Risk and Compliance Officer – LOLC Tanzania

Company: LOLC Tanzania
Position: Risk and Compliance Officer
Location: Dar es Salaam, Tanzania
Employment Type: Full-time
Application Deadline: 30 July 2026

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About LOLC Tanzania

LOLC Tanzania is a leading financial services provider committed to providing accessible loan solutions that support individuals and businesses in achieving sustainable growth and financial success.

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Job Summary

LOLC Tanzania is seeking a qualified Risk and Compliance Officer to support the implementation and maintenance of the organization’s Enterprise Risk Management (ERM) framework and compliance programs.

The successful candidate will be responsible for identifying, assessing, and monitoring risks, ensuring regulatory compliance, preparing risk reports, and promoting a strong risk management culture across the organization.

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Key Responsibilities

Enterprise Risk Management

• Support the development, implementation, and maintenance of the Enterprise Risk Management Framework.
• Maintain and update:
  • Risk Registers
  • Risk Appetite Statements
  • Risk management policies and procedures
• Conduct risk assessments across business operations.
• Support Risk and Control Self-Assessments (RCSAs).
• Monitor Key Risk Indicators (KRIs) and operational risk incidents.
• Ensure timely escalation of identified risk exposures.

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Risk Reporting & Governance

• Prepare periodic risk and compliance reports for:
  • Management
  • Risk Committee
  • Audit Committee
  • Board of Directors
• Provide accurate analysis and insights on emerging risks.
• Support decision-making through effective risk reporting.

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Regulatory Compliance Monitoring

• Monitor compliance with regulatory requirements including:
  • Bank of Tanzania (BoT) regulations
  • Financial Intelligence Unit (FIU) requirements
  • Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations
  • Know Your Customer (KYC) requirements
  • Consumer Protection regulations
  • Data Privacy requirements
  • Credit Reference Bureau regulations
  • Internal company policies
• Track regulatory changes and assess their impact on business operations.
• Coordinate regulatory compliance activities and obligations.

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Compliance Reviews & Risk Mitigation

• Support compliance monitoring exercises.
• Coordinate regulatory inspections and follow-up actions.
• Monitor implementation of corrective actions and risk mitigation plans.
• Ensure identified compliance gaps are addressed within agreed timelines.

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Operational Resilience & Business Support

• Support:
  • Business continuity planning
  • Operational resilience initiatives
  • New product reviews
  • System and process reviews
• Promote risk awareness and compliance culture throughout the organization.
• Provide guidance to business units on risk management practices.

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Qualifications

Academic Requirements

Bachelor’s Degree in any of the following fields:

• Risk Management
• Accounting
• Finance
• Banking
• Economics
• Law
• Business Administration
• Or a related field

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Professional Certifications (Added Advantage)

Candidates with professional qualifications such as the following will have an advantage:

• CPA (T)
• ACCA
• Financial Risk Manager (FRM)
• Professional Risk Manager (PRM)
• Certified Anti-Money Laundering Specialist (CAMS)
• Certified Regulatory Compliance Manager (CRCM)
• Certified Internal Auditor (CIA)
• Equivalent professional certifications

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Experience Requirements

• Minimum of 3 years’ experience in one or more of the following areas:
  • Risk Management
  • Compliance
  • Internal Audit
  • Banking
  • Microfinance
  • Financial Services
  • Regulatory Compliance

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Key Skills & Competencies

• Enterprise Risk Management (ERM)
• Regulatory Compliance
• Risk Assessment
• Risk and Control Self-Assessment (RCSA)
• Operational Risk Management
• AML/CFT Compliance
• KYC Compliance
• Regulatory Reporting
• Internal Controls
• Policy Development
• Business Continuity Management
• Data Privacy Compliance
• Analytical Skills
• Report Writing
• Stakeholder Management
• Communication Skills
• Attention to Detail
• Problem Solving

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How to Apply

Interested candidates should submit their CV/Resume to:

Email: Recruitment.T@lolc.co.tz

Subject Line: Risk and Compliance Officer

Application Deadline: 30 July 2026

Note: Applicants should ensure the correct position title is included in the email subject line.