Vacancy Announcement

TIB Development Bank Limited is a Development Finance Institution (DFI) wholly owned by the Government of the United Republic of Tanzania. The Bank was established under the Companies Act, 2002 and operates as a premier national DFI with a strategic focus on financing projects that contribute to the attainment of the Tanzania Development Vision 2050. The Bank’s mandate is to support the Government’s efforts towards accelerated economic growth through the development of key sectors, including industry, infrastructure, services, and the oil and gas sector.

TIB Development Bank is currently undergoing a comprehensive institutional transformation aligned with the Tanzania Development Vision 2050. As part of this transformation, the Bank, through its wholly owned subsidiary TIB Rasilimali Limited, is strengthening its role in capital markets, insurance, and investment advisory services.

TIB Rasilimali Limited is a licensed Securities Brokerage and Advisory firm, regulated by the Capital Markets and Securities Authority (CMSA), and a licensed member of the Dar es Salaam Stock Exchange (DSE).

In line with its strategic growth objectives, TIB Rasilimali Limited invites applications from highly motivated, visionary, and results-oriented Tanzanians to fill the following senior leadership position:

1. Position: Director General – TIB Rasilimali Limited

The Director General will provide strategic leadership and overall management of TIB Rasilimali Limited, ensuring sustainable growth, profitability, regulatory compliance, and delivery of high-quality capital markets and investment services in support of TIB Development Bank’s development financing mandate.

1.2 Position Purpose

The Director General shall be the principal executive officer of TIB Rasilimali Limited, responsible for the day-to-day management of the firm and for providing strategic leadership, vision, and direction to ensure effective outreach, profitability, and long-term sustainability.

1.3 Key Duties and Responsibilities

The Director General shall be responsible for, but not limited to, the following:

• Develop, present, and implement the firm’s short, medium, and long-term strategic and business plans in line with Board approvals.
• Provide strategic leadership towards achievement of the firm’s Vision, Mission, and strategic objectives in a profitable and sustainable manner.
• Ensure full compliance with all applicable laws, regulations, and guidelines governing capital markets and related financial services.
• Oversee financial management, budgeting, revenue growth, cost control, and optimal utilization of resources.
• Establish and enforce a robust firm-wide risk management and internal control framework.
• Oversee the development, promotion, and delivery of quality products and services.
• Advise and regularly report to the Board on operational and strategic performance.
• Lead stakeholder engagement, brand building, and public representation of TIB Rasilimali Limited.
• Identify and develop new business opportunities to enhance revenue and market presence.
• Ensure timely preparation of accurate financial statements and attainment of unqualified audit opinions.
• Support and complement TIB Development Bank’s development financing role in Tanzania.
• Perform any other duties as may be assigned by the Board from time to time.

1.4 Minimum Qualifications and Experience

1.4.1 Academic Qualifications

• A master’s degree in Finance, Insurance, Economics, Business Administration (MBA), Banking, Investment, Accounting, Capital Markets, or a related field from a recognized institution.
• A bachelor’s degree in a relevant discipline from a recognized institution.
• Professional qualifications such as CFA, CPA (T), ACCA, CISA, or any CMSA-recognized certification will be an added advantage.

1.4.2 Experience

• At least ten (10) years of relevant work experience in financial services, capital markets, investment management, insurance, banking, or development finance.
• A minimum of eight (8) years at senior management or executive level in a regulated financial institution.
• Demonstrable experience in strategic leadership, corporate governance, financial management, regulatory compliance, and business development.

1.4.3 Regulatory and Personal Requirements

• Must meet ‘fit and proper’ requirements as prescribed by the Capital Markets and Securities Authority (CMSA).
• No history of bankruptcy, criminal conviction, or financial misconduct.
• Strong knowledge of capital markets laws, public finance regulations, and corporate governance principles.

1.4.4 Competencies

• Strong strategic and visionary leadership skills.
• High level of integrity, professionalism, and ethical conduct.
• Excellent communication, negotiation, and stakeholder management skills.
• Strong analytical, decision-making, and problem-solving abilities.
• Proven ability to lead change and deliver results.

2. Mode of Application

Interested and qualified candidates should submit:

• An application letter.
• Detailed Comprehensive Curriculum Vitae (CV).
• Certified Copies of relevant certificates and awards.
• Indicating your contact address such as telephone number(s) and email address(s) if available.
• Names and full addresses of (3) referees.

Closing Date of Applications will be on 16th January 2026

Addressed to: Managing Director, TIB Development Bank, Mlimani City Office Park, Sam Nujoma Road, Ubungo P.O.BOX 9373.