Head; Compliance
Reporting Line: Chief, Risk and Compliance
Job Purpose
Asses the adequacy of efforts made by Management and
operational staff in complying with regulatory requirements and support
management in building a robust compliance culture based on ethical
standards of behavior and thus contributing to effective corporate
governance.
Introduce, review, seek approval and implement all compliance related policies
For internal policies belonging to other units;
review, provide recommendations, inventories and assess compliance to
regulatory requirements on the internal policies, procedures and
guidelines, ensure a follow-up of any identified deficiencies, make
recommendations for amendment, where necessary and supervise the
implementation of corrective measures to mitigate the identified
deficiencies.
Identify and keep an inventory available to all staff of essential laws and regulations pertinent to the organization.
Advise the applicable laws, regulations, rules and
standards and inform about any developments in these areas and any
policy that needs to be in place.
Main Responsibilities
Identify and assess the compliance risks associated with the
organization’s current and proposed future business activities,
including new products, new business relationships and any extension of
operations or network.
Responsible as the Bank’s Money Laundering Reporting Officer
(MLRO) hence ensure appropriate internal controls and procedures for
money laundering prevention are in place and functioning as intended.
Monitor compliance with internal policies, procedures and
guidelines by performing regular and comprehensive compliance risk
assessments and testing; report the results on a regular basis and
promptly where deemed necessary to executive management and, if
necessary, the Board of Directors.
Liaise with relevant external bodies and regulators on
compliance matters; exercise any specific responsibilities such as
reporting suspicious transactions in order to counter money laundering
and the fight against terrorism financing.
Assess the appropriateness of internal policies, procedures
and guidelines, including writing new policies, review existing
policies, follow-up of any identified deficiencies, make recommendations
for amendments, where necessary, and supervise the implementation of
corrective measures to mitigate the identified deficiencies.
Identify and keep an inventory available to all staff of
essential laws and regulations pertinent to the organization in order to
centralize all information of compliance-related issues (e. g: breach
of regulations, procedures, conflict of interest) in order to identify
compliance issues.
Advise management on the applicable laws, regulation, rules
and standards and inform them about any developments in these areas and
educate staff with respect to compliance with the applicable laws, rules
and standards
Act as an advisor on compliance queries from staff members.
Attributes
Business understanding of regulatory requirements and Banking laws
In-depth understanding of Compliance Risk, bank's products, all bank’s policies, operational procedures and operating systems
Knowledge of the controls and procedures on Branch operations.
Policy-writing, Core Banking System, effective risk management, Standard Computer literacy
Behavioural: Communication, Influencing, Relationship
management, Attention to Detail, Time management, Planning and
Organizing, Coaching, managing the performance of others, ability to
promote strong risk management culture
Qualifications and Experience
Minimum of a Bachelor’s degree in Law / Economics / Banking/ Finance or equivalent qualifications
A minimum of 10 years work experience preferably
in Compliance/Risk management or Audit; internal audit or legal of
which 5 years should be at a managerial level
Experience in building and developing high performance teams.
NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.
Please be advised that if you are not contacted within 14
working days of the advert closing date then you have not been
shortlisted.
“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”.
Location:
Deadline:2019-11-30
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Job Title: Head; Wholesale Credit
Job Purpose
To
lead, drive the performance of, and actively manage the team charged
with the business of credit assessment and approvals with specific
responsibilities for the Corporate Borrowers as defined by the Bank
Ensure
the highest standards of credit quality through the assessment,
sampling and application of best practice to credit proposals and
maintenance of the standards
Ensure that only quality assets are recommended for approval and on-boarded.
Drive
origination team on reviews including annual and interim review of
early and timely identification of emerging risks and recommend remedial
actions
To 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
Main Responsibilities
Assure quality of the credit assessments done by the unit are in
compliance to both external & internal policies and regulations.
Ensure that all applications submitted to Credit Committees are complete and timely distributed to the members
Lead by example and be the coach and mentor of coworkers
Defend the opinion of the unit to the Credit Committees and ensure that this opinion is correctly captured in the minutes
Ensure 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 preparation and presentation of credit approval packs/ requests to the Credit Committees Challenge pricing
Contribute proactively to various risk related projects and
initiatives owing to synergies (eg 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 & Standards
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.
Attributes
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; workflow management skills
People management skills; Excellent interpersonal and communication skills
Qualifications and Experience
A minimum of a Bachelor’s degree in Banking, Finance, Business, Economics, Mathematics / Statistics
Professional qualifications e.g. CFA/ CPA preferable
At least 7 years of banking experience, with the most of it being in Credit Risk Management including corporate lending
Exposure to Limit/ Collateral system implementation/ management is preferable
Exposure to credit risk modelling is desirable
NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.
Please
be advised that if you are not contacted within 14 working days of the
advert closing date, then you have not been shortlisted.
Deadline: 2019-11-29
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