Tuesday, January 17, 2012

Tanzania Investment Bank Job Vacancies Jan 2012

Tanzania Investment Bank Limited (TIB) was established by an Act of Parliament in 1970 as a Development Finance Institution (DFI) to provide development financing through provision of short, medium and long term lending. Following the implementation of the first phase of Financial Sector Reforms and the enactment of the Banking and Financial Institutions Act in
1991, TIB was licensed as a non-bank financial institution. However, in August 2005 the government decided to transform TIB back into a profitable and sustainable Development Finance Institution with the aim of offering long-term finance, providing technical assistance and support services, equity financing as well as act as a conduit for official development assistance and special development government funds. TIB also acts as the local coordination point for international development financing initiatives such as those allied to SADC, NEPAD and other regional and multilateral institutions.

TIB is hereby inviting applications from suitably qualified Tanzanians to fill the existing vacancies in Dar es Salam and Mbeya where a new Zonal Office and Branch are going to be opened this year.

1. CREDIT RISK MANAGER (1 Vacancy - Dsm) Nature and Scope
The successful candidate will work in the Risk and Compliance Department and report to the Head, Risk and Compliance. As part of a team, he/she will focus on identifying and managing credit risks in TIB. The primary focus will be to support the bank’s business, through the Risk Management function, in ensuring that the credit risk taking function of the bank is managed and informed appropriately, consistent with the bank’s risk appetite, and that comprehensive credit risk policies and procedures are developed and followed.

Duties and Responsibilities
1. Assess and review the business and financial risks in credit applications, (Credit
Worthiness) and submit recommendations as appropriate to the Head of Risk and
Compliance and the Credit Committee.
2. Provide technical support to loan officers/relationship managers during the preparations of their Applications for Credit.
3. Monitor the developments of the size, composition and quality of the Credit portfolio.

4. Monitor and submit reviews on the bank’s loan provisions as required in the bank’s
Risk Management framework.
5. Monitor loans in arrears/overdrafts/legal effects in the credit portfolio, making recommendations for corrective actions (work out scenario's) in the cases of late
payments/defaults.
6. Prepare conclusive reports on the development/shifts of the bank’s risk-profile.
7. Support the development and improvements of various risk measurement, methodologies and techniques used for the quantification and reporting of the bank’s Credit Risks.
8. Work with stakeholders to develop appropriate credit rating methodologies.
9. Prepare annual Credit Risk wok plan for approval, and quarterly implementation reports.
10. Prepare Credit Risk Reports to the Credit Committee and the Board.
11. Subject to regulatory requirements, provide mechanisms for the bank’s compliance
with risk capital allocation.
12. Assist to develop a clearly defined risk appetite that is aligned with the business strategy.
13. Coordinate with Compliance and Operational Risk to address all Compliance and
Operational risks embedded in the Credit Risk process.
14. Provide support in the organization of training, seminars and workshops related to credit risk management.

Main Duties
1. Receive and submit Credit Risk Recommendations on applications for credit to the relevant authorities.
2. Assist to improve the Credit risk process, through constant and timely engagement with loan officers and customers.
3. Continually submit recommendations for policy and procedural reviews in line with the
TIB Risk management framework.
4. Review all new credit products and programs.
5. Review and submit recommendation on the bank’s loan provisions at least on a
quarterly basis.
6. Review the monitoring of credit facilities and program limits to ensure that they are observed and excesses are promptly addressed (including TOD and PDO reviews).
7. Review adequacy and appropriateness of the information used in the evaluation of the customer credit applications.
8. Perform periodic reviews of the TIB Risk Management Framework for risk limits, and the determination of risk capital, as required by the regulators from time to time.

Minimum Qualifications, Knowledge and Experience
i. Masters Degree in Business Administration, Economics, or related discipline,.
ii. At least five (5) years banking experience in risk management with familiarity in Credit and operational risk processes and controls.
iii. In depth knowledge of banking industry and related policies, procedure and regulatory requirements.
iv. Strong written and oral communication skills with ability to write in a concise
and focused style.

v. Strong analytical/problem solving and decision making skills.
vi. Must be a team player, self motivated and able to manage and prioritize work load with minimum supervision.
vii. Computer literate.


