Head of Finance
Location: Head Office Reporting to Managing Director
Summary of Responsibilities:
Manage the Bank’s Finance function in accordance with the established professional standards, policies and procedures and give a general strategic and operational guidance on all financial matters of the bank to continuously improve the financial Position of the bank.
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Scope of Duties:
  • Coordinating the planning and preparation of the bank’s strategic business plan.
  • Develop, cascade and monitor the implementation of financial strategy and work plans/Activity plans aligned to the overall bank strategy.
  • Develop performance measures that support the bank’s strategic direction and champion the achievement of revenue targets on interest income and off-balance sheet earnings through continuous monitoring of business performance and profitability performance mechanisms in line with the bank ‘s overall strategy.
  • Provide strategic support and directives to various business offices within the bank during Audits by regulatory authorities/external Auditors. Review the findings and recommendations made by the internal & external auditors and drive adherence to internal and external policies to meet compliance requirements of the bank and regulatory authorities.
  • Oversight of compliance with corporate and country financial reporting practices.
  • Prepare, present and interpret financial reports to Management, Board of Directors, shareholders and to direct and supervise preparation of all financial reporting.
  • Managing communications with the bank’s Executive Committee, the Board of Directors, and other stakeholders on financial matters.
  • Oversight of the bank’s financial transaction recording process In line with generally accepted accounting principles
  • Development, improvement and oversight of revenue and expenditure consistency checks and balances that promote performance management
  • Management of cost benefit analyses on investment and financing proposal
  • Participation in credit risk and market risk management processes
  • Provision of tax planning and compliance expertise
  • Overall development of the Finance function within the bank and adaptation to needs of changing environment with process improvements.
  • Train, motivate and manage performance of the finance team to enhance staff productivity thorough daily supervision of the team’s activities, feedback and provision of leadership in line with the policies
  • Any other duties as assigned by the Managing Director of the Bank.
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Academic/Professional Qualifications:
  • A degree in Accounting, Finance and/ or Business
  • Full qualification in a professional accounting course – ACCA or CPA
  • Solid computer competency in Microsoft Excel Spreadsheets, Word, and PowerPoint, knowledge of accounting packages desired.
  • Minimum of five years of post-qualification experience two of which should be at senior management level
  • Must be a person of integrity, proactive, a quick thinker, analytical and ready to adhere to the highest professional standards
  • Fluency in oral and written English is required, knowledge of French is added advantage.
  • Excellent presentation skills

Competence Requirements:
  • Strong strategic and conceptual skills
  • Leadership and team management skills
  • Customer centricity
  • Solid business acumen and financia I skills
  • Strong analytical and problem solving skills
  • Solid planning and project management skills
  • Enterprise risk management skills
  • Strong decision-making, conflict resolution and problem solving skills
  • Supplier relations and negotiation skills
  • Networking skills, tact and diplomacy; with ability to influence key people inside and outside the Bank
  • Very strong presentation skills, verbal and written communication skills
  • Team player with strong interpersonal skills and the ability to build internal and external networks
  • Ability to work under pressure, and exercise excellent judgment

Head of Enterprise Risk
Location: Head Office Reporting to Managing Director
Summary of Responsibilities:
To facilitate the execution of Enterprise Risk Management (ERM) processes and infrastructure as a key enabler to achieving the business objectives of the bank sustainably.

Scope of Duties:
  • To integrate risk management within the strategy development process of the bank.
  • To develop and communicate risk management policies, risk appetite and risk limits of the bank
  • To continuously monitor the Bank’s critical risks and develop risk mitigation strategies to respond to these risks
  • To establish, communicate and facilitate the use of appropriate Enterprise Risk Management methodologies, tools and techniques to effectively manage the risks of the bank
  • To work with business units to establish, maintain and continuously improve risk management capabilities and support business sustainability
  • To facilitate enterprise-wide risk assessments and monitor priority risks across the bank
  • To implement risk reporting to the Executive Committee, Board and Senior Management
  • To ensure effective alignment between the Enterprise risk management process, internal Audit and risk financing
  • To initiate regular risk management education and training across the Bank
  • To assist the Directorate, Executive Committee, and the Assets and Liabilities Committee with capital and resource allocation decisions
  • To provide an independent view regarding proposed business plans and transactions
  • To develop project risk management capabilities within the Bank
  • To develop and implement an IT Risk strategy to support Enterprise Risk Management
  • To determine the risk-bearing capacity of the bank and advise on self-insurance portfolio options as in keeping with risk management strategy, including financing options for the cost of risk retention
  • And any other duties that may be assigned.
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Academic/Professional Qualifications:
  • Bachelors’ degree in a Business, Finance, Statistics, Mathematics, Economics, Accounting or other quantitative fields
  • Masters’ Degree or Professional Qualifications in relevant fields e.g. finance, ICT security, banking is desirable
  • 8 years’ experience in Business (preferably Banking); 3 of which should be at senior management level
  • Strong grasp of Enterprise Risk Management principles and philosophy

Competence Requirements:
  • Solid grasp and interpretation of industrial and national economic trends
  • Strong strategic and conceptual skills
  • Proven leadership and people management skills
  • Solid business acumen a nd fi nancial skills
  • Strong analytical and problem solving skills
  • Strong decision-making, conflict resolution and problem solving skills
  • Strong presentation skills, verbal and written communication skills,
  • Team player with strong interpersonal skills
  • Stakeholder management.
  • Ability to work under pressure and exercise excellent judgment
  • Integrity and professionalism
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Method of Application
All applications and copies of certificates should be submitted to Human Resources department by end of 08th October, 2021 through;
  • THE HUMAN RESOURCES DEPARTMENT
  • BANK OF AFRICA – TANZANIA
  • NDC DEVELOPMENT HOUSE
  • OHIO / KIVUKONI STREET
  • P.O Box 3054
  • DAR ES SALAAM
  • TANZANIA.
Or through email: hr@boatanzania.com
NOTE: We shall communicate to only shortlisted candidates who meet all the requirements above.