JOB VACANCY – HEAD OF ADVISORY AND REGULATORY COMPLIANCE

Company Overview

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

Position Summary

The Head of Advisory and Regulatory Compliance is responsible for leading the bank’s advisory and regulatory compliance functions, ensuring full adherence to all applicable laws, regulations, and internal policies. The role supports business strategy through proactive compliance advisory, regulatory engagement, and effective risk management.

This position plays a critical role in safeguarding NBC’s reputation, ensuring regulatory confidence, and contributing to the bank’s long-term sustainability by fostering a strong culture of compliance across the organization.

Key Responsibilities

Regulatory Compliance & Advisory

Develop, implement, and maintain compliance policies and procedures aligned with local and international regulatory requirements.
Provide strategic compliance advisory support to business units, ensuring regulatory requirements are clearly understood and embedded in operations.
Monitor regulatory developments and assess their impact on business activities, ensuring timely adaptation.
Oversee the preparation, review, and submission of regulatory reports.
Liaise effectively with regulatory authorities and external stakeholders.

Risk Management & Control Framework

Conduct compliance risk assessments to identify, evaluate, and mitigate regulatory risks.
Develop and maintain a robust compliance control framework.
Monitor, manage, and report compliance incidents and breaches, ensuring timely remediation.
Proactively assess the effectiveness of compliance processes and implement improvements.

Audit, Monitoring & Assurance

Plan, conduct, and oversee compliance audits to ensure adherence to regulatory and internal requirements.
Ensure continuous monitoring of compliance processes and controls.

Leadership & People Management

Lead, mentor, and develop a high-performing compliance team.
Implement performance management and succession planning for key compliance roles.
Foster a culture of ethics, integrity, and accountability across the organization.

Strategy, Reporting & Continuous Improvement

Contribute to the development and execution of the Compliance Department’s strategic plan.
Develop and monitor key performance indicators (KPIs) to measure compliance effectiveness.
Identify and implement innovative solutions to enhance compliance efficiency and effectiveness.
Develop and deliver compliance training and awareness programs for staff.

Education and Experience Requirements

Minimum of 12 years’ experience in compliance or financial services.
Proven experience in leading and managing compliance teams.
Strong business acumen with the ability to balance regulatory requirements and commercial objectives.
In-depth knowledge of local and global banking regulatory frameworks.
Demonstrated experience in identifying, assessing, and mitigating compliance risks.
Experience engaging with regulators and senior internal stakeholders.

Academic Qualifications

Bachelor’s Degree in Law, Business Administration, Finance, Commerce, or a related field (mandatory).
Master’s Degree or postgraduate qualification in Compliance, Risk Management, or Corporate Governance is an added advantage.

Knowledge & Skills

Analytical and Methodical Thinking: Ability to analyze complex regulatory requirements and develop structured solutions.
Risk Management Expertise: Strong capability in compliance risk identification and mitigation.
Communication Skills: Ability to communicate complex regulatory matters clearly and persuasively.
Leadership & Team Management: Proven ability to lead, motivate, and develop teams.
Digital Awareness: Familiarity with digital banking environments and compliance technologies.

Core Competencies

Attention to Detail
Proactive Problem Solving
Strategic Thinking
Adaptability and Openness to Change
Decision-Making
Collaboration and Stakeholder Management
Resilience under Pressure
Ethical Judgment and Integrity
Leadership and People Development

Additional Professional Attributes

Strong commercial mindset at a senior leadership level.
High ethical standards and commitment to the bank’s values.
Ability to navigate complex and uncertain regulatory environments with confidence.
Determination and tenacity in achieving compliance objectives.

National Bank of Commerce is an equal opportunity employer committed to excellence, integrity, and regulatory compliance.

How to Apply:

To submit your application, please follow the link provided below.

CLICK HERE TO APPLY

To apply for this job please visit absa.wd3.myworkdayjobs.com.

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