Senior Manager; Credit Risk
Job Location :
Head Office, Hq
Job Purpose:
Responsible for Retail Banking portfolio in safeguarding compliance in
lending practice and assist to limit credit risk exposure within
acceptable parameters with reference to Enterprise Risk Management
Framework (ERMF) per 2nd line of defense point of view.
Main Responsibilities:
Recommended:
Drive and support the identification, assessing, monitoring, and
reporting bank’s Credit Risks relating to Retail banking business
segments from a second line perspective on a regular basis.
Facilitate scheduled event triggered respective Credit Portfolio
reviews, ensure adequate and effective processes and procedures for
identification of early warning signs, assess root-cause, engage
respective stakeholders, agreed remedial actions and timelines as well
as ensure closure of agreed remedies.
Update and monitor credit-risk related key risk registers, KRI, testing
of controls by designated risk champions (RCSA), validating control test
results from a second line control perspective (Conformance Review) and
channeling feedback to appropriate parties.
Lead the Credit Risk assigned staff, while managing their
performance, develop and implement training and development plans per HR
policy, to ensure performance is aligned with business goals and
objectives.
Drive and support the identification, assessing, monitoring, and
reporting bank’s credit risk environment from a second line perspective
on a regular basis.
Perform scheduled and event triggered Branch reviews and to identify
early warning signs prompt, assess root-cause, engage respective
stakeholders, agreed remedial actions and timelines. This will include
end to end credit process/ functions relating to assigned portfolio as
per Credit Risk Annual plan, Strategy and Combined Assurance Plan
In consultation with other stakeholders, conduct thorough performance
reviews of all credit related products within assigned portfolio and
present comprehensive report to right forums on prompt manner.
Follow-up and engage action owners to ensure prompt and adequate closure
of all agreed actions/ remedies such that risk management strategy
remain adequate and effective. Timely escalate deviations to right
forums for right decisions and enhanced oversight.
Give inputs and take part in periodic reviews of all Credit and Credit
risk related Guiding documents including but not limited to Policies,
Manual, Risk appetite statement, Combined Assurance Plan, Operating
modal, Risk Registers, Annual Plan, Credit Risk Strategy, TORs etc.
In consultation with Head Credit Risk, partnering with the Credit
Department and assigned Business Segments on credit risk matters to
ensure business growth is balanced with risk management and controls.
Establish adequate/effective controls and monitoring processes for
end-to-end collateral reviews and management process to ensure proper
management of the same as fallback position for credit facilities.
Help Head Credit Risk to ensure submission of correct and prompt reports
to Risk Management forums and other stakeholders (within agreed/
specified timelines), highlighting performance against defined credit
quality parameters. Review reports, RCC, MARCC, BARCC and other required
reports and submissions.
Be a credit risk champion in assigned business segments process and
projects related activates and ensure Credit Risk interest is well
considered. Give feedback to Head Credit Risk from time to time to
ensure sufficient alignment.
Develop, implement, and check the Unit’s business plans, BSC, and ensure
PMS and staff welfare including leave management are observed
sufficiently as per HR policy.
Support stakeholders to adhere to bank’s lending guiding documents
through coaching/knowledge sharing to reduce/manage credit risk through
booking credits according to approved limits, pricing, tenors, security
documents etc.
Ensure approval terms both precedence and subsequent are adequate,
effective, monitored and complied with clear oversight by management.
This will include exceptions granting process.
Provide motivational and inspirational leadership to the team and
communicate clear performance expectations. Identify skills gaps and
ensure proper training, coaching and mentorship programs.
Monitoring, measuring and reporting about the efficacy of the bank’s
credit risk internal controls. including showing clear lines of
accountability and authority to ensure an effective credit risk
management process.
Stand in for Head Credit Risk (as the case may be) and ensure all other
tasks assigned from time to time are delivered prompt and adequately per
expectation of management.
Knowledge and Skills:
Extensive knowledge and experience on Retail Banking Credit products
such as consumer products, digital loans, micro lending MSEs etc.
Wider understanding of the Enterprise Risk Management Farmwork for the Bank and lines of defence phenomena.
Desired knowledge on entire credit activities value chain (especially
for Retail Banking Credit Products) including but not limited to
Origination, Appraisal, Approval, Documentation and limits capturing
& maintenance, monitoring, Special assets Management.
Desired knowledge in the multisectoral aspects and key Risks within
assigned portfolio including concentrations, structural and other
dynamics.
Excellent knowledge of banking operations and financial markets in
Tanzania and other interrelated counterparties including applicable
statutes, laws, regulations, and guidelines that guide banking and
lending activities.
Strong computer skills proficient in outlook, word, excel and power point presentations.
Managerial and leadership skills (Analytical, Conceptual and resourcefulness)
Strong interpersonal and networking skills for both internal and external stakeholders.
Ability to effectively prioritize and execute tasks in a high-pressure environment.
Qualifications and Experience:
Read Also:
Degree in Banking, Business Administration, Accounts and Finance,
Accounting, Commerce, or Economics or other relevant fields of study.
Master’s Degree will be an added advantage in the related fields.
Minimum of Eight (8) years’ working experience in Banks and financial Institution or any closely related environments.
At least five (5) years in Credit Risk Management, Branch network/Retail banking and Auditing
Experience in credit process and product formulation, Risk Register formulation.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to
creating a diverse environment and achieving a gender balanced
workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.
NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Only shortlisted candidates will be contacted.
Job opening date : 17-Feb-2025
Job closing date : 03-Mar-2025
How to Apply:
To submit your application, please follow the link provided below.
