Role Title: Chief Risk & Compliance
Reporting Line:Chief Executive Officer
Location:NMB Head Office Dar es Salaam
Application deadline:1st December 2017
Company Description:
NMB Bank Plc. (“NMB”) is a full service commercial bank incorporated in the United Republic of Tanzania. Through its 4 main business divisions: Retail, Wholesale, Agribusiness and Treasury, NMB provides a suite of financial services and products to retail customers, Small and Medium Enterprises (SME’s), Corporates, institutions and the Government. The bank has 200+ branches, a growing number of 3500 Wakala and 700+ ATMs across the country and is present in 98% of all Government districts. NMB has over 2.5 million customers and employs over 3,400 staff. The Bank is listed on the Dar es Salaam Stock Exchange in Tanzania. With a balance sheet size of over TZS 5.3 trillion, NMB has consistently been the most profitable bank in the country for the last 11 years.
For the 5th year in a row NMB was declared Best Bank in Tanzania by Euromoney in the framework of Africa Awards for Excellence.
“NMB today is the bank that works, rather than one which exists. Tough decisions around capital, businesses and people have been made. Throughout that process, NMB has continued to deliver strong profits and pay industry-leading dividends to shareholders.” NMB’s Managing Director, Ineke Bussemaker, said innovative products, technology and investments in digital banking coupled with the widest branch network and ATM’s have contributed to the transformation of the bank making it the best bank for financial inclusion. “Solving the challenge of the countries unbanked will take investment, innovation and an ability to bring together key players in payments and other banking services. Currently, we are one of the key players in financial inclusion in the country and will continue to bring banking solutions fit for the majority.” said Ineke Bussemaker.
Winning the Best Bank Transformation in Africa and the Best Bank in Tanzania awards is a clear indication that our efforts are recognized not just in Tanzania but across the region.
Job Purpose:
The job holder is responsible for planning, implementing and coordinating all Risk Management and Compliance activities across the bank, to ensure Credit, Operations, ICT and Market quality risk management structures are in place and aligned with the business plan and goals of the bank, and also to assess the adequacy of efforts made by staff in complying with regulatory requirements.
Key Responsibilities:
• Identify and assess the Credit, Operations, ICT and Market Risks issues associated with the organization’s current and proposed future business activities, including new products, systems, processes, new business relationships and any extensions of operations or network
• Responsible for forensics, corporate security and transaction monitoring teams
• Through the Head of Compliance be responsible for the Regulatory Risk Management and other compliance related requirements as well as AML/CTF and Sanction Risk Governance
• Be the owner of the Bank Risk Appetite Statement and ERM (Enterprise Risk Management), create and follow through on ERM work plan
• Based on a thorough understanding of the international risk framework (eg Basel III) apply the framework to NMB
• Assess the appropriateness of internal policies, procedures and guidelines, including writing new policies, reviewing existing policies, following-up on any identified deficiencies, making recommendations for amendments, where necessary, and supervising the implementation of corrective measures to mitigate the identified deficiencies/risks
• Prepare and monitor the Risk Management Assessment Policy with a view to integrating risk management into all aspects of the bank's functions
• Liaise with Internal Audit to ensure that the Business Units test and update all Risk Control programs
• Ensure pro-active processes exist for business managers to understand and actively manage all significant risks inherent to their business for monitoring and control
• Be accountable for second line of defense
• Monitor, analyze and develop risk profiles of new areas of activities and ensure that they conform to regulatory requirements
• Ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended
• Fraud investigations
• Create a compliance risk matrix for all laws/by-laws/circulars and guidelines the bank is subjected to, for regulatory compliance and risk mitigation
• Oversee compliance monitoring and intervening on the bank’s compliance with internal policies, procedures, guidelines and training of bank staff
Attributes:
• Impeccable integrity
• Natural authority with unmistakably independent position
• Analytical and investigative skills
• Sound understanding of credit risk, operational, ICT and market risk
• Sound understanding of the continuously changing risk landscape in financial services
• Sound understanding of the international framework related to risk and compliance (BASEL II, III, IFRS 9, ICAAP) and its application to a specific organization
• Passion for risk and compliance in NMB, current state and future developments
Key competences:
• Execution: achieving results through others, leading team, peers etc.
• Collaboration: creating synergies through working in partnership, teamwork
• Influence: persuading and influencing stakeholders
• Change Potential: driving and responding to change
Qualifications and experience:
• Master’s degree in Finance or related field gained from a recognized university
• Risk and compliance certification (preferably FRM)
• Post graduate qualifications in banking is an added advantage
• 15+ years’ relevant experience, 5 years at senior management level
• Proven track record in risk and compliance in banking, ICT, pension funds or a leading audit firm
This position is open to Tanzanian nationals only.
If you consider yourself to be a strong candidate based on the requirements for the role, we invite you to apply by sending your letter of application and CV to executives@nmbtz.com
TO APPLY CLICK HERE
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