Job Opportunities at NMB Bank PLC – July 2020

Job Opportunities at Nmb Bank PLC

Job Opportunities at Nmb Bank PLC NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium-sized corporate clients, government services, large businesses, and agriculture lending.

NMB Bank was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of Parliament. Three new entities were created at the time, namely: (a) NBC Holdings Limited (b) National Bank of Commerce (1997) Limited and (c) National Microfinance Bank Limited.

Job Title: Data Risk Analyst 

Job Purpose

The Analyst is responsible for executing investigations to identify relationships that pose money laundering, terrorist financing, fraud, and sanctions risks.
The Analyst/Investigator compiles evidence and documentation in compliance with AML procedures and regulatory requirements prior to escalations of potential Suspicious Transaction Reports (STRs) to Money Laundering Reporting Officer (MLRO).
Ensure efficient identification and monitoring of suspicious activities and transactions

Main Responsibilities

  • Maintain a well-informed and all-inclusive knowledge of current money laundering and terrorist financing behaviors, issues, criminal typologies, industry best practices, regulations, and developing trends.
  • Support implementation of an effective AML Transaction Monitoring (TM) alert analysis and suspicious activity investigations program to ensure compliance with relevant AML/Sanctions laws and regulations.
  • Implement Transaction Monitoring techniques to support the identification of risks around Money laundering, Terrorism Financing, Economic Sanctions, Fraud, and Operational risks consistent with the bank’s Financial Crime Compliance Risk Governance Framework.
  • Monitor potentially suspicious patterns of activity and recommend changes to rules, parameters, and thresholds maintained within the transaction monitoring system to ensure its continued effectiveness.
  • Research, analyze, and investigate Transaction Monitoring alerts behavior for potential money laundering or terrorist financing, fraud, and sanctions-related risks in accordance with the Bank policies and procedures.
  • Determine if alerts can be closed or warrant further investigation and elevation to an active investigation in the case management system.
  • As necessary, use available research tools (public internet sources as well as third party sites) to identify information concerning transactions identified for further investigation.
  • Request additional information by contacting various business personnel throughout NMB Bank to determine if facts and circumstances surrounding unusual transactions warrant closure of the investigation or if further reporting is warranted.
  • Ensure that detected information regarding AML & Sanctions violations are effectively communicated to the Head of Compliance (MLRO) in a timely manner per agreed SLAs.
  • Provide regular reports and communication on the status and health of the Transaction Monitoring alert analysis and suspicious activity investigations program to the Manager TM and Head of Compliance.
  • Ensure a strong operational understanding of TM screening systems and the ability to propose changes to support functional requirements gathering in cases of a need for a systems upgrade.
  • Ensure the production of timely and effective AML Transaction Monitoring-related management information (“MI”) and other applicable information to Manager TM.
  • Ability to propose, created, test, and modify new and existing detection scenarios in the system based on various trend reports and requests from TM Rules Finetuning committee, Head of Compliance, and CRCO.
  • Implement strategies to address increases in alert volume by enhancing the effectiveness and efficiency of alert reviews while maintaining the ability to address risk.
  • To liaise with product teams and get a thorough understanding of the banking products and make necessary changes in the fraud rules.
  • Perform analytics on rules performance, report non- performing rules, their root cause analysis, and plans for improvements.

Skills and Knowledge

  • Knowledge of Transaction Monitoring systems, analytical and investigative processes, and reporting requirements.
  • Ability to identify, escalate and communicate issues to management in an effective and succinct manner
  • Strong knowledge of AML laws & Sanctions regulations and their application.
  • Advance knowledge of Excel, Access, Word, PowerPoint, and Projects.
  • Excellent written, verbal communication, and analytical skills

Qualifications and Experience

  • A minimum of Bachelor’s degree or equivalent in business, economics, Finance, Risk management, law, Computer science, or related field.
  • Holder of Certified Anti-Money Laundering Specialist (CAMS) certification, or intention to pursue within 12 months of employment.
  • Knowledge of databases, networks (LAN, WAN) and patch management
  • Minimum 2- 4 years in financial services operations and 3 years’ experience with Transaction Monitoring systems.
  • Experience as an AML investigator in a transaction monitoring capacity or equivalent experience or education
  • Experience with different well recognized AML Systems strongly preferred.
  • Knowledge of system security and data backup/recovery;
  • Familiarity with various operating systems and platforms

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.

Please be advised that if you are not contacted within 14 working days of the advert closing date then you have not been shortlisted.

“NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it”.

Deadline:2020-07-28

CLICK HERE TO APPLY

 

Job Title: Senior Manager, Compliance  

Job Purpose

Serving as the Data Protection Officer of the bank (DPO) is expected to support the design, development, and implementation of strategies, standards, and procedures to support the Data Governance program while facilitating adherence to the NMB Enterprise Data Governance framework for data policies, standards, and practices.
In close coordination with Head of Compliance, develop and ensure the implementation of the annual Compliance Risk Management Plan cutting across Financial Crime Compliance Risks, Regulatory Risk Monitoring, Transaction Monitoring, and Zonal Compliance Monitoring, Training, and Operations.
To assist the Head of Compliance in the day-to-day management of the Compliance Department by imbuing and imparting strong team-building and people management skills to achieve desired objectives.
Develop relevant Compliance policies, procedures, and processes to support the management of financial crime compliance and reputational risks.
Overseeing control rigor within the Compliance Department to ensure an optimal control environment within the Compliance Department.

