Reconciliation Manager at NBC Bank Tanzania – August 2026

Reconciliation Manager at NBC Bank Tanzania – August 2026

Reconciliation Manager

Job Details

• Job Identification: R-15989955

• Location: Head Office NBC, Tanzania (Hybrid)

• Work Type: Full-time

• Application Deadline: August 24, 2026

About NBC

National Bank of Commerce (NBC) is the oldest serving bank in Tanzania with over five decades of experience. NBC offers a comprehensive range of retail, business, corporate, and investment banking, as well as wealth management products and services.

Job Purpose

The Reconciliation Manager leads and manages the bank’s reconciliation function, ensuring that all bank, general ledger (GL), suspense, clearing, digital, card, mobile money, and Nostro accounts are reconciled accurately and within agreed timelines. The role ensures timely identification, escalation, and resolution of reconciling items, strengthens reconciliation controls, supports audit and regulatory compliance, and provides management with reliable reconciliation reporting for effective financial and operational risk management.

Key Responsibilities

1. Reconciliation Operations & Control Oversight (45%)

• Lead daily, weekly, and monthly reconciliation activities across assigned bank, GL, suspense, clearing, digital, card, mobile money, and Nostro accounts.

• Ensure reconciliations are completed, reviewed, evidenced, and attested within agreed service-level timelines.

• Oversee the investigation, ageing, escalation, and clearance of reconciling items, exceptions, and long-outstanding balances.

• Perform quality assurance checks to confirm completeness, accuracy, segregation of duties, and adherence to reconciliation standards.

• Maintain robust documentation, evidence, and audit trails for all reconciliations and exception resolutions.

2. Risk, Compliance & Reporting (30%)

• Ensure activities comply with regulatory requirements, the Enterprise-Wide Risk Management Framework, internal policies, and reconciliation procedures.

• Prepare and submit periodic reconciliation dashboards and exception reports to management, highlighting ageing, high-risk items, root causes, and required actions.

• Identify process gaps, control weaknesses, and recurring exceptions, recommending sustainable process improvements.

• Support internal and external audits by providing reconciliations, schedules, explanations, and action-plan updates.

• Ensure the team remains compliant with AML, sanctions, KYC, information security, and operational risk requirements.

3. Stakeholder Management & Issue Resolution (15%)

• Engage branches, Head Office units, Treasury, Finance, Operations, Technology, and other stakeholders to resolve reconciliation discrepancies within agreed timelines.

• Escalate high-value, unusual, aged, or high-risk reconciling items through appropriate governance channels.

• Drive timely responses to reconciliation queries and ensure stakeholders understand required actions and deadlines.

4. People Management & Continuous Improvement (10%)

• Lead, coach, and develop reconciliation staff by setting clear objectives, monitoring performance, and supporting training needs.

• Allocate workloads to maintain continuity, manage leave plans, and ensure reconciliations are not compromised during absences.

• Promote automation, standardization, and simplification of reconciliation processes to improve accuracy, efficiency, and control effectiveness.

Qualifications & Requirements

Education & Experience

• Academic Qualifications: Bachelor’s degree or Advanced Diploma in Accounting, Finance, Banking, Business Administration, or a related field.

• Professional Qualifications: CPA, ACCA, or equivalent professional certification is an added advantage.

• Overall Experience: At least 5 years’ experience in banking operations, finance operations, reconciliations, or financial controls.

• Leadership Experience: Minimum 2 years in a supervisory or managerial role.

Required Skills & Competencies

• Deep knowledge of bank reconciliations, suspense accounts, clearing accounts, Nostro accounts, GL controls, and settlement processes.

• Sound understanding of operational risk, internal controls, AML, sanctions, KYC, and regulatory compliance requirements.

• Advanced analytical, investigation, and problem-solving skills with strong attention to detail and accuracy.

• Ability to interpret reconciliation trends, ageing reports, exception reports, and root-cause analysis.

• Proficiency in Microsoft Office (Excel, Word, PowerPoint) and core banking/reconciliation systems.

• Excellent stakeholder management, written, and verbal communication skills.

• Proven capability in leadership, coaching, performance management, and change management.

How to Apply

Interested candidates can apply online through the official NBC Careers portal using Job Requisition ID R-15989955.

CLICK HERE TO APPLY

• Deadline: August 24, 2026