TIB Development Bank Limited, the premier national development Financial Institution, aims to focus on national projects with a development focus towards the attainment of the Tanzanian Development Vision 2025. The bank’s mandate is to support the Government in achieving rapid economic growth through the development of industries, infrastructure, services and the oil and gas sector. In this regard, activities of TIB have specifically expanded and the bank now invites applications from suitable, qualified and skilled persons to this vacancy
Manager Liquidity Management
Nature and Scope
The successful candidate will report to Director of Funds Mobilization. He/she is responsible to ensure that there are enough funds available in the bank to meet the day to day payments including, disbursement of loans and repayment of maturing obligations of borrowed funds
Key Responsibilities
1. Prepare the cash flow statements on daily basis and ensure that there is enough cash for meeting the maturing obligations
2. Participate in the establishment and maintenance of short/medium/longterm liquidity availability
3. Participate all aspects of investment portfolio and investment strategies
4. To take part in the development and monitoring of Liquidity operations policies, activities, and processes
5. Participate in the monitoring of local and international markets to ensure smart investment decisions
6. Maintain a close relationship with the operational back-office which handles the day-to-day payment and recon activities
7. Participate in identifying and pursuing business opportunities for investment and profit generation
8. Ensure prompt and accurate preparation of all relevant reports required;
9. Give prompt attention to breaches of limits and guidelines
10. Take part in implementing procedures and controls to ensure compliance with the country’s treasury regulations, policies, and procedures
11. Participate in reviewing and recommending changes on investment policies based on market conditions
12. Maintain good working relationships with other divisions, departments, and units as well as external stakeholders
13. Ensure compliance with all regulatory limits e.g Placement, NOP etc.
14. Up to date on best practice and regulatory changes eg Basel III
15. Performa any other related duties as may be assigned from time to time by the supervisor
Qualification, Knowledge, Experience
Essential
1. Bachelor Degree in Business Administration, Finance, Accounting, Banking or related discipline
2. Possessions of Master’s Degree will be of added advantage
3. Possession of Certified Professional Accountant(CPA), Registered with the National Board of Accountant and Auditors will be of added advantage
4. Treasury dealing qualifications
5. Minimum of eight(8) years working experience of which 4 must be in the same post in banking/financial institution
6. Strong written and oral communication skills
7. Highest degree of integrity, excellent and well developed interpersonal and organizational skills
8. Must be a team player, very self-motivated and ability to manage and prioritize workload with minimum supervision
9. Must be a computer literate
Preferred
1. Ability to interpret Central Bank Policies on Financial Regulations
2. Knowledge of treasury banking products
3. Ability to monitor financial markets and interpret developments in terms of the bank’s business
4. Ability to trade profitably in financial markets
5. Ability to undertake all treasury-dealing activities
Mode of Application
Qualifying candidates should apply in writing to or lodge their application to the address below, enclosing
1. An application letter showing how they meet the post’s requirements
2. Comprehensive curriculum vitae
3. Copies of relevant certificates and awards
4. Contact address including telephone number(s) and/or email address if available
5. Names and full addresses of three referees
Managing Director
TIB Development Bank
Mlimani City Office Park
Sam Nujoma Road, Ubungo
P.O Box 9373
Dar es Salaam
Email: md@tib.co.tz