Senior Manager, Credit Risk Job Vacancy at NMB Bank – February 2025

Job Posting

Organization: NMB Bank
Location: Head Office, Tanzania
Department: Credit Risk
Reports To: Head of Credit Risk
Employment Type: Full-Time

Job Summary

NMB Bank is seeking a highly skilled Senior Manager in Credit Risk to oversee and ensure the effective management of credit risk within the Retail Banking portfolio. The successful candidate will be responsible for safeguarding compliance with lending practices, assessing credit risk exposure, and managing a team to ensure adherence to the Enterprise Risk Management Framework (ERMF).

Key Responsibilities

Credit Risk Management

• Drive and support the identification, assessment, and monitoring of the bank’s credit risk related to Retail Banking from a second-line defense perspective.
• Conduct regular Credit Portfolio reviews, identifying early warning signs and engaging stakeholders to implement corrective actions.
• Update and monitor key risk registers and controls, validating test results, and providing feedback to ensure compliance.

Team Leadership & Supervision

• Lead and manage a team within the Credit Risk department, developing and implementing performance and development plans.
• Ensure performance aligns with the bank’s goals and objectives and provide mentorship for continuous growth.

Credit Risk Reviews & Reporting

• Perform scheduled and event-triggered branch reviews, identifying early warning signs, and engaging stakeholders for remedial actions.
• Provide comprehensive performance reports on credit products and portfolio performance to the right forums.

Policy & Process Improvement

• Contribute to periodic reviews of credit and risk-related guiding documents, ensuring that business growth aligns with risk management principles.
• Establish controls and monitoring processes for collateral management, ensuring effective credit facility management.

Training & Compliance

• Coach stakeholders to adhere to the bank’s lending policies and procedures to manage credit risk.
• Ensure the adequacy of credit approval terms and compliance with monitoring processes and exceptions granting procedures.

Leadership & Communication

• Provide strong leadership, set clear performance expectations, and foster a culture of motivation and excellence within the team.
• Identify skills gaps and implement effective training programs.

Risk Reporting & Monitoring

• Monitor, measure, and report on the effectiveness of the bank’s internal credit risk controls.
• Ensure the submission of timely and accurate reports to risk management forums and stakeholders.

Qualifications & Skills

Experience & Skills

• 8+ years in banking or financial institutions with at least 5 years in credit risk management.
• Expertise in Retail Banking Credit products, including consumer loans, digital loans, and micro-lending for MSEs.
• Strong understanding of the Enterprise Risk Management Framework (ERMF) and risk management processes.
• Extensive experience in credit product formulation, auditing, and risk register creation.
• Proficiency in Microsoft Office tools (Outlook, Word, Excel, PowerPoint).

Educational Qualifications

• Bachelor’s Degree in Banking, Business Administration, Finance, Economics, or related fields.
• A Master’s Degree is an added advantage.

How to Apply

Interested candidates should submit:
✔ Application Letter
✔ Detailed CV
✔ Names and contact details (email & phone numbers) of three referees

📩 SEND applications to: CLICK HERE TO APPLY
📌 Subject Line: Senior Manager, Credit Risk Vacancy – NMB Bank

Only shortlisted candidates will be contacted.