Senior Credit Analyst

Job Vacancy at NMB Bank Plc: Senior Credit Analyst – Dar es Salaam, October 2026 Job Title: Senior Credit Analyst Employer: NMB Bank Plc Location: Head Office, Tanzania Job Type: Full-Time Number of Positions: 1 Opening Date: 20 October 2026 Application Deadline: 3 November 2026 About NMB Bank Plc NMB Bank Plc is a financial services institution in Tanzania providing banking products and services to individuals, businesses, and corporate customers. The bank serves customers through a network of branches and digital banking channels, offering products that include personal banking, business banking, lending, savings, and other financial solutions. NMB Bank is committed to equal employment opportunities, workplace diversity, and building a gender-balanced workforce. Job Purpose The Senior Credit Analyst will be responsible for conducting timely, high-quality assessments of new and existing credit facility proposals using sound credit and financial principles. The role provides expert recommendations to approving authorities to support informed lending decisions while ensuring that credit and counterparty risks remain within acceptable limits. The successful candidate will evaluate credit applications, structure appropriate financing arrangements, identify and mitigate risks, and provide technical guidance to other credit professionals. Key Responsibilities 1. Credit Assessment and Analysis Conduct specialist credit assessments and evaluate whether credit proposals meet established lending criteria and whether counterparty credit risks fall within acceptable parameters. Independently recommend appropriate credit proposals, including terms and conditions to manage exposure where necessary. Assess credit facilities across various segments, including staff loans, wholesale banking, mortgage loans, micro, small and medium enterprises (MSMEs), consumer lending, agribusiness, and structured trade finance. Review credit applications prepared by Credit Analysts before submission for approval. Interrogate financial and business information to understand the factors driving profitability, value creation, and associated risks. Appropriately structure credit transactions in line with the financing purpose and expected cash inflows. Identify, quantify, and evaluate credit risks affecting individual clients and the overall credit portfolio, recommending suitable mitigation measures. 2. Credit Committee Participation and Reporting Attend and present credit papers at Retail Credit Committee and Wholesale Credit Committee meetings. Prepare and present credit reports required by various committees. Attend weekly Wholesale and Retail Credit Committee meetings and provide sound credit and financial recommendations to approving authorities. Participate in credit-related meetings organized by zones and other business units. Ensure compliance with agreed turnaround times (TAT) and committee calendars without compromising the quality of credit assessments and decisions. 3. Credit Risk Management Identify changes in key risk indicators affecting client relationships, industries, and existing credit exposures. Evaluate the implications of market and industry developments on existing and prospective borrowers. Recommend appropriate remedial actions when credit exposures deteriorate. Work closely with the Credit Risk Department to comply with Risk and Control Assessment (RCA) testing and quarterly reviews required by the Bank of Tanzania (BoT). Support the review and updating of credit policies and related manuals when necessary. Respond to audit queries and Bank of Tanzania inquiries as required. 4. Technical Support and Staff Development Provide technical guidance to Credit Analysts, Credit Officers, Relationship Officers, and Relationship Managers. Coach business and credit teams to improve the quality of credit proposals submitted for approval. Mentor, guide, and monitor Credit Analysts to ensure timely and accurate credit assessments. Help improve the quality of new and existing credit applications and financing recommendations. 5. Business Relationship Management Build effective working relationships with business counterparts at the Head Office and branches to improve proposal quality and credit evaluation turnaround times. Defend professional credit judgments constructively without unnecessarily damaging business relationships. Use industry and market information to identify potential threats affecting existing and prospective clients. Maintain accurate records of incoming and outgoing credit applications, credit memoranda, and related documentation. Required Knowledge and Skills Applicants should possess the following knowledge and competencies: Understanding of different industry sectors, including government and parastatal organizations, manufacturing, wholesale trade, agribusiness, and retail. Excellent understanding of credit assessment and associated risks. Detailed knowledge of credit analysis techniques. Good knowledge of banking credit products. Strong analytical and numerical skills. Excellent interpersonal skills in a business or credit environment. Strong communication and presentation skills. Effective negotiation skills. Ability to defend credit judgments professionally and objectively. Ability to identify risks and recommend appropriate mitigation measures. Required Qualifications and Experience Education A bachelor’s degree in any of the following fields or a related discipline: Commerce Economics Finance Business Administration Work Experience Applicants must have at least four years of work experience in credit analysis, covering both corporate and SME credit applications. Experience should include relevant credit facilities and sectors such as: Agribusiness financing. Trade finance. Project financing. Corporate lending. Small and medium enterprise credit assessment. Candidates should be able to demonstrate practical experience in financial analysis, credit risk evaluation, and the preparation of lending recommendations. Equal Employment Opportunity NMB Bank Plc is an equal opportunity employer committed to creating a diverse workplace and achieving a gender-balanced workforce. Female candidates and persons living with disabilities are strongly encouraged to apply. The bank does not charge any fees in connection with its application or recruitment process. Applicants should disregard any requests for payment related to recruitment. Only shortlisted candidates will be contacted. How to Apply Interested and qualified candidates should submit their applications online through the official NMB Bank careers portal. CLICK HERE TO APPLY