Risk and Compliance Officer at Selcom Microfinance Bank Tanzania – September 2026

Selcom Microfinance Bank Tanzania (SMFB) is seeking a confident and self-motivated professional to join its Risk and Compliance Department as a Risk and Compliance Officer. The role offers opportunities for career development, training, mentorship, and professional growth within the Bank.

Position: Risk and Compliance Officer

• Company: Selcom Microfinance Bank Tanzania
• Department: Risk and Compliance
• Job Type: Full-time
• Application Deadline: 29 September 2026

Job Summary

The Risk and Compliance Officer will support the identification, assessment, monitoring, and management of risks across the Bank. The position will focus on risk assessments, AML/KYC compliance, internal controls, regulatory requirements, audit follow-ups, counterparty risk, and risk reporting, while helping strengthen a risk-aware culture across the organization.

Key Duties and Responsibilities

• Participate in identifying, assessing, and analyzing different types of risks across the Bank.
• Participate in quarterly and annual risk assessment discussions with various departments.
• Assist Senior Risk and Compliance Officers in managing risks, with emphasis on Key Risk Indicators (KRIs), business-unit risk profiles, and risk reporting.
• Implement the Risk and Compliance unit plan in line with business objectives.
• Provide assurance on the effectiveness of internal controls.
• Assist in evaluating risks and identifying areas of highest exposure to support implementation of mitigating controls.
• Conduct AML risk assessments in accordance with the Bank’s AML/KYC policy.
• Monitor key risk areas, including:
  • AML
  • KYC
  • Account opening
  • Dormant account reactivation
  • Agent banking
  • Mobile banking
• Communicate monitoring review outcomes to the Senior Risk and Compliance Officer.
• Conduct staff training on AML/KYC regulatory requirements to promote a risk-aware culture.
• Independently conduct assigned reviews with minimum supervision in accordance with Risk and Compliance procedures.
• Conduct counterparty risk assessments before onboarding new counterparties and monitor their performance thereafter.
• Follow up on the closure of issues raised through external audit/examination reports and internal audit reports.

Requirements and Qualifications

• Minimum 2 years of experience working in a bank, particularly in Risk and Compliance, Audit, or another related function.
• Bachelor’s degree, preferably in:
  • Accounting
  • Business Administration
  • Finance
  • Risk Management
  • or a related field.
• Professional qualifications in Risk Management, Compliance, CAMS, CFE, or related areas are an added advantage.
• Strong understanding of audit and risk management methodologies.
• Understanding of regulatory requirements relating to information security, privacy, and data security.
• High level of honesty, integrity, independence, and professional ethics.
• Ability to prioritize tasks according to their importance to the Bank’s operations and strategic objectives.
• Willingness and ability to learn and continuously improve.

Skills, Knowledge and Abilities

• Ability to manage multiple complex priorities and competing demands.
• Ability to interpret and apply policies and regulatory requirements across a complex business environment.
• Strong analytical and investigative skills.
• Methodical approach to critical questioning and problem-solving.
• Logical and data-driven decision-making.
• Strong interpersonal and communication skills.
• Ability to interact effectively with leaders at different organizational levels.
• Ability to facilitate collaboration and team interactions.

How to Apply

Interested candidates should submit:

• Updated CV
• Updated academic certificates
• Relevant professional certifications, where applicable
• Motivation letter summarizing your achievements in your current position.

Applications should be sent to:

Email: career@selcom.bank

Application Deadline: 29 September 2026

Selcom Microfinance Bank Tanzania is an equal-opportunity employer.