Risk Control Unit Manager – Collateral Risk Assessment Jobs at NBC Job vacancy. The 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. Welcome to our website orodhaya.com, In This Post.!
Job Summary
To Lead, Manage and Support the Lending Business in terms of Collateral risk assessment in conformance with applicable norms, Principles, Regulations and laws. To Ensure NBC Collaterals comply with Legal requirements
Job Description
Responsibilities:
- To ensure that business goals are met, create a highly motivated team and maintain strong relationships with both your own and the larger team.
- Lead the Risk Control Unit’s (RCU) collateral risk assessment in accordance with the team’s overarching plan.
- Assist in determining the RCU’s training needs and offer coaching to every member in order to boost output.
- Set an example for the team and encourage the proactive adoption of NBC values and behaviors.
- Collaborate closely with the Relationship and Credit teams (Credit Analysts) to guarantee efficient management of daily staff resources to guarantee adherence to RCU standard operating manual procedures and processes, provision of suitable support to RMs and Credit analysts, and creation of added value when feasible.
- Manage land related matters arising within NBC.
- Manage real estate projects funded by Bank. Review of valuation report submitted by Bank’s Valuers.
- Advise the forced sale value to be adopted in loan decision making by the Bank.
- Participate in evaluation panel during outsourcing of external Valuers.
- Conduct Valuation training on Acceptable Securities and Valuation to Lending Business unit.
- Advice on the suitability of asset pledged as collateral to the Bank by borrowers.
- Verification (demarcation/boundaries and existence) of collaterals pledged by new and existing borrowers (Plot tracing).
- Evaluate performance of Bank’s approved Valuers on quarterly basis.
- Ensure compliance with applicable legislation and regulations in the implementation of Bank funded projects.
- Manage and advise loan disbursed in tranches funded by Bank for Construction projects.
- Hold Periodic Meetings with Valuers.
- Maintenance of robust and fully updated Valuation tracker.
- Maintain interactive relationship with Credit Analysts and RMs to ensure rectification of the outstanding issues.
- Ensure RCU have the resources required to enable compliance with any external / internal regulations regarding Collateral Risk Assessment.
- Responsible for the rectification & documentation of any recommendations arising out of Audit/Assurance, Conformance and Central Bank examination reports on Collateral Risk assessment.
- Act as a source of technical excellence and point of reference in relation to Collateral Risk Assessment activities for the Credit analysts, RMs and RCU.
- Ensure a consistent quality of service to stakeholders.
- Work in partnership with Credit Analysts and RMs on new and existing customers to ensure proper Collateral Risk Assessment are conducted.
- Work in partnership with colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
- Attend meetings with the Credit analysts/ RMs if problem arise/ issues are to be discussed / need to be resolved.
- Develop and maintain a close working relationship with Relationship Managers, Credit analysts and Services and Delivery Area.
- Support the Head of RCU in delivering effective PDs for individuals within the team.
- Owner of the Collateral Risk Assessment Tool and its relative monthly/quarterly/annual reporting.
- Participate & encourage team in team activities, social occasions and community drives.
Qualifications
Bachelor`s Degrees and Advanced Diplomas – Business, Commerce and Management Studies, Credit Risk (Meets some of the requirements and would need further development), Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment, Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)
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