NBC Bank New Vacancies – July 2025

NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.

Job Summary

Understand and challenge business performance including driving the cost optimization both on an entity and on a functional basis, via highly effective performance management information and supporting key business decisions through providing detailed analysis of the financial implications to improve the segment and overall bank returns

Job Description​

Accountability:  Support Function Partner – Productivity and Cost Management – 40%

• Drive the productivity and cost management agenda for the bank across the functions including IT, Sourcing, projects and other areas to improve efficiency.
• Review, analyze and track business cases for cost spend to ensure desired / committed returns are realized
• Drive automation of cost analytical reviews / insights dashboards for each cost center and business to identify areas where the bank can optimize.
• Review the bank’s cost allocation methodology to always ensure it is reflective of the cost driving units.
• Manage the business performance reporting of costs both operating and capital to support delivery of financial targets.
• Carry out regular communications with the various business function on issues relating to costs, business performance and financial targets, provide commentary & improvement initiatives such as cost saving initiatives.
• Support the check and challenge of Group recharges, to ensure that we receive value added services at the right cost
• Review and update cost allocation drivers at segments and branch level to ensure they are reflective of the cost support provided
• Provide the various functions with information required to enhance the business strategy
• Support the preparation of cost segmental reports in conjunction with the Finance Business Partners.
• Support the RAF, MTP & STP process by providing analytical drivers and processes of the cost plans
• Preparation of ALCO, Board, MBR, CMC inputs that relate to the various functional costs
• Carry out Revenue Assurance on a monthly to ensure income leakage is managed on the assigned Business income channels.
• Analyze and provide a detailed functional cost including actual achievements against STP/RAF targets.
• To challenge plans to commit costs, identifying areas for cost efficiency and managing the delivery of benefits
• Coordinate with Group finance by providing monthly analysis of Bank costs against STP targets at a functional level.

Accountability: Business Partnership – 20%

• To understand the key drivers of income and develop and report financial and other performance measures required by local management to monitor profitability of major products and of individual functions
• Drive automation of various performance reports / inputs to aide business decisions
• To monitor actual performance of business against target, analyze variances, both on entity and on a functional basis,
• To provide country & functional management information to function heads, including commentaries on variances to ensure business functions are accountable for their performance
• To respond to routine and ad hoc information requests from Finance Management/Function heads regarding business performance
• To work on scenarios to produce reports that enable the quantification of impact of changes in economic variables (interest, exchange, inflation) on our performance
• To support the business in the production of specific technical elements of management accounts including Regulatory & Statutory Reporting.
• To help produce the financial business case for investment projects in NBC and to monitor benefits by gathering data and calculating costs, benefits and returns
• Undertake key elements of strategic management activity, involving the identification of how value is created, destroyed and driven in the function
• Support management in identifying areas of opportunities, threats, risks & challenges within banking & competitor environment, by providing both financial & non-financial information
• Participate/challenge on FTP, cost allocation and cost apportionment process and methodologies to ensure a fair distribution of economic benefits & costs across functions
• Provide to functional heads performance data and all MI requirements which will help them to analyze trends, and support them in driving business performance
• Monitor the Returns by advising on efficient utilization of RWAs
• Manage the STP/MTP and strategy setting for the bank

Accountability:  Stakeholder Management – 20%

• Ensure effective and excellent communication and working relationships with colleagues in the department, the bank, group, and external auditors.
• Attend meetings and engage with Senior managers and other staff in the bank to facilitate understanding of cost and business performance
• Manage queries from external stakeholders that relate to costs and performance

Accountability:  Risk Management control and Compliance – 10%

• Understand the appropriate policies & standards applicable to role.
• Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Risk and Control Framework.
• Ensure that practices and controls required by policies are communicated to all relevant colleagues
• Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) principal risks.
• Maintaining procedures to monitor compliance with policies and any controls required by them

Accountability:  Team Leadership/Contribution – 10%

• Provide honest, direct and constructive feedback to fellow team members.
• Share knowledge experience and best practice with team members and other Finance colleagues
• Manage the provision of training and support to the finance team and other areas of the bank to build knowledge and capacity around accounting standards and practices.
• Proactive engage members of the bank’s senior leadership team committed to achieving success and providing support for colleagues.
• Pursue your own personal development to increase job effectiveness

Preferred

• University degree preferably in accounting and/or Finance Experience / Actuarial Science
• Professional qualification in Accounting such as ACCA or CPA, will be an added advantage.
• Stakeholder / customer relationship management experience
• 5 years technical experience in Analytics or similar role

Competencies: (Maximum of 8 competencies)

• Planning and organisation skills
• Ability to think creatively and identify innovative solutions
• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Strong ability to view issues from a risk & control perspective
• Highly numeric/strong analytical and problem-solving skills
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
• Up to date knowledge of all applicable tax laws and some considerable understanding of accounting technical issues (International Accounting Standards/IFRS, etc.)
• Demonstrated ability to maintain and enhance relationships with external stakeholders and staff to achieve work goals.

Technical Skills

• Detailed understanding of business and key drivers for improvement of returns
• Strong Computer skills and other Analytical tools – Excel, TM1, SAP, Power BI, SAS, Tableau, SQL, Python (added advance)
• Comprehensive understanding of product set and services of Corporate, SME, Treasury and Retail portfolios
• Detailed understanding of customer segmentation and service principles
• Good knowledge of commercial/retail and competitor environment
• An appreciation of the external economic, political, legal and regulatory environment and their impact to the business.

