NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, government services, large businesses and agriculture lending.
NMB Bank was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of Parliament. Three new entities were created at the time, namely: (a) NBC Holdings Limited (b) National Bank of Commerce (1997) Limited and (c) National Microfinance Bank Limited.
Initially NMB Bank could only provide payment services as well as offer savings accounts, with limited lending capabilities, before becoming a fully-fledged universal retail bank.
In 2005, the Government of the United Republic of Tanzania privatized the bank when it sold part of its shareholding (49%) to a consortium led by the Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (‘Rabobank Group’).
1: Head; Operational Risk (1 Position(s))
Job Purpose:
Responsible to lead the embedding and maintenance of an effective operational risk framework within the business to drive up standards of operational risk management and improve operating loss and audit performance.
Main Responsibilities:
Risk Assessment & Management
Advise and support the business in the effective identification, assessment and management of its operational risks
consistent with its defined appetite.
Prepare, monitor and report on the bank’s risk appetite statement to RCC and Board.
Deliver value-added MI and analysis of the drivers of operational risks to help business and senior management better manage operational risk and the associated capital charges.
Direct and implement, in conjunction with the business, an agreed programme of risk and control self-assessments (RCSAs) to identify and assess the key risks to business processes/systems, to determine the effectiveness of operational controls and to advise the business on control improvements and risk mitigation.
Design and implement an agreed programme of regular monitoring and evaluation to assess appropriateness and effectiveness of the internal governance and control arrangements for the Business and compliance with key Codes/regulations.
Review and independently monitor controls related to disaster recovery and business continuity plans
Develop and regular review of Operational risk related policies to ensure relevance. Adequate monitoring of activities
Ensure adequate implementation of ERM Framework within the bank.
Promote and support timely and complete reporting of risk events (including frauds) and control issues by the business.
As part of internal control reviews, ensure that regular verification and reconciliation of transactions and accounts is done and reported.
Pro-actively engage business and all stakeholders to ensure adequate monitoring and closure of all open findings from reviewers inside, forensic and outside the bank.
Review the adequacy of physical security across the network and HQ and provide useful recommendations to Management.
Drive the development of operational risk measurement and reporting through the development of Key Risk Indicators and risk profile for each function/business unit and validating
Review policies, processes and people related controls are adequate, relevant and monitored within the bank i.e. active engagement with first level, training and driving risk culture transformation initiatives.
Evaluate sources of fraud and ensure implementation of new controls to eradicate recurrence. Play an active role in proactive identification of risks across the network and HQ.
Develop informative, timely reports to Management and Board highlighting institution’s overall operational risk profile and focus on the material and strategic implications for the business.
Conduct review of Management Governance Committees for relevancy and adequacy based on TORs and mandates/escalation matrices and report to RCC.
Qualifications and Experience:
Bachelor’s Degree in business related studies
Professional Risk Management Certification or willingness to obtain the same.
Banking Experience of more than 7 years preferably in Risk management or Audit.
Experience of managing stakeholders at all levels.
Previous risk management experience across many parts of the risk process e.g. audit, compliance, regulation, risk control, operations etc.
Substantive experience gained in a financial services business or professional services firm.
Leadership experience in a medium to large organization is desirable.
2: Head; Business Finance & Analytics (1 Position(s))
Job Purpose:
Responsible for driving finance business performance and analytics for the bank. This entails understanding of the key drivers of balance sheet, income for all business units, financial reporting and insights to the executives, and revenue assurance for the bank to ensure monitoring of profitability of various products.
Main Responsibilities:
Performance Management & Business Partnership
Provide leadership in the preparation of the annual budget and proactively monitor achievements of the key revenue and balance sheet targets.
Partner with business by providing an accurate and timely reflection of their performance, revenue, cost, and, ultimately, profitability on a timely basis.
Provide objective and analytical insight into business and product performance, highlighting areas of risk and opportunities for the business.
Provide business support in understanding and analyzing key drivers of the various cost lines vis a vis budgets.
Proactively analyze risks and opportunities associated with the bank’s financial performance.
Cost & Investment management by developing strong understanding of the entire cost base, providing qualitative commentaries, anticipating any risks which impact forecasts and highlighting cost-saving opportunities.
Collaboratively work with the strategy team to ensure alignment of strategic agenda and financial impact.
Collect and analyze market data and competitive trends likely to affect the business budget and make recommendations to enhance product profitability.
Provide business and products support by actively participating in key strategic projects to build revenues, providing a financial perspective to systems and products design for new products and other initiatives/contracts.
Responsible for maintenance of accurate financial models for all business segments, customer segments and products.
Ensure accurate and complete financial Management Information in collaboration with the ICT and other business teams.
Report business results monthly, with the production of management packs inclusive of quantitative reports and qualitative commentaries to the senior executives.
Ensure and achieve regulatory compliance with the accurate and on-time production and submission of BOT reports where necessary.
Resolve problems with internal business customers such as incorrect data capture, rectifying inputs in the wrong place, and generally working with highly variable quality data.
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 Location : Head Office, Hq
Job closing date : 19-Dec-2025
CLICK HERE TO APPLY
Leave a Comment