Job Vacancy at FINCA Tanzania, October 2026

Head of Risk Management and Compliance

Company: FINCA Microfinance Bank Tanzania
Employment Type: Full-time
Location: Tanzania
Department: Risk Management and Compliance

About FINCA Impact Finance

FINCA Impact Finance is a global network of full-service banks and microfinance institutions focused on expanding responsible and inclusive financial services. With decades of experience in microfinance and a predominantly local workforce, FINCA supports low-income entrepreneurs and small business owners to invest in their futures.

FINCA promotes a culture built around transparency, active listening, accountability, respect, collaboration, service, and inclusivity.

Job Purpose

The Head of Risk Management and Compliance will establish, implement, and enforce a robust risk management framework and systems covering key risk families under FINCA’s Risk Appetite and Tolerance Limit framework and in alignment with Central Bank guidelines on risk management.

The role will support Management in maintaining a sound risk and internal control environment within the risk appetite approved by the Board of Directors.

The position will also provide guidance on risk identification, analysis, mitigation, and prevention; monitor control activities; recommend corrective actions for identified deficiencies; and develop work plans aligned with the subsidiary’s strategic and operational objectives.

Key Responsibilities

Risk Management and Risk Culture

• Promote and continuously improve the organization’s risk culture.
• Support Management in developing the Risk Appetite framework.
• Monitor and analyse internal and external events to assess the overall risk profile.
• Support the business in developing appropriate risk management strategies and tools.
• Promote risk management practices in line with developments in the market, industry, laws, and regulations.
• Oversee and enforce risk management policies and established risk limits.
• Identify significant gaps in risk management capabilities and recommend appropriate improvements.
• Analyse subsidiary operations to identify risks and recommend preventive actions.

Compliance, Fraud and Internal Controls

• Investigate, analyse, and report compliance issues and instances of fraud that may negatively affect the organization’s operations or reputation.
• Manage the assessment of risks associated with proposed new products, procedures, functions, and third-party vendors.
• Establish and manage internal control tools and instruments during implementation.
• Support implementation of responsibilities and activities under the FINCA Internal Control Manual.
• Implement and support AML/KYC compliance and fraud management directives.
• Manage control activities and reporting across the subsidiary.
• Monitor and report progress on corrective action plans addressing control deficiencies and findings identified through management self-assessments and internal or external audits.
• Provide an independent view of proposed business plans and report identified risks to Management.
• Support Management in ensuring internal control activities comply with the Company’s charter/bylaws, policies, procedures, plans, agreements, governing-body decisions, and applicable requirements from headquarters and regional supervisors.

Regulatory and Risk Reporting

• Regularly evaluate the Company’s regulatory documentation to ensure completeness, accuracy, and efficiency.
• Prepare quarterly Risk Reports for subsidiary-level and FMH Board reporting.
• Proactively engage subsidiary Management Boards on key projects by providing insights into inherent and residual risks after consideration of mitigating controls and other activities.

Team Leadership and Development

• Supervise and monitor subsidiary Risk Management and Internal Control staff.
• Support training and development of Risk and Internal Control staff, including responsibilities relating to AML/KYC compliance and Fraud Management.
• Conduct periodic branch reviews of operational and credit processes in accordance with the FINCA Internal Control Manual.
• Lead virtual teams and support project management activities where required.

Qualifications

• Bachelor’s degree or equivalent in:
  • Business Administration
  • Finance
  • Economics
  • Management
  • A related field
• An advanced or graduate-level degree is desirable.
• Additional qualifications or certifications in Risk Management, AML/KYC Compliance, or Internal Controls are preferred.

Experience

• At least 7 years of practical banking and/or microfinance operations experience.
• Experience may include a combination of:
  • Credit
  • Operations
  • Audit
  • Client-facing roles
  • Risk Management
  • Internal Control
• Experience leading virtual teams and/or managing projects.
• Team leadership experience, such as serving as a project lead, is relevant even where the candidate has not had direct people-management responsibility.

Knowledge and Skills

• Strong business acumen.
• Strong interpersonal skills.
• Sound decision-making skills.
• Excellent communication, executive writing, and reporting skills.
• Strong analytical and critical-thinking abilities.
• Ability to work effectively with colleagues and stakeholders.
• Ability to transform data and information into meaningful interpretations and management insights.
• Strong understanding of Enterprise Risk Management (ERM) and/or internal control frameworks, such as COSO.
• Strong knowledge of risk management principles and practices.
• Ability to provide structure and clarity around risk management programmes.
• Strategic planning and management skills.
• Good understanding of FINCA’s business model and ability to develop appropriate risk tolerances.

Language Requirements

• Fluency in English is required.

Travel Requirements

• The successful candidate must be available to travel as required.

How to Apply

Interested and qualified candidates should submit their applications through the FINCA Impact Finance official recruitment portal.

CLICK HERE TO APPLY