Opportunity

Supervisory Board Member

TCX Fund Amsterdam, Netherlands

About the TCX  Fund

Introduction

The TCX Fund is a special purpose fund that provides OTC derivatives to hedge the currency and interest rate mismatch that is created in cross-border investments between international investors and local borrowers in frontier and less liquid emerging markets. The goal is to promote long-term local currency financing, by contributing to a reduction in the market risks associated with currency mismatches.
To achieve this objective, TCX acts as a market-maker in currencies and maturities not covered by commercial banks or other providers, notably where there are no offshore markets, no long-term hedging, or, in extreme cases, no markets at all.
This activity spans 70+ currencies in Sub-Saharan Africa, Eastern Europe, the Middle East & North Africa, Central Asia, South East Asia, and Latin America.
You can find further details on their website www.tcxfund.com


TCX Supervisory Board Member Role Profile

Duties and Responsibilities

The role of the Supervisory Board (SB) is to oversee the policies and the management of the Fund, notably the activities of the Fund Manager, the Depositary, the Risk Monitor, and the External Compliance Officer (together, with Management). The TCX SB shall provide guidance to Management, in the management of the Fund, and the development of policies in accordance with the Fund’s mission and constitutive documents.
The TCX SB is responsible for safeguarding the best interests of the Fund and its business, considering the position of all its stakeholders (shareholders, other investors, clients, service providers, employees and the relevant general public interest).
Collectively, the TCX SB is responsible for its functioning and its decision making. Individual members of the SB are also  individually and collectively responsible for the functioning and the decisions of the SB.

Required Competencies

Requirements for the Supervisory Board Member
TCX has a business focused on developing countries, notably emerging markets and the SB will require the new SB member to have financial expertise in such economies. In addition to this, the new SB Member will:
  • Demonstrate affinity with (and preferably prior experience in) TCX’s product and/or market mandate, namely the provision of currency and interest rate related hedging products in emerging markets. This will require a high-level expertise in financial markets, macro-economics, and financial flows.
  • Strong understanding and experience of the strategic intention of TCX’s Investors. This includes a good understanding of the strategic intentions of development finance institutions, and experience in (long-term) finance instruments in imperfect markets and the associated difficulties in this field.
  • Endorse and support the entrepreneurial spirit of the Fund and its ambitions to engage in continuous improvements to the solutions provided to its clients.
  • Qualified in your own right to assess the quality of management of TCX and the appropriateness of activity and strategy undertaken to achieve the Fund’s stated objectives and must be able to address issues and relationships with appropriate authority and gravitas.
Key Competencies
  • Relevant managerial experience related to the implementation and management of IT systems within a similar treasury, financial or banking environment.
  • Considerable experience in treasury products, notably in fixed income and other (long term) finance instruments, as well as currency and interest rate derivative products and their price-setting mechanisms. 
  • Strong experience and affinity with development finance institutions objectives.

Qualifications and Experience

  • Relevant 3rd level degree is desirable.
  • Fluent in English, with good working knowledge of another language.
  • Existing /previous board level experience is required.

Terms of Appointment

  • Salary is €30,000 (gross) per annum.
  • TCX Fund is based in Amsterdam, Netherlands. The individual must be based in Europe, as travel to Amsterdam will be expected approximately 5 times within a 12-month period.

How to Apply

If you wish to be considered for this position, please forward a copy of your CV in Microsoft Word format, along with any relevant documentation to Carolina Mallari at [email protected] OR use the Application form below on or before 8th February 2021.
Further information regarding the selection process will be given should you demonstrate sufficient relevant experience.
All information will be treated in the strictest confidence as we pride ourselves on our professional service.

SRI Executive is exclusively retained by TCX Fund to undertake this assignment.

Application form