in , , , , , , , ,

Manager Compliance Monitoring & Testing at NBC Bank Limited

Want create site? Find Free WordPress Themes and plugins.
National Bank of Commerce
Jobs in Tanzania 2023: New Job Vacancies at National Bank of Commerce (NBC), 2023

Manager Compliance Monitoring & Testing
Head Office NBC
time type Full time
job requisition id R-15947586
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.
Download Your National ID (NIDA) Number  Here | Download NAMBA NA KITAMBULISHO CHAKO CHA NIDA. BONYEZA HAPA!

Job Summary
•Plan, execute and manage monitoring and testing
assignments in accordance with the NBC Compliance Monitoring plan and
relevant policies, procedures and quality standards. He is responsible
for the quality of monitoring activities to ensure NBC adherence to
external and internal regulations and policies.

Job Description​
Key Accountabilities
Accountability: Functional Management and Business Coordination (Weighting 80%)

  • To plan, coordinate and finalize monitoring reviews in line with the Compliance Assurance Methodology
  • To enable the distribution of the Announcement Memo on completion of the planning phase.
  • To
    conduct opening meetings either physically or by means of
    teleconferences to communicate the purpose, objectives and approach to
    line management on the first day of each review.
  • Develop testing
    strategies for key controls within the business in order to adequately
    mitigate the risks by confirming that the testing strategies address the
  • Execute tests to assess the Design Effectiveness (DEA)
    and, Operational Effectiveness (OET) of the controls in place or
    Outcome Testing (OT) to ensure compliance with relevant regulatory and
    policy requirements, in line with Compliance M&T methodology and
    ensure working papers are of high quality.
  • Engage with Head of
    Monitoring & Testing on an ongoing basis during the review
    assignments for necessary guidance or interventions.
  • Ensure
    timely submission of the working papers to enable the Head of Monitoring
    and Training timely review and provision of effective feedback on the
    testing work performed.
  • Engage with stakeholders on progress of
    the monitoring activities so that they are aware of issues identified
    timely and are aware of the progress of the monitoring assignment.
  • Raise
    findings as early as possible so that issues identified can be
    discussed with management to confirm the assessment and agree actions
    with stakeholders prior to completion of fieldwork and write concise,
    accurate reports so that stakeholders understand the testing scope of
    the assignment and the testing conclusions reached.

CV Writing and Download, Cover/Job Application Letters, Interview
Questions and It’s Best Answers plus Examples. Click Here!

  • Review management action plans to confirm that the identified risks will be mitigated.
  • Ensure high quality, timely and consistent delivery of all Monitoring deliverables (e.g. working papers, reports etc.)
  • Track and monitor findings on an ongoing basis and provide accurate and complete Management Information.
  • Ensure compliance to the NBC owned policies, legislation and regulation through testing to identify areas of non-compliance.
  • Liaise
    with stakeholders and peers on issues relating to regulatory risk
    assessment, Management Information reporting issues and regulator
    relations, as well as to work in close cooperation with other control
    functions such as Internal Audit, Operational Risk, Financial Crime etc.
  • Socialize
    and champion the Annual Monitoring Plan with a variety of senior
    stakeholders as well as communicate the results of Monitoring reviews
    and enforce remediation as necessary, enhancing the compliance culture.
  • Seek opportunities, within Compliance and business in order to enhance compliance processes, procedures and culture.
  • Give
    your proposals to the Head of Monitoring & Testing on the
    innovative ways to improve the oversight provided to business so that
    efficiency and effective monitoring can be achieved.
  • Keep up to
    date on regulatory-related issues across a range of topics by awareness
    of current regulatory changes, training sessions.
  • Be aware of
    changes to business and their plans to ensure appropriate mapping of
    Monitoring activities through discussions with management and other
    assurance providers so that monitoring activities can be planned.
  • Assist
    Head of Monitoring and Testing to own, build and manage relationship
    with key stakeholders (both internal and external to ensure that they
    are made- and remain-aware of the value-added by the Monitoring function
    and its activities.
  • To maintain and embed a high level of
    professionalism in all interactions with business and colleagues in
    terms of verbal and written communication with minimum negative feedback
    received from business and by responding professionally and promptly to
    written communications with business stakeholders and Personal
    appearance by adhering to required corporate dress code, operating
    within acceptable/formal business norms during meetings.
  • To display and adhere to the NBC Values in all activities daily with no negative comments in this regard.
  • To develop innovative ways to improve the oversight provided.
  • To ensure 100% attestation is maintained for all compliance trainings that will be conducted for new and existing staff.
  • To be aware of changes to the NBC businesses and their plans.
  • Ensure adherence to code of conduct.
  • Ensure satisfactory service delivery while executing all monitoring assignments.


Accountability: Reporting (Weighting 20%)

  • Ensure
    effective, accurate and robust reporting and MI is maintained for
    Monitoring & Testing to meet the needs and expectation of various
  • Keep Head of Monitoring & Testing &
    Colleagues informed on NBC’s policies and regulations during monitoring
    activities which may pose financial and reputational risk to the
  • Periodic reports to the Head of Monitoring and Testing on the results of the Monitoring reviews.
Read Also:



  • Bachelor`s
    Degrees and Advanced Diplomas – Business, Commerce and Management
    Studies, Compliance Advisory & Interpretation (Meets some of the
    requirements and would need further development), Compliance Experience,
    Digital familiarity (Meets some of the requirements and would need
    further development), Ethics and values (Meets all of the requirements),
    Openness to change (Meets some of the requirements and would need
    further development), Reasoning (Meets all of the requirements)



  • 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,
    Further Education and Training Certificate (FETC) – Business, Commerce
    and Management Studies, Openness to change (Meets some of the
    requirements and would need further development), Reasoning (Meets all
    of the requirements)

Deadline: 2023-03-01.


Did you find apk for android? You can find new Free Android Games and apps.
Get Notifications Faster by:

New Job Opportunity United Nations at UNICEF Tanzania – Consultant

Learning and Development Manager at WaterAid International