Qualifications

Bachelor`s Degrees and Advanced Diplomas – Business, Commerce and Management Studies, Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment at junior specialist level, Management information systems (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Personal mastery (Meets all of the requirements), Reasoning (Meets all of the requirements)

NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.

Job Summary

The Legal Counsel is responsible for provision of legal services to the National Bank of Commerce Limited (“NBC/the bank”) and its investments, including areas such as transactional support, litigation management, commercial contract management, legal risk management, governance, secretarial services, and general legal advice, and provides dedicated business-aligned support to all departments and unites of the bank.

To provide legal support and assistance to NBC’s Head of Legal and in identifying and managing legal risk in NBC and its investments liaising directly with the business as appropriate.

Partner closely with the business as a trusted Legal advisor, focusing on identifying and mitigating legal risks through commercially balanced, pragmatic, timely, and accurate legal adviceJob Description​

Accountability:  Legal Risk Management (50%)

Assist Head of Legal in:

• Supporting the business in the long-term growth by providing pragmatic and effective advice to manage legal risk across the business and assist in the design and implementation of procedures to manage this risk at an appropriate level.
• Ensuring that all aspects of legal risk are identified covered and controlled in the implementation of new projects, systems, procedures and products.
• Ensure the Legal risks are managed and mitigated and send periodic reports to Head of Legal and Management Committees.
• Implement effective Legal risk control frameworks and processes in accordance with the Legal, Regulatory and NBC Governance requirements/standards.
• Developing and delivering strategic legal risk management initiatives.
• Ensuring best practices are adopted and guidelines complied with, and that all activities comply with applicable laws, rules and regulations.
• Ensuring that changes and developments in legislation, regulations, guidelines and practices affecting the markets in which the business operates are analysed, evaluated and reported as required.
• Invest in institutional knowledge and training capabilities to upskill business colleagues and increase awareness of legal and regulatory requirements.
• Create, Review and Update standard documentation in line with the Legal Risk Management Policy to ensure legal risk is adequately managed.
• Manage relationships with external lawyers and monitor their performance and costs using best supplier management practices
• Support management of contracts and drafting emanating from the Procurement/Sourcing Team and lead on the use of standard/non-standard templates
• Manage the Key Risk Indicators.
• Drive the full contract lifecycle standardization of templates, review, drafting and negotiation through to execution and renewal. Also, prepare and manage commercial agreements (e.g., commercial, leases, vendor contracts).
• Embed Legal Policies within the business by creating awareness through training, regular circulars as a champion for the Legal Risk Management Policy and Standard.

Accountability:  Compliance & Risk Control (5%)

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework, internal NBC policies and Policy Standards and strong knowledge of legal risk management and controls
• Maintain a satisfactory control environment.
• Review the risk and Legal profiles of the business unit on a regular basis and provide consultative support to the Head of Legal and Management on changes that are required to rebalance risk and reward where required.

Accountability:  Management & financial information (5%)

Assist the Head of Legal in:

• Identifying and meeting management information requirements for the measurement of legal risk exposure, performance (both of internal and external legal resources) and productivity.
• Managing and controlling external legal resources in terms of cost and performance. Act as liaison between banking personnel and external legal advisors as appropriate.

• Managing the legal budgets for the business.
• Streamline and automate Legal processes using digital tools and technologies to improve efficiency and mitigate risks.

Accountability:  Service Management (30%)

Assist the Head of Legal in:

• Contributing to the development of the business strategy by providing innovative solutions to legal risk management.
• Liaising with various Business Heads as a legal point of contact.
• Develop and roll out litigation risk management and strategy in line with policy.
• Addressing and managing resolution of Legal queries arising from the business.
• Identify opportunities to increase efficiency by creating standardized legal templates and legal documents that are tailored to the specific needs of the business.

Accountability: Team Leadership (10%)

Assist the Head of Legal to

• Provide education, training, and support to the businesses on relevant legal risk issues and developments as appropriate.
• Ensure an up to date and relevant knowledge of principal areas of law and practice in Tanzania.
• Assisting Head of Legal in managing output from connected services such as Securities and Documents Unit, Recoveries and Peoples function.
• Actively engage with business to understand their objectives, challenges, and risks.

Continue building a Purpose-led, Values-driven, Outperformance culture in Legal to drive employee engagement and performance

Education and Experience Required

• Bachelor of Laws degree (LLB) from a recognized university
• Advocate of the High Court of Tanzania and other subordinates courts
• 8 years Post Qualification Experience in legal risk management in the banking and finance services or from a law firm specializing in banking/financial services .

Knowledge & Skills:

• Effective communication in written and spoken English – Ability to communicate effectively and in an impactful manner.
• Analytical, problem-solving skills with the ability to develop imaginative solutions – Having a pragmatic approach in balancing business needs vis-a-vis mitigation of legal risks by offering practical solutions with a strong commercial focus.
• Stakeholder management and networking skills – Develops constructive and collegiate professional relationships across the business in providing support to internal client base and build relationships with external advisors (legal and non-legal).
• Experience in banking and commercial law
• Knowledge and understanding of banking and financial business strategy, business, markets and products.
• Strong technical legal ability.
• Strategic planning and negotiation skills
• Project and resource management

Qualifications

Bachelor Honours Degree – Law, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Experience in a similar environment at senior management level, Legal Advisory and Interpretation (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)

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