2. SENIOR CREDIT RISK ANALYST (1 Vacancy - Dsm) Nature and Scope
The successful candidate will work in the Risk and Compliance Department and report to the Head, Risk and Compliance. He/She will be responsible for supporting the bank’s business, through the Risk Management function, in ensuring that the bank has an informed and
effective system of checks and balances in place around the process of extension of credit, monitoring and reporting of credit risks to the management and the Board.

Duties and Responsibilities
1. Prepare all Credit Risk reports as required in the TIB Risk Management Framework.
2. Periodic validation of the metrics and analytics of the Credit Risk Management System.
3. Review credit reports and make appropriate recommendations where a product is leading to higher losses.
4. Report and provide recommendations on the bank’s credit governance standards.
5. With other stakeholders:
i) Ensure continuous improvement of the Management Information System and reports (related to Credit Risk) to ensure they remain relevant, reflect credit
risk appetite and are useful to provide the management with information for use in decision making.
ii) Assist in the development of appropriate credit rating methodologies for all
customer segments.
iii) Assist in the development of appropriate stress testing policies for different risk exposures and customer segments.
iv) Ensure the development and improvements of various risk measurement, methodologies and techniques used for the quantification and reporting of the bank’s Credit Risks.
v) Assist in the development of an appropriate pricing methodology for all the
bank’s credit products.
vi) Assist to develop mechanisms to ensure that the bank’s credit risk decisions
are based on transparent, accurate and rigorous analytics.


Main Duties
1. Review of all customer credit applications.
2. Assist the Compliance function to review and validate the bank’s regulatory credit
reports and information submitted.
3. Assist to review all New Credit Products and programs.
4. Report and review on the bank’s limits and concentrations exposure.
5. Report on the effectiveness of the monitoring of credit facility and program limits to ensure that they are observed and excesses are promptly addressed (including TOD and PDO reviews)

6. Management and review of the adequacy of the risk analysis process, risk ratings and stress testing as part of Credit Risk process.
7. Assist the Compliance function to assure timely closure and submission of the corrective actions on issues raised by regulatory authorities, internal risk reviewers and external auditors on all Credit Risk issues.
8. Review adequacy and appropriateness of the information used in the evaluation of the customer Credit applications.
9. Prepare early warning reports.


Minimum Qualifications, Knowledge and Experience
i. Graduate in business administration, finance, economics or related discipline.
Postgraduate qualifications in Accounting or Finance will be an added advantage.
ii. At least four (4) years banking experience in credit risk management with strong familiarity in banking operations and controls.
iii. Must possess in-depth knowledge of credit analysis, related policies, procedures and regulatory requirements.
iv. Strong written and oral communication skills with ability to write documentation in a concise and focused style.
v. Must be a team player, self motivated and able to work under pressure under
minimum supervision. vi. Computer literate.

3. ZONAL MANAGER – (1 Vacancy – Mbeya) Nature and Scope
The successful candidate will work in the Development Financing Directorate and report to the Director of Development Financing. He/She will have overall responsibility for the development and management of corporate relationships in the zone. He/she is also responsible for the day to day administrative functions of the Zonal Office.

Duties and Responsibilities
1. Identify companies of good credit standing likely to have a requirement for the corporate banking services of TIB.
2. Identify business opportunities and develop good customer relationships including
cross selling of all TIB products to achieve set targets.
3. Prepare credit proposals (AFCs) for long term and short term/OD facilities) within agreed quality and timescales.
4. Collect, evaluate and document all required customer information and process credit approvals.
5. Maintain client relationships including visiting existing customers periodically.
6. Prepare report on each customer visit, highlighting all major business/environmental issues pertaining to the credit/customer, and including recommendations as appropriate.
7. Advise clients on financial and economic issues that could affect their businesses and/or the bank facilities.

8. Process transactions and liaise with relevant departments for documentation and conclusion of deals.
9. Prepare and implement budgets and plans, including setting and achieving ambitious
and measurable targets.
10. Review work performance of staff in the Zonal Office including their development, deployment, appraisal, training and welfare in line with the bank’s objectives.
11. Ensure necessary/relevant bank records are kept and updated as required.
12. Carry out any other duties assigned by the Supervisor from time to time.

