority with respect to the exercise of any supervisory authority regarding the Bank or financial institutions may hold any office, position or employment in any bank or financial institution while serving as member of management and during the two year period from the date when such a member ceases to be a member of management”.

 

Mode of Application

  1. Any CRDB Bank shareholder is eligible to apply for the Board Member vacancy to represent the group of shareholders owning shares below 1% of the share capital of the Bank.
  2. Applicant for the position of Independent Non Executive Director should not be a shareholder of CRDB Bank, an employee of a shareholder or have a relationship to the Management or the Board.
  3. The applicants should clearly specify the position applied.
  4. Applications can be submitted through e mail or presented to the Company Secretary Office’s at the address mentioned below.
  5. Qualified and experienced candidates are requested to apply and 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 passport, and letters of recommendation from 3 referees and declaration of indebtedness to Banks.
  6. 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 Friday, 6th March, 2020.

FOR MORE INFORMATION:

The Secretary; CRDB Bank Pic; Office Accommodation Scheme- Azikiwe Street, 4th Floor; P. O. Box 268; Dar-es-Salaam Tel. no. 022 – 2114237, 2117442 – 7 – Fax or 022 – 2131005; E-mail – [email protected]

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