Tanzania Commercial Bank is a Bank that provides  competitive financial services to our customers and creates  value for our stakeholders through innovative products.

Tanzania Commercial Bank is a Bank, whose vision is “to be  the leading bank in Tanzania in the provision of affordable,  accessible and convenient financial services”. As part of   effective organizational development and management of  its human capital in an effective way, Tanzania Commercial  Bank commits itself towards attaining, retaining and  developing the highly capable and qualified workforce for  Tanzania Commercial Bank betterment and the Nation at  large.

 DIRECTOR OF CREDIT

Tanzania Commercial Bank seeks to appoint dedicated, self-motivated and highly organized Director of Credit to join the Directorate Credit.

POSITION OBJECTIVE  

The jobholder will be responsible for development, implementation and monitoring of lending strategies for the bank. He/she shall also be responsible to evaluate, recommend or approve if within discretion limit, credit applications to increase the lending book portfolio.

KEY RESPONSIBILITIES

1. Ensure an effective credit limit strategy is developed and implemented to address concentration risks across portfolios.
2. Ensure that the Credit Department, through assistance of Branches and other Departments maintain good quality portfolio by following approved policies and procedures.
3. Take proactive risk management actions so that the quality of the credit portfolio does not deteriorate.
4. Align customer recruitment campaign activity with stated risk appetite by checking with the different managers to track whether the loans being given are in line with the TIB Corporate Finance Credit policy.
5. Support new product development by giving guidance on pre-approved limits with the Credit Managers and other Business Heads.
6. Implement effective and efficient recovery actions on all high risk and non-performing accounts.
7. Ensure an appropriate write-off and charge-off strategy in line with the Credit Policy.
8. Measure turnaround times, approval rates and decline rates on a monthly basis to ensure adherence to Credit Policies and follow-up the areas of concern.
9. Ensure that assessment and approval process of new and existing clients comply with the requirements as per Credit and Provisioning Policy.
10. Ensure all decisions on credit products are done by the appropriate mandate holder within approved policies.
11. Perform annual review of the Credit policies and obtain Board’s approval before end of 4^th quarter each year.
12. Ensure Bank of Tanzania (BOT) is informed on all updates on the Credit and Provisioning Policy by sending completed reports and letters.
13. Compile the needed monthly and quarterly credit reports for management and Board Credit Committee respectively.
14. Set the Target Market Criteria, Risk Appetite and Mandate & Scale limits at least once a year or when required by market conditions.
15. Mitigate, implement and embed controls and actions to close all audit findings.
16. Ensure quality and reliability of all data used in reports by doing a sanity check on all the Credit Managers’ work.
17. Perform any other related duties as may be assigned from time to time.

QUALIFICATIONS, SKILLS AND EXPERIENCE  

1. Master’s Degree qualifications in fields of Business Administration, Finance, Banking, Accounting, Commerce, Economics, or related discipline from a recognized University/Institution.
2. A minimum of ten (10) years working experience in Banking Industry or Financial Institutions and at least two years in Managerial Position.
3. Knowledge of credit & non-performing debts policies and other regulatory requirements e.g. BOT Prudential guidelines.
4. Knowledge of securities documentation and legal remedies available to the bank.
5. Experience in working closely with legal and Corporate Banking teams.

PERSONAL ATTRIBUTES AND BEHAVIOURAL COMPETENCIES

• Ability to demonstrate Tanzania Commercial Bank core values: – Customer Focus, trustworthy, Creativity, Teamwork and Excellence
• Ability to priorities work and to meet deadlines.
• Ability to work quickly, accurately and consistently when under pressure.
• A methodical and well-organised approach to work.
• Mature and able to work in a confidential environment.
• Has sound judgment, common sense and good humour.