Minimum Qualifications, Knowledge and Experience
i. Masters degree in Business Administration, Economics, Finance or related discipline.
ii. At least five (5) years working experience as Relationship/Business Manager or similar post in banking/financial institution.
iii. Strong written and oral communication skills with ability to write documentation in a
concise and focused style.
iv. Excellent and well developed interpersonal and organizational skills.
v. Must be a team player, very self motivated and able to manage and prioritize workload with minimum supervision.
vi. Computer literate.


4. BRANCH MANAGER – (1 Vacancy – Mbeya) Nature and Scope
The successful candidate will work in the Finance, Treasury and Operations Directorate and report to the Director of Finance, Treasury and Operations. He/She will be responsible for the day-to-day running of the Branch Operations.

Duties and Responsibilities
1. Participate in development and implementation of policies, procedures, decisions and strategies for financing development projects and activities in respective branch.
2. Manage the banking and administrative functions in the branch.
3. Develop new deposits and loan business.
4. Promote the services offered by the Bank.
5. Develop and maintain beneficial business relationships with corporate and clients.
6. Participate in the preparation of periodic business plan/budgets.
7. Review and coordinate designing and implementation of work plans in respective branch.
8. Effectively administer all resources allocated to the branch, including offering technical
and operational support to all staff members in the Branch.
9. Carry out any other duties assigned by Head Finance, Treasury and Operations from time to time.

Minimum Qualifications, Knowledge and Experience
i. Graduate in Business Administration, Economics, Commerce, Banking or related discipline.
ii. At least five (5) years working experience in a similar position in banking/financial
institution.

iii. Strong written and oral communication skills.
iv. Strong written and oral communication skills with ability to write documentation in a concise and focused style.
v. Excellent and well developed interpersonal and organizational skills.
vi. Must be a team player, very self motivated and able to manage and prioritize workload with minimum supervision.
vii. Computer literate.

5. BRANCH SUPERVISOR – (1 Vacancy – Mbeya) Nature and Scope
The successful candidate will work in the Finance, Treasury and Operations Directorate and report to the Branch Manager. He/She will be an overall in charge of the accounting services of the branch including payments, record keeping and safe custody of branch assets.


Duties and Responsibilities
1. Keep regular checks on duties of the Tellers, Customer Services Advisors, Bank Clerks and Officers and consult them on matters relating to their sections with a view to
improve services to customers and maintain good relations with staff.
2. Ensure safety and security of branch assets including cheques, test keys, telegraphic codes, bills and other controlled stationery.
3. Carry out routine balancing, snap and bulk checks together with the Branch Manager
in accordance with laid down regulations.
4. Check Daily Balancing Summary, Suspense Accounts, General Ledger and Profit and
Loss vouchers.
5. Ensure safe keeping of all paid vouchers, end of day sheets, books and records in the vaults, safes and strong room under dual control.
6. Ensure timely preparation and dispatch of returns.
7. Control expenditure by signing all debits to the profit and loss account with the Branch
Manager or other senior officer.
8. Prepare with the assistance of Branch Manager an income and expenditure budget for management approval.
9. Raise queries for all outstanding items in House and Suspense account and ensure
that they are maintained in proper files.
10. Inspect branch premises for tidiness and proper office layout and ensure that they are securely locked before leaving at the end of the day.
11. Carry out any other duties assigned by Branch Manager from time to time.


Minimum Qualifications, Knowledge and Experience

i. Graduate in Finance, Accounting, Banking or related discipline.
ii. At least four (4) years working experience in a similar position in banking/financial institution.
iii. Strong written and communication skills.
iv. Excellent and well developed interpersonal and organizational skills.
v. Must be a team player, very self motivated and able to manage and prioritize workload with minimum supervision.
vi. Conversant with basic computer applications.

