The Independent Trustee will work with the Board of Trustees to achieve the Fund’s strategic objectives and actively participate in Board and Committee meetings, contributing innovative ideas that support sustainable long-term results for members.
Job Summary
- Type: contract
- Location: Gaborone
- Category: Governance
- Closing Date: 2026-09-17
Key Responsibilities
- The Independent Trustee will work with the Board of Trustees to achieve the Fund’s strategic objectives and actively participate in Board and Committee meetings, contributing innovative ideas that support sustainable long-term results for members.
Requirements
- The candidate must not be an employee of the Fund, its subsidiaries or related entities, or a service provider to the Fund. The candidate must not serve as an Independent Trustee on more than three (3) Funds at a time or carry on business or work that may create a conflict of interest.
- A bachelor’s degree, preferably a master’s degree, in Investment Management, Actuarial Science, Risk Management, or an equivalent qualification such as Chartered Financial Analyst or Fellow Risk Management.
- At least ten (10) years’ managerial experience in the financial services sector, preferably specific experience in the retirement funds sector.
- Sound knowledge of corporate governance, investment, risk management, pensions and/or insurance.
- Ability to understand strategic issues and accept the legal duties, liabilities and responsibilities of a Trustee.
- Knowledge of the NBFIRA Act, Retirement Funds Act, Trust Act, Financial services laws, and other relevant legislation.
- Must be of good standing and eligible for approval by NBFIRA as a Trustee.
- Previous Board membership and trusteeship experience will be an added advantage.
How to Apply
About the Company
The Botswana Public Officers Pension Fund (BPOPF) is a statutory pension fund established under the Public Officers Pension Fund Act of 1996 in Botswana. It administers retirement benefits for current and former civil servants, teachers, police, and other public officers employed by the Government of Botswana. Headquartered in Gaborone, BPOPF operates exclusively within Botswana and is regulated by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana. The fund invests contributions to ensure long-term sustainability and pays out pensions, gratuities, and survivor benefits in accordance with Botswana law.
Managing pensions for Botswana's public officers
Frequently Asked Questions
What qualifications are typically required for an Independent Trustee role at the Botswana Public Officers Pension Fund?
Typically a bachelor's degree in finance, law, actuarial science, or a related field is required. Professional certifications such as CFA, CPA, or Trustee qualifications are advantageous. Experience in pension fund governance or public sector finance is often expected.
What are the common day-to-day responsibilities of an Independent Trustee in Botswana?
Reviewing investment strategies, ensuring compliance with the BPOPF Act and regulations, attending trustee meetings, monitoring fund performance, and liaising with actuaries and auditors. You also participate in risk management and member communication initiatives. The role requires diligent record‑keeping and reporting to the Minister of Finance and stakeholders.
What is the typical work culture and expectations for this role in Botswana?
The environment is formal yet collaborative, with a strong emphasis on integrity, transparency, and accountability. Trustees are expected to uphold high ethical standards and act in the best interests of fund members. Punctuality, respect for hierarchical structures, and willingness to engage in continuous professional development are valued.
What career progression or growth paths can an Independent Trustee expect?
Serving as an Independent Trustee can lead to senior governance roles such as Chair of the Trustee Board, advisory positions in other public sector funds, or consultancy work in pension and investment management. Many trustees also pursue further qualifications like advanced actuarial exams or governance certifications to enhance their expertise. Experience gained is highly regarded for roles in financial regulation or corporate governance.
What typical benefits are offered for an Independent Trustee position in Botswana?
Benefits usually include paid annual leave, sick leave, and public holidays in line with Botswana public sector standards. Medical aid contributions or access to government health schemes are commonly provided. Trustees may also receive a pension or gratuity scheme and reimbursement for reasonable expenses incurred while performing duties.
How should a job seeker apply for an Independent Trustee role and what do selectors look for?
Applications are typically submitted through the BPOPF’s official recruitment portal or via advertisements in local newspapers and the Public Service Commission website. Candidates should provide a detailed CV, certified copies of qualifications, and a cover letter highlighting relevant governance experience. Selectors look for demonstrated independence, expertise in pension fund management, and a clear commitment to ethical stewardship.