1.

JOB TITLE: Head of Trading

Remote type: Hybrid

Locations: Head Office NBC
Job requisition id: R-15964737

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.
Job Summary
To be accountable for the Trading and related functions, focusing on
executing all FX, FI, Rates Other, XVA and Credit trading, as may be relevant,
whilst achieving income and business unit growth objectives.
Ensuring the traders undertake the following:
1. The generation of trading income with the objective of achieving income
and business unit growth objectives.
2. The provision of pricing to the interbank market and to the sales dealers.
3. Ensuring that that all risks are managed under the respective portfolios
according to the dealing mandate and the respective policies and
procedures (adherence to market risk limits, credit risk limits, tenor limits,
etc).
3. Implement annual trading strategy and develop local trading business

Job Description
KEY RESPONSIBILITIES AND DELIVERABLES
TRADING - 70%
Key actions include:
• Developing and executing trading strategies in line with the NBC
Markets strategy, the ARO Markets strategy, and the trading mandates
• Approving the execution of trading strategies
• Anticipating market developments and identifying trade
opportunities with risk-adjusted superior returns
• Ensuring that the daily transactions and trading activities conform to
the set business unit goals and objectives
• Working closely with the Africa trading desk and Africa Sales to
support the roll out of new products and asset classes
• Reviewing and evaluating the performance of individual traders
based on business development, income, relationships with
counterparties and the Regulator, and efforts in growing the trading
franchise
• Keeping up to date with market intelligence and market movements
and regularly updating the Head of Markets, the sales team, the
Balance Sheet Management team and the broader Treasury &
Markets team
• Generating a daily flash P&L by the cut-off time as advised by the
policies, standards and guidelines
• Establishing excellent working relationships with bank
counterparties and the Regulator (as is appropriate)

RISK MANAGEMENT - 20%

Key actions Include:
• Driving the annual planning and review of trading budget
• Giving input on and approving dealer mandates for further approval
by the Head of Treasury & Markets prior to submission to risk
• Reviewing daily risk and P&L reports
• Ensuring adherence to limits – both internal and external as well as
compliance with all Regulations, Policies and Standards

PERSONAL AND TEAM DEVELOPMENT - 10%

Key actions to include:
• Actively managing one’s own and the team’s technical and soft skills
development
 • Researching, identifying and proposing training solutions to senior
management for one’s own and for the team’s development

KEY QUALIFICATIONS AND EXPERIENCE REQUIRED

Essential:
• 3-5 years’ worth of related experience
• ACI Dealing Certificate or Equivalent
• Trading experience
• Market Making experience

Preferred:
• Management experience
• In-depth trading knowledge / experience of Rates, FX & RMP
products
• ACSI

Qualifications
Analytical Thinking - Advanced (Meets all of the requirements), Bachelor`s
Degrees and Advanced Diplomas - Business, Commerce and Management
Studies, Decisiveness (Meets all of the requirements), Digital familiarity
(Meets all of the requirements), Entrepreneurial thinking (Meets all of the
requirements), Experience in a similar environment at management level,
Investment Management (Meets all of the requirements), Openness to
change (Meets some of the requirements and would need further
development)

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2. JOB TITLE: Manager Compliance Monitoring & Testing

Locations: Head Office NBC

Job requisition id: R-15964648

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.

Job Summary
Plan, execute and manage monitoring and testing assignments in
accordance with the NBC Compliance Monitoring plan, M&T Review
Methodology 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
Functional Management and Business Coordination (Weighting 80%)
• To plan, coordinate and finalize monitoring reviews in line with the
M&T Review Methodology.
• To enable distribution of the Announcement Memo on completion of
the planning phase.
• To conduct opening meetings physically or by means of
teleconferences to communicate purpose, objectives &approach to
line management on 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 control.
• 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 Testing 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.
• 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.
• Embrace Combined Assurance model through cooperation with
Internal Audit, Operational Risk and other assurance providers to
ensure that there is no duplication of efforts/works.
• Socialise and champion the Annual Monitoring Plan through
Combined Assurance as well as communicate the results of
Monitoring reviews and enforce remediation as necessary, enhancing
the compliance culture.
• Give your proposals to the Head of Monitoring & Testing on
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.
 • Follow up with business/action owners to ensure that agreed actions
are effectively and timely remediated and no actions/issue goes
overdue.
• Perform action and issue validations and communicate issue closure
notifications timely and in line with the methodology.
• Embedment of audit bond systems/ORMS and any other systems
during reviews and issue management.
• To display/adhere to NBC Values in all activities with no negative
comments in this regard.
• Ensure satisfactory service delivery while executing all monitoring
assignments.

Reporting (Weighting 20%)

• Ensure effective, accurate and robust reporting and MI is maintained
for Monitoring & Testing to meet the needs and expectation of
various stakeholders
• 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 business.
• Periodic reports to the Head of Monitoring and Testing on the results
of the Monitoring reviews.

Education and Experience Required

• Bachelor’s degree in a Commercial, Accountancy, Law, Audit or
equivalent
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and
the Internet

Knowledge & Skills

• Good communication skills
• Ability to influence senior management
• Work with minimum supervision
• Engagements with senior staff
• Analytical and presentation skills
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and
the Internet
• Strength of Character and Credibility
 • Ability to challenge, independently and constructively, senior
management, peers or other staff where appropriate
• Ability to influence senior management
• Ability to make a real contribution in a rapidly changing environment
and thrive on change and the need to learn rapidly.
• Good coordination skills
• Adapting to change
• Writing and reporting
• Persuading and influencing
• Analytical and Presentation skills

Qualifications
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)

APPLY HERE