Jobs

Head of Wholesale Credit Job at NMB Bank

April 3, 2025

Head Wholesale Credit Job Vacancy at NMB Bank – April 2025

Position: Head Wholesale Credit

Company: NMB Bank PLC
Location: Dar es Salaam, Tanzania
Working Hours: Full-time

Job Purpose

Responsible for leading, driving the performance of, and actively managing the credit assessment team and approvals with specific responsibilities for corporate borrowers as defined by the bank.

Main Responsibilities

Ensure the highest standards of credit quality through the assessment, sampling, and application of best practices to credit proposals.
Recommend only quality assets for approval while providing a balanced credit opinion with relevant risk mitigations.
Work with the origination team on timely reviews, including annual and interim reviews, for early identification of emerging risks and recommend remedial actions.
Deliver world-class credit assessment and evaluation services for the bank in the corporate space.
Advise CCO / CREDCO on any potential or actual shift in risk profile of a borrower or sector, providing mitigation or remedial action.
Ensure compliance with external and internal policies and regulations in credit assessments.
Ensure timely submission of credit applications to Credit Committees per agreed process and TAT.
Lead by example and mentor co-workers across departments.
Defend unit opinions in Credit Committees and ensure correct recording in meeting minutes.
Ensure proper credit risk management systems are in place, including credit rating, limit exposure aggregation, and risk acceptance criteria (RAC).
Assist in preparing and presenting credit approval requests to Credit Committees and contribute to pricing decisions.
Proactively support various risk-related projects and initiatives such as stress testing and IFRS 9.
Assist the Chief Credit Officer in developing and reviewing credit policies and setting the risk appetite for the bank.
Lead the bank’s credit audit assignments related to the corporate portfolio from the Bank of Tanzania and external auditors.

Knowledge and Skills

Strong understanding of credit analysis and risk management principles.
Good knowledge of Bank of Tanzania regulatory guidelines and reporting requirements.
Strong problem-solving and analytical skills.
Ability to manage system transitions and perform periodic computations.
Strong interpersonal and communication skills.
People management and relationship-building skills.

Qualifications and Experience

Bachelor’s degree in Banking, Finance, Business, Economics, Mathematics/Statistics, or related fields.
Professional qualifications such as CFA/CPA are an added advantage.
At least 7 years of banking experience, mainly in Credit Risk Management and corporate lending.
Experience with limit/collateral system implementation/management is preferable.
Exposure to credit risk modeling is desirable.

Additional Information

NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender-balanced workforce. Female candidates and people living with disabilities are strongly encouraged to apply.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. If you receive a request for payment, please ignore it.

Job Opening Date: 02-Apr-2025
Job Closing Date: 16-Apr-2025