Collateral Governance and Control Specialist at NMB Bank Tanzania

Responsible for developing, implementing, and maintaining policies, frameworks, and procedures for effective collateral management governance. Ensure adherence to collateral documentation standards and regulatory requirements across all collateralized lending.

Main Responsibilities:

• Coordinate periodic reviews of collateral processes to ensure alignment with internal controls and risk appetite.
• Support automation and system enhancements to strengthen collateral data integrity and reporting.
• Prepare regular reports and dashboards for senior management on collateral trends, exceptions, and policy compliance.
• Identify and mitigate risks related to collateral valuation, legal enforceability, custody, and release processes.
• Monitor exceptions and breaches in collateral coverage, margin calls, and facility conditions.
• Conduct internal control reviews, recommend corrective actions, and track implementation of audit findings.
• Ensure segregation of duties is upheld in collateral lifecycle processes to prevent fraud or misappropriation.
• Liaise with Credit Risk, Legal, Operations, Relationship Managers, and external custodians to enforce collateral controls.
• Act as the primary point of contact for internal auditors, compliance teams, and regulators in collateral governance matters.
• Collaborate with relevant teams to ensure policy awareness and operational alignment.
• Support training and awareness programs for business units on collateral management protocols.
• Review audit reports from the field team and analyze data to assess the risk levels of collateralization goods.
• Monitor trends in commodity prices and the value of collateral ensuring proper collateralization ratios are maintained.
• Conduct deep dive audits to within the unit, report and track the mitigations plans.
• Coordinate and Conduct Risk self-assessment for the department and ensures exceptions are tracked and remediated.
• Preparations, tracking and monitoring collateral management Key risks and reporting their thresholds compliance.
• Track and closures audit findings and ensure non- repetitive findings.

Knowledge and Skills:

• Strong understanding of collateral types (commodities, real estate, financial instruments), legal enforceability, and banking regulations.
• Proficiency in control frameworks, risk management, and audit processes related to collateral handling.
• Excellent analytical skills and attention to detail, especially in reviewing documentation and process compliance.
• Skilled in Excel, collateral systems and reporting tools.
• Strong communication, documentation, and stakeholder engagement abilities.

Qualifications and Experience:

• Bachelors degree in Finance, Banking, Agribusiness, Risk Management, Economics, Law, or related field.
• Minimum of 3 years' experience in banking or financial services, with a focus on risk, compliance, or credit operations.
• Experience working with collateral systems or secured lending operations.

NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.

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.

Only shortlisted candidates will be contacted.