Vacancy title:
Product Controller

[Type: FULL_TIME, Industry: Banking, Category: Admin & Office]

Jobs at:
National Bank of Commerce (NBC)

Deadline of this Job:
Friday, August 8 2025

Duty Station:
Tanzania | Dar es Salaam | Tanzania

Summary
Date Posted: Friday, July 25 2025, Base Salary: Not Disclosed

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JOB DETAILS:

Product Controller plays a key role in ensuring independent validation, substantiation and reporting of financial information for Markets and Treasury businesses.

Job Description​

Accountability:  Product Control and Governance. Time split : 80%

• Reporting of daily, monthly and year to date P&L for assigned desks
• Ensure the assigned portfolio is accurately represented within the general ledger
• Ensure correct fair valuation of the products handled in the assigned desk
• Provide daily, monthly, and quarterly beneficial commercial analysis of Foreign Exchange Trading
• Build good working relationships with other departments
• Ensure compliance of trading limits for the assigned desk
• Daily substantiation of balance sheet which include agreeing balances to third party records, investigating all breaks, and resolving them in a timely manner
• Analyse and report on material adjustments to the P&L, including discrepancies to the Front Office flash
• Meet team’s KPI and SLA
• Provide appropriate P&L and balance sheet commentary / analysis
• Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet
• Timely and accurate submission of returns to regulatory authorities 
• Perform month end process (Bid-Offer, Price testing etc.)
• Agree positions and results between Front and back-office systems and submit them for sign off at the appropriate level
• Monitor trading activity for compliance with various related policies
• Identify and drive process re-engineering constantly for control improvement and process efficiency

Accountability:  Risk management.  Time split : 10%

• Maintaining a strong compliance culture
• Adhering to all the policies and procedures of the bank
• Ensuring high quality of service to all clients (reputational risk)

 Accountability:  Personal Development.  Time split : 10%

• Actively managing one’s own technical and soft skills development in conjunction with the Head of Product Control and Governance
• Researching, identifying and proposing training solutions for own development to the Head of Product Control and Governance

Education and Experience Required

• Bachelor’s degree (preferred Accounting, Finance, Economics or Business qualification)
• 2+ years related experience

Knowledge & Skills: (Maximum of 6) Competencies: 

• Knowledge of standard and non-standard Markets / Treasury products
• Understanding of interest rate risk, foreign exchange risk and credit risk
• Understanding of the policies, procedures and ethical requirements of a Markets environment
• Excel competency
• Communication skills
• Ability to manage a variety of tasks simultaneously and deliver to tight deadlines
• Digitally empowered ,Utilises technologies to enhance own, team and business performance
• Creative problem solver , Finds sustainable solutions to difficult solutions to difficult and complex problems using creative methods

Qualifications

Bachelor`s Degrees and Advanced Diplomas - Business, Commerce and Management Studies, Commercial mindset - Junior (Meets some of the requirements and would need further development), Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment, Openness to change (Meets some of the requirements and would need further development), Personal mastery (Meets all of the requirements), Product and/or Service Knowledge (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

Job application procedure

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