6. SENIOR OFFICER - MONITORING & SUPERVISION (1 Vacancy - Mbeya)

Nature and scope
The successful candidate will work in the Portfolio Management Directorate and will report to the Director of Monitoring and Supervision. He/She is responsible for advising on monitoring and supervision activities related to projects assigned to him/her from time to time.

Duties and Responsibilities
1. Ensure loan documentation is complete and that all conditions precedent are met prior to disbursement of funds.
2. Ensure loan funds are used by project promoters for purposes approved by the bank.
3. Confirm the technical specifications of the proposed plant and machinery to meet the objectives of the project.
4. Ensure the implementation time schedules are adhere to.
5. Visit project sites and preparing call reports.
6. Prepare periodic reports on defaulters.
7. Carry out reviews of problem accounts and recommending courses of action.
8. Prepare loan restructuring/scheduling proposals.
9. Prepare OD facility renewals and extension of validity periods.
10. Follow up on the repayments of all loans.
11. Ensure the security pledged to the bank does not deteriorate.
12. Carry out any other duties as may be assigned by Supervisor.

Minimum Qualifications, Knowledge and Experience
i. Graduate in business administration, economics finance, accountancy, banking, land management, valuation, building economics, real estate studies, civil engineering,
mechanical engineering, agriculture economics, crop science, agriculture engineering
or related discipline.
ii. At least four (4) years experience in a commercial bank or banking/financial institutions.
iii. Strong written and oral communication skills with ability to write documentation in a
concise and focused style.
iv. Excellent developed interpersonal and organizational skills.
v. Must be a team player, very self motivated and able to manage and prioritize work load with minimum supervision.
vi. Computer literate.

7. SENIOR OFFICER – PROJECT FINANCE (1 Vacancy - Mbeya) Nature and scope
The successful candidate will report to Zonal Manager. He/she is responsible to develop and manage current and targeted corporate banking client/account relationships to achieve
projected business and profitability.

Duties and Responsibilities
1. Identify and develop business relationships with prospective clients in conjunction with the Relationship manager.
2. Assist clients applying for the bank’s facilities and services.
3. Examine incoming applications/facility requests for correctness and completion.
4. Advise clients on financial and economic issues that could affect credit.
5. Prepare reports pertaining to credit facilities management.
6. Monitor credit facilities and projects.
7. Ensure adequate servicing of credit facilities.
8. Maintain close follow-up of irregular accounts.
9. Negotiate repayments in the case of default by clients.
10. Carry out any other duties as may be assigned by Supervisor.

Minimum Qualifications, Knowledge and Experience
i. Graduate in business administration, economics finance, accountancy, banking, land management, valuation, building economics, real estate studies, civil engineering,
mechanical engineering, agriculture economics, crop science, agriculture engineering
or related discipline.
ii. At least four (4) years relevant experience in credit assessment and/or relationship banking.
iii. Strong analytical skills.
iv. Must be a team player, very well self motivated and able to manage and priotize work load with minimum supervision.
v. Strong written and Communication Skills. vi. Computer Literate.


8. LEGAL OFFICER – (1 Vacancy – Dsm) Nature and Scope
The successful candidate will work in the Bank’s Legal and Secretariat Services Department and report to the Legal Counsel and Secretary to the Board. He/She will be responsible for
preparing, executing and monitoring loan documents, statutory registrations and ensuring
compliance with the pre-disbursement conditions.

Duties and Responsibilities
1. Investigate statutory registers to determine legal status of loan applicants, securities and borrowing capacities.
2. Prepare loan/security documents and ensures registration of the security documents at
the relevant registries.
3. Prepare information and report to the Legal Counsel and Secretary to the Board that conditions precedent to disbursement have been fulfilled as per the respective agreement.
4. Ensure that borrowers fulfil all terms and conditions in the loan agreement at all times.
5. Ensure that borrowers fulfill all statutory requirements (under the Companies
Ordinance, Bank of Tanzania regulations/guidelines or any others) at all times.
6. Assist and represent the bank in all legal matters outside the bank.
7. Perform any other duties related to the position as may be assigned by Legal Counsel and Secretary to the Board.

