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[Pages:11]Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

Position Description:

POSITION TITLE: CHIEF EXECUTIVE OFFICER

JOB LEVEL:

EXECUTIVE

LOCATION:

371 VICTORIA PARADE, SUVA, FIJI

REPORTS TO:

CHAIRMAN OF THE BOARD OF DIRECTORS

The Chief Executive Officer (CEO), reports to the Board of Directors and will be responsible for the overall strategic and operational performance of HFC Bank and the achievements of the Bank's Growth and Profitability agenda. The CEO's responsibility also extends to the effective management of the enterprise in fulfilment of the declared objectives and within the framework of the policy laid down by the HFC Bank Board. This is an executive responsibility which is summarized in the following major items: The Chief Executive Officer ensures the implementation and achievement of HFC Bank's current and future strategic direction set by the Board, and ensures delivery of strategic and operational key performance results, and outcomes, across the organization.

The Chief Executive Officer provides the mandate and leadership for the Executive Team to work in partnership across their operational groups, to lead and implement continuous improvements in business processes, leveraging digital transformation, and ensuring delivery of customer centric services. The CEO is accountable for developing new business opportunities and sustaining valuable relationships with private and public sector stakeholders to ensure the bank's continuous expansion and business growth.

The CEO position requires the right skills and mindset to assess and mitigate principal risks and compliance of the Bank's business, together with its growth and profitability and ensures that appropriate management and technological systems are in place for delivering the expected services and performance standards.

Key Responsibilities:

The Chief Executive Officer is invested with broad responsibilities and authority

as per HFC Bank's Corporate Governance policy and Operational guidelines.

Major responsibilities include:

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

Strategic leadership of HFC Bank as per the Board' s Approval of the Corporate Plan & Compliance to Regulatory Policies and Governance

Financial Management Strategic Planning , Strategic Thinking, Leadership and Direction Executive Leadership and People Management Business Development and Customer Agenda/Value Propositions Audit, Risk Management & Compliance Corporate and Social Responsibility

KEY RESULTS AREAS

KEY ACCOUNTABILITIES Provides Strategic advice to the Board of Directors Develops, for the Board's approval, strategic direction and positioning to ensure HFC Bank's profitable growth and success Actively lead and influence the implementation and achievement of the current and future strategic and operational plans as per the approved Corporate Plan.

Strategic leadership of HFC Bank as per Boards

Approval of Corporate Plan & Compliance to

Regulatory Policies

Work in partnership with the Board to ensure ongoing strategic forward thinking that forms the strategic and operational goals and leveraging wherever possible, technological solutions

Reporting to the Board on economic and trade conditions, and other relevant factors, which may influence their judgment in the formulation or modification of policy.

Ensure integrity and courage in the provision of consistently robust advice to the Board, Shareholders and others as necessary

Ensure that the Executive Leadership Team model and build a culture of internal excellence at all levels, influencing through their positive leadership behaviours, the conversion of people and culture strategies, into reality

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

Executive Leadership Team and People Management

Ensure that the Executive Leadership Team consistently demonstrate a collective focus on achievement of HFC Bank in becoming Fiji's Bank of Choice in providing Innovative Financial Solutions and Beyond

Carrying out effectively the policy laid down by the Board of Directors, and ensuring that the policy is well understood and complied with by all members of the organization

Ensuring that executives including the CEO (Responsible Persons of the Bank) have a good understanding of the Bank's policies, RBF's Banking Supervision Polices and of its main implications (except in respect of matters which are regarded by the Board as confidential to top management).

Ensures that the regulatory framework, policies and circulars are compliant with where appropriate, and as CEO, is well versed with the Reserve Bank of Fiji (RBF) Banking Supervisor Policy No's 15 and 10 and others

Acts as a final decision-maker as per the Board's Delegation of Authority and Discretions in various operations aspects and ensures all operations are conducted in full compliance with laws, regulations and HFC Bank's Code of Conduct;

Provide credible and agile leadership to the Executive Leadership Team, ensuring that they actively participate in the Team, contribute to the strategic thinking and development of HFC Bank, and demonstrate integrity, respect, moral ethics, sound judgement, and positive leadership, in all of their duties and interactions

Lead by example, have courageous conversations when needed, modelling positive leadership, integrity, respect, agility, and sound judgment in all activities and interactions both internally and externally

Establishing and maintaining a sound

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

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organisation structure that supports business growth, with satisfactory definitions of role and responsibilities for ensuring smooth executive co-ordination and personnel relations at all levels of the organisation.

Ensuring that among all executives there is a sound understanding and practical application of delegation of responsibility within the framework of the organisation structure established and the delegated limits authority.

Ensuring that due attention is paid by all executives to promoting and maintaining a high level of efficiency and economy in all aspects of the Bank's operations and administrative activities

Influence development, and ensure that competent leadership and operational systems are in place, that drive and achieve change and development across all aspects of HFC Bank

Ensure that effective operational leadership and systems are in place to maximise in achieving HFC Bank's goals

Keeping executives continuously informed of matters affecting the progress and well-being of the Bank and their employment with it.

Financial Management

Lead the achievement of HFC Bank's Financial Goals as per the approved Corporate Plan and consistently meeting the Key Performance Indicators.

Keeping the financial position of the Bank under review to ensure that there is an appropriate balance of long-term and shortterm finance, and provision of adequate cash flow for day-to-day working and in compliance with statutory requirements and reporting. The soundness and safety responsibility is at the core of HFC Bank's financial goals

Keeping the activities of the Bank in all sections under general review with particular reference to the conformity of the current and cumulative "actual" position with budgets.

