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Managing Director - West Africa

Open 30d

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

See also

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