Jobs

I&M Bank (T) Limited Vacancies, October 2023

I&M Bank Tanzania Limited Formally registered as a Financial Institution under Banking Act and moved offices to Investment House, Tanzaniatta Avenue. Following changes in the Central Bank of Tanzania regulation, I&M formally converted into a commercial bank on 1st April 1996. This change coincided with a move to a more modern setting on Koinange Street. I&M was in the process of a major restructuring exercise in 1999 to coincide with completion of 25 years of “I&M” name. The changes were initiated by the launch of a small, but important change – a new logo. This was intended to highlight I&M’s evolution from a finance company into a commercial bank. I&M’s head offices were relocated to the prestigious I&M Bank House on 2nd Ngong Avenue, Nairobi-Tanzania. This modern, spacious building was designed and built to fulfill the needs of our customers. In January 2010, I&M Bank announced its entry into commercial banking in Tanzania with the acquisition of a majority stake in CF Union Bank Ltd (CFUB). Also participating in the equity buy-out was PROPARCO, a French Development Financial Institution, and an existing shareholder of I&M Bank.

Product Insights and MIS

Dar es Salaam

I&M Bank (T) Limited

I&M BANK TANZANIA It’s Banking… But Better.

Product Insights and MIS Job Vacancy at I&M Bank (T) Limited

Retail & Digital Banking · Dar es Salaam, Ilala

Job Purpose

The main purpose of the job is to deliver high impact, data driven business insights, actionable recommendations, and performance metrics to help management in decision making and strategy execution.
Abstracting complex data and analytical models that are easy to use, logical and end user accessible tools and dashboards that support monitoring of key business performance levers.
To set the strategic direction for the delivery and management of a competitive products portfolio offering that aligns with the customer value propositions in order to grow the balance sheet for the products at the right price to achieve business financial goals.

Responsibilities/Duties/Tasks

Business growth / Product accountability

  • Conduct customer analysis, enhance understanding of customer portfolio, monitor changes in customer behaviors and identify opportunity for cross-selling and services enhancement.
  • Extracting, cleaning, and engineering data ready for analysis. Interpreting data, formulating hypotheses, and developing an analytical approach to meet business requirements.
  • Communicating results and making recommendations using data visualization and presentations.
  • Business trends analysis and customer transactional behaviors (reasoning and providing solutions for negative trends
  • Profitability analysis for different segments, products, and channels (utilization, registration, uptime, costs, and revenues)
  • Business performance analysis and reporting on sales acquisitions, balance sheet, dormancy, attrition, channels, individuals, cross sell.
  • Reviews reports and metrics and identifies opportunities to grow and optimize specified area of responsibility
  • Business presentations and other papers for management meetings and business forums
  • Macroeconomic, Market and Competitor analysis to provide better understanding of the environment and identifying threats to and opportunities for the business. Keep abreast of internal and external developments and respond accordingly.
  • Work collaboratively across teams, departments, locations and organizations.
  • Business problems root cause analysis and proposing solutions
  • Pricing and Product Management (Product performance & Revenue leakage management)
  • Attend and contribute to daily/weekly/monthly review meetings and any other meeting as directed by the supervisor
  • Maintain an appropriate level of confidentiality at all times. Undertake market assessments / research to determine the impact on the product portfolio, understands market trends and determines appropriate measures to be taken by the management
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Operations:

  • Prepare and share MIS reports as required and circulate to management on a weekly basis and participate in the MANCO and other key business meetings
  • Prepare Assets and Liabilities Committee (ALCO) reports for the meetings, actively participate and contribute to ALCO meetings
  • Prepare any other reports as may be required by the management or different committees

Qualification

  • Relevant bachelor’s degree in any of the following fields (Banking, Finance, Accounts, Economics, Statistics, Maths, Database management or business administration)

Knowledge and Experience

  • Good understanding of retail (banking) channels, products, and services
  • 3 to 5-year experience in data and information management role.
  • Excellent MS Office skills are expected to have advanced proficiency in both Excel, Word and PowerPoint. Experience with other professional programs (e.g. R, STATA, Access) is a plus.
  • Knowledge and experience using SQL and querying relational databases, Python or other programming languages for data analysis and engineering would be an added advantage
  • Conversant in using Finacle
  • Acute business and financial analysis management acumen
  • Experience in budgeting and strategic planning
  • Good knowledge of banking regulations
  • Strong attention to detail – Methodical and organized, conscientious, accurate, thorough, and committed.
  • Strong analytical and data gathering skills
  • Experience of using statistical methods to describe or make inferences about data.
  • Ability to communicate insights and results of data analyses by producing written reports, dashboards and presenting face-to-face. Resource should be Comfortable interacting with a broad audience
  • Ability to work independently, using your own initiative, and as part of a team.
  • Be clear-thinking, with a creative and innovative approach to dealing with issues and problem solving.
  • Ability to manage and take responsibility for own workloads, handle multiple priorities and meet deadlines.
  • Ability to translate the essence of complex data into language or formats others will understand.

