The senior leadership position responsible for overseeing the authorisation and prudential supervision of banking institutions operating within the VFIFC. The incumbent will play a pivotal role in the design and implementation of a robust, risk-based supervisory framework, constituting a critical pillar in the establishment of the Centre’s regulatory architecture.
Job Summary
- Type: full-time
- Location: Victoria Falls
- Category: Banking
- Closing Date: 2026-05-12
Key Responsibilities
- Lead the licensing and authorisation of banking institutions
- Establish and implement a risk-based prudential supervision framework
- Monitor capital adequacy, liquidity, and risk exposures
- Conduct supervisory reviews, inspections, and enforcement actions
- Contribute to regulatory development aligned with international standards
- Engage with local and international stakeholders
Requirements
- Bachelor’s degree in Finance, Economics, Banking, Accounting, Law, or related field
- 10-15 years’ experience in banking supervision, regulation, or senior banking roles
- Postgraduate qualification (MBA, MSc or equivalent) is preferred
- Professional certifications (CFA, FRM, ACCA, CA) is an added advantage
- Strong knowledge of Basel II/III frameworks
- Proven experience in licensing and supervision
- Experience in a central bank or an international financial centre is preferred
How to Apply
About the Company
The Victoria Falls International Financial Centre (VFIFC) is a strategic initiative established within Zimbabwe's Victoria Falls Special Economic Zone. It aims to position Victoria Falls as a competitive financial hub, attracting foreign direct investment and facilitating offshore financial services. Governed under the framework of the Zimbabwe Investment and Development Agency (ZIDA), the VFIFC offers a conducive regulatory environment and various incentives for banking, asset management, insurance, and capital markets. Its primary objective is to drive economic growth, create employment opportunities, and enhance Zimbabwe's integration into the global financial landscape.
Zimbabwe's premier gateway for international finance and investment.
Frequently Asked Questions
What are the typical qualifications and certifications required for a Head of Banking Supervision role in Zimbabwe?
This senior role typically requires a Master's degree in Finance, Economics, Banking, or a related field, often coupled with professional certifications like CFA or relevant regulatory accreditations. Extensive experience in banking regulation, risk management, or central bank supervision, usually 10+ years, is crucial for this level of responsibility within the Zimbabwean financial sector.
What are the common day-to-day responsibilities for a Head of Banking Supervision focusing on prudential regulation?
Day-to-day involves overseeing the implementation of prudential frameworks, leading teams in supervising financial institutions, and conducting risk assessments. You'll engage with senior bank management, interpret regulatory policies, and ensure compliance to maintain financial stability within the VFIFC.
What is the typical work culture and what are the expectations for a senior regulatory role in Zimbabwe, especially within the new VFIFC?
The work culture for senior roles in Zimbabwe emphasizes professionalism, integrity, and strong interpersonal skills for stakeholder engagement. Expect a commitment to continuous learning given the evolving regulatory landscape of a new international financial centre, requiring adaptability and proactive engagement with both local and international standards.
What are the realistic career progression or growth paths for a Head of Banking Supervision in Zimbabwe?
Successful performance in this role can lead to opportunities within the central bank, higher-level roles in financial sector regulation, or consultancy for international financial institutions. Given the VFIFC's development, there may also be growth into broader financial sector oversight roles within the centre itself, or even regional regulatory bodies.
What typical benefits can a job seeker expect for a senior role like Head of Banking Supervision in Zimbabwe?
Senior roles in Zimbabwe typically offer a comprehensive benefits package, including robust medical aid for the employee and dependants, a company pension scheme, and generous leave allowances. Other benefits might include a company vehicle or housing allowance, reflecting the level of responsibility and the importance of attracting top talent to the VFIFC.
What should applicants focus on in their application and what do employers in Zimbabwe typically look for in candidates for this senior regulatory position?
Emphasize your extensive experience in financial regulation, leadership capabilities, and any exposure to international financial standards. Employers seek proven track records of sound judgment, strategic thinking, and the ability to navigate complex regulatory environments specific to Zimbabwe's financial sector and a developing international financial centre.