VACANCY ANNOUNCEMENT

Managing Director – People’s Bank of Zanzibar (PBZ)

On behalf of our client, the Ministry of Finance and Planning of the Revolutionary Government of Zanzibar, we invite applications from suitably qualified candidates for the position of Managing Director of People’s Bank of Zanzibar (PBZ).

Position Details

Item	Details
Position Title	Managing Director
Employment Type	Full-Time
Reporting To	Board of Directors
Location	Zanzibar, Tanzania

Position Overview

The Managing Director will provide strategic leadership and executive management of the institution, ensuring sustainable growth, profitability, regulatory compliance, operational excellence, and effective stakeholder engagement.

The successful candidate will be responsible for driving the institution’s strategic agenda while maintaining sound governance, risk management, and customer-focused service delivery.

Key Responsibilities

The Managing Director shall be responsible for, among others:

Serving as the Chief Executive Officer and principal spokesperson of the institution.
Providing strategic leadership and ensuring effective implementation of the institution’s vision, mission, business strategy, and Board directives.
Developing and maintaining organizational policies, systems, and a corporate culture that promotes employee engagement, customer satisfaction, operational excellence, and stakeholder confidence.
Reviewing the adequacy and effectiveness of policies, procedures, rules, and operational standards and making recommendations to the Board for improvement.
Overseeing recruitment, appointments, staff transfers, disciplinary actions, and separations in accordance with applicable labour laws, organizational policies, and human resource regulations.
Monitoring employee performance and ensuring implementation of staff development, succession planning, and capacity-building initiatives.
Approving training and professional development programmes to enhance institutional performance and service delivery.
Ensuring efficient management and optimal utilization of organizational resources to achieve strategic objectives approved by the Board.
Overseeing daily operations and ensuring compliance with all applicable banking, financial, regulatory, and prudential requirements.
Providing oversight on credit management activities in accordance with approved credit policies and risk management frameworks.
Chairing Management Committee meetings and ensuring effective execution of management decisions.
Promoting a culture of excellence, accountability, innovation, and customer-centric service delivery.
Leading business development initiatives, strengthening customer relationships, and enhancing the institution’s market presence.
Ensuring effective security, business continuity, and risk management systems for safeguarding institutional assets and personnel.
Maintaining productive relationships with regulatory authorities, government institutions, financial sector stakeholders, development partners, and other relevant entities.
Representing the institution in official meetings, conferences, and stakeholder engagements.
Advising the Board on organizational performance and ensuring implementation of Board resolutions and recommendations.
Monitoring implementation of recommendations arising from internal audits, external audits, regulatory examinations, and Board directives.
Performing any other duties as may be assigned by the Board of Directors from time to time.

Qualifications and Experience

Applicants must possess:

A Master’s Degree in Commerce, Economics, Business Administration, Banking, Finance, or another related commercial discipline from a recognized institution.
A minimum of fifteen (15) years of relevant work experience, with at least five (5) years served at a senior executive or C-Suite level within a commercial organization, preferably in the banking or financial services sector.
Demonstrated knowledge of:
- Banking operations
- Corporate governance
- Financial management
- Strategic planning
- Risk management
- Organizational leadership
Strong understanding of the legal and regulatory framework governing financial institutions.

Required Competencies

The ideal candidate should demonstrate:

Exceptional leadership and strategic management capabilities.
Strong business development and organizational growth experience.
Excellent decision-making and problem-solving skills.
High standards of integrity, professionalism, and ethical conduct.
Strong interpersonal, communication, negotiation, and stakeholder management skills.
Proven ability to motivate teams, build high-performance cultures, and drive organizational change.
Strong administrative and organizational skills.
Sound knowledge of computer applications and digital business environments.

Remuneration

An attractive remuneration package and benefits, commensurate with the position and qualifications of the successful candidate, will be offered.

Equal Opportunity Statement

Our client is an equal opportunity employer. Qualified candidates are encouraged to apply regardless of gender, age, disability, religion, or ethnic background.

Selection will be based solely on merit, competence, and suitability for the role.

Application Procedure

Interested candidates should submit:

A detailed Curriculum Vitae (CV).
Certified copies of academic and professional certificates.
Contact details of three professional referees.
A cover letter outlining their suitability for the position.

Submission

Applications should be submitted via email to:

careers@bakertilly.co.tz

Application Deadline

📅 30 June 2026
🕔 17:00 Hours (EAT)

Important Note

Only shortlisted candidates will be contacted.

The Recruitment Agency and its client reserve the right not to make any appointment following this advertisement.

To apply for this job email your details to careers@bakertilly.co.tz

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