How to Apply :

CLICK HERE TO APPLY

 

 

SME Manager Job Vacancy at I&M Bank (T) Limited

Dar es Salaam

I&M Bank (T) Limited

I&M BANK TANZANIA It’s Banking… But Better.

Retail & Digital Banking · Dar es Salaam, Ilala

Job Purpose

Driving the overall growth of the SME segment within the bank. The role entails implementing acquisition, retention, and expansion strategies for SME segments, making major operating and investment decisions, and ensuring the achievement of key performance indicators. The role holder will also be responsible for developing and implementing strategies, cascading them to the branches, and monitoring performance to drive growth.

Key Responsibilities/Tasks

  • Lead SME banking unit and ensure effective coordination with the branches to boost up Small Medium Enterprises (SME) client base
  • Design, plan and formulate strategies to achieve business goals as to SME Banking
  • Grow the team’s portfolio profitability by identifying new and existing customer potential including sales opportunities and new product promotion initiatives
  • Monitor proper utilization of credit facilities in SME accounts and maintain the quality of risk assets and ensure periodic review of the facilities
  • Monitor Non-Performing SME loans of the Bank and decide on appropriate strategies and plan for re-structuring/recovery
  • Ensure compliance with internal policies and procedures and regulatory requirements
  • Develop customer value proposition that focuses on building and deepening relationships with existing and new profitable customers within SME segment
  • Proactively research competitive threats/opportunities within the market and geographical area
  • Grow the team’s portfolio profitability by identifying new and existing customer potential including sales opportunities and new product promotion initiatives

Skills, Knowledge, and Abilities

  • Experience in SME banking and deep understanding of SME banking products and services
  • Having in-depth knowledge on banking regulatory framework and guidelines on SME Banking
  • Having wide network of SME clients
  • An understanding of customer segmentation theory and practice
  • Must demonstrate good market knowledge
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Academic / Professional Qualifications

  • Bachelor’s degree in Degree/Advanced Diploma in Business, Accountancy, and Economy, Finance, or any other related field.
  • MBA will be an added advantage.
  • Working Experience Required
  • A minimum of 8 years of working experience in Retail Banking driving products & business development and management
  • Proven experience record in leadership and people management (at least 3 years)

How to Apply :

CLICK HERE TO APPLY

Assistant Manager Compliance at I&M Bank (T) Limited

Job Overview

Assistant Manager Compliance at I&M Bank (T) Limited

Assistant Manager Compliance at I&M Bank (T) Limited

Dar es Salaam

I&M Bank (T) Limited

I&M BANK TANZANIA It’s Banking… But Better.

Risk & Compliance · Dar es Salaam, Ilala

Job Purpose

Provide management with independent and objective compliance oversight in line with the Enterprise Risk Management Framework

Key Responsibilities/Tasks

Regulatory Compliance Oversight:

Primary responsibility is to maintain a comprehensive understanding of all relevant country and local banking laws, regulations, and guidelines.
Continually monitor the regulatory landscape, staying vigilant for changes that may affect our operations.
Collaborate closely with the legal and regulatory affairs teams to interpret and implement compliance changes effectively, ensuring that our bank always remains in strict compliance.
Policy Development and Enhancement:
Spearhead the development, review, and updating of our bank’s compliance policies, procedures, and manuals and ensure they are uploaded in the intranet.
Ensure that our policies reflect the most current regulatory requirements and that they are clearly communicated to all relevant departments and personnel.

Risk Assessment and Mitigation:

Responsible for conducting comprehensive risk assessments across all facets of our bank’s operations on compliance risk.
Guide the identification of potential compliance risks, enabling you to develop strategies and action plans to mitigate these risks effectively.
Continually monitor the effectiveness of these strategies, making adjustments as necessary to maintain compliance.
Training and Education:
Design and deliver comprehensive compliance training programs for our employees.
Programs will be tailored to the specific roles and responsibilities of different staff members.
Establish and oversee continuous education initiatives to ensure that our staff remains informed about evolving regulations and compliance expectations.

