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.
The Bank traces its origins to 1967 when the Tanzanian Government nationalized all financial institutions, including banks. In 1991, the banking industry was amended and six years later, in 1997, the institution then known as National Bank of Commerce, was split into three separate entities:-
- NBC Holding Corporation
- National Microfinance Bank (NMB)
- NBC (1997) Limited
In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC.
The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took up 15% of the shareholding in the bank. The new entity became known as NBC Limited.
Accountability: People Management
Annual review of capacity needs and advise Head of Risk where there are gaps; this includes review of fraud risk structure and if necessary adopt the structure according to the needs that is dictated by MI on fraud types.
Participate in recruitment and appointment of Fraud Risk resources.
Participate in interviews of potential candidates applying for fraud risk positions.
Advise on training requirements to up skill fraud risk investigators and assist with the sourcing of service providers in their regard.
Giving input to build a proper fraud risk structure within NBC.
Manage a team to ensure effective delivery of services to Stakeholders
Determine and analyze development needs for the team and ensure that identified training requirements are budgeted for and executed
Develop a high-performing team by embedding formal performance development and informal coaching. Encourage frequent knowledge sharing between team members. Review and maintain succession plans for one level below.