Director Of Treasury and Funding
The Government of Tanzania has decided to" establish the Tanzania Agricultural Development Bank Limited (TADB) under the provisions of the Banking and Financial Institutions Act No 5 of2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. The bank shall have the following key objectives:
To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural growth;
To lead, as an apex agricultural financing bank, in capacity building strategies and programmes to strengthen the agriculture financial value chain;
To be an important initiative in the implementation of the Government's Second-generation financial sector reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA);
To catalyze existing agro-financing activities through provision of short, medium and long-term facilities to the following institutions: commercial banks, community banks, savings and credit cooperative societies (SACCOS) and micro finance institutions (MFIs) that are active in lending to the agricultural sector;
To coordinate and monitor agriculture and rural lending activities with a view to maximizing the impact of agricultural growth by working closely with the Ministries and institutions responsible for Agriculture, Regional Administration as well as the numerous players active in this sector; ,
To assist the Government in implementing its policies on enhancing the financial sector's inclusion in the rural areas.
TADB is hereby inviting applications from suitably qualified candidates to fill the following vacancies:
Director Of Treasury and Funding
REPORTS TO: MANAGING DIRECTOR
NATURE AND SCOPE:
The jobholder reports to the Managing Director. He/ She is responsible for managing the bank's treasury activities including management of its financial resources and treasury risks as well as providing treasury services to its clients. He/ She also mobilizes funds and diversifies funding sources for the bank to achieve an acceptable rate of return on the capital of the bank.
Key Responsibilities
To set and implement the bank's treasury and funding strategies and plans.
To source low cost funds for lending and investment in accordance with the bank's developmental mandate.
To seek and manage on agency basis, funds from the Government and development partners.
To manage the money market activities of the bank.
To asses funding resources and requirements:
- Manage cash on a daily basis
- Invest excess funds
- Manage minimum requirements.
To manage treasury risks of the bank:
- Foreign exchange
- Interest rates
- Liquidity
To transact foreign exchange business with the clients and counter-parties of the bank within approved credit limits.
To ensure that the outstanding position of clients and counter-parties is updated immediately after the deal is done.
To propose treasury dealing limits for counter-party banks.
To maintain an ongoing record of all orders received from clients and other departments and ensure that orders are executed according to the instructions given.
To maintain records of the expected receipts and disbursement of funds.
To monitor the bank's cash and liquidity position on a, daily basis and ensure that treasury risk limits and local statutory reserve requirements are respected.
To manage the bank's treasury position on a day-to-day basis.
To represent the bank at the weekly Bank of Tanzania (BoT) auction of Treasury Bills.
To prepare Treasury Bills and Treasury Bonds auction bids.
To control and prepare all Assets and Liabilities Committee (ALCO) reports and returns .
To provide deposit rates for local and foreign currency deposits.
To ensure customers receive efficient and prompt service.
To actively market the banks treasury services to its customers and potential Customers. To carry out any other duties assigned by the Managing Director from time to time.
Competencies
General
Understands and is committed to the bank's mission and vision.
Ability to set clear targets to achieve them within the Directorate.
Ability to create new business opportunities for the bank by devising original approaches to generate new business.
Possession of an in-depth understanding of clients and their needs.
Ability to monitor changes in client environments and predict impact on client needs.
Ability to build effective relationships with colleagues by giving advice and receiving feedback.
Ability to produce original well composed letters and reports.
Functional/Technical
Ability to monitor financial markets and interpret developments in terms of the bank's business.
Good understanding of all the risks involved in the treasury function and how they are mitigated.
Strong Knowledge of Regulatory Reporting Practices, Risk
Measurement and Analysis
Excellent knowledge of treasury and banking products -.
Identifies and actively exploits all sources of potential sales opportunities.
Ability to undertake all treasury-dealing and funds mobilization activities .
Ability to interpret Central Bank policies on financial regulations and implement them within bank's strategic plan.
QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:
Masters Degree/Postgraduate qualifications in Business Administration, Finance, Accounting, Banking or related discipline.
Treasury dealing qualifications.
Minimum of 10 years experience of which 5 must be in a similar post in a commercial bank or banking/financial institution.
Leadership, motivation, and people management skills.
Team player with very strong interpersonal and communication skills.
Banking computer skills.