Reporting and Documentation:

Prepare and submit regular compliance reports to our senior management and relevant regulatory authorities.
Ensure that our compliance records are well-organized and up to date, facilitating easy retrieval when needed.

Internal Audits and Reviews:

Conducting periodic internal compliance audits and reviews will be a core part of your responsibilities.
Identify any instances of non-compliance, and you will collaborate closely with our audit and risk management teams to address and rectify any compliance deficiencies promptly.

Investigations and Incident Management:

When compliance-related incidents arise, such as customer complaints, potential fraud, or suspicious transactions, you will lead the investigations into these matters.
Implementing corrective actions and preventive measures to mitigate future risks will be essential in your role.

Regulatory Compliance Oversight:

Primary responsibility is to maintain a comprehensive understanding of all relevant country and local banking laws, regulations, and guidelines.
Continually monitor the regulatory landscape, staying vigilant for changes that may affect our operations.
Collaborate closely with the legal and regulatory affairs teams to interpret and implement compliance changes effectively, ensuring that our bank always remains in strict compliance.

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Policy Development and Enhancement:

Spearhead the development, review, and updating of our bank’s compliance policies, procedures, and manuals and ensure they are uploaded in the intranet.
Ensure that our policies reflect the most current regulatory requirements and that they are clearly communicated to all relevant departments and personnel.

Risk Assessment and Mitigation:

Responsible for conducting comprehensive risk assessments across all facets of our bank’s operations on compliance risk.
Guide the identification of potential compliance risks, enabling you to develop strategies and action plans to mitigate these risks effectively.
Continually monitor the effectiveness of these strategies, making adjustments as necessary to maintain compliance.

Training and Education:

Design and deliver comprehensive compliance training programs for our employees.
Programs will be tailored to the specific roles and responsibilities of different staff members.
Establish and oversee continuous education initiatives to ensure that our staff remains informed about evolving regulations and compliance expectations.

Reporting and Documentation:

Prepare and submit regular compliance reports to our senior management and relevant regulatory authorities.
Ensure that our compliance records are well-organized and up to date, facilitating easy retrieval when needed.

Internal Audits and Reviews:

Conducting periodic internal compliance audits and reviews will be a core part of your responsibilities.
Identify any instances of non-compliance, and you will collaborate closely with our audit and risk management teams to address and rectify any compliance deficiencies promptly.

Investigations and Incident Management:

When compliance-related incidents arise, such as customer complaints, potential fraud, or suspicious transactions, you will lead the investigations into these matters.
Implementing corrective actions and preventive measures to mitigate future risks will be essential in your role.

Anti-Money Laundering (AML) Program Oversight:

Managing our bank’s AML program.

Oversee crucial components such as customer due diligence, transaction monitoring, and the reporting of suspicious activities.

Staying updated on emerging AML threats and regulatory changes.

Privacy and Data Protection:

Encompasses ensuring that our bank strictly complies with data privacy laws and regulations.

Safeguarding customer information and developing and maintaining robust data protection standards and practices.

Vendor Risk Management:

You will evaluate and manage compliance risks associated with third-party vendors and service providers.

Your role will involve ensuring that vendor contracts incorporate necessary compliance-related clauses and requirements.

Compliance Risk:

Daily monitoring of transactions and report any suspicious transactions to Head of Risk and Compliance

Audit Compliance

In liaison with Heads of Departments, follow up on Audit Agreed Recommendation Plans (ARP) queries and reports

Administration:

Inform and advice the management regarding proposed and pending regulatory changes.

Support the Head of Risk and Compliance in preparing risk related reports eg. MRC, Board papers etc.

Prepare training materials for risk and compliance related trainings whenever required.

Perform any other duties as may be assigned by the immediate supervisor from time to time

Skills, Knowledge and Abilities

  • Knowledge of banking industry and banking regulatory frameworks
  • Critical Thinking and Problem-Solving skills
  • Analytical and Math Skills
  • Knowledge on Microsoft Applications
  • Interpersonal Skills
  • Communication skills

Skills, Knowledge and Abilities

  • Knowledge of banking industry and banking regulatory frameworks
  • Critical Thinking and Problem-Solving skills
  • Analytical and Math Skills
  • Knowledge on Microsoft Applications
  • Interpersonal Skills
  • Communication skills

Academic / Professional Qualifications

  • Bachelor’s degree in business administration, Banking, Finance or related field

Working Experience Required

  • A minimum of 3 years working experience

How to Apply :

CLICK HERE TO APPLY