Descriptions
SUMMARY
OVERVIEW
- To lead the development, governance, and delivery of credit impairment (IFRS 9 Expected Credit Loss) and regulatory reporting in compliance with Bank of Tanzania (BoT) prudential regulations and international financial reporting standards.
KEY RESPONSIBILITIES
- Lead the end-to-end IFRS 9 Expected Credit Loss (ECL) process including staging, provisioning, and reporting.
- Ensure compliance with IFRS 9 and alignment with Bank of Tanzania credit risk and provisioning guidelines.
- Oversee development, calibration, and validation of PD, LGD, EAD and Loss rate models, considering Tanzanian and subsidiary portfolio characteristics.
- Monitor Significant Increase in Credit Risk (SICR), default definitions, and cure methodologies in line with both IFRS 9 and BoT directives.
- Incorporate forward-looking macroeconomic overlays relevant to Tanzania (e.g., GDP growth, inflation, exchange rates, sector risks).
- Perform portfolio analytics (segment-level impairments, sectoral exposures, NPL movements).
- Support internal, external, and regulatory audits relating to impairment.
- Coordinate model validation, internal audit reviews, and regulatory examinations.
- Lead the preparation and timely submission of all required regulatory returns to the Bank of Tanzania.
- Ensure alignment between IFRS 9 impairment outputs and BOT regulatory provisioning where differences exist.
- Interpret new BOT circulars, banking regulations, and prudential guidelines and implement required changes.
- Act as the primary contact for BOT queries, inspections, and supervisory reviews.
- Liaise with external auditors and Bank of Tanzania supervisors.
- Establish and maintain a robust control framework for impairment and regulatory reporting processes.
- Maintain comprehensive model documentation, methodologies, and process manuals.
- Ensure completeness, accuracy, and integrity of data used in impairment models and regulatory reporting.
- Support implementation and enhancement of IFRS 9 engines and regulatory reporting systems.
- Drive automation and efficiency improvements to reduce manual intervention and operational risk.
- Collaborate with Risk, Finance, Treasury, Credit, and Business units on key assumptions and reporting outputs.
- Provide detailed impairment and regulatory insights to senior management committees.
- Lead and develop a team of credit risk and reporting analysts.
- Set clear performance objectives aligned with organizational goals.
- Build local capability in IFRS 9 modelling, regulatory reporting, and data analytics.
- Promote strong risk culture, accountability, and continuous improvement.
REQUIREMENTS
- Bachelor’s degree in finance, Accounting, Banking, Finance, Economics, Statistics, or related field.
- Master’s degree is an added advantage, while professional certifications such as CPA(T), ACCA, CFA, or FRM are highly desirable.
- Minimum of five years’ experience in banking, preferably within Tanzania or the East African market, with a strong understanding of local regulatory and business environments.
- Proven experience in IFRS 9 impairment management, including Expected Credit Loss (ECL) frameworks, and credit risk measurement methodologies.
- Demonstrated expertise in Bank of Tanzania regulatory reporting, ensuring compliance with prudential and supervisory requirements.
- Strong understanding of the IFRS 9 impairment framework, Bank of Tanzania prudential regulations, Basel II/III, and other relevant regulatory [...]
HOW TO APPLY
Use the application link below to open the official application form.
