Head Of Internal Audit Jobs at NMB Bank PLC Tanzania October 2022

Head Of Internal Audit Jobs at NMB Bank PLC Tanzania October 2022 | Nafasi za Kazi NMB Bank

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NMB Bank Tanzania is a commercial bank in Tanzania. It is one of the largest banks in the country, with an asset base of over US$1.5 billion (TZS:2.6 trillion).

NMB Bank Tanzania was established in 1967 as National Microfinance Bank Limited, and was renamed NMB Bank Limited in 1997. The bank has been listed on the Dar es Salaam Stock Exchange since 1999.  job opportunities at nmb bank

Introduction: What is NMB Bank?

The Bank provides services such as Loans with condition of Mortgage or other cheap conditions, Credit and insurance. To cooperate with the sociaty also, the bank donate in various activities in the society. The bank has also a Money Transfer services. To increase Trading competation the bank lists it share in Dar es Salaam Stock Exchange (DSE).

We have a structured recruitment and selection process with clear parameters for decision making, which ensures our preset criteria are met. Our key focus is on building maintaining and improving our service advantage through our people.

NMB Bank Tanzania Careers Overview

At NMB we believe that our clients and employees make our stronghold and when they achieve their ambitions, we do too. To accomplish this we need individuals with creative and innovative solutions who are willing to go the extra mile for their future, our clients and the  nmb bank tanzania. We promise to provide you with a world of opportunities for personal growth within a culture that is based on co-operation in every section of our business countrywide. We believe that the steps we take together are the ones that take us further nmb bank jobs in tanzania, careers at nmb bank, what does a career at nmb bank look like.

Drive retail sales objective of the bank through day-to-day customer visits and selling bank products and services to new and existing customers, while deepening existing customer relationships and maintain operational excellence within the appropriate service standards.

Head Of Internal Audit Jobs at NMB Bank PLC Tanzania October 2022 | Nafasi za Kazi NMB Bank

Head Of Internal Audit Jobs at NMB Bank

Job Location : Head Office

Job Purpose:

Providing leadership and oversee of internal audit for Head office and Branch audits on achieving the purpose and objectives of the Internal Audit Function. Responsible for working with CIA in developing and execution of a risk based annual audit plan approved by the Board, reporting, and following up on the implementation of audit recommendations for banks internal control improvement.

Main Responsibilities:

• Develop and execute risk based annual internal audit work plans and programs approved by the Board.
• Assist the Chief Internal Auditor to draft, review and update Internal Audit policies, strategy and manuals for Board approval.
• Manage the audit team in assisting the business to implement controls and mitigate risks
• Lead discussions with business leaders regarding audit observations and root cause of issues, coordinate management actions and responses.
• Stay abreast of the latest developments in ICT that impact the ICT risks and cyber security in the bank and the possibilities to investigate using ICT.
• Identify the relevant operating risks that may affect the organization and assess their likelihood of occurrence and the potential impact on the business
• Evaluate the adequacy and effectiveness of internal controls and the operating systems
• Provide support in ensuring that audit activities are carried out as per the audit professional guidelines and other applicable guidelines (International Professional Practices Framework (IPPF) by the Institute of Internal Auditors (IIA))
• Review audit findings with auditors, appraise the management and prepare reports for CIA to the Board Audit
• Committee raised by external auditors
• Carry out investigation and special audits as requested by management, Board, or red flags noted by auditors
• Stakeholder management with the bank, Bank of Tanzania and external auditors/consultants
• Departmental budget planning, implementation, and cost control.
• Manage the Audit team, hierarchically and functionally, supporting the direct reports in their professional development. Develop and execute the department’s strategy and plan; achieve results through the team.
• Ensure full compliance, provide insights as well as monitor the implementation of various consumer protection requirements across business area/Unit
• The position is also responsible for coaching and developing audit staff and managing the department budget planning and control.

Knowledge and Skills:

• Ability to exercise critical thinking and professional skepticism in the audit process
• Solid knowledge of applying internal audit standards (IPPF) to perform value adding internal audit services
• Knowledge of risks and controls of a bank as well as banking regulations
• Analytical mind with the ability to interpret key data/facts.
• Knowledge of ICT and audit tools such as data analytics software such as ACL, IDEA and audit management software such as teammate, Microsoft vision etc
• Eye for detail in checks and balances, rules and processes, risk, and governance
• A person with integrity, objective mind, and leadership skills with ability to influence and motivate teams towards a common goal
• Excellent interpersonal skills and ability to work effectively with colleagues and other management teams.
  Strong stakeholder management skills with multiple stakeholders such as BARCC, Board, regulator, and external auditors
• Ability to negotiate and influence senior/middle managers to facilitate change and improvement.
• Ability to communicate at all levels in the bank and with external stakeholders such as external auditors and consultants

Qualifications and Experience:

• Bachelor’s degree or its equivalent in business studies (Accounting, Finance, Economics) from a recognized university
• Must be registered member with the NBAA as a Certified Public Accountant
• Possession of professional auditing or accounting qualification i.e., CIA, ACPA, CISA, ACCA and a post graduate degree in business or finance is an added advantage.
• At least 7 years’ experience in audit 4 of which should be at managerial level in a bank or an audit firm responsible for financial institutions.

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer
Job opening date : 06-Oct-2022
Job closing date : 20-Oct-2022

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what are the benefits of working for nmb bank?

The benefits of working for NMB Bank are that it offers competitive salaries and benefits packages to its employees also, covers Insurance. NMB Bank also provides opportunities for career development and growth.

Head Of Internal Audit Jobs at NMB Bank PLC Tanzania October 2022 | Nafasi za Kazi NMB Bank

How to Apply for a Job at NMB Bank in Tanzania

You may ask  yourself how to apply for a job with nmb bank or  how to apply for a job with the national microfinance bureau

If you are interested in taking up this exciting opportunity, please register and apply by attaching the below documents

i)Your current CV.
ii)Your application letter specifying your zone of preference

All applications must be done through this page.

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.

Conclusion and Final Thoughts on NMB Bank Jobs in Tanzania