Co-operative Bank Hiring Chief Executive Officer

Job Profile and Purpose

Reporting to the Board of Directors, this position is directly accountable for providing visionary leadership, setting strategy and direction, modelling the institution’s culture and values, leading business development and expansion initiatives and guiding the overall operations of the Sacco to ensure sustained growth and success.

Key Responsibilities

1. Providing visionary and strategic leadership in the development of the Sacco.
2. Setting strategy and giving direction on execution of plans in furtherance of the defined vision, mission, purpose and objectives for sustained growth and success.
3. Spearheading new initiatives and overall business development across various segments for sustained growth of the institution.
4. Foster a customer-centric culture to enhance member satisfaction and loyalty.
5. Build and maintain strong relationships with stakeholders, including members, employees, and regulatory bodies.
6. Develop and provide high-quality products and efficient and value-adding services to members so as to enhance market share and revenue command of the Sacco.
7. Identify and pursue new business opportunities to expand our services and reach.
8. Overseeing the complete, sound and effective operations of the institution in accordance with the direction established in the strategic plan, regulations and policies.
9. Develop and implement policies and procedures that run the Sacco affairs efficiently and effectively.
10. Establishing and maintaining strategic partnerships as well as internal and external relationships.
11. Be responsible for the management, development & maintenance of high-performance teams by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members.
12. Ensure compliance with all statutory and regulatory requirements of the Sacco & be able to propose changes to the board such as Sacco acts, rules, by-laws, SASRA act, and cooperative rules.
13. Reporting to and advising the Board of Directors on execution of strategies and plans as well as overall operations and management of the Sacco.

Qualifications & Experience

• A bachelor’s degree, preferably in a cooperatives management, business, finance or marketing related fields.
• A master’s degree in a relevant field will be an added advantage.
• At least five years of experience as CEO or in a senior managerial role and 8 years in a financial institution.
• Demonstrated success in driving growth and improving organizational performance.
• Sound knowledge of deposit-taking Saccos’ regulations and the regulator’s (SASRA) guidelines on deposit-taking Saccos.
• Knowledge of the Sacco business model & other operational issues of the Sacco.
• Good analytical, communication, and writing skills.
• Change agent – introducing and implementing institutional changes and installing organizational development programs regarding SACCO matters.

• Impeccable integrity and commitment to ethical values and standards.
• Capability for visionary leadership Human Resources development.
• Capability in strategy formulation and execution, change management and performance management.
• Ability to motivate and mentor teams.
• Excellent organization and interpersonal skills.
• Entrepreneurial awareness and strategic thinking skills.

How to apply

Interested and qualified applicants are requested to click on the link below and fill out the online application form and submit by
21^st March 2025. Any applications received after the closing date shall not be accepted.

Only shortlisted candidates will be contacted. If you do not hear from us by 31^st March 2025 consider your application as unsuccessful.

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