Non-Executive Directors at FSD Africa

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Company Details
Name:FSD Africa
Industry: Non-Profit Organization Management
Description: Created in 2012, FSD Africa is a £30 million financial sector development programme or 'FSD’ based in Nairobi. It is funded by the UK Government’s Department for International Development (DFID). FSD Africa aims to reduce poverty across sub-Saharan Africa by building financial markets that are efficient, robust and inclusive. FSD Africa is a market facilitator or catalyst. It applies a combination of resources, expertise and research to address financial market failures and deliver a lasting impact. FSD Africa has a mandate to work across sub-Saharan Africa on issues that relate to both 'financial inclusion’ and 'finance for growth.’ FSD Africa is also a regional platform. It fosters collaboration, best practice transfer, economies of scale and coherence between development agencies, donors, financial institutions, practitioners and government entities with a role in financial market development in sub-Saharan Africa. In particular, FSD Africa provides strategic and operational support to the FSD Network. What is FSD Africa’s theory of change? FSD Africa has three main areas of work: Finance for all: Interventions designed to increase access to finance to empower and reduce the vulnerability of the poor. Finance for growth: Interventions designed to provide capital to investment-ready sectors to drive inclusive economic growth and reduce poverty through increased prosperity. Regional platform: Interventions designed to foster collaboration, best practice sharing and harmonisation between the FSD Network and other partners to improve effectiveness and achieve value for money. What is FSD Africa’s strategy? To provide focus and to deliver on these areas, FSD Africa’s Strategic Plan (2013-2018) structures work into four pillars. Pillar 1: Skills development and training. Interventions to increase skills, capacity and performance of financial institutions, financial sector professionals and the local services markets that support them across Africa. Pillar 2: Growth and Investment. Interventions designed to build financial markets that more efficiently mobilise and allocate capital to businesses and projects that drive inclusive economic growth. Pillar 3: Inclusive programmes. Targeted, market-building interventions in five priority areas (including agriculture finance, digital payments, savings groups, housing finance and credit markets) and launched and scaled regionally. Pillar 4: Regional platform. Products and services to build and transfer skills and knowledge across countries and between financial sector development partners, especially the FSD Network. A summary of FSD Africa’s Strategic Plan (2013-2018) can be downloaded here.
Job Description

Roles and Responsibilities of Non- Executive Directors

General Duties

  • Non-Executive Directors are expected to contribute to FSD Africa’s governance by providing independent oversight, constructive challenge and strategic input. They are not involved in day-to-day management but actively participate in Board decisions. Their influence is restricted to strategic, governance and oversight functions unless they are specifically granted authority by the Board or the Terms of Reference for Non-Executive Directors.

Legal and Fiduciary Duties

  • Non-Executive Directors are expected to adhere to the highest standards of ethical conduct and always act in the best interest of FSD Africa and its stakeholders. They must comply with statutory obligations and other applicable laws. This includes: 
  • Acting with care, diligence and skill.
  • Avoiding conflicts of interests; and Disclosing any material interests in transactions involving the company.

Strategic Oversight

  • Non-Executive Directors are responsible for helping to formulate and review FSD 
  • Africa’s strategy and for holding the executive accountable for implementing the strategy.
  • Risk Management and Compliance
  • Non-Executive Directors are essential in ensuring that FSD Africa adheres to sound risk management practices, regulatory requirements, and internal controls. They are expected to contribute to identifying and addressing potential risks to the respective company’s operations. 
  • Ethical and Effective Leadership
  • Non-Executive Directors must contribute to FSD Africa’s corporate culture by fostering ethical decision-making and effective leadership, ensuring that each 

 

Salary: Discuss During Interview
Education: Diploma, High/Secondary School
Employment Type: Full Time

Key Skills

projectmanagement 
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