Minimum Qualifications, Knowledge and Experience
i. Bachelor degree in Law (LL.B) from a recognized university. Must be a registered
Advocate.
ii. At least two (2) years relevant work experience in a reputable institution.
iii. Strong written and oral communication skills with ability to prepare legal documents in a concise and focused style.
iv. Highest degree of integrity, excellent and well developed interpersonal and
organizational skills.
v. Must be a team player, very self motivated and able to manage and prioritize work load with minimum supervision.
vi. Computer Literate.

9. CUSTOMER SERVICES ADVISOR (1 Vacancy – Mbeya) Nature and Scope
The successful candidate will work in the Finance, Treasury and Operations Directorate and report to the Branch Manager. He/She will be responsible for providing efficient and effective customer services to bank’s clients.

Duties and Responsibilities
1. Serve all bank customers at the counter to ensure they get an efficient and timely service.
2. Issue customer accounts balances/statements.
3. Advise customers on bank products and procedures related to account management.
4. Handle all customer inquiries related to the management of accounts.
5. Perform all front desk management functions.
6. Carry out any other duties as may be assigned by the Manager, Branch Banking from time to time.

Minimum Qualifications, Knowledge and Experience
i. Advanced Diploma or Diploma in Business/Public Administration, Sociology or related discipline.
ii. At least two (2) years work experience in a reputable institution in a similar field.
iii. Must be a team player, very self motivated and able to work under minimum supervision.
iv. Excellent written and communication skills.
v. Computer literate.

10. BANK TELLER (2 Vacancies – Mbeya) Nature and Scope
The successful candidate will work in the Finance, Treasury and Operations Directorate and report to the Branch Manager. He/She will be responsible for receiving and issuing of money with high standard of customer care and efficiency; and ensuring that transactions follow approved procedures.

Duties and Responsibilities
1. Receive deposits which may consist of cash, cheque, postal and money orders.
2. Count cash deposited and ensure that it is correctly entered into the computer system.
3. Scrutinize cheques, postal and money orders deposited in order to ensure that the customer has a title to the instrument.
4. Encash cheques, withdrawal forms in accordance with laid down procedures.
5. Issue and cash cheques at the applicable rates.
6. Purchase foreign currencies cheques and drafts from customers at the applicable buying rate after obtaining authority.
7. Undertake internal transfer of cash from the branch vaults/treasury.
8. Prepare a final statement of the total receipts and payments of the branch on daily basis.
9. Balance his/her cash at the end of the day’s operation.
10. Carry out any other duties assigned by Superiors from time to time.


Minimum Qualifications, Knowledge and Experience

i. Advanced Diploma or Diploma in Accountancy, Finance, Banking or related discipline. ii. At least two (2) years work experience in a reputable institution in a similar field.
iii. Must be a team player, very self motivated and able to work under minimum
supervision.
iv. Excellent interpersonal, written and communication skills. v. Computer literate.

11. OFFICE ADMINISTRATOR - (1 Vacancy – Mbeya) Nature and Scope
The successful candidate will report to the Zonal Manager. He/she will be responsible for provision of efficient and effective office administration services.

Duties and Responsibilities
1. Carry out all general office administrative duties.
2. Coordinate activities at the zone and assist in marketing the bank’s products.
3. Perform customer services cordially and effectively, including receiving and attending visitors and managing the telephone, e-mail and other correspondences.
4. Ensure that office supplies and stocks are procured, stored and issued in an orderly
and efficient manner.
5. Provide efficient and effective office support services such as registry, typing, secretarial, mail processing, travel arrangements, etc.
6. Maintain office records and reference files on various subjects.
7. Assist in organizing conferences; staff get together parties and functions at the Zonal
Office.
8. Carry out preliminary reviews of requests for finance.
9. Perform any other duties as may be assigned to him/her by the Zonal Manager.

Minimum Qualifications, Knowledge and Experience
i. Advanced Diploma or Degree in Public Administration, Business Administration, Human
Resources or related field.
ii. At least two (2) years work experience in a reputable institution in a similar field. iii. Must have experience in handling multiple tasks in a busy office.
iv. Excellent interpersonal skills.
v. Must be a team player, very self motivated and able to work under minimum supervision.
vi. Fluent in both Kiswahili and English.
vii. Proficiency in the use of computer packages such as Microsoft Word, Microsoft Excel, etc.