Sound financial Performance of the company. Deliver results and provide financial and annual

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

Business Development and Customer Agenda

reports to the Board of Directors Preparation of budget for approval by the

Board of Directors in May each year; Reporting against budget monthly to the

directors, explaining any variations and defining actions to be taken if budgets are not met; Ensure the adequacy and soundness of the company's financial structure; reviewing all capital expenditure requests and arrangements for additional finance-funds. Ensure Capital Management plan is well managed for HFC Bank Ensure HFC Bank's Liquidity Management is sound Ensure HFC Bank meets with the required ratios for a Bank as required by the regulator, the Reserve Bank of Fiji (RBF)

Ensuring that adequate provision is made for keeping abreast: of new technological and commercial developments pertinent to the Bank's fields of operation and within approved budgets

As a member of the Board of Directors, the CEO shares with other members their corporate responsibility for the formulation of policy and for the over-all control of the Bank's operations and financial goals.

Strong focus on the growth of the Retail Banking Segment

Growth in HFC Bank's representation points through technology in order to grow and provide customers and stakeholders the banking products and services

Investment ? modifying existing products and services for the strategic competitiveness in achieving the above average or desired shareholder returns;

Innovations ? creating and innovating new products and services or emerging in new markets;

Fosters a climate of customer focus and maintains client contact and sets the tone at the top for effective business development by leveraging HFC Bank's capability for cross

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

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Internal Audit/ Risk Management and

Compliance

selling; Lead the achievement of the customer service

standards agreed annually and ensure the leadership, dissemination, understanding and delivery of customer centric services across the bank. Partnership & Stakeholder Management & Development - Work closely with the Board and the Executive Leadership Team to establish and review strategic priorities for key partnerships Maintaining appropriate contact with Government, Ministries and Departments, Associations and Federations, and other such bodies bearing on the framing and fulfilment of policy and plans for the organisation. (This is a semi-executive activity conducted on behalf of the Board of Directors which may in part be delegated to specialist executives.)

Ensuring a strong Risk, Compliance and Governance Framework is embedded across the organisation

A strong and effective Internal Audit framework is in place

Ensure that the right skills, mind-sets, and systems are in place to continuously assess and mitigate principal risks of the Bank's Audit/Risk and Compliance mandate and responsibilities

Identify strategic and operational risks, ensure mitigation strategies are in place, and as appropriate, take action to minimise any actual or potential impact

Ensure that operational areas have an updated risk management framework and register in place linked to the Bank's risk management strategies

Fostering the audit, risk management and compliance culture of HFC Bank; Compliance with legislation and regulatory bodies is monitored;

Effective risk management of HFC Bank at Enterprise level in maintaining the safety and soundness of the company's operation;

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

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Timely accurate reporting to the Board of Directors; Timely regular reporting to all the required regulators.

Ensures appropriate risk diversification and is fully responsible for the quality of credit and the overall company risk profile.

Ensure Operations Risk platform is robust and strong with Banking operations

Ensure strong risks follow ups are maintained in all the areas of Banking Operations mainly Finance and Treasury, Credit and Information Technology. In addition must ensure other areas in Banking are well contained in terms of risk exposures.

Risk and Audit functions of the Bank must operate independently that of business with regular independent reporting to the Board Risk

Corporate Governance

Maintain and Uphold the Governance framework for HFC Bank

Ensure the Banking Supervision Policies that regulate HFC Bank's operations are met and HFC Bank conforms with regulatory policies

Effective and best practice which promote and advocate transparency, accountability and responsibility.

In all fairness in setting the standards that fulfil the fiduciary "duty of care" and "duty of loyalty";

Keeps the Board informed of existing or impending Board policy issues;

Establishes an effective working relationship with all the stakeholders and beyond, in achieving the corporate objectives of HFC Bank;

Keeps the Board members abreast of current issues, opportunities and potential risks of HFC;

Meets regularly or and as required with Board to view material issues and to ensure that the Board is provided, in a timely manner, with all information necessary to permit the Board to fulfil its statutory and other obligations;

Works closely with the Chairman in order to ensure that the focus of Board Meetings is on the right issues, information is available in a timely and effective manner and the best advice and counsel are drawn from Board members during meetings and as required throughout;

Timely, accurate and regular reporting to the

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Chief Executive's Job Description for Home Finance Company Limited T/A HFC Bank

shareholders and regulator Maintaining a professional standard in all

communications and services to other stakeholders. Ensure Regulatory compliance in all areas of the Bank

Personnel ? People Management /

Health, Safety, and Wellness

Ensuring that Human Resources Management (HRM) of HFC Bank is effectively managed in terms of selection and recruitment, incentives and motivation, disciplines in line with Human Resource strategy of the Company;

Appoint, with approval from the Board where necessary, executives who report to the CEO in line with expansion;

Control the use of consultants and services provided by others with full governance process, and at the same time as developing these skills in employees where possible.

Understand and implement your leadership responsibilities and accountabilities across HFC Bank

Ensure understanding and compliance to relevant occupational health and safety obligations. Ensure health, safety and wellness initiatives are supported and that relevant policies are understood, followed and implemented by all employees

Engage and give back to communities we operate in, in terms of HFC Bank's Corporate and Social Responsibility Values

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