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Head of Risk Control Unit at NBC Bank Limited

AJIRA LEO
National Bank of Commerce
Jobs in Tanzania 2024: New Job Vacancies at National Bank of Commerce (NBC) 2024

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National Bank of Commerce (NBC) Jobs 2024

Head of Risk Control Unit

  • locations Head Office NBC
  • time type Full time
  • job requisition id R-15966121

Head of Risk Control Unit at NBC Bank Limited July 2024
NBC
is the oldest serving bank in Tanzania with over five decades of
experience. We offer a range of retail, business, corporate and
investment banking, wealth management products and services.

Job Summary
To Lead, Develop and Manage the Risk Control Unit
in order to maximize Team and Individual performance with a view to
maintaining a robust Risk Controls framework in the post sanctioning
fulfillment activities for the Commercial Banking portfolio.

Job Description​
Team Leadership 30%
Responsibilities:

  • Manage the overall performance and people agenda in the Risk Control Unit
  • Drive recruitment of staff so that the quality of every recruit improves the overall quality of the RCU pool.
  • Closely
    manage those identified as Talent in their team. Ensure that they have
    clear individual plans that speed their development and gives NBC the
    maximum benefit from their deployment.
  • Ensure that robust and
    detailed succession plans exist for the RCU and that these are used to
    develop actions to ensure sufficient bench strength with right people in
    the right jobs.
  • Identify and drive development and training initiatives to ensure that the capability of RCU staff is continually improved.
  • Drive EOS action plans to ensure that staff feel good about their team, the RCU and NBC.
  • Develop
    a highly motivated team maintaining excellent relationships with own
    team and wider teams to ensure achievement of business goals
  • Help
    identify training needs and provide coaching to all members of the Risk
    Control Unit (RCU) to improve performance and productivity.
  • Act as a role model and drive proactive application of NBC Behaviors throughout the team.
  • To create awareness amongst Team members on Group Policies, RCU procedures and Regulations
  • Keep
    the Team motivated and ensure accurate and efficient delivery. Build
    systems to allow for job rotation within RCU to identify and groom Team
    Members to take leadership roles within the Team
  • Proactively
    contribute to embedding change management initiatives in support of
    process and quality improvements, cost reductions and development of the
    people.
  • Champion and execute smooth change management including continuous process improvement
  • Ensure
    RCU activities and importance is communicated to the wider business
    (peers and senior management) and consultation during changes in
    policies and procedures at business levels

Risk Management 50%
Responsibilities:

  • Ensure
    the highest standard of Post Sanction Fulfillment / Monitoring and
    Control through formulation and implementation of consistent policies
    and processes across the Risk Control Unit
  • Ensure knowledge and best practice sharing across the RCU.
  • Responsibility
    for personal adherence to governance, compliance and lending portfolio
    controls. Ensuring own conformance to policy and procedures within the
    specialist lending function, including proactive management of agreed
    responsibilities for data integrity.
  • Work closely with the
    centre and in-country credit team to understand the lending portfolio
    and risk capabilities and to identify gaps or weaknesses in the post
    sanction process; work in conjunction with the relevant teams to
    formulate plans to close the gaps
  • In charge for Monitoring &
    Control of Corporate/ECC/FI live portfolio to assure adherence to terms
    & conditions of sanctions identifying any areas within the
    portfolio that are cause for concern / potential cause for concern.
    Communication both up and down the reporting lines.
  • Act as a source of technical excellence and point of reference in relation to risk matters for the CCM’s, CBD/ECC and RCU.
  • Manage the maintenance / improvement of the administration quality of the Portfolio (as detailed in the RCU operating manual).
  • Maintain interactive relationship with CCM’s and CBD/ECC to ensure rectifying the outstanding issues.
  • Quarterly review of the Corporate Credit Key Risks and their mitigating controls through effective RCA tests
  • Own
    and monitor the achievement of agreed targets for risk performance
    measures by the RCU team taking corrective action where applicable.
  • Responsible
    for the rectification & documentation of any recommendations
    arising out of Audit/Assurance reports on the Credit Risk.
  • Effective
    management of the facility limits (loading, amending &
    cancellation) to ensure that published limits are in line with the
    latest sanction and in accordance with the operational processes and
    procedures
  • Management of maintenance, review & follow up of a
    complete Diary System detailing deficiency & deferrals/loans
    repayment dates/ excesses clearance dates/dated securities &
    Covenants.
  • Management of the Financial Covenant and Internal
    Risk Trigger Monitoring systems/data in regard to its integrity of
    capturing, advising and escalation of overdue and failed / breached
    covenants
  • Managing preparing& review of Post Sanction Aide Memoire
  • Liaising
    with legal team in regard to the non-standard documentation and changes
    to the standard commercial and standard terms and conditions
  • Improve quality of audits. Will be the point of contact for both internal and external auditors.
  • Manage the monitoring of syndicate loans (repayment of installments, interest, conditions with the agent / participant banks.
  • Periodic review and assessment of root causes in relation to RCA testing and initiating appropriate action to mitigate risks
  • Ensure maker checker concept across RCU processes is carried out without deviation
  • Ensure teams adherence to IRM and Data privacy polices of NBC
  • Oversee Team’s Business Continuity plan (BCM) and periodic testing

Business Risk Management 20%
Responsibilities:

  • Ensure a consistent quality of service to RCU stakeholders
  • Support the Head of Credit Risk in monitoring service and delivery in line with business needs
  • Work in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
  • Attend
    meetings with the Corporate Credit manager’s / Relationship Manager’s
    if problem related issues are to be discussed / need to be resolved.
  • Support the CCD in delivering effective PD’s for individuals within the team
  • Participate is team activities, launches and social occasions.

Qualification

  • Bachelor’s degree in Commerce, Accounting or Finance

Read Also:


Experience

  • 5 years working experience in reputable Financial Institution
  • Previous experience of working in a reputed financial institution’s corporate /commercial sector in the risk function

Knowledge and skills required

  • Expert knowledge of commercial banking credit risk operations, credit analysis and controls.
  • Good knowledge of operational risk and rigor processes, tools and practices.
  • Proven people management skills and team leadership.
  • Proven ability to run a service operation, managing often conflicting priorities.
  • Computer literacy
  • Detailed knowledge of Corporate Business and risk products, policies, procedures and services
  • Working knowledge of local regulations relating to lending.
  • Awareness of products and services offered by competitor banks
  • Expert knowledge of commercial banking credit risk operations, credit analysis and controls.
  • Good knowledge of operational risk and rigor processes, tools and practices.
  • Proven people management skills and team leadership.
  • Communication
    and Influence – able to communicate effectively across a range of
    stakeholders in Sales, Risk and Operations
  • Innovation and change – the ability to spot opportunities to improve service and deliver on these
  • Leadership
    – the ability to direct the large number of staff in their team to
    ensure all play their part in attaining the overall goals
  • People Capability – the ability to form and develop a high-performing team with robust bench-strength
  • Problem
    Solving and Decision Making – the ability to quickly understand a
    situation and take decisive action that is bought into by stakeholders
  • Quality High Standards and Controls

Qualifications

  • Bachelor`s
    Degrees and Advanced Diplomas – Business, Commerce and Management
    Studies, Credit Risk (Meets all of the requirements), Digital
    familiarity (Meets some of the requirements and would need further
    development), Experience in a similar environment at junior specialist
    level, Openness to change (Meets some of the requirements and would need
    further development), Reasoning (Meets all of the requirements)

Deadline: 2024-07-26.

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