To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural growth;
To lead, as an apex agricultural financing bank, in capacity building strategies and programmes to strengthen the agriculture financial value chain;
To be an important initiative in the implementation of the Government's Second-generation financial sector reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA);
To catalyze existing agro-financing activities through provision of short, medium and long-term facilities to the following institutions: commercial banks, community banks, savings and credit cooperative societies (SACCOS) and micro finance institutions (MFIs) that are active in lending to the agricultural sector;
To coordinate and monitor agriculture and rural lending activities with a view to maximizing the impact of agricultural growth by working closely with the Ministries and institutions responsible for Agriculture, Regional Administration as well as the numerous players active in this sector; ,
To assist the Government in implementing its policies on enhancing the financial sector's inclusion in the rural areas.
TADB is hereby inviting applications from suitably qualified candidates to fill the following vacancies:
Director Of Treasury and Funding
REPORTS TO: MANAGING DIRECTOR
NATURE AND SCOPE:
The jobholder reports to the Managing Director. He/ She is responsible for managing the bank's treasury activities including management of its financial resources and treasury risks as well as providing treasury services to its clients. He/ She also mobilizes funds and diversifies funding sources for the bank to achieve an acceptable rate of return on the capital of the bank.
Key Responsibilities
To set and implement the bank's treasury and funding strategies and plans.
To source low cost funds for lending and investment in accordance with the bank's developmental mandate.
To seek and manage on agency basis, funds from the Government and development partners.
To manage the money market activities of the bank.
To asses funding resources and requirements:
- Manage cash on a daily basis
- Invest excess funds
- Manage minimum requirements.
To manage treasury risks of the bank:
- Foreign exchange
- Interest rates
- Liquidity
To transact foreign exchange business with the clients and counter-parties of the bank within approved credit limits.
To ensure that the outstanding position of clients and counter-parties is updated immediately after the deal is done.
To propose treasury dealing limits for counter-party banks.
To maintain an ongoing record of all orders received from clients and other departments and ensure that orders are executed according to the instructions given.
To maintain records of the expected receipts and disbursement of funds.
To monitor the bank's cash and liquidity position on a, daily basis and ensure that treasury risk limits and local statutory reserve requirements are respected.
To manage the bank's treasury position on a day-to-day basis.
To represent the bank at the weekly Bank of Tanzania (BoT) auction of Treasury Bills.
To prepare Treasury Bills and Treasury Bonds auction bids.
To control and prepare all Assets and Liabilities Committee (ALCO) reports and returns .
To provide deposit rates for local and foreign currency deposits.
To ensure customers receive efficient and prompt service.
To actively market the banks treasury services to its customers and potential Customers. To carry out any other duties assigned by the Managing Director from time to time.
Competencies
General
Understands and is committed to the bank's mission and vision.
Ability to set clear targets to achieve them within the Directorate.
Ability to create new business opportunities for the bank by devising original approaches to generate new business.
Possession of an in-depth understanding of clients and their needs.
Ability to monitor changes in client environments and predict impact on client needs.
Ability to build effective relationships with colleagues by giving advice and receiving feedback.
Ability to produce original well composed letters and reports.
Functional/Technical
Ability to monitor financial markets and interpret developments in terms of the bank's business.
Good understanding of all the risks involved in the treasury function and how they are mitigated.
Strong Knowledge of Regulatory Reporting Practices, Risk
Measurement and Analysis
Excellent knowledge of treasury and banking products -.
Identifies and actively exploits all sources of potential sales opportunities.
Ability to undertake all treasury-dealing and funds mobilization activities .
Ability to interpret Central Bank policies on financial regulations and implement them within bank's strategic plan.
QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:
Masters Degree/Postgraduate qualifications in Business Administration, Finance, Accounting, Banking or related discipline.
Treasury dealing qualifications.
Minimum of 10 years experience of which 5 must be in a similar post in a commercial bank or banking/financial institution.
Leadership, motivation, and people management skills.
Team player with very strong interpersonal and communication skills.
Banking computer skills.
APPLICATION INSTRUCTIONS:
Your application should include application letter, up- to-date Curriculum Vitae stating name in full, physical address, telephone numbers and e-mail addresses of the candidate, certified copies of relevant certificates and reference letters from three (3) work-related referees.
All applications must be submitted through postal or courier services. No application from physical visit by the applicant or representative to the TADB offices shall be entertained.
Applications should reach the undersigned by 4.00 pm on 29th April 2015.
The Managing Director,
Tanzania Agricultural Development Bank,
7thFIoor Samora Tower, Samora Avenue,
P.O. Box 63372,
DAR ES SALAAM
All applications must be submitted through postal or courier services. No application from physical visit by the applicant or representative to the TADB offices shall be entertained.
Applications should reach the undersigned by 4.00 pm on 29th April 2015.
The Managing Director,
Tanzania Agricultural Development Bank,
7thFIoor Samora Tower, Samora Avenue,
P.O. Box 63372,
DAR ES SALAAM
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