Directs and oversees all policies, strategy, objectives, and initiatives regarding foundation activities. Develops policies designed to maximize foundation funding and develops goals and strategies for all fundraising campaigns and foundation focus areas implementation. Also guides the board and organisation on strategy, inputs, outputs and outcomes.
Key Responsibilities/Accountabilities
Manages core Foundation functionality
• Develops and oversees the execution of the foundation strategy.
• Provides the strategic direction and guides the development of the Foundation unit strategies
• Ensures effective investment in long-term versus short-term initiatives.
• Keeps abreast of changes in legislation and the local environment; and foundation trends and reviews strategies accordingly as required.
• Drives implementation of strategies and plans for foundation and assists in driving consistency and coordination between Foundation, Bank, Partnerships and other entities
• Monitor and manage the portfolio of accelerated SMEs, ensuring they meet their quarterly targets and budgets
• Set up and manage a service provider panel, and a business acceleration service for the SMMEs (alone or with a 3rd party, and may or may not include a physical space)
• Oversee the day-to-day operations of the foundation, ensuring it runs effectively and its functions and objectives are achieved
• Prepare annual strategies and budgets to the board, and prudently manage the foundation’s resources within those budget guidelines
• Policy and procedure development (using wherever possible Stanbic Foundation’s policies and procedures)
• Recruitment and management of potential entrepreneurs
• Recruit partners to complement Stanbic Foundation’s contribution in terms of capital and skills, ensuring agreements are successfully concluded
Manage the Foundation budget
• Manage the assets, resources and finances of the Foundation
• Optimises and ensures alignment to procurement processes.
• Optimises payment of expenses and ensures alignment to service level agreements with external suppliers e.g. agencies.
• Operating within budget Minimise spend on other operational expenses and capex
• Drive efficiencies of spend across multiple initiatives
Responsible for inspiring, motivating, leading and managing the team.
• Responsible for the recruitment, development and retention of relevant skills in order to meet the business needs.
• Ensures the effective selection of staff by matching the skills and competencies to the requirements of the job.
• Ensures skills assessments and competency-based training takes place as and when required.
• Builds organisational capabilities through evaluating likely future requirements and ensuring that individuals are provided with the best possible development opportunities in line with these.
• Creates an environment in which learning, and development are emphasised and valued.
• Takes personal responsibility for coaching and mentoring others.
• Effectively delegates authority and responsibility, in line with business objectives, to ensure the empowerment, motivation and effectiveness of all direct and indirect reports.
• Promotes a culture where the values of the group are seen to be ‘alive’
• Ensures the implementation of the leadership promise and employee engagement programme.
• Encourages team members to express their views, resolves issues raised by the team, escalates issues if required, and provides feedback to teams on an ongoing basis.
• Develops and maintains an open communication channel with direct reports and supports staff to foster greater co-operation and teamwork.
• Monitors and manages the performance and development of staff within the area. This includes regular one-on-one feedback sessions, conducting mid-year and final performance appraisals, as well as the moderation and relative distribution of all appraisals for the team.
• Ensures staff are appropriately and consistently rewarded and recognised for their achievements and outputs.
• Ensures that disciplinary action and grievances are addressed and aligned to policies and procedures.
• Training and development of the Foundation team
Manage the risks for Foundation and ensure adherence to compliance regulations
• Oversee the development of risk metrics and risk appetite threshold setting.
• Drive a culture of proactive compliance.
• Interact with specialist risk areas (operational risk, financial crime risk management, information security risk etc.) to ensure that business risk management requirements are addressed in all these frameworks.
• Ensure that integrity, due skill, care and diligence is displayed at all times.
• Observe proper standards of market conduct and act in accordance with these standards
• Reputation measurement.
Ensure efficient and effective stakeholder engagement for Foundation
• Maintain the foundation in good standing as a charitable organization under national and county law and preserve its tax status.
• Impact measurement and reporting
• Keep entrepreneur system updated with contacts and activities
• As the face of the foundation, maintain the foundation’s visibility including through media, annual and quarterly reports, newsletters, fundraising letters and event flyers, press releases and other marketing and advertising materials.
• Build and maintain long-term relationships with key stakeholders including donors and potential donors.
• Represent, as required, the Foundation in media, PR and promotional activities
• Critical success factor: Number of successful enterprises generated, and the impact thereof
Develop and present annual Country Foundation strategy to EXCO and Board for approval
• Work with the Senior Manager, Brand to translate the Foundation strategy and CSI policy into actionable marketing and communication activities
• Support the activities of such structures as may be established by the Board for the implementation of the CSI strategy and policy
• Engage with business units and social partners to ensure the relevance and effectiveness of Foundation programmes
• Take overall responsibility for existing CSI programs and provide a strategic, engagement and action framework in this regard moving forward
• Ensure that the Foundation is seen as a responsive and involved citizen
• Take accountability for escalating any potential reputational risks to ExCo timeously
Preferred Qualification and Experience
• First Degree in Business Commerce or equivalent
• Post Graduate Diploma
• Masters Degree will be an added advantage
• Memberships to professional bodies, is added advantage
• At least 15 years’ work experience managing a small business or in a managerial position within the impact sector/world.
• Experience in financial services would be beneficial
• Experience in managing people
• Experience in managing a budget
• Keen interest in and previous experience working with entrepreneurs and start-ups
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