27 Mar 2024

Managing Director at Maendeleo Bank PLC

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Job Description

Managing Director Position

Maendeleo Bank PLC commenced operations in September 2013 as a Regional Bank with its Headquarters at Luther House Sokoine Drive, Dar es Salaam. It is the first bank in Tanzania to be listed on Dar es Salaam Stock Exchange (DSE) from its inception through the Enterprise Growth Market(EGM) window. Its Mission is’to provide innovative, customer needs driven financial services with competitive returns to our Shareholders’.

In compliance with the Banking and Financial Institutions (Corporate Governance) Regulations, 2021 which stipulate that, “A Board member or a Chief Executive Officer of a bank orfinancial institution shall not hold office fora consecutive period of more than ten years”, the current Managing Director, Dr. Ibrahim Mwangalaba tenure at Maendeleo Bank has reached the 10-year limit and is therefore due for retirement from this role at the bank.

Therefore, the bank is inviting applications from suitably qualified individuals of high personal integrity and a clean record of accomplishment to apply for the position of Managing Director.


Financial Performance: Ensuring the bank’s financial stability and growth, including profitability, asset quality and capital adequacy.
Strategic Leadership: Setting and implementing the bank’s strategic goals and objectives, and providing leadership to achieve them.
Risk Management: Overseeing the management of various risks, including credit risk, market risk, operational risk and compliance risk.
Stakeholder Management: Building and maintaining relationships with key stakeholders, such as shareholders, clients, regulators, investors and the community.
Governance and Compliance: Ensuring that the bank operates in compliance with regulatory requirements and ethical standards, and maintaining good corporate governance practices.
Talent Management: Attracting, developing, and retaining top talent and fostering a positive and high-performance culture within the bank.
Innovation and Technology: Driving innovation and leveraging technology to improve operational efficiency, enhance customer experience, and stay competitive in the market.
Reputation and Brand Management: Safeguarding and enhancing the bank’s reputation and brand through responsible business practices and effective communication.
Ensuring that the annual budgets are prepared and submitted to the Board of Directors for approval for every ensuing year and that the bank operations are conducted within the approved budget;
Develop and maintain an effective marketing and public relations strategy to promote the products, services and image of the bank.
Undertaking any other duties that may arise as assigned by the Board of Directors or as result of government policy and strategic directions.


Master’s Degree in the following fields: – Business Administration, Finance, Accounting, Banking, Economics, Marketing, Law or Entrepreneurship from a recognized Institution.
A minimum of 10 years banking experience (5 years of which should be at a senior managerial position in banking).
Proven experience in leadership.

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Method of Application

Interested Candidates are requested to apply as follows:
  1. An application letter detailing their suitability for the position,
  2. A comprehensive Curriculum Vitae (CV),
  3. Certified copies of Certificates and Awards,
  4. Certified copies of last two pages of a current Passport,
  5. Two recent passport size Photographs and
  6. Three recommendation letters from professional referees including one personal referee.
  7. All applications should be sent to the recruitment consultant through: [email protected]. CLEARLY SPECIFYING on the email the following subject: Application for the Managing Director’s role – Maendeleo Bank

The Managing Director, Epvate & Fortune International Consulting P.0. Box. 1235, Dar es Salaam. Email address: [email protected]

Deadline for submission of applications is 14th April 2024, only shortlisted candidates will be contacted. Please note that candidates will meet their own travel and accommodation costs for the interviews.

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