The Independent Directors shall be expected to:
Actively participate in the deliberations and decision making of the Board of Directors, in line with the Bank’s policies, procedures and regulations;
Provide investment, financial, risk management and other expertise;
Fulfill a fiduciary duty to the Bank’s shareholders and advance good corporate governance;
Contribute to the functioning of the Board of Directors and healthy stakeholder and shareholder relations;
Serve for a term of 3 years.
Qualifications, Experience and Other Criteria:
Applicants should have:
Specialized skills and applied knowledge and experience in the areas of enterprise/project finance/investment;
Regional and international experience and knowledge of the economic and financing landscape of the countries of the region;
Experience in the management and governance of a financial/investment institution;
Furthermore, the prospective Independent Director should have a minimum of a Master’s Degree in a commercial science, such as business management, finance and accounting;
The Bank encourages applicants from Member States in good standing that are currently not represented on the Board of Directors, namely Tanzania, Burundi, Ethiopia and the Sudan;
The Bank also encourages female applicants in the interest of gender diversity;
Applicants with the following background will not be considered:
a previous directorship with the Bank in the past ten years; a current or recent (three years) employment relationship or directorship with a company directly or indirectly controlled by PTA Bank;
a current or recent (three years) trading, agency or business relationship with the Bank;
a close relative of any member of the Bank’s management and board, per the standards of the FATF Regulation;
a conflict of interest with an entity that has a significant business, investment or funding relationship with the Bank.
PTA Bank shall offer competitive non-employment compensation to the Independent Directors that includes covering the costs of travel as well as sitting allowances and per diems for both Board and Committee meetings.
Applications:
Applicants are invited to send a cover letter illustrating their suitability against the listed qualifications and detailed curriculum vitae including national origin, date of birth, names and addresses of three referees and a recent passport size photo. Applicants should indicate the position applied for as the subject line of their email submissions. Only short-listed applicants meeting the above requirements will be contacted.
Applications should be sent by email directly to the following e-mail address on or before 22nd April, 2016:Linda.Bwakira@ptabank.org
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