Job Opportunities at NMB Bank PLC – July 2020

Main Responsibilities

Financial Crime Risk Governance:

  • Assist to define the bank’s AML & Sanctions Monitoring strategy and goals across the bank, providing direction and guidance on the program.
  • Ensure NMB Bank has relevant policies, procedures, processes, and strong controls to support the management of Financial Crime Compliance (FCC) Risks; FCC risks include Money Laundering, Terrorism Financing, Sanctions, and Anti-Bribery & Corruption Risks.
  • Regulatory Risk Management & Related Compliance Requirements:
  • Manages oversight and ongoing enhancement for Compliance training programs and ongoing enhancements to Regulatory Change and Regulatory Reporting Management processes.
  • Responsible to ensure compliance with all local and international regulatory requirements: Oversees and supports Regulatory Compliance Examinations.
  • Responsible for ensuring compliance to NMB Code of Conduct, management of Conflict of Interests, and responsible to ensure effective implementation of the bank’s Whistle Blow programs both internal and external channels.
  • Provide leadership to the Volcker attestation, FATCA, GDPR processes, and other relevant programs including design of monitoring, testing, and reporting.
  • Act as the Bank Data Protection Officer to support the bank’s compliance initiatives around General Data Protection Requirements. Manage and coordinate end to end GDPR Compliance Requirements.

Business & AML/KYC Data Governance Strategy:

  • While also serving as the Data Protection Officer of the bank (DPO) the SM Compliance is expected to support the design, development, and implementation of strategies, standards, and procedures to support the AML/CFT Data Governance program while facilitating adherence to NMB Enterprise Data Governance framework for data policies, standards, and practices.
  • Design and Monitor programs designed to detect, investigate, and report potentially suspicious transactions, fraud, and other possible violations of laws, regulations, policies, and/or procedures.
  • Develop and ensure implementation of annual Compliance Risk Management Strategy cutting across Financial Crime Compliance Risks, Regulatory Risk Monitoring, Transaction Monitoring, and Zonal Compliance Monitoring, Training, and Operations.
  • Develop relevant Compliance policies, procedures, and processes to support the management of financial crime compliance and reputational risks.

Operational Effectiveness & Control:

  • Maintain awareness of and complete Risk & Control Self-Assessments (RCSAs) for all units, products/services: Ensuring Compliance requirements have been properly mapped against respective Risk Registers.
  • Focus on aligning the NMB Bank’s business operating practices with changes in Global Financial Crime Standards and regulatory risk and ensure that NMB’s Financial Crime Compliance Framework remains appropriate.
  • Design and implement strategies to identify, assess, and mitigate Money laundering and Sanctions risks facing the bank: enhancing the effectiveness and efficiency of monitoring while maintaining the ability to address risks.
  • Manages oversight, coordination, and enhancement for all Compliance Governance requirements including Compliance Programs, Training, Policies, Procedures, Manuals, and Circulars.
  • Support design, implementation, and enhancement of AML Transaction Monitoring systems and processes.
  • Drive & lead continuous monthly discussions to support revisions/fine-tuning of the bank’s AML & Fraud Transaction Monitoring Rules to ensure rules alignment with the bank’s evolving risk profile.
  • Provide advice and interpretation to various lines of business on Sanctions Regulations and internal Sanctions policy and procedures: Guide team of Transaction Monitoring analysts to ensure timely review and escalations of positive hits to manage risks while improving customer experiences.

Reporting Requirements:

  • Assist to oversee and ensure production of timely and effective AML, Sanctions, and Transaction Monitoring-related management information (“MI”) and other applicable information to Chief Risk and Compliance Officer, Risk and Control Committee, Management Audit Risk & Compliance Committee, and Board Audit Risk & Compliance Committee.
  • Provide leadership and support in the preparation of monthly, quarterly, and ad hoc AML & Sanctions risk assessment reports in line with Management, Board, and regulatory expectations.

Leadership & Teamwork:

  • In coordination with Head of Compliance: Lead, motivate, coach, and develop an effective team of 17 Compliance Officials.
  • Responsible for the performance management of the team, using relevant performance management tools, ensuring timely actions are taken to improve underperformance, to maximize the effectiveness of the team.
  • Lead and drive the implementation plans to quantify regulatory impacts and implement actions to address, manage, and mitigate impacts of regulatory changes on NMB bank.
  • Demonstrate advanced communication, coaching, and influencing skills with a proven ability to gain consensus from business, support functions, correspondent banks, and regulators.

Skills and Knowledge

  • Strong grasp and practical knowledge of key regulatory trends and requirements e.g. FATCA, Volcker, GDPR, Data Governance.
  • Strong understanding of Corporate Governance and the Regulatory Environment
  • Leadership experience and a strategic thinker.
  • Excellent communication and interpersonal skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business.
  • Ability to develop practical, cost-effective solutions to complex local and global issues

Qualifications and Experience

  • A minimum of a Bachelor’s degree or equivalent preferably in Law, Economics, Finance, Risk Management, or related discipline from a reputable university.
  • Holder of ACAMS Certifications or intention to be certified within six months of employment will be an added advantage
  • A minimum of 8 years of experience in the banking industry or regulatory environment; with at least 5 years in AML/CFT, OFAC/ Economic Sanctions, & Regulatory Compliance.
  • Significant experience in Compliance Risk and Operations Management together with business management, from a frontline role in Commercial Banking.
  • Any additional relevant compliance-related professional certifications are an added bonus.
  • Experience in dealing with regulatory matters and confident interaction with Management, Board, and Regulators.

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.

Please be advised that if you are not contacted within 14 working days of the advert closing date then you have not been shortlisted.

“NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it”.

Deadline:2020-07-25

CLICK HERE TO APPLY

 

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