Reconciliation Officer at NBC Bank Tanzania – August 2026

Reconciliation Officer at NBC Bank Tanzania – August 2026

Reconciliation Officer

Job Details

• Job Identification: R-15989957

• 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

To perform timely, accurate, and complete reconciliations of assigned suspense, digital, Nostro, settlement, and other general ledger accounts. The role involves identifying, investigating, escalating, and resolving reconciling items while maintaining proper supporting documentation to support financial control, regulatory compliance, loss prevention, and effective decision-making.

Key Responsibilities

1. Daily Reconciliation, Investigation & Oversight (60%)

• Perform daily reconciliation of assigned accounts and products, ensuring completeness, accuracy, and timely identification of unmatched, aged, or exception items.

• Investigate discrepancies by reviewing source documents, transaction reports, system postings, and branch/unit submissions to recommend appropriate corrective actions.

• Engage branches, operations teams, finance, technology, and other reporting units to obtain explanations and evidence required to clear outstanding items.

• Validate the correctness, ownership, ageing, and risk impact of reconciling items, escalating material, long-outstanding, or high-risk exceptions to the Supervisor or Manager.

• Maintain daily reconciliation templates, evidence, and exception trackers in the approved shared repository for management information, review, and audit trail purposes.

• Support process owners and branch teams with guidance on reconciliation requirements, balancing procedures, and clearance of outstanding items.

• Perform any other reconciliation, control, or reporting tasks assigned by the Supervisor or Manager.

2. Policy, Procedure, Risk & Control Compliance (30%)

• Stay up to date with NBC policies, procedures, reconciliation standards, operational risk requirements, and control changes.

• Comply with user access, password, information security, data confidentiality, and segregation-of-duties requirements at all times.

• Maintain complete, accurate, and retrievable records of reconciliations, approvals, explanations, and supporting evidence in line with retention requirements.

• Contribute to loss prevention by identifying control weaknesses, operational risk events, unusual trends, and potential fraud indicators arising from reconciliation activities.

• Comply with KYC, AML, sanctions, regulatory, and internal control requirements relevant to reconciliation operations.

• Support internal and external audit reviews by providing timely, accurate, and complete reconciliation evidence, explanations, and issue updates.

• Prepare or support management information on reconciliation status, outstanding items, ageing, root causes, and agreed action plans.

• Ensure all reconciliation activities are performed within the approved functional mandate and escalation framework.

3. Managing Career & Personal Development (10%)

• Meet agreed performance, learning, and development objectives in line with your personal development plan.

• Agree on measurable performance objectives with the Supervisor or Manager and review progress regularly.

• Proactively identify skills gaps, training needs, and improvement opportunities relevant to reconciliation, risk management, and reporting.

• Seek feedback, apply lessons learned, and demonstrate continuous improvement in quality, timeliness, and stakeholder service.

Qualifications & Requirements

Education & Experience

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

• Experience: At least 1 year of relevant experience in reconciliation, banking operations, finance operations, branch operations, or a related control function.

Required Knowledge & Skills

• Sound understanding of suspense, digital, settlement, Nostro, and general ledger account operations, including reconciliation processes and exception management.

• Strong analytical, numerical, and problem-solving skills, with the ability to interpret transaction data and identify root causes of discrepancies.

• High attention to detail, accuracy, and completeness in preparing reconciliations, reports, and supporting schedules.

• Good understanding of accounting principles, bank account reconciliation concepts, internal controls, and operational risk management.

• Knowledge of relevant regulatory, KYC, AML, sanctions, and compliance requirements applicable to banking operations.

• Ability to plan, prioritize, and manage multiple reconciliations within strict daily, weekly, and monthly deadlines.

• Proficiency in Microsoft Word, PowerPoint, and intermediate-to-advanced Excel (pivot tables, lookups, filtering, and data analysis).

• Clear written and verbal communication skills to explain exceptions, risks, and required actions professionally.

How to Apply

Interested candidates can apply online through the official NBC Careers portal using Job Requisition ID R-15989957.

• Deadline: August 24, 2026