Managing Director - West Africa
Summary
Leads AGF West Africa’s operations, strategy, and growth while ensuring compliance with regional financial regulations and reporting to the Board of Directors.
About AGF:
The African Guarantee Fund for Small and Medium Enterprises (AGF) is a
Pan-African non-bank financial institution. AGF contributes to the promotion of
economic development, vital for the prosperity, stability and poverty reduction
in Africa through provision of a mix of financial guarantees and other products
which will reduce the risks supported by financial sector lending to SMEs that
have insufficient collateral and support for capacity development of the client
financial institutions. AGF West Africa is a wholly owned AGF subsidiary. This
is the result of the 2015 acquisition of GARI Fund as part of its development
strategy to strengthen its presence in West Africa.
About the role:
The Managing Director reports to the Board of Directors of AGF West Africa
from which he/she holds his/her mandate and is responsible for the technical,
financial, and administrative management of the Fund and represents it before
third parties. The main duties will be to implement AGF Group strategies to
achieve the set goals and objectives and to assist the Board in fulfilling its
governance function.
- Conducts
the activities of the Fund following the legal and regulatory
provisions in force, the Fund's Articles of Association, the Internal
Regulations, the main guidelines defined by the Board of Directors, and the
internal management procedures of the Fund.
- Take
overall responsibility for the day-to-day running of the business and provide
direction and leadership to the subsidiary to carry out the AGF West Africa mission, vision, and strategy, and achieve the annual targets.
- Lead
the continuous development of the AGF West Africa business, including its
geographical outreach and product development.
- Conduct
the AGF business so as to ensure the planned growth of the business while
providing a sound return on investment in observance of the risk strategy set
out by the Board.
- Forge
strategically important partnerships with other actors in and outside Africa
and act as the key ambassador for AGF West Africa in its relations with
external stakeholders by developing a network of strategic partners to
strengthen the capacities of banks and SMEs.
- Coordinate
and manage the human capital towards achieving a high-performance system of
operation, which will include but not be limited to staff recruitment, drafting
of operating procedures, and creating a conducive working environment.
- Work closely with the Group
functional hierarchy to support the AGF West Africa team in the attainment of their
targets.
- Prepare the annual Budget of
the subsidiary and report to the Board of Directors from which he/she holds
his/her delegation, during its quarterly sessions, to ensure that they are well
informed at all times and have a good knowledge of the activities and operation
of the Fund.
- Statutory compliance and
financial reporting in line with the Laws governing financial institutions in
West Africa.
- Ensures compliance with
statutory requirements as well as the Fund policies by working in liaison with
the group hierarchy, Auditors, and Co-Auditors in auditing the Fund's accounts.
- Market AGF West Africa following the marketing strategy and ensure that AGF
- Group,
its mission, products, and services are consistently given a strong positive
image vis-à- vis potential customers and relevant stakeholders
Requirements
Academic Qualifications
- Master’s degree in finance, Business,
Economics or other related fields.
- Minimum 10 years of experience in the
financial sector, with evidence of growing expertise in banking and non-banking
financial institutions and finance related disciplines; 7 years in a senior
management leadership role.
- Bilingual with excellence in both English and
French language
Skills, Knowledge and Experience
- Demonstrated ability to perform executive
functions in a busy organisation.
- Experience in reporting and compliance to
laws governing WAEMU Financial Institutions.
- Demonstrated ability to interact
constructively with and establish close relations with a Board consisting of
individuals with a diverse international background, based on a high level of
trust and transparency in all matters.
- Strong skills in evaluation of risk and
ability to anticipate short and long-term implications of decisions.
- Strong technical understanding of the
guarantee products, including their business and development potential in an
African context.
- Ability to travel frequently across ECOWAS countries and Mauritania
- Comprehensive knowledge and working
experience with the African Financial sector; experience working for a Group of
companies is an advantage.
- Experience
working with donor agencies (bilateral and multilateral) and as well as private
sector.
- Strong leadership skills and ability to lead and motivate staff.
- Strategic and analytical mindset and demonstrated ability to translate vision
and strategic thinking into action.
- Demonstrated ability to build partnerships and to present and win support for
ideas.
- Good communication and representation
skills.
Benefits
Competitive salary and benefits