Responsible for senior level decision making, day to day management, strategic direction and high level technical advice to policy makers for the regulation of the Retirement Funds sector
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Finance
- Closing Date: 2026-05-24
Key Responsibilities
- Responsible for senior level decision making, day to day management, strategic direction and high level technical advice to policy makers for the regulation of the Retirement Funds sector
Requirements
- At least a Master’s in Economics, Statistics, Mathematics, Actuarial Science, Accounting, Legal, Finance, Business Management or related field from a recognised institution.
- Relevant professional certifications will be an added advantage (e.g. Fellow of the Insurance Institute, Chartered Insurer, CFA, CPA, CIMA, FRM, or equivalent).
- Membership of a professional and internationally recognised institute will be an added advantage.
- At least 12 years of experience post-qualification in regulation of financial sector, preferably with focus on the relevant sub-sector.
- This must include a minimum of 3 – 4 years in a senior management position.
- Experiential knowledge of licensing, supervision and enforcement activities
- Procedures, processes, best practices in regulation of the sub-sector
- Use of risk profiling tools and methodologies (including RBSS)
- Acts governing the sub-sector
- Proficient in the use of computers and software relevant to the position.
- Strong conceptual and practical problem-solving skills, with sound judgement and decisive decision-making.
- Resilient, self-motivated and able to maintain quality under pressure and tight deadlines.
- Strong people leadership, emotional intelligence and interpersonal skills to develop, motivate and empower teams.
- Organisational awareness and stakeholder management skills to influence and drive outcomes across NBFIRA.
- Innovation mindset-challenges conventional approaches and drives continuous improvement.
- Sound planning and resource management skills, including budget management and working knowledge of financial principles.
How to Apply
Interested candidates who meet the requirements are invited to submit;
Applications, CV, certified copies of their academic qualifications.
The names of and contact details of two referees (2) who know you in a capacity to comment on your suitability for the position applied for. One of the referees should be either your current or previous employer.
Preference will be given to qualifying citizen applicants. Further, kindly note that only shortlisted applicants will be responded to.
All applications referencing the positions applied for should be sent to the following email address: recruitment@nbfira.org.bw
The Authority will process your personal data solely for recruitment purposes in accordance with the Privacy Policy on our website. Should you wish to access, correct, or delete your personal data, contact us on the above email.
Closing date of applications is on May 24, 2026 at latest by 17:00hrs.
Applications, CV, certified copies of their academic qualifications.
The names of and contact details of two referees (2) who know you in a capacity to comment on your suitability for the position applied for. One of the referees should be either your current or previous employer.
Preference will be given to qualifying citizen applicants. Further, kindly note that only shortlisted applicants will be responded to.
All applications referencing the positions applied for should be sent to the following email address: recruitment@nbfira.org.bw
The Authority will process your personal data solely for recruitment purposes in accordance with the Privacy Policy on our website. Should you wish to access, correct, or delete your personal data, contact us on the above email.
Closing date of applications is on May 24, 2026 at latest by 17:00hrs.
Frequently Asked Questions
What qualifications and experience are typically required for a Director – Retirement Funds role at a regulatory body in Botswana?
Candidates usually need a Master's degree in Finance, Economics, Law, or a related field, coupled with extensive senior-level experience in retirement funds management or financial regulation. Professional certifications such as CFA, actuarial qualifications, or legal professional accreditations are highly advantageous. Demonstrated leadership in policy development and compliance oversight within the financial sector is also crucial.
What are the common day-to-day responsibilities of a Director – Retirement Funds at a regulatory authority like NBFIRA?
The role primarily involves overseeing the regulatory framework for retirement funds, ensuring compliance, and protecting beneficiaries' interests. Daily activities include leading a team, developing and implementing regulatory policies, conducting stakeholder engagements, and monitoring the performance and governance of regulated entities. This also includes addressing complex issues and providing expert guidance on retirement fund matters.
What is the typical work culture and professional expectation within a regulatory authority in Botswana?
Work culture in Botswana's regulatory bodies emphasizes professionalism, adherence to public service ethics, and strict compliance with national financial regulations. There is a strong focus on structured decision-making, collaboration with other government entities, and ensuring transparency and accountability in all operations. Expectations include meticulous attention to detail, ethical conduct, and a commitment to protecting public interest.
What are the realistic career progression paths for a Director of Retirement Funds within Botswana's regulatory or financial sector?
A Director in this role could progress to higher executive leadership positions within the regulatory authority itself, such as Deputy CEO or CEO. Opportunities also exist for transition into senior advisory roles in other parastatals, government ministries, or even prominent financial institutions in the private sector. The expertise gained is highly valued in areas like policy advocacy, financial consultancy, or international development organizations.
What typical benefits, such as leave, medical aid, and pension, can be expected for a senior role like Director at a regulatory authority in Botswana?
Senior roles in Botswana's parastatals and regulatory bodies typically offer a comprehensive benefits package, including generous annual leave allowances and robust medical aid schemes. A defined contribution or similar pension fund structure is usually provided, along with other potential benefits like housing allowances or professional development support. These packages are designed to attract and retain highly skilled professionals.