2 Job Opportunities at NMB Bank – January 2025

Overview

ABOUT US

Offering banking services to individuals, small to medium sized corporate clients, government services, big corporations, and farm finance, NMB Bank Plc is among the biggest commercial banks in Tanzania. Following the breakup of the former National Bank of Commerce, by an Act of Parliament, NMB Bank was founded under the National Microfinance Bank Limited Incorporation Act of 1997. Three new companies emerged at the time: National Microfinance Bank Limited; NBC Holdings Limited; National Bank of Commerce (1997) Limited.

Representing all districts of Tanzania, the bank has 226 branches, over 9,000 Agents (Wakala), and more than 700 ATMs spread over the nation. NMB employs more than 3,400 people and boasts more than 4 million clients. It is listed at the Dar Es Salaam Stock Exchange; the Government of Tanzania with a 31.8% shareholding and the strategic partners Arise B.V with a 34.9% interest are its main shareholders. For eight years running, 2013–2020 Euromoney honours for excellence chose NMB as the “Best Bank in Tanzania”. Global Finance Magazine has rated the bank as The Safest Bank in Tanzania for 2020.

JOB TITLE:

The job location is Head Office.
Responsible for supporting assessments and management of problematic loans and other exposures requiring a high degree of attention to minimise risks, mitigate losses, and return profit through rehabilitation and restructuring.
Principal duties:
Under acting capacity in the absence of the SAM Team Leader, function as a point of contact for the SAM team throughout Early Warning Lists (EWL) accounts to discuss particular issues and suggest solutions or tactics.
In charge of deciding the goals, plans of action, and policies to be followed in order to handle business risk concerns, lower the bank’s risks, and provide long-lasting turnaround solutions, so enabling the return of the customer to Relationship Management in the corporate divisions.
Maintaining bank income sources where a turnaround on unique assets through rehabilitation is possible helps to preserve them.
Lead conversations with relationship managers to pinpoint risks, business risks, and important concerns for certain clients. Support Senior Manager Wholesale Recoveries & Restructuring Lead proactive strategy development and application in order to reduce such risks.
Through client visits, actively handle consumers to guarantee fast resolution of business and banking risk issues.
Close cooperation and early identification of stressed assets result from managing relationships between business divisions and the credit department.
Provide competent business support meant to help worried customers overcome difficulties.
Reviewing/measuring business and bank risk, evaluate client progress based on outcomes shown by their reporting packages.
Review financing proposals, client strategy and plans, budgets, and cash flow sensitivity analysis.
For credit teams debating particular issues or when more general inputs from a SAM Unit “specialist” are needed, act as a reference point for customer relationships.
Discuss the agreement to, and application of, strategy, e.g., new lending propositions, terms and conditions of continuous bank support, etc., in great detail with clients, sometimes in cooperation with business relationship managers.
Handle client interactions in a way that raises customer satisfaction and strengthens the NMB brand by means of professional conveyance of often difficult messages.
When appropriate, assign account responsibility outside of the restructuring/rehabilitation team—perhaps to the recovery team.
Handle all transactions related to the regular running of the accounts under the unit managers.
Control provisions and interest that is suspended.
Find skills gaps among team members; then, use good coaching and counselling to communicate and fulfil any training needs.
Help and counsel team members on developing plans for more complex accounts in their own portfolios.
Skills and Knowledge:
Business knowledge of the bank’s loan products, end-to-end credit procedure.
Excellent understanding of the local legal system, insolvency legislation, security concerns, and bank alternatives.
Technical bank credit policies, systems, and practices, Restructuring, Credit Approval, Computer Ability
Behaving Coach: communicate, influence, relationship management, negotiation, time management, self-directed work, risk management cultural promotion, performance management
Qualifications and Experience:
Bachelor’s degree in allied disciplines: banking, commerce, accounting, economics, or finance.
One more benefit will be similar professional qualification, or ACCA.
At least five years of experience in special asset management, business support, or rehabilitation units in a commercial bank, ideally with asset management exposure.
Knowledge in credit risk analysis as well as corporate customer relationship management.
Experience in handling top management of corporate companies

Equitable Opportunity Employer is NMB Bank Plc. Our commitment is in building a varied atmosphere and a staff with equal numbers of men and women.
Applications for this post are especially welcomed from female candidates and those living with impairments.

NMB Bank Plc charges no fees related to the application or hiring process. Please throw away any solicitors you get asking for a charge.

Only those on short lists will be contacted.

TO APPLY FOR THIS JOB, CLICK HERE.