Non-Executive Director at DCB Commercial Bank

DCB Overview: DCB is a fully-fledged retail and commercial bank in Tanzania, offering banking services to individuals, small to medium-sized businesses, as well as large corporate clients. The bank has a network of branches, Wakala Agents, and ATMs serving over 3 million customers across the country. DCB was listed on the Dar es Salaam Stock Exchange in 2008.

Key Duties and Responsibilities

• Providing effective leadership in collaboration with the management team.
• Facilitating setting up of appropriate corporate governance structures for managing bank operations.
• Reviewing, setting up, and approving corporate governance structures and significant expenditures proposed by the management.
• Ensuring key strategic risks are identified and mitigated with effective internal controls.
• Monitoring corporate performance to evaluate strategic implementation and oversight of operating results.
• Reviewing and approving material transactions not in the ordinary course of activities at the bank.
• Reporting annually to shareholders as required by DCB’s Memorandum and Articles of Association.
• Selecting, monitoring, evaluating performance, and compensating executive management level positions.
• Ensuring ethical behavior and compliance with laws, regulations, auditing, accounting principles, and company's governing documents.
• Assessing board effectiveness in fulfilling responsibilities as prescribed by Bank of Tanzania and Capital Markets and Securities Authority.

Person Specifications

• A bachelor’s degree in banking and finance, economics, audit, business development, law, human resources, or related fields. A postgraduate qualification is an added advantage.
• At least 10 years’ experience as a director in medium to large size businesses with a proven track record of effective organizational transformation.
• More than 3 years’ experience as a board member and on a board committee. Experience with a listed company is an added advantage.
• A thorough understanding of financial management, regulatory compliance, board management, and investment acumen. Banking and regulatory experience are additional assets.
• Highly networked individual capable of building and maintaining beneficial relationships for the organization.
• No current member of management or board of a financial institution with revoked licenses or in liquidation.
• No criminal record, history of bankruptcy (including related parties), and clean credit records are mandatory.

If you meet these criteria, please submit your application to boardssecretary@dcb.co.tz quoting reference number DCB-NED/01/2026. Submissions must be completed by Friday 27th March 2026. Hard copy applications will not be accepted.