Credit Sanctioning Analyst

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

The role is responsible for reviewing, challenging, and approving credit applications within a delegated lending mandate.
The role ensures independent, high-quality credit decisions, balancing business growth with prudent risk management.
The incumbent provides oversight on credit assessments prepared by analysts, ensures adherence to policies, and acts as a final control point for credit risk acceptance.

Job Description​

• Credit Approval & Risk Decisioning (60%)

o Review and approve or decline credit applications within delegated lending authority.

o Critically assess credit proposals submitted by Credit Analysts, ensuring:

a) Accuracy and completeness of analysis

b) Sound financial and risk assessment

c) Policy compliance

o Exercise independent judgment and apply credit expertise to sanction facilities.

o Identify key risks, mitigants, and conditions precedent to approval.

o Ensure all approvals align with:

a) Retail Credit Policy

b) Risk appetite

c) Regulatory requirements

o Escalate applications beyond mandate to higher approval authorities where necessary.

o Reject or return deficient applications with clear justification and guidance.

o Monitor concentration risk, portfolio trends, and sector exposure.

o Ensure strict controls against fraud, misrepresentation, and policy breaches.

o Validate that:

a) Suspended branches/customers are not processed

b) Employer confirmations and due diligence have been completed

o Participate in credit committees, where applicable

• Oversight of Credit Assessment Process (10%)

o Provide guidance and challenge to Credit Analysts on complex cases.

o Ensure consistency and quality of credit underwriting standards.

o Support continuous improvement in credit assessment methodologies.

o Review structured deals and secured lending proposals for robustness.

• Loan Structuring & Conditions Management (10%)

o Define appropriate facility structures, pricing recommendations (where applicable), and risk mitigants.

o Ensure all collateral/security requirements are adequate and enforceable.

o Approve conditions related to:

a) Collateralization

b) Legal documentation

c) Insurance and valuations.

• Stakeholder Engagement (5%)

o Liaise with:

a) Legal

b) Treasury

c) Security Management Unit

d) Branch Network

o Ensure alignment on loan structuring, collateral, and disbursement readiness.

o Provide clear feedback on decisions to business units to support turnaround times.

• Portfolio Risk Monitoring & Governance (10%)

o Monitor performance of approved facilities to identify emerging risks.

o Support portfolio reviews and remediation strategies.

o Contribute to:

1. Policy reviews

2. Risk appetite calibration

3. Credit governance frameworks

• Compliance & Regulatory Adherence (5%)

Ensure all approvals comply with:

a) Internal policies

b) Regulatory standards

o Remain updated on regulatory and policy changes.

o Support audits and ensure closure of audit findings.

Maintain proper documentation of approval rationale for audit trails.

Education and Experience Required

· A degree/ Advanced diploma in Finance/ Banking/Business Administration

· At least 3 years & above experience in the related field

Knowledge & Skills: (Maximum of 6)Competencies: (Maximum of 8 competencies)

· Interpersonal skills

· Ability to work under pressure

· Analytical skills

· Communication skills

· Microsoft Office/PC skills

· Credit Risk skills

Qualifications

Bachelor`s Degrees and Advanced Diplomas - Business, Commerce and Management Studies, Credit Risk (Meets some of the requirements and would need further development), Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment, Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)