Job Location :
\nHead Office<\/p>\n
Job Purpose:
\nResponsible for leading the Retail Credit Assessment team through competent management, assessment, administration, inspection, monitoring, and reporting on the credit risk of the bank. This ensures the sustainably profitable position of the Bank by originating and maintaining a Retail Credit portfolio which contributes to the Bank\u2019s strategy.<\/p>\n
Main Responsibilities:<\/p>\n
Manage the Credit Retail personnel to assess the business and financial risks in credit applications through reviews and approvals\/rejections of credit applications, as measured by feedback to Credco\/CCO\/Head of Retail Credit.
\nLead, drive the performance of, and actively manage the team charged with the business of credit assessment and approvals with specific responsibilities for the Retail Borrowers as defined by the bank.
\nEnsure the highest standards of credit quality through assessment, sampling and application of best practice to credit proposals and maintenance of the standards throughout.
\nAdvise the Head; Retail Credit timely on any known potential or actual shift on risk profile of a borrower \/ sector providing mitigation or remedial action in the process.
\nAnalyze and manage the credit analysis requirements for counterpart risk and issuer risk. Entities include Individuals, Sovereigns, Financial Institutions, Corporates, Non- Bank Financial Institution, as measured by reviews of all Retail, NBFI and Sovereign entities.
\nInvitee to Credit Committees, Watchlist Committee, and Board Credit Committee on a need basis.
\nEngage in front office liaison to identify and mitigate credit risks at the earliest stages and ensure that business is properly structured to maximize the banks protection against credit loss to identify hot spots, sweet spots and black swans in the portfolio.
\nWork closely with the Head; Retail Credit, Zonal Managers and Branch Managers in streamlining the operational functions of the bank and recommending beneficial operational changes from time to time.
\nWork closely with other Zonal Managers in identifying areas of improvement in the Current Products, Processes and Services and recommending appropriate solutions to minimize risks.
\nManage the information flow in both directions (upwards and downwards).
\nBuild, develop and lead \u201cWinning Teams\u201d through good guidance, training and empowerment.
\nBe a Role Model in all aspects of management to the direct reports and other team members within the network.
\nImplement the bank\u2019s Performance Management directives.
\nEnsure that staff understand the context of their role in relation to the department and bank strategy
\nManage the performance of departmental staff including contracting, reviewing, and appraising performance
\nDevelop models for measuring Value at Risk (VaR), including default probability, loss given default and rating migration.
\nAssist in preparation and presentation of credit approval packs\/ requests to the Credit Committees Challenge pricing to maximize value. Ultimate sign-off at customer level remains with Chief Retail Banking \/ Pricing Committee.
\nSupport the Head; Retail Credit in the risk aggregation, Management and proactive monitoring processes.
\nDevelop credit risk measurement methodology.
\nEnsure full compliance, provide oversight as well as monitor the implementation of various consumer protection requirements across business area\/Unit.
\nLead the bank\u2019s credit audit assignments in relation to the bank\u2019s retail portfolio from the Bank of Tanzania and External auditors and ensure all audit queries are attended to timely.
\nManage credit risk related policies and procedures of the bank as well as staffing and development of the function.
\nTo Develop internal assessment models for quantification of product-related credit risks and ensure communication of key risk register.
\nEnsure full compliance, provide oversight as well as monitor the implementation of various consumer protection requirements across business area\/Unit.
\nEnsure full engagement with MI and Credit Reporting on issues to do with data clean-up for CRB, BOT, internal and external audit findings and related action items towards closure of the findings.
\nEngage in initiatives towards proactive understanding and management of IFRS 9 impairments in closely managing key metrics PAR, NPL and ECL (general and specific)
\nIn close engagement with the Special Asset Management (SAM) department, develop, understand the disseminate lessons learnt for focused communication including proactive strategies to learn and improve the book quality.
\nEngage in system development to ensure the credit functionalities are fully understood and embedded in the offerings, ensure that the relevant staff are fully involved in end-to-end robust testing to ensure the requisite functionalities are provided to the Bank\u2019s satisfaction.<\/p>\n
Knowledge and Skills:<\/p>\n
Retail credit, Specialist asset management, Business Law, Wholesale and Retail credit.
\nTechnical\u00a0\u2013 Business understanding of structured transactions
\nBehavioural\u00a0\u2013 Leadership of Change, Adaptability, Coaching, Delegation, Managing Employee Performance<\/p>\n
Qualifications and Experience:<\/p>\n
Bachelors degree in Banking, Business Administration, Finance, Accounting, Commerce, Law, Economics or related fields.
\nMaster\u2019s degree in business studies is an added advantage
\nPostgraduate education in Banking and\/or Banking certification(s) is an added advantage.
\nAt least 5 years\u2019 experience in Credit Management (Preferably Retail) with leadership experience in medium to large organizations.
\nNMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving gender balanced workforce.
\nFemale candidates and people living with disabilities are strongly encouraged to apply for this position.
\nNMB 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.
\nOnly shortlisted candidates will be contacted.<\/p>\n
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