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Senior Manager; Credit Risk (Wholesale & Business Banking) at NMB Bank
Senior Manager; Credit Risk (Wholesale & Business Banking) at NMB Bank
NMB Bank
Dar es Salaam
Job Location :Head Office, Hq
Job Purpose:
Responsible for wholesale and Business 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:
Drive and support the identification, assessing, monitoring, and reporting bank’s Credit Risks relating to Wholesale and Business banking business segments from a second line perspective on a regular basis.
Facilitate scheduled and 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.
Oversee trade finance portfolio to manage and other special projects including syndicated loans, high value corporates deal and ensure adequate credit risk and other associated risks are well identified, appraised, and sufficiently mitigated to sustain portfolio quality of the bank.
Leading the Credit Risk assigned staff, while managing their performance, develop and implement training and development plans to ensure their 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 find all 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 governance documents including but not limited to policies, manual, risk appetite statement, combine 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.
Assist 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 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 guidance.
Support stakeholders to adhere to bank’s lending governing 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, together 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.
Monitor, measure and report about the efficacy of the bank’s credit risk internal controls. including showing clear lines of accountability and authority to ensure 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 promptly and adequately per expectation of management.
Knowledge and Skills:
Extensive knowledge and experience on trade finance products such as Export Letters of Credit, Import Letters of Credit, Documentary Collection, Bills, all types of Guarantees, Standby Letters of Credits and Trade Loans etc end-to-end process flow.
Wider understanding of the Enterprise Risk Management Framework for the Bank and lines of defence phenomena.
In depth understanding of all Wholesale Banking and Business Banking Credit related products and services including key sectors contributing to these portfolios.
Desired knowledge on entire credit activities value chain (especially for Wholesale & Business Banking) 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, and related laws in Tanzania.
Excellent knowledge of banking operations and financial markets in Tanzania and other interrelated counterparties including applicable statutes, laws, regulations, and guidelines that govern 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:
Bachelor’s Degree in Banking, Business Administration, Accounts and Finance, Accounting, Commerce, or Economics or other relevant fields of study.
Master’s degree in the related fields will be an added advantage.
Minimum of Eight (8) years’ working experience in a Bank or financial Institution or any closely related environments.
At least five (5) years in Credit Risk Management, Wholesale Banking/ Credit or Originations.
Experience in Project appraisal for lending will be an added advantage.
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 : 08-May-2024Job closing date : 22-May-2024
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