Jobs in Zambia and Zimbabwe

Development Bank of Zambia is Currently Recruiting: Managing Director

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DEVELOPMENT BANK OF ZAMBIA

EMPLOYMENT OPPORTUNITY

MANAGING DIRECTOR

The Development Bank of Zambia (‘The Bank”) is a development finance institution established by section 3 of the Development Bank of Zambia Act, Chapter 363 of the Laws of Zambia. Its mandate is to make investments, including short, medium and long term loans and provide technical support services with the overarching purpose of promoting economic development in Zambia. It is regulated by the Bank of Zambia.

The Bank is looking for a suitably qualified person to fill the position of Managing Director on a fixed three (3) year performance-based contract.

JOB SUMMARY

The Managing Director is responsible for the management of the affairs of the Bank in accordance with the policies and directions of the Board and for the overall success of the Bank. The Managing Director is responsible for the day-to-day operations of the Bank and should be conversant with the statutory mandate of the Bank, the risks the Bank is exposed to, the state of internal controls, the legal and regulatory environment and issues and policies affecting the financial sector. The Managing Director is responsible for the following

Key Result Areas:

  • Strategic leadership and Direction of the Bank
  • Financial Management
  • Executive Leadership and People Management
  • Business Development and Value Propositions
  • Audit, Risk Management & Compliance
  • Corporate and Social Responsibility

MAIN RESPONSIBILITIES AND DUTIES

  1. Leading the development and execution of short and long term business strategies that will ensure long term viability and sustainability of the Bank and creating shareholder value that is in line with short and long term objectives, the Bank’s mission and vision, and the statutory mandate;
  2. Working with the Board to ensure ongoing strategic forward-thinking and consistency of the business with the articulated strategic direction;
  3. Maintaining awareness of the issues in the financial sector, industry developments, and new opportunities and risks;
  4. Ensuring that the business of the Bank is conducted in accordance with best practices and applicable statutory and regulatory requirements;
  5. Driving the enhancement of efficiency and effectiveness in the Bank through the modernization of the Bank, leveraging technology, implementation of new systems and business development methodologies;
  6. Redefining and articulating the Bank’s culture and set the tone through positive leadership behaviors in order to facilitate the achievement of business and strategic goals;
  7. Developing and providing leadership to an executive leadership team, ensuring that the team consistently demonstrates a collective focus on achievement of strategic business objectives and an understanding of the Bank’s mandate, mission and vision and its regulatory framework, and actively influencing the implementation and achievement of current and future strategic and business goals;
  8. Ensuring an effective Human Resource Management and leading the development of progressive management and human resource systems, aimed at ensuring a motivated workforce;
  9. Overseeing the financial performance of the Bank and leading the achievement of the Bank’s financial goals;
  10. Ensuring the financial sustainability of the Bank through prudent investment practices and prudent management of capital and earnings;
  11. Fostering a climate of customer focus for the achievement of business growth and to spur the creation and innovation of new products and services;
  12. Establishing and maintaining effective working relationships with key stakeholders and strategic partners, in executing business objectives;
  13. Ensuring the establishment of a strong and independent Risk, Compliance and
  14. Governance Framework that is embedded across the Bank and in accordance with best practice.

KEY COMPETENCIES

Leadership

  • Demonstrates passion and enthusiasm for an organization’s vision, and motivates, leads, and empowers others to achieve organizational goals;
  • Inspires and leads others towards high levels of performance;
  • Demonstrates an intellectual and professional leadership style that supports the attainment of respect and credibility by others.

Relationship Management

  • Ability to establish and maintain positive working relationships with key stakeholders to facilitate the accomplishment of Ban k’s goals;
  • Ability to influence or persuade others to gain acceptance or agreement of ideas and approaches.

Problem Solving and Analysis

  • Ability to analyze complex policy issues, draw correct conclusions and articulate a clear and focused policy to wide and diverse audiences;
  • Ability to understand issues and make systematic and rational judgments based on the relevant information.

Strategy Formulation

  • Ability to formulate strategies and policies, and create new approaches in adverse situations;
  • Ability to take a broad-based view of issues and events, and have an understanding of their longer-term impact or wider implications;
  • Ability to translate strategies into strategic and operational activities.

Communication Skills

  • Ability to assimilate complex issues and use appropriate communication strategies to influence wide and diverse audiences;
  • Ability to actively listen, seek information and ask questions to ensure the understanding of underlying concerns of others.

Understanding of Business, Government and Industry Processes

  • Demonstrates in-depth knowledge of, and experience in, local and national government, business and industry processes and decision-making, and constitutional and accountability principles related to the machinery of government;
  • Politically astute; is able to read situations aptly and exhibit sound judgment;
  • Understands how people work and has a positive non-threatening presence which commands respect from staff members, and stakeholders, commands respect from staff, members, and stakeholders;

Interpersonal Style;

  • Has a personal commitment to organizational excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions;
  • Is resilient; remains calm and deliberate under conditions of stress.

Personal Organization

  • Has the ability to organize a time to the best advantage of the Bank;

Governance/Management

  • Experience in working with Boards of Directors providing professional, accurate, and strategic advice;
  • Ability in implementing and delivering on Boards of directors’ decisions and policies;
  • Understands the interface between the role of directors and management.

QUALIFICATIONS AND EXPERIENCE

  • Requires a post-graduate degree in Business, Finance, Accounting, Economics or any relevant field
  • 1 5 years of relevant professional experience at senior executive management level
  • Demonstrated ability to manage a diverse team of professionals
  • Member of a relevant professional body

Interested and suitable applicants who meet the minimum qualifications should submit their applications, CVs and Certified Copies of Academic Certificates to the undersigned

The Board Chairman

Development Bank of Zambia

Development House

PO Box 33955

LUSAKA

The deadline for applications is 31st October 2019.