Website NMB Bank Plc
NMB Bank Plc., is a commercial bank in Tanzania, the second-largest economy in the East African Community
Manager; Regulatory Affairs (1 Position(s)) at NMB Bank Plc – Dar Es Salaam – February 2026
Manager; Regulatory Affairs (1 Position(s))
Job Location :
Head Office, Hq
Job Purpose:
- Manage relationship between the bank and Regulatory Authorities and ensure the bank adheres to the applicable laws, regulations and the ethical standards consistent with supporting the bank’s strategic direction and growth aspirations.
- Support business through provision of relevant advise and recommendations, implementation, corrective measures and follow-ups to adequately manage compliance risks.
Main Responsibilities:
Risk Management
- Maintain and keep up to date relevant registers necessary for compliance risk monitoring including regulatory liaison, policy tracker, conflicts of interest declarations, gifts and entertainment, etc.
- Engage appropriate business units whenever compliance gaps are identified and determine a plan to address those risks.
- Monitor regulatory developments to identify and escalate the need for new or amended policies and procedures. Keep an updated tracker of the bank’s policies and procedures.
- Proactively look for ways to improve the control environment
- Facilitate, oversee and confirm regulatory obligations self-assessment exercise across the bank.
- Analyze and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive the relevant remediation actions.
- Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes / practices and associated risks, and proactive engagement in regulatory reform.
- Track regulatory issues arising from compliance metrics, assurance activities, audit reviews and regulatory inspections, proving validation of issue closure where necessary.
- Assist in overseeing relevant administration and licensing as per regulatory requirements.
Business
- Identify and keep abreast of new laws and changes to laws and regulations, in order to be up to date with current compliance requirements and work with the relevant stakeholders to perform a gap analysis and assess the business impact of new/amended regulatory requirements and escalate if necessary.
- Assist in reviewing new products, projects, business initiatives, and agreements, monitor and develop compliance profiles of new areas of activities, and create compliance risk matrix for all laws and by-laws, guidelines in which the bank is subject to
- Assist in administering the NMB Code of Conduct and ensure effective management of all Conduct Risks. Provide advice, training, and awareness to staff on all matters relating to NMB Code of Conduct.
- Build and maintain effective and constructive relationships with the business and functional stakeholders that are based on trust, capability and integrity, providing timely, responsive and quality compliance related advice and guidance to enable the bank to meet its strategic objectives.
- Provide advice, analysis (and challenge when appropriate) to the business, including product design, new business initiatives, remedial activities and transactional advice.
- Support relevant stakeholders to make decisions based on current and possible future policies, practices and trends, and provide robust challenges to all relevant business and functions stakeholders where activities are outside of risk tolerance / appetite.
- Work closely with the businesses and functions to provide timely advice to ensure compliance with all relevant laws, regulations and internal policies and support the transition to proactive and preemptive compliance risk mitigations.
Reporting & External Relations
- Assist in preparing relevant Management reports e.g. monthly and quarterly reports to the Management and Board Audit, Risk and Compliance Committee, monthly Risk & Control Committee’s reports and other assigned reports.
- Assist with preparing and coordinating ad-hoc reports on regulatory affairs and compliance as required.
- Support in the development and maintenance of effective and efficient interaction with regulators and other government agencies, ensuring bank’s views and interests are well represented.
Regulatory Relationship
- Assist in managing relationships with all the bank’s regulators
- Assist in ensuring that key changes (to laws, rules, regulations) are timely communicated and cascaded to the respective businesses / functions.
- Assist in developing and tracking implementation of the engagement plan with the relevant stakeholders (i.e. Government, Regulators and policy makers).
- Ensure the bank is properly prepared for routine regulatory examinations, audits and supervisory inspections, as well as to managing the responses from the business.
Knowledge and Skills:
- Good understanding of regulatory requirements and expectations, Banking laws, Compliance Risk Management, banks products, bank policies and operational procedures.
- Strong analytical skills and confidence in interrogating data, processes and interviewing stakeholders.
- High degree of professionalism and integrity with demonstrated ability to handle confidential issues in a professional manner.
- Strong ability to communicate at all levels.
- Attention to detail, time management, planning and organizing skills
- Good understanding of the Core Banking System and management systems, banks products, bank policies, operational procedures and operating systems
Qualifications and Experience:
- Bachelor’s degree in law/ banking/ economics/ finance or equivalent
- Master’s degree in business studies is an added advantage
- Relevant professional certifications or banking certifications will be an added advantage
- Minimum of 4 years of experience in legal, risk, audit, regulatory compliance or financial services.
- Experience in managing and executing a comprehensive compliance-monitoring program end-to-end.
- Experience drafting policies and procedures
- Experience managing regulatory interactions & examinations for a financial services company will be an added advantage.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.
NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Only shortlisted candidates will be contacted.
Job opening date : 12-Feb-2026
Job closing date : 26-Feb-2026
How to Apply:
To submit your application, please follow the link provided below.
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To apply for this job please visit careers.nmbbank.co.tz.