MI & Impairment Manager Jobs at NBC Bank

Location: Dar es Salaam

NBC Bank is one of the oldest banks in Tanzania, with over 50 years of experience. It offers a wide range of services, including retail, business, corporate, and investment banking, as well as wealth management.

Job Overview

As an MI & Impairment Manager, your main responsibility is managing the data flow between Group IT and NBC, making sure it’s accurate and reliable. You’ll handle data reconciliation between Retail Risk and Finance and manage impairment reporting. Your role also involves managing retail forecasts like STP, RAF, and MTP, and helping the business with data insights on various models.

Key Responsibilities

1. Managing and Controlling Data Quality (20%)

You’ll make sure data transmitted between Group IT and the local server is complete and accurate. This involves:

Checking that data sent by Group IT matches the local server to avoid any loss.
Spotting any anomalies in the data and investigating the reasons.
Working with IT to fix any issues that come up.

You’ll also be in charge of improving reporting processes and tools to make them more efficient and effective. You’ll manage the entire process for MI reporting, ensuring all reports are accurate, delivered on time, and meet the needs of stakeholders.

2. Reconciling Reports Between Retail Risk and Finance (20%)

Here, you’ll make sure all the files needed for reconciliation are ready. The steps include:

Identifying the key variables for reconciliation.
Running SAS codes to process the reconciliation.
Investigating any mismatches between the data sets.
Adjusting the SAS codes when necessary to make the process smoother.

You’ll also communicate any changes made to the SAS codes with the Data Centre and keep records. Finally, you’ll get approvals from the Finance Head and Retail Credit Risk Head for reconciled figures.

3. Retail Portfolio Forecasts (20%)

You’ll create models for running retail forecasts (STP, RAF, and MTP). This includes:

Documenting all assumptions used in the models.
Presenting the initial drafts to the business for feedback before finalizing the models.
Comparing forecasts with actuals and identifying reasons for major differences.

4. Timely MIS on Impairment (10%)

You’ll be responsible for submitting timely MIS on impairment. Key tasks include:

Making sure the right items are submitted for daily meetings.
Validating impairment numbers from various sources.
Getting approvals from the Retail Credit Risk Head and Finance Head.
Investigating any anomalies in impairment MI and suggesting solutions.

You’ll also handle the preparation and analytics for the NBC Impairment Committee and resolve any issues raised during meetings.

5. Ensuring Compliance with Impairment Model Risk Policy (10%)

You’ll make sure impairment is done according to the Impairment Model Risk Policy. Tasks include:

Identifying key parameters like PD and LGD.
Reviewing these parameters to ensure the portfolio is properly impaired.
Initiating the DWB process related to the policy.

6. Supporting Business Models (10%)

You’ll assist the business in understanding different models that impact credit risk. This involves:

Studying models used by the business.
Providing support when needed.
Suggesting improvements to help with understanding and interpretation.

You’ll also coordinate the preparation and submission of reports that require retail impairment details.

7. Supporting Finance and Group Credit Risk (5%)

You’ll prepare monthly reports for retail database submissions for regulatory provisioning on retail impairments. You’ll also handle submissions for the Bank of Tanzania (BoT) and SARB reports, whether monthly, quarterly, or annually.