Job Purpose
Directs and oversees all policies, strategy, objectives, and initiatives regarding foundation activities. Develops policies designed to maximize foundation funding and develops goals and strategies for all fundraising campaigns and foundation focus areas implementation. Also guides the board and organisation on strategy, inputs, outputs and outcomes.
Key Responsibilities/Accountabilities
Manages core Foundation functionality
Develops and oversees the execution of the foundation strategy.
Provides the strategic direction and guides the development of the Foundation unit strategies
Ensures effective investment in long-term versus short-term initiatives.
Keeps abreast of changes in legislation and the local environment; and foundation trends and reviews strategies accordingly as required.
Drives implementation of strategies and plans for foundation and assists in driving consistency and coordination between Foundation, Bank, Partnerships and other entities
Monitor and manage the portfolio of accelerated SMEs, ensuring they meet their quarterly targets and budgets
Set up and manage a service provider panel, and a business acceleration service for the SMMEs (alone or with a 3rd party, and may or may not include a physical space)
Oversee the day-to-day operations of the foundation, ensuring it runs effectively and its functions and objectives are achieved
Prepare annual strategies and budgets to the board, and prudently manage the foundation’s resources within those budget guidelines
Policy and procedure development (using wherever possible Stanbic Foundation’s policies and procedures)
Recruitment and management of potential entrepreneurs
Recruit partners to complement Stanbic Foundation’s contribution in terms of capital and skills, ensuring agreements are successfully concluded
Manage the Foundation budget
Manage the assets, resources and finances of the Foundation
Optimises and ensures alignment to procurement processes.
Optimises payment of expenses and ensures alignment to service level agreements with external suppliers e.g. agencies.
Operating within budget Minimise spend on other operational expenses and capex
Drive efficiencies of spend across multiple initiatives
Responsible for inspiring, motivating, leading and managing the team.
Responsible for the recruitment, development and retention of relevant skills in order to meet the business needs.
Ensures the effective selection of staff by matching the skills and competencies to the requirements of the job.
Ensures skills assessments and competency-based training takes place as and when required.
Builds organisational capabilities through evaluating likely future requirements and ensuring that individuals are provided with the best possible development opportunities in line with these.
Creates an environment in which learning, and development are emphasised and valued.
Takes personal responsibility for coaching and mentoring others.
Effectively delegates authority and responsibility, in line with business objectives, to ensure the empowerment, motivation and effectiveness of all direct and indirect reports.
Promotes a culture where the values of the group are seen to be ‘alive’
Ensures the implementation of the leadership promise and employee engagement programme.
Encourages team members to express their views, resolves issues raised by the team, escalates issues if required, and provides feedback to teams on an ongoing basis.
Develops and maintains an open communication channel with direct reports and supports staff to foster greater co-operation and teamwork.
Monitors and manages the performance and development of staff within the area. This includes regular one-on-one feedback sessions, conducting mid-year and final performance appraisals, as well as the moderation and relative distribution of all appraisals for the team.
Ensures staff are appropriately and consistently rewarded and recognised for their achievements and outputs.
Ensures that disciplinary action and grievances are addressed and aligned to policies and procedures.
Training and development of the Foundation team
Manage the risks for Foundation and ensure adherence to compliance regulations
Oversee the development of risk metrics and risk appetite threshold setting.
Drive a culture of proactive compliance.
Interact with specialist risk areas (operational risk, financial crime risk management, information security risk etc.) to ensure that business risk management requirements are addressed in all these frameworks.
Ensure that integrity, due skill, care and diligence is displayed at all times.
Observe proper standards of market conduct and act in accordance with these standards
Reputation measurement.
Ensure efficient and effective stakeholder engagement for Foundation
Maintain the foundation in good standing as a charitable organization under national and county law and preserve its tax status.
Impact measurement and reporting
Keep entrepreneur system updated with contacts and activities
As the face of the foundation, maintain the foundation’s visibility including through media, annual and quarterly reports, newsletters, fundraising letters and event flyers, press releases and other marketing and advertising materials.
Build and maintain long-term relationships with key stakeholders including donors and potential donors.
Represent, as required, the Foundation in media, PR and promotional activities
Critical success factor: Number of successful enterprises generated, and the impact thereof
Develop and present annual Country Foundation strategy to EXCO and Board for approval
Work with the Senior Manager, Brand to translate the Foundation strategy and CSI policy into actionable marketing and communication activities
Support the activities of such structures as may be established by the Board for the implementation of the CSI strategy and policy
Engage with business units and social partners to ensure the relevance and effectiveness of Foundation programmes
Take overall responsibility for existing CSI programs and provide a strategic, engagement and action framework in this regard moving forward
Ensure that the Foundation is seen as a responsive and involved citizen
Take accountability for escalating any potential reputational risks to ExCo timeously
Preferred Qualification and Experience
First Degree in Business Commerce or equivalent
Post Graduate Diploma
Masters Degree will be an added advantage
Memberships to professional bodies, is added advantage
At least 15 years’ work experience managing a small business or in a managerial position within the impact sector/world.
Experience in financial services would be beneficial
Experience in managing people
Experience in managing a budget
Keen interest in and previous experience working with entrepreneurs and start-ups
Knowledge/Technical Skills/Expertise
Ability to identify and leverage on a wide variety of partner networks (development agencies, Government, training firms, audit and consulting firms, technology companies, universities, panels of lawyers, internal stakeholders etc).
Demonstrated capacity to see the commercial application of ideas, with ability to institute processes for quick validation of concepts
Clear on impact goals and how to play in a role in delivering on SDG’s goals within the Foundation framework
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