Bank of Baroda (Botswana) Ltd., a subsidiary of Bank Baroda (India), invites applications for suitably qualified and experienced individuals for the position of Chief Finance Officer (CFO).
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Finance
- Closing Date: 2026-08-31
Key Responsibilities
- Process of recruitment: Interview
- Remuneration: Negotiable as per qualification and experience of candidate
- Appointment: Subject to regulatory clearance
Requirements
- Nationality: Motswana
- Qualification: A minimum of degree in Finance or its equivalent
- Work experience: Minimum 3 years prior work experience in Banking
- Computer knowledge: Excellent knowledge and skill on computer operations such as MS Word, Windows, MS Office, Excel, and Internet
- Key competencies: Fluent in English, working knowledge of IFRS, tax compliance, emerging taxation matters, reporting standards, analytical and detail-oriented, resilience, good understanding of accounting and financial techniques, statistical and data analysis methods, proactive, result-oriented, and business acumen
How to Apply
Apply by email: hrm.botswana@bankofbaroda.com, ho.botswana@bankofbaroda.com
Address: Postal Address: PO Box 216ADD Postnet, KagaleView, Gaborone
Physical Address: Plot-14456, Kamoshungo Road, Nokia Circle, G-west Industrial, Gaborone
Address: Postal Address: PO Box 216ADD Postnet, KagaleView, Gaborone
Physical Address: Plot-14456, Kamoshungo Road, Nokia Circle, G-west Industrial, Gaborone
About the Company
Bank of Baroda (Botswana) Ltd. has been a prominent financial institution in Botswana since its establishment in 2008. As a subsidiary of the global Bank of Baroda, it offers a full spectrum of banking and financial services to retail customers, corporate entities, and small to medium-sized enterprises (SMEs) across the country. With key operational branches located in Gaborone and Francistown, the bank plays an active role in Botswana's economic landscape, providing essential services like trade finance, treasury operations, and accessible credit facilities. Regulated by the Bank of Botswana, it delivers secure, modern, and locally tailored banking solutions, contributing to the nation's financial inclusion and growth.
Empowering Botswana with comprehensive banking solutions.
Frequently Asked Questions
What qualifications and certifications are typically required for a CFO role in Botswana’s banking sector?
A minimum of a Bachelor’s degree in Finance, Accounting, or Business Administration is required, with most employers preferring a Master’s degree or professional certification such as ACCA, CIMA, or CA (Botswana Institute of Accountants accredited). The Bank of Botswana and local banks also expect candidates to hold relevant experience in financial regulation compliance under the Banking Act and adherence to Botswana’s Financial Intelligence Act.
What are the typical day-to-day responsibilities of a CFO at a commercial bank in Botswana?
The CFO oversees financial reporting, budgeting, treasury management, and regulatory submissions to the Bank of Botswana and Botswana Unified Revenue Service. They lead internal audit coordination, manage relationships with external auditors, and ensure compliance with IFRS, BCB guidelines, and local tax legislation — all while supporting strategic decision-making with real-time financial insights.
How does the work culture and leadership expectations for CFOs differ in Botswana compared to other countries?
CFOs in Botswana are expected to operate with high integrity and visible accountability, reflecting national values of *Botho* (respect and responsibility) in stakeholder engagement. Decision-making often involves consensus-building with senior management and board members, and fluency in local context — including understanding of Botswana’s economic priorities like diversification and financial inclusion — is highly valued.
What career progression paths are realistic for a CFO in Botswana’s financial sector?
A CFO may progress to Group Executive roles within regional banking networks, serve on statutory boards (e.g., Botswana Stock Exchange or National Development Bank), or transition into public sector finance leadership such as Director of Finance in government ministries. Continued professional development through BoBA-accredited training and active participation in the Botswana Institute of Bankers is widely seen as essential for advancement.
What benefits — such as leave, medical aid, and pension — are typically offered to senior finance executives in Botswana banks?
Senior executives usually receive 30 days’ annual leave, comprehensive private medical aid covering dependents, and mandatory membership in the Botswana Public Officers Pension Fund (or an approved private pension scheme). Many banks also offer housing allowances, education allowances for children, and performance-based bonuses aligned with Bank of Botswana’s prudential guidelines.
How should I apply for a CFO position in Botswana, and what do employers specifically look for in candidates?
Applications must be submitted via the bank’s official portal or email, accompanied by a CV highlighting Botswana-specific regulatory experience, BCB reporting history, and evidence of ethical leadership. Employers prioritise candidates with proven track record in local financial governance, familiarity with Botswana’s anti-money laundering framework, and strong references from locally regulated institutions.