Reconciliation Manager

Reconciliation Manager – NBC Bank Job Overview Employer:NBC Bank (National Bank of Commerce) Position:Reconciliation Manager Location:NBC Head Office, Tanzania Employment Type:Full-time Reference:R-15989955-1 Minimum Experience:5 years, including2 years in a supervisory/management role Job Summary The Reconciliation Manager will lead and manage NBC’s reconciliation function, ensuring that, General Ledger (GL), suspense, clearing, digital, card, mobile-money, and Nostroare accurately reconciled within agreed timelines. The role is responsible for identifying and resolving reconciliation exceptions, strengthening financial controls, supporting regulatory and audit requirements, and providing management with reliable reconciliation reports. Key Responsibilities 1. Reconciliation Operations & Control Oversight – 45% Lead daily, weekly, and monthly reconciliation activities. Oversee reconciliation of:Bank accountsGeneral Ledger accountsSuspense accountsClearing accountsDigital accountsCard accountsMobile-money accountsNostro accounts Bank accounts General Ledger accounts Suspense accounts Clearing accounts Digital accounts Card accounts Mobile-money accounts Nostro accounts Ensure reconciliations are completed, reviewed, documented, and approved within agreed timelines. Investigate, track, escalate, and resolve outstanding reconciliation items. Monitor ageing of reconciling items and long-outstanding balances. Conduct quality-assurance checks for completeness and accuracy. Ensure proper segregation of duties. Maintain appropriate reconciliation documentation and audit trails. 2. Risk, Compliance & Reporting – 30% Ensure reconciliation activities comply with:Regulatory requirementsEnterprise-Wide Risk Management FrameworkInternal policiesReconciliation procedures Regulatory requirements Enterprise-Wide Risk Management Framework Internal policies Reconciliation procedures Prepare reconciliation dashboards and exception reports for management. Highlight:Ageing itemsHigh-risk exceptionsRoot causesRequired corrective actions Ageing items High-risk exceptions Root causes Required corrective actions Identify process gaps and control weaknesses. Recommend sustainable improvements. Support internal and external audits. Provide reconciliation schedules, explanations, and action-plan updates. Ensure compliance with:AML requirementsSanctions controlsKYC requirementsInformation securityOperational risk requirements AML requirements Sanctions controls KYC requirements Information security Operational risk requirements 3. Stakeholder Management & Issue Resolution – 15% Work closely with: Branches Head Office departments Treasury Finance Operations Technology Other relevant stakeholders Responsibilities include: Resolving reconciliation discrepancies within agreed timelines. Escalating high-value, unusual, aged, or high-risk items. Driving timely responses to reconciliation queries. Ensuring stakeholders understand required corrective actions and deadlines. 4. People Management & Continuous Improvement – 10% Lead, coach, and develop reconciliation staff. Set clear performance objectives. Monitor employee performance and identify training needs. Allocate workloads effectively. Manage staff leave and ensure continuity of reconciliation activities. Promote automation and standardization. Simplify reconciliation processes to improve:AccuracyEfficiencyControl effectiveness Accuracy Efficiency Control effectiveness Education Requirements Applicants should have: Bachelor’s degree or Advanced Diplomain:AccountingFinanceBankingBusiness AdministrationRelated field Accounting Banking Business Administration Related field Professional Qualification CPA, ACCA, or equivalent professional qualificationis an added advantage. Experience Required Candidates must have: At least5 years of experiencein:Banking operationsFinance operationsReconciliationsFinancial controls Banking operations Finance operations Reconciliations Financial controls And: At least2 years in a supervisory or management position. This is therefore amanagement-level position, rather than an entry-level reconciliation role. Required Skills Technical Skills Strong knowledge of bank reconciliations. Suspense-account management. Clearing-account reconciliation. Nostro-account reconciliation. General Ledger controls. Settlement processes. Operational risk management. Internal controls. AML, sanctions, and KYC requirements. Regulatory compliance. Reconciliation systems. Core banking systems. Analytical Skills Advanced analytical and investigation skills. Strong problem-solving ability. Excellent attention to detail and accuracy. Ability to interpret:Reconciliation trendsAgeing reportsException reportsRoot-cause analysis Reconciliation trends Ageing reports Exception reports Root-cause analysis Technology & Management Skills Advanced proficiency inMicrosoft Excel. Proficiency in Word and PowerPoint. Strong stakeholder-management skills. Excellent written and verbal communication. Leadership and coaching skills. Performance-management capability. Change-management skills. Ideal Candidate NBC is looking for an experienced banking or finance professional with strong expertise inreconciliations, financial controls, operational risk, and banking operations. The strongest candidates will combine technical reconciliation knowledge withpeople leadership, investigation, risk management, stakeholder coordination, and process-improvement capabilities. How to Apply: To submit your application, please follow the link provided below. CLICK HERE TO APPLY