Job Summary
- Type: contract
- Location: Gaborone
- Category: Banking & Finance
- Closing Date: 2026-08-28
Key Responsibilities
- serve as an Independent Trustee on the Board of Trustees of the Fund
- add depth, expertise, and diversity to the Fund’s Board of Trustees in carrying out its fiduciary responsibilities on behalf of its members
Requirements
- The candidate should be an individual who is not an employee of Minet Botswana, its subsidiaries/related entities or any service provider to the Fund.
- The candidate should have an investment management background and expertise with practical working experience in the fund management industry. This should be an individual who is presently not tied directly or indirectly to a local asset management firm.
- A degree in Finance/investments, actuarial science or risk management supported by at least
- 5 years practical experience within the financial services environment/investments. Well versed in pension fund and legislative issues
- The individual must be of good standing to be approved by the Regulatory Authority (NBFIRA) to be a Controller of a Retirement Fund.
- Experience in infrastructure funds, and ESG investing would be an added advantage
How to Apply
Frequently Asked Questions
What are the typical qualifications and certifications required for an Independent Trustee role for a Pension Fund in Botswana?
Candidates typically need a strong background in finance, law, or investment management, often with a relevant degree. Essential qualifications include a deep understanding of pension fund regulations, corporate governance, and fiduciary duties as mandated by NBFIRA in Botswana. Many successful trustees also hold professional certifications in financial planning, investment, or trust administration.
What are the common responsibilities and time commitments for an Independent Trustee of a Pension Fund in Botswana?
Independent Trustees are primarily responsible for ensuring the fund's assets are managed prudently, complying with NBFIRA regulations, and acting in the best interests of beneficiaries. This role typically involves attending regular board meetings, reviewing investment performance, approving strategic decisions, and overseeing fund administrators and service providers. The time commitment is usually part-time, focused on scheduled meetings and necessary preparatory work.
What kind of work culture and expectations should an Independent Trustee expect within the financial sector in Botswana?
The work culture for an Independent Trustee in Botswana's financial sector emphasizes professionalism, integrity, and strict adherence to governance principles. Trustees are expected to exercise independent judgment, maintain impartiality, and demonstrate a strong commitment to regulatory compliance and ethical conduct. Meetings are typically formal, requiring thorough preparation and active participation.
What kind of compensation can an Independent Trustee typically expect for this type of role in Botswana?
An Independent Trustee role is generally a remunerated non-executive position rather than a full-time salaried employment. Compensation is typically structured as an annual retainer fee or a fee per meeting attended. The specific amount can vary significantly based on the size and complexity of the pension fund, as well as the trustee's experience and expertise.
What is the typical application process for an Independent Trustee role in Botswana, and what key qualities do employers look for?
The application process usually involves submitting a detailed CV outlining relevant experience in finance, law, or corporate governance, along with demonstrating a clean record. Employers in Botswana look for candidates with proven independence, strong ethical values, a deep understanding of pension fund legislation, and excellent analytical and decision-making skills. Interview stages will often assess the candidate's commitment to fiduciary responsibility and ability to contribute strategically.