NMB Bank Jobs | 5 Vacancies still Open | April 2025

Job Location: Head Office, Hq

Job Purpose:

The primary responsibility of this role is to Oversee and Manage the loan documentation process for credit facilities, ensuring accuracy, compliance, and efficiency throughout the entire Credit lifecycle.

Main Responsibilities:

• Review and process loan documents (offer letter and terms of reference) timely and accurately as per the approvals.
• Coordinate, support, guide business unit on security documents submission to the legal department for security documents preparation and perfection at relevant authorities within the agreed TAT.
• Review all the condition precedents as per the approval. Ensure that no booking is affected into the system prior to meeting all the conditions present unless there is an approval to do otherwise.
• Assist in reviewing drawdown memos by ensuring that Conditions Precedent (CP’s) have been complied with, and legal opinions are in place before sending drawdown memos to Credit Operations.
• Participate in tracking and follow up of the exceptions approved by relevant authority and ensure no long pending outstanding security documents without being finalized/closed.
• Review all the conditions subsequent as per the credit approval. This includes, among others, timely payment of land rent on properties held as security and timely renewal of insurance covers to safeguard bank collateral.
• Test all the financial covenants as per the approved thresholds and testing frequencies.
• Review portfolio status and communicate to business any facilities that are due for renewal of credit facilities to avoid unnecessary extensions.
• Monitor and identify signs of deterioration on individual names with a view to commence early remedial management of these accounts and thereby minimize loan losses thus directly contributing to the bottom line.
• Update all the collaterals timely and accurately into the Collateral Management tool (CMT).
• Facilitate loan collateral discharge and release for facilities which have been fully paid off.
• Perform all the annual reviews assigned by the Manager/Senior manager.
• Maintain accurate records and documentation for all loan transactions.
• Provide support to branches and customers inquiries/queries. Ensure timely response to the queries raised, track them and diarize on action taken and resolution.
• Stay updated on industry regulations and best practices related to loan documentation.
• Maintain accurate records and documentation for all loan transactions.
• Conduct audits and quality checks to ensure compliance with internal procedures and regulatory guidelines.
• Perform any other duties as assigned by Senior Managers, and Head of Department.

Knowledge and Skills:

• Business Administration, Corporate Management, Corporate Law, Banking and Finance, Land Law, solid understanding of relationships between the laws and furthering business interests.
• Technical Banking, legal and lending procedures, and policies, guarantee schemes, corporate lending, market best practices in lending procedures.
• Behavioral Attention to detail.

Qualifications and Experience:

• Bachelor’s degree in Banking, Business Administration, Finance, Accounting, Commerce, Law, Economics or related fields.
• 1 year working experience in Banking preferably in credit Functions.

Job opening date : 02-Apr-2025Job closing date : 16-Apr-2025

Job Location :

Head Office, Capital Office

Job Purpose:

Responsible for handling administrative activities of loan processes pertaining to Special Schemes and general SWL from origination to disbursements including conducting loan verifications with all the Public employers and Pension Funds on needs bases, as well as deepening relationships with key Officials and all other SWL schemes.

Main Responsibilities:

• Creating awareness of the Bank’s products and services
• Initiate the process of credit application for review and approvals i.e. Executive, Personal loans and any other loans which need appraisal
• Visit respective employers’ offices and pension funds for verification of personal loans applications with employers and approval before disbursements.
• Follow up with employers and Pension funds on loans with exceptions during verifications i.e. loans rejections due to transfer of salaries and Pensions
• Ensure timely processing of loans at Head office level.
• Support the branch network in identifying and clearing the daily loan dashboard by sharing the daily pending list and follow-ups.
• Daily monitoring and evaluation of the disbursement trends of all departmental credit lines to ensure daily booking budgets are achieved.
• Prepare daily, weekly and monthly disbursements and applications status and advise the Senior Manager
• Be an effective agent of relationships with the employers and pension funds
• Generate sufficient leads for account opening across the entire product portfolio to motivate deposit levels
• Daily support to branches as well as customers on resolving queries regarding personal loans.
• Cross selling of products under Personal banking lines
• Generate leads for account opening across the entire product portfolio to motivate deposit levels.

Knowledge and Skills:

• Microsoft applications (Excel, Vision, Word, Publisher)
• Excellent communication and listening skills.
• Confidence and presentation skills.
• Understanding and interest in financial/banking products and markets.
• Ability to explain and handle complex information clearly and simply.
• Good sales and negotiation skills.

Qualifications and Experience:

• Bachelor’s degree in business related studies
• At least one year of experience in Relationship and Product management with specific expertise in marketing/sales/Loans/Schemes Management with proven success results

Job opening date : 03-Apr-2025Job closing date : 17-Apr-2025

Job Location :

Head Office, Hq

Job Purpose:

Responsible for leading, driving the performance of, and actively managing the credit assessment team and approvals with specific responsibilities for corporate borrowers as defined by the bank.

