NAFASI ZA KAZI NIC BANK
NIC Bank Tanzania is a Commercial Bank licensed by Bank of Tanzania to carryon banking business across a network of Branches. NICBTZ is looking for committed, self-driven, dynamic and competent qualified candidates to fill the vacancies below;-
RELATIONSHIP MANAGER (2 positions)
Reporting: Head of Corporate Banking
Principal Purpose:
To provide powerful leadership, deliver exceptional branch growth, customer service and profitability, through identifying and developing business opportunities for all NIC Bank products to include; Personal Banking, Business Banking, Asset finance, IB, Corporate, Bank Assurance with the intention of monitoring acceptable credit risk and maximizing the bank's return from each client.
Identify, cultivate and develop business relationships with clientele from the bank's segmental market.
Key Responsibilities:
• Create and manage corporate banking relationships and ensure optimal sells to all customers being treasury customers or corporate by way of joint calls and cross selling.
• Identify and develop new business proposals efficiently and expeditiously to ensure that potential new business opportunities with existing and new clients are exploited to achieve budgets
• Formulate and implement sales plan/strategy for the Branch aimed at increasing new business and share of wallet form existing client
• To manage customer relationships to ensure retention by making sure that all any other issues are resolved within reasonable and agreed time
• Assess and recommend high quality credit facilities for clients and potential clients and thereafter oversee completion of all related security documentation with a view to maximizing earnings and minimizing bad debts. The full process to be handled in a professional and efficient manner and in conformity with Credit Policy requirements
• Initiate and monitor Customer/Bank contact at all levels for assigned clients to ensure highest standards of service are maintained. Proactive client relationship management to ensure that all loan covenants are complied with at all times and services delivery to customers is fiawless. Ring-fence existing business to avoid attrition to competition
• Generally ensure continued safety and quality of loans and advances portfolio by regularly auditing all security documentation and inspecting assets charged. Carry out facility reviews timely and resolve audit queries within allocated timeframe. Manage daily account excesses and arrears positions to ensure that account conduct is at all times within acceptable standard
• Adequacy of personal and interpersonal competency to effectively perform Relationship Management Tasks
• Minimization of exposures to and impact of risks associated with KYC, AML and portfolio maintenance.
Qualifications, Knowledge and Experience
• At least Bachelor Degree in Business Management, Economics, Finance, Commerce
• Professional banking qualifications will be an added advantage.
• At least 3-5 years work experience in Corporate Banking or similar business line in Banking.
• A comprehensive understanding of Banking market, practical knowledge of Relationship Management.
• Strong marketing, lending, negotiating and decision-making ability coupled with good knowledge of bank products, banking regulations and local business practice and backed by good computer skills.
• Effective communication skills to manage customer expectations (internal and external) and other stakeholders who impact performance
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HEAD OF RISK MANAGEMENT AND COMPLIANCE
Reporting: Managing Director and Board Risk Management Committee
Principal Purpose:
To support the BRMC and Managing Director, in developing and implementing an integrated Bank Risk Management Framework that manages its strategic, tactical and operational objectives in a controlled environment with balanced risk portfolios and ensuring the Bank is rewarded appropriately for those risks.
Key Responsibilities:
• Comprehensively list key risks identified through independent reviews of the business/support functions, & internal/external/BOT audits of the Bank
• Highlight significant co-relationships between key risks
• Develop, get approved' & implement appropriate management dash-boards/traffic lights, stages & absolute tolerance levels/limits for key risks
• Develop and implement appropriate measurement metrics, models & MIS for each key risk and comparisons to industry best practice
• Review & update relevant measurement metrics/models in line with the dynamic external & internal environments
• Provide appropriate M.IS (including their quantum, direction & trends) to Senior Management and BRMC for review and action
• Periodically track actual & trend analysis of key risk measurement results against approved tolerance levels.
• Extract exceptions from the measurement results, agree & set mitigation strategies for the-key risks identified (ie. accept but limit, transfer/insure, avoid where tolerance is NIL, accept where minimal).
• Follow up for implementation of corrective action on exceptions to approved tolerance levels
• Review major changes in markets, products, business lines, processes, technology, amongst others, ensuring compliance to approved tolerance levels before roll-out
• Periodically report the Bank's risk profile using approved MIS, Metrics & Models
• Report all exceptions of approved risk tolerance levels to BRMC/Senior
• Management while outlining the agreed corrective actions & their implementation timelines
• Confirm corrective actions attained to close risk gaps
• Provide appropriate feed-back to the Board Audit & Compliance
• Committee for an effective control environment during audit programs implementation
• Develop an appropriate and Regulator/Basel Accord compliant ICAAP.
