MUCOBA BANK PLC formerly Mufindi Community Bank Ltd, the ‘first Community Bank in
Tanzania invites applications from qualified Tanzanians to fill in the following vacancies.
The Bank invites applications from suitably qualified Tanzania of high personal integrity to apply for appointment as a Non- Executive Directors of the Board (2 positions) to represent the share holders. The bank is in need of an experienced banker and an experienced lawyer.
REQUIREMENTS OF A BOARD DIRECTOR
A Board Director must be an individual who has demonstrated significant achievements in business, education, the profession and/or public service.
He/ She must have the requisite intelligence, education and experience to make significant contribution for the deliberations of the Board of Directors. In addition the Board Director is expected to bring a broad range of experiences to the Board.
The role of the Board Directors
i. To determine the Bank’s vision, mission and values.
ii. To formulate, monitor and evaluate bank’s policies and strategies.
iii. To review on a regular basis the adequacy and integrity of the Bank’s internal control, financial reporting, risk management and management information systems including compliance with applicable laws, regulations, rules and guidelines.
iv. To appoint and regularly review and evaluate the performance of the Senior Management of the bank.
v. To assess and evaluate the effectiveness of the Board performance, collectively and individually
vi. To regularly attend and effectively participate in Board Committee and other important meetings.
vii. To meet the obligation of accountability to Shareholders
viii. To perform any other duties stipulated under the law.
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