Head of Wholesale Credit – NMB Bank

📍 Location: Head Office, HQ
🏦 Employer: NMB Bank
📝 Job Type: Full-Time

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Job Overview

NMB Bank is looking for a highly skilled Head of Wholesale Credit to lead and manage its corporate credit assessment team. This role is crucial in ensuring high-quality credit evaluations, risk mitigation, and regulatory compliance while supporting the bank’s corporate lending objectives.

Key Responsibilities

1. Credit Risk Management & Assessment

Oversee credit assessment for corporate borrowers, ensuring compliance with internal policies and external regulations.
Ensure only high-quality credit proposals are approved by providing balanced risk assessments with effective mitigations.
Work closely with the origination team to conduct timely annual and interim credit reviews, identifying emerging risks and recommending corrective actions.
Advise the Chief Credit Officer (CCO) and Credit Committee (CREDCO) on risk profile shifts within various industries, proposing strategic solutions.

2. Leadership & Team Management

Lead, coach, and mentor the corporate credit team, fostering a high-performance culture.
Defend the credit team’s decisions in Credit Committee meetings and ensure all recommendations are documented accurately.
Promote best practices in credit risk management and maintain a strong compliance culture within the team.

3. Regulatory & Compliance Oversight

Ensure that credit risk management systems (including credit rating models, exposure limits, and Risk Acceptance Criteria) are effectively implemented.
Assist in the development and review of credit policies, aligning them with evolving Bank of Tanzania regulations.
Lead the response to credit audits conducted by the Bank of Tanzania and external auditors, ensuring all queries are addressed promptly.

4. Process & System Optimization

Enhance the efficiency of the credit approval process, ensuring timely submission and review of loan applications.
Contribute to risk-related initiatives such as IFRS 9 implementation, stress testing, and risk modeling.
Challenge loan pricing structures to maximize value and ensure risk-adjusted returns.

What We’re Looking For

Qualifications & Experience

✔ Bachelor’s degree in Banking, Finance, Economics, Business, Mathematics, or a related field.
✔ Professional certifications (CFA, CPA) are a plus.
✔ 7+ years of experience in banking, with a strong background in Credit Risk Management and Corporate Lending.
✔ Experience with credit risk modeling, collateral management, and exposure limit systems is desirable.

Skills & Competencies

✔ Strong credit analysis and risk management expertise.
✔ In-depth knowledge of Bank of Tanzania regulations and evolving credit policies.
✔ Excellent problem-solving, analytical, and decision-making skills.
✔ Strong communication and stakeholder management abilities.
✔ Proven leadership and team management experience.
✔ Ability to handle system transitions and data-driven decision-making.

Why Join NMB Bank?

✅ Work with a leading financial institution in Tanzania.
✅ Opportunity to lead a high-impact team in corporate credit risk.
✅ Competitive salary and benefits package.
✅ An inclusive work environment that supports gender equality and diversity.

How to Apply

🔹 Application Deadline: 16th April 2025
🔹 Apply Online via: NMB Bank Careers Portal

🚨 Important Notice: NMB Bank does not charge any application or recruitment fees. If you receive a request for payment, please disregard it. Only shortlisted candidates will be contacted.