It’s still a notably underrepresented world out there for women when it comes to banking and finance. A recent report by Catalyst found that Few women reach leadership positions in Financial Services across the world.
Globally, women represented 12% of CFOs in large-cap firms and 34% of CFOs in mid-cap firms in 2018.
In 2019, fewer than a quarter (21.9%) of senior leadership roles within financial services firms were held by women. In 2019, women’s global representation on executive committees in major financial services firms was only 20%, up from just 16% in 2016.
But we’ve begun to spot some rising stars across the industry, which prompted The Kenyan Wallstreet and Kaleidoscope Consultants to sponsor the Angaza Awards: Women to Watch in Banking & Finance scheme to recognise women who are steering and shaping the financial services sector. The motivation of the Angaza Awards is the need to raise awareness of seasoned women within the sector towards promoting board and C-level diversity.
Entrants can access an online form and submit the award application and supporting documents. Judges will be drawn from multiple disciplines including regulators, professional bodies and associations, academia, government, development community and individuals. Judges will utilize a scoresheet developed by Kenyan Wallstreet and Kaleidoscope Consultants to select the winners. The 10 entrants with the highest points will be interviewed and their profiles will be posted on the Angaza Awards microsite and promoted in local and regional media.
In addition to capturing general biodata, the entry form will seek to bring out the influence of the entrant, focusing on their potential or scale and impact.
- The entrant must be working in a full-time capacity in a licensed and regulated firm within the financial services sector, namely banking, insurance, fund management, private equity, fintech, microfinance, or SACCO, operating in Kenya or the East Africa Region
- The Award seeks to recognise leaders who are shaping the financial services sector, therefore, minimum (cut-off) for the financial institution size is Total Net Assets of USD180,000,000.00 (One Hundred and Eighty Million Dollars) or more
- Entrants can only enrol via self-entry (no nominations allowed)
- The entrant must have worked in their current institution for no less than 3 years
- Only one entry will be allowed per entrant
- The entrant must register online and provide access to Kenyan Wallstreet to their LinkedIn profile for validation
- The entrant must upload their curriculum vitae (resume)
- The entrant must upload a professional headshot (no passport photo, no selfies) that is of high resolution and JPEG format (1MB maximum file size)
- The entrant must complete the entry form in full, provide supporting documentation and connect with Kenyan Wallstreet’s LinkedIn page ahead of the entry deadline
- Kenyan Wallstreet and Kaleidoscope Consultants reserves the right to verify any and all submitted information, including contacting references, HR managers and co-workers via LinkedIn
- Previous award winners and finalists may enter subsequent awards
- Late entries will be disqualified
- By Submitting an Entry Form, the entrant agrees to all the terms and conditions
Entries will be received strictly online. Kenyan Wallstreet team will shortlist the entrants based on the criteria and a scoresheet, and validate their profiles on LinkedIn.
The shortlist will be circulated along with the entry forms and scoresheets to the judging panel. The judges will disqualify themselves in cases of a conflict of interest, specifically if the entrant is employed by the judge, a co-worker or associate of the judge, or related [spouse, sibling, child].
The Judges will meet to review their scoresheets and deliberate the results. The 10 entrants with the highest points following the judges meeting will be declared the winners. Judges will meet a maximum of 2 times to deliberate their scores.