• Implement the ICAAP (including a Stress Testing) model to arrive at appropriate minimum Economic Capital levels for the Bank
• Periodically & continuously test/review the ICAAP to ensure it provides acceptable buffers to key risk shocks
• Develop & continuously review the relevant Key Risk Policies as required by regulators/Basel Accord/ERM,
• Continuously review all new & existing Bank operating
• Policies/Procedures for their control appropriateness with relation to approved tolerance levels
• Develop, implement & continuously review an appropriate Compliance
• Risk Management structure, policies and processes covering legal/regulatory, policies, ethical/code of conduct standards for the Bank
• Develop and implement KYC, AML, Suspicious Transactions, Legal/Regulatory and Policy Compliance functional tasks
• Develop and implement periodic compliance plans and train/create awareness, test, review plus report to ensure this risk is managed appropriately
• Liaison with Correspondent Banks and other counterparty relationships for KYC/AML and managing queries or issues raised therein
• Review emerging legal/regulatory requirements and counsel/train the relevant business or support functions to create awareness and strategies/policies/processes ensuring timely compliance to envisaged legal changes,
• Liaison with regulators for purposes of External Audit Reviews,
• Compliance Reporting and supervise the follow-up of corrective compliance actions by business & support units on issues highlighted by regulators.
• Develop, implement & review an appropriate Risk Management & Compliance structure that adequately captures and controls the Bank's key risks through an acceptable Risk Management Framework
• Train & create staff awareness to departmental and Bank staff on acceptable risk & compliance practices/cultures while ensuring compliance to approved policy and regulatory tolerance levels
• Supervise, coach and mentor staff reporting to this function
Qualifications, Knowledge and Experience
• Degree in Business Management: Accounting Economics, Commerce, and Finance or related fields (MBA will be an added advantage)
• Qualifications in Risk Management. Credit Management, Treasury Management, Operational Risk Management, Compliance Risk Management, and related fields will be an added advantage.
• Over 10 years of all-round working experience in a banking environment at risk, corporate audit, credit management, central operations, treasury, amongst others,5 of which must be at senior management level and in particular credit, operations and treasury functions.
• In depth understanding of the workings in various functions of the Bank's set up ie. full Credit Management process, Branch & Central Operations, Trade Finance, Treasury Management (front, middle & back-office), Credit Operations (incl. Securities & Credit Administration), Capital/Money Markets & Insurance Fields.
• Ability to analyse, interpret and draw conclusions! recommendations based on financial statements while combining this with other strategic, tactical and 6perational data or analytical information on the Bank
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HEAD OF INTERNAL AUDIT
Reporting: Board Audit Committee and administratively to the Managing Director
Principal Purpose:
• To carry out independent assessment of business and operational risks and review internal control systems, records and processes and make appropriate recommendations on the adequacy of internal controls to ensure proper, economic, efficient and effective use of the bank's resources.
• To champion the formulation and implementation of the internal audit strategic plan and execute the annual audit plan through provision of quality leadership of the Internal Audit department.
• It involves conducting an independent, objective assurance and consulting activity designed to add value to NIC Bank Group's operations. Emphasis is on evaluation and improvement of effectiveness of risk management, control and governance processes.
Key Responsibilities:
• Formulate 'and implement the audit strategy to evaluate the standards of risk management, accuracy of the records, procedures and control systems throughout the bank
• Assess and advice on internal control systems and risk in all business and operational areas of the bank including review of the suitability and reliability of management information systems.
• Design, review and continually update risk based audit procedures and compliance tests to monitor performance of all profit f cost centers against corporate targets and budgets. Review procedures, processes and records to ensure they are in line with the bank's objectives and appraise policies and plans of activities, departments and functions under audit review.
• Audit the strategic business units and departments of the bank as per approved Annual Audit Plan.
• Identify the potential high risk areas of the bank with the view to give them more weight in terms of audit timings, frequency and resources.
• Ensure that the Internal Audit function complies with sound internal audit-standards with appropriate code of ethics.
• Examine and evaluate the adequacy and effectiveness of the system of internal controls.
• Review the application and effectiveness of risk management procedures and risk assessment methodologies.
• Review the adequacy of management information system.
• Review the accuracy and reliability of the accounting records and financial reports.
• Review the system of assessing capital in relation to assessment and estimation of risks.
• Assess the efficiency of the usage of resources.
• Review the system established by the Management to ensure compliance with legal and regulatory requirements, code of conduct and the implementation of policies and procedures.
• Carry out special investigations.
• Liaise with departmental heads to ensure that audit findings and recommendations were fully implemented.
• Prepare audit reports to be submitted to the BAC on quarterly basis.
• Liaise with external auditors and other regulatory monitoring agencies and implement recommendations to improve controls, promote growth and ensure compliance with the law,
Qualifications, Knowledge and Experience
• Degree in Finance, Banking or Accounting with relevant professional training in Risk Management
• Minimum 8 years' working experience senior management level.
• CPA or equivalent and be registered Board of Accountancy and Auditors, ACCA, ClSA is mandatory
• Ability to anticipate and mitigate risk Management Policies
• Excellent knowledge of International Accounting and Audit Standards, Legislations
• Good understanding of the regulatory issues, reporting and operational requirement as provided by the regulators
• Decisiveness, resilience and good presentation skills
• Leadership Skills, Team Building and ability to train, develop and mentor staff
Remuneration
NIC Bank Tanzanias an equal opportunity employer. The Bank offers an attractive remuneration package, career development opportunities and an excellent working environment.
Application letter with detailed curriculum vitae must be sent by email careers@nicgroup.com before 3rd November 2017. Regulated by Bank of Tanzania NIC Bank Limited is a wholly owned subsidiary of NIC Bank Group Plc.
Source The citizen 20, October 2017
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