12. ADMINISTRATIVE ASSISTANT - (1 Vacancy – Dsm) Nature and Scope
The successful candidate will work in the Human Resources and Administration Directorate and functionally report to the Director responsible for the Division she will be working in; and
administratively to the Manager, Human Resources. She will be responsible for office management and administrative duties.

Duties and Responsibilities

1. Manage, prioritize, screen and monitor correspondences, including calls, emails, and fax to ensure they are dealt with appropriately.
2. Maintain office records and reference files on various subjects.
3. Collect and research information on assigned matters and make sure that relevant information is gathered and prepared to brief the manager for meetings and events.
4. Receive and process information of a confidential nature and ensure such information
is maintained in strict confidentiality.
5. Receive, review, and verify documents, records, and forms for accuracy, completeness, and conformance to applicable rules, regulations, policies, and
procedures.
6. Arrange appointments, receive visitors, answer telephone calls and respond to routine requests for information.
7. Ensure availability of office stationery/equipment or other materials for office use.
8. Arrange and schedule a variety of meetings; notifying participants, confirming dates and times, reserving meeting sites, and preparing materials needed at the meetings.
9. Assist in organizing conferences, staff get together, staff parties and functions.
10. Assist in making reservations for travel for members of staff traveling on official duties.
11. Perform any other duties related to the position as may be assigned by the supervisor.

Minimum Qualifications, Knowledge and Experience
i. Diploma in Human Resources, Office Administration or Public Administration, Secretarial studies and Office Management from a recognized institution is highly
desirable.
ii. At least five (5) years work experience in a reputable institution in a similar field. iii. Must have experience in handling multiple tasks in a busy office.
iv. Professional, courteous and pleasant personality.
v. Excellent interpersonal skills.

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vi. Must be a team player, very self motivated and able to work under minimum supervision.
vii. Fluent in both Kiswahili and English.
viii. Proficiency in the use of computer packages such as Microsoft Word, Microsoft Excel, etc.

13. DRIVER (2 Vacancies – Mbeya) Nature and Scope
The successful candidate will work at the Zonal Office and report to the Zonal Manager
(Mbeya). He/She will drive the bank’s motor vehicles and be responsible for ensuring that the bank’s motor vehicles are properly handled.

Duties and Responsibilities

1. Drive and maintain the bank’s motor vehicles.
2. Dispatch parcels, mails and other bank’s documents to and from the bank.
3. Keep custody of the service schedule to ensure that the vehicle assigned is maintained, serviced regularly and kept clean.
4. Carry out regular inspection of the vehicle, rectify minor defects and report promptly
any detected fault or defect on the motor vehicle.
5. Verify repairs undertaken on the vehicle.
6. Maintain car log book and record all movements accurately and timely.
7. Ensure that the security of the vehicle is safeguarded at all times.
8. Perform any other duties related to the position as may be assigned by the Supervisor.

Minimum Qualifications, Knowledge and Experience
i. Must posses a Certificate of Secondary Education with at least three passes. ii. Ability to communicate in English and Kiswahili.
iii. Valid class “B & D” driving license.
iv. Trade Test Grade III/II.
v. At least three (3) years relevant work experience in a reputable institution.
vi. Possession of a Chauffer/executive driving training will be an added advantage.

Remuneration
Tanzania Investment Bank Limited offers career development opportunities, an attractive remuneration package, and excellent working environment.

Mode of application
Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing:

1. An application letter showing how they meet the post’s requirements.
2. Comprehensive curriculum Vitae.
3. Copies of relevant certificates and awards.
4. Contact address including telephone number(s) and/or email address(s) if available.
5. Names and full addresses of three referees.

Closing date is 30th January 2012.

MANAGING DIRECTOR
Tanzania Investment Bank Limited
Mlimani City Office Park
Building No. 3
Sam Nujoma Road
P.O. Box 9373
Dar es Salaam

Tel: +255 22 2411101-9
Fax: +255 22 2411122
Email: md@tib.co.tz
Website: www.tib.co.tz

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