Main Responsibilities:

• Ensure the highest standards of credit quality through the assessment, sampling and application of best practices to credit proposals and maintenance of the standards throughout the corporate borrowers and the team.
• Ensure that only quality assets are recommended for approval and in doing so ensure that a balanced credit opinion is provided with relevant mitigations of risks perceived.
• Work with the origination team on timely reviews including annual and interim review of early and timely identification of emerging risks and recommend remedial actions
• Deliver world-class credit assessment and evaluation services for the bank in the corporate space.
• Advise CCO / CREDCO timely on any known potential or actual shift on risk profile of a borrower / sector providing mitigation or remedial action in the process
• Ensure the quality of the credit assessments done by the unit comply to both external and internal policies and regulations.
• Ensure that all applications submitted to Credit Committees are complete and tabled timely to the credit committee members according to the agreed process and TAT.
• Lead by example and be the coach and mentor for co-workers (not only within the credit department but cross functionally)
• Defend the opinions of the unit on the Credit Committees and ensure that they are correctly captured in the minutes.
• Ensure that the credit risk management systems, which include credit rating, limit exposure aggregation and RAC (Risk Acceptance Criteria for credit application processing) are in place.
• Assist in the preparation and presentation of credit approval packs/ requests to the Credit Committees, challenge pricing to maximize value and ultimate sign-off at customer level remains with Chief Wholesale Banking / Pricing Committee.
• Deliver within the budget using the ‘working smarter’ approach
• Contribute proactively to various risk related projects and initiatives (e.g. stress testing, IFRS 9 etc.) especially on aspects pertaining to credit measurement sourcing/ management of data for these initiatives.
• Assist the Chief Credit Officer in development and review of Credit Policy and standards in addition to setting the risk appetite statement for the bank.
• Lead the bank’s credit audit assignments in relation to the bank’s corporate portfolio from Bank of Tanzania and External auditors and ensure all audit queries are attended to timely.

Knowledge and Skills:

• Strong understanding of credit analysis and risk management principles.
• Good understanding of Bank of Tanzania evolving regulatory guidelines and reporting requirements in this space of credit management
• Strong problem-solving skills (hypothesis-driven thinking, analytical, quantitative, conceptual skills)
• Thorough understanding of the evolving practices for the management of credit risk and regulatory requirements
• Capable of professional discussions with internal and external stakeholders
• Ability to manage system transitions smoothly and source data/ perform periodic computations.
• Time-management skills.
• People management and relationship skills.
• Excellent interpersonal and communication skills.

Qualifications and Experience:

• Bachelor’s degree in Banking, Finance, Business, Economics, Mathematics / Statistics or related fields.
• Professional qualifications, e.g. CFA/ CPA are an added advantage
• At least 7 years of banking experience, with most of it being in Credit Risk Management and corporate lending
• Exposure to Limit/ Collateral system implementation/ management is preferable
• Exposure to credit risk modelling is desirable

Job opening date : 02-Apr-2025

Job closing date : 16-Apr-2025

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Job Location :

Head Office, Hq

Job Purpose:

Responsible for ensuring that Corporate Support operations adhere to internal policies, regulatory standards, and best practices including establishing and implementing quality assurance frameworks to optimize operational efficiency, enhance customer experience, and mitigate risks associated with corporate support services management.

Main Responsibilities:

• Develop and implement a robust Quality Assurance framework for Corporate Support functions to ensure high service standards.
• Oversee adherence to internal policies, align with industry standards and regulatory requirements for all support functions (physical security, Facilities, construction, Stores, Business Continuity Management and Occupational health and safety
• Conduct regular audits and inspections to ensure compliance, identify nonconformities and implement corrective actions
• Ensure adherence to best industry standards, banking regulations, and service-level agreements (SLAs) with third-party vendors.
• Establish and maintain key performance indicators (KPIs) for service quality and adherence to service-level agreements (SLAs).
• Keep up to date with legal, regulatory, and industry changes affecting all units of Corporate Support Physical Security, Business Continuity Management, Operational Health and Safety, Facilities Management Operations, Logistics management, and Stores management.
• Monitor and evaluate the performance of support functions to ensure efficiency and compliance with standards
• Collect, assign, follow up on the closure, analyze and report the branch facilities incidents, and escalate to management for decision-making and support.
• Drive continuous improvement initiatives to enhance operational efficiency, reduce costs and improve processes
• Identify potential risks related to Corporate Support Services (e.g., security breaches, maintenance failures, environmental hazards) and follow up with responsible units to implement mitigation strategies to address safety and operational concerns
• Develop and maintain a Corporate Support Risk Register to track and manage identified risks.
• Work closely with Health & Safety teams to ensure compliance with workplace safety regulations.
• Conduct regular assessments, audits and inspections to monitor compliance and performance across all corporate support units
• Report findings and recommend corrective and preventive actions enduring all functions adhere to quality and safety standards
• Prepare detailed quality assurance reports and present findings for senior leadership.
• Track and report non-compliance issues, ensuring corrective actions are taken promptly.
• Track service contracts from commencement to expiry and trigger renewal
• Conduct training and awareness programs for internal teams and vendors on quality assurance standards, regulatory compliance and best practices to enhance operational effectiveness
• Act as a point of contact for regulatory audits and internal compliance reviews.
• Monitor stakeholders’ feedback and service delivery standards to improve customer satisfaction.
• Oversee timely delivery, safety and operational reliability ensuring customer satisfaction and operational excellence

Knowledge and Skills:

• Strong knowledge of Corporate Support management best practices, quality assurance, and compliance standards.
• Strong understanding of banking regulations, risk management, and compliance standards.
• Ability to interpret and apply health & safety, environmental, and banking industry regulations.
• Strong stakeholder management and communication abilities.
• Attention to detail and a proactive approach to quality management.
• Analytical and problem-solving skills with the ability to identify risks and inefficiencies.
• Ability to manage multiple tasks and projects in a fast-paced banking environment.
• Strong leadership and team management capabilities.

Qualifications and Experience:

• Bachelor’s degree in Business Administration, Facilities Management, Project Management or equivalent professional experience
• Certification in Quality Management or relevant industry standards (e.g., ISO 9001, Six Sigma)
• 5 years proven experience in a quality assurance or compliance role, preferably within Facilities management, Security, Logistics or related sector
• Experience in managing vendor contracts and service agreements.
• Expertise in quality control systems audits and inspections
• Experience in auditing, risk management, and process improvement.

Job opening date : 10-Apr-2025

Job closing date : 24-Apr-2025