• PNG Business News

Moni Plus Seeks Independent Directors

Heduru Moni Limited T/a Moni Plus is welcoming applications from experienced candidates for the role of Independent Board Director.

Heduru Moni Limited T/a Moni Plus is a licensed financial institution under the Banks and Financial Institutions Act (amended) 2000, and providing financial services to its clients throughout Papua New Guinea having branches in Port Moresby, Lae, Mt Hagen, Kokopo and Alotau. The company provides the following products and services:

  • Personal Loans

  • SME Financing

  • Asset Finance

  • Term Deposits

  • Financiers Guarantee

  • Foreign Exchange

  • Loan Against Property

In order to enhance its Corporate Governance structure, the company would like to invite qualified and experienced professionals with impressive track records in the fields of Banking & Finance, Business Management, Audit, Risk & Compliance and/orLegal as an Independent Directors. To be considered, an applicant must be able to demonstrate his/her suitability for the role vis-à-vis:

Essential Skills

  • Audit and Risk Management preferable in the Financial Sector

  • ICT, Project Management and Disruptive Business Modelling

  • Finance and Investment Management

  • Corporate Governance

Job Requirements

  • Have a comprehensive appreciation of the responsibilities of a Director, plus the willingness and commitment to devote the time necessary to fulll the required duties

  • Maintain compliance with external regulations and internal policies

  • Be conversant with BPNG prudential standards BPS 300 Corporate Governance

  • Appointing and assessing the CEO

  • Establishing compensation for executives

  • Must be a current member of a professional organization such as PNGID, AICD or GIA

  • Overseeing the Company’s operations including its controls and accountability system

  • Ensuring that the Company has appropriate Board and Management succession plans

  • Approving the Company’s budgets and business plans and monitoring the management of the company’s capital, including the progress of any major capital expenditures, acquisitions, investments or divestments

  • Establishing procedures to ensure nancial results are appropriately and accurately reported on a timely basis in accordance with all legal and regulatory requirements

  • Providing Strategic direction for HML

  • Providing oversight to the company’s policies and standards


  • Minimum BS/BA in business administration or LLB or related eld; master’s degree preferred; Meet the Fit & Proper Requirements of BPNG

  • Be a professional member of the PNG Institute of Directors

  • Have a good understanding of the PNG economy

  • Have a minimum of 5 years’ experience on the Board (preferable)

  • Have experience at a senior leadership level

  • Have a good understanding of PNG’s nancial services sector & PNG’s socio-economic trends

Women are highly encouraged to apply!

Please address all applications to the Nominations & Succession Committee, Moni Plus, PO Box 1748, Boroko, NCD or email nsc@moniplus.com, Telephone: 313 2900 Fax: 323 3438. Applications close on 31 March 2021.

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