MDs/CEOs of Pak-Libya Holding Company Limited (PLHCL), Pak- Brunei Investment Company Limited (PBICL), Pak-Kuwait Investment Company Limited (PKICL) and Pak-Oman Investment Company Limited (POICL).
Job Location: Karachi
Eligibility Criteria
a. Master’s Degree (at least 16 years of education) in the field of Banking, Accounting, Finance, Economics and Business Administration in Finance. Candidates must be a career banker having 20 years of experience in Financial Institutions and at least 5 years of experience at senior level as EVP and above or equivalent i.e. Group Head of Financial/ Business Line in a bank and possesses expertise and skills to undertake responsibilities of the position effectively and prudently. The candidate must meet the Fit and Proper Criteria of State Bank of Pakistan (Annex-I).
b. The candidate must not be over 55 years of age on the last date of submission of application.
Emoluments
Negotiable market-based salary
Tenure
The Post will be for three years and may be terminated at one month’s notice by either side.
Condition for Appointment
Selected candidates currently employed in government, semi government, international financial institutions, multilateral bodies, Autonomous Organizations, or the private sector will be required to resign from their existing employment before assuming office.
Process of Selection
Candidates shortlisted on the basis of above criteria will be called for interview by the Selection Committee, which will recommend the suitable candidate(s) for approval of Federal Government.
TA/DA
No TA/DA will be given to those called for interview.
Specific Responsibilities of the Managing Director/ CEO
Managing Director / Chief Executive Officer works as Executive Director and is responsible for the strategic planning and management of the company which, inter alia, includes long term and short term business planning, for making the company profitable, monitoring and reviewing the company performance, steer the company for achieving the goals, as set in the Joint Venture Agreement in line with its development mandate.
Following are some responsibilities of Managing Director.
• Responsible for Company’s operations for efficiency, economy and effectiveness
• Review Analysis of investment proposals
• Responsible for monitoring the development and implementation of Company’s policies and procedures aimed at achieving set business targets
• Responsible for Improving Company’s performance
• Oversight of major investment decisions, ensuring that such decisions are in line with corporate strategic objectives
• Formulate and execute organizational strategy keeping in view upcoming challenges
• Establish processes, procedures, standards, to ensure achievement of strategic objectives and goals of the Company with an eye on international best practices and keeping in view the shareholders requirements
• Develop and maintain organizational values and inculcate a high performance culture through leadership by example
• Give recommendations to Board of Directors in matters relating to good governance, strategic planning and risk management, etc.
• Ensure that the Company achieves its objectives in a cost-effective manner within the policy guidelines
• Undertake & Supervise regular operations of the Company through professional team members and report to the Company’s Board of Directors
• Undertake strategic planning and corporate communication with regulatory authorities, financial community and the public
• Managing motivating and leading a team of professionals, alongwith maintaining and developing an organizational culture
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