NBC Bank is the oldest bank in Tanzania, with over 50 years of experience. We offer various banking services, including retail, corporate, and wealth management.

Job Summary

You’ll be leading and managing the Risk Control Unit (RCU). Your goal is to get the most out of the team and maintain strong risk control practices in the commercial banking area after sanctions.

Team Leadership (30%)

What You’ll Do:

  • Manage the team’s overall performance and growth.
  • Hire quality staff who will raise the overall skills in the Risk Control Unit (RCU).
  • Focus on helping top talent by creating personalized development plans.
  • Develop and execute succession plans for your team, ensuring there’s always someone ready to step up when needed.
  • Continuously train and develop the team to improve their skills.
  • Implement employee satisfaction plans so the team feels engaged and motivated.
  • Build solid relationships within your team and with other departments to achieve business targets.
  • Spot training needs and coach your team to boost their performance.
  • Set an example by embodying NBC’s values and encouraging your team to do the same.
  • Educate your team on important policies, procedures, and regulations.
  • Keep everyone motivated and ensure smooth operations.
  • Create opportunities for job rotation to groom future leaders.
  • Lead and support changes that improve processes, reduce costs, and help team development.
  • Ensure that the importance of the RCU is understood across the bank, especially during any policy or procedure changes.

Risk Management (50%)

Main Responsibilities:

  • Maintain high standards of risk management and post-sanction fulfillment by setting clear, consistent policies for your team.
  • Encourage sharing of knowledge and best practices across the RCU.
  • Ensure you’re following all governance, compliance, and lending controls.
  • Work with the central and local credit teams to understand the lending portfolio and identify any risk areas that need attention. Collaborate with these teams to fix any gaps.
  • Oversee the monitoring and control of the Corporate, ECC, and FI portfolios. Make sure the terms and conditions of sanctions are followed and flag any areas of concern.
  • Be the go-to person for risk-related questions for teams like CCM, CBD, ECC, and the RCU.
  • Ensure the portfolio’s quality is maintained as described in the RCU manual.
  • Keep a close relationship with other teams like CCM and CBD to quickly fix outstanding issues.
  • Every quarter, review key credit risks and their controls by conducting RCA tests.
  • Monitor the RCU’s performance against agreed risk targets and take corrective action if needed.
  • Follow up on recommendations from audit reports to fix any credit risk-related issues.
  • Ensure facility limits are properly managed, including updating or canceling them based on the latest sanctions.
  • Manage systems that track loan repayment dates, excess clearances, and any loan conditions.
  • Monitor the financial covenant and internal risk trigger systems to ensure data accuracy. Flag and escalate overdue or breached covenants when necessary.
  • Lead the preparation and review of post-sanction aide memoires.
  • Work with the legal team on non-standard documents and any changes to the bank’s terms and conditions.
  • Aim for higher quality audits and act as the key contact for both internal and external auditors.
  • Oversee syndicate loans and make sure everything’s in order, from repayments to interest conditions with the partner banks.
  • Regularly review root causes from RCA tests and take steps to fix any risk areas.
  • Make sure the RCU’s maker-checker processes are followed without any deviation.
  • Ensure that data privacy policies are adhered to.
  • Keep the team’s Business Continuity Plan (BCM) up to date and regularly tested.

Business Risk Management (20%)

Your Responsibilities Here:

  • Provide consistent, high-quality service to the RCU stakeholders.
  • Work closely with the Head of Credit Risk to meet business needs and improve service delivery.
  • Collaborate with colleagues and always try to exceed customer expectations.
  • Attend meetings with corporate credit managers and relationship managers to address and resolve any issues.
  • Support the CCD in setting clear, effective performance goals for the team.
  • Take part in team activities, social events, and launches.

Qualifications

You’ll need a Bachelor’s degree in Commerce, Accounting, or Finance.

Experience

You’ll need at least 5 years of experience in a reputable financial institution, particularly in the risk function of the corporate or commercial sector.

Key Skills

  • Expert knowledge: Commercial banking, credit risk operations, and credit analysis.
  • Operational risk: Strong understanding of processes, tools, and best practices for managing operational risks.
  • Leadership: Proven people management skills and experience in leading a team.
  • Service management: Ability to manage a service operation with conflicting priorities.
  • Technology: Computer literacy is essential.
  • Corporate banking: Detailed understanding of corporate business and risk products, policies, and services.
  • Regulations: Familiar with local regulations around lending.
  • Competitor knowledge: Awareness of competitor banks’ products and services.
  • Communication: Able to communicate effectively across various stakeholders in sales, risk, and operations.
  • Problem-solving: Quick to understand a situation and make decisions that others can support.
  • High standards: Committed to maintaining high quality and control.

How to Apply:

Interested? Click here to apply