Website FINCA Microfinance Bank Limited Tanzania
FINCA Microfinance Bank Limited Tanzania
Job Vacancy Announcement
Risk Management and Compliance Officer
Department: Risk Management & Compliance
Duty Station: Dar es Salaam
Application Period: 23 February 2026 – 09 March 2026
Reporting To: Senior Risk Management and Compliance Officer
Job Summary
The Risk Management and Compliance Officer supports the effective identification, analysis, evaluation, mitigation, monitoring, and reporting of both financial and non-financial risks. The role assists the Senior Risk Management and Compliance Officer in ensuring that the bank operates within the risk appetite approved by the Board of Directors and maintains a strong regulatory compliance environment.
Key Duties and Responsibilities
1. Risk Management (35%)
- Conduct risk assessments and recommend remedial actions for identified gaps.
- Monitor Risk Registers from Risk Control Self-Assessments (RCSAs) and report status updates.
- Monitor Key Risk Indicators (KRIs) and coordinate mitigation strategies with process owners.
- Perform risk review assignments in line with Risk and Compliance policies to identify high-exposure areas and recommend improvements.
2. Regulatory Compliance (35%)
- Monitor regulatory returns to ensure accuracy and timely submission to the Bank of Tanzania and other regulators.
- Conduct compliance reviews to ensure adherence to laws, regulations, and regulatory circulars.
- Monitor key compliance risk areas, including:
- Credit portfolio and collateral management
- Documentation and consumer protection
- AML, KYC, and suspicious transaction monitoring
- Account opening and dormant account reactivations
- Agent Banking and Mobile Banking operations
- Ensure the Regulatory Compliance Library and internal PEP list are up to date.
- Review policies and operational procedures to ensure compliance with Bank of Tanzania regulations and applicable laws, recommending immediate amendments where necessary.
- Monitor AML compliance, follow up on suspicious transaction reporting, and ensure staff AML training completion.
- Coordinate with Legal Counsel on new laws, amendments, and regulations affecting banking operations and monitor their implementation.
- Monitor compliance with the Subsidiary General Policies Manual (SGPM) and recommend changes where local laws override group policies.
3. Reporting (20%)
- Prepare and submit timely and accurate Risk and Compliance assessment reports.
- Prepare monthly Risk and Compliance activity reports for submission to the Senior Risk Management and Compliance Officer.
4. Training & Capacity Building (10%)
- Conduct regular staff training on applicable laws, regulations, and emerging compliance requirements.
- Provide coaching and guidance to staff during assessments to address identified weaknesses.
Experience and Competencies
- Minimum of 2 years’ experience in a banking or microfinance institution.
- Strong knowledge of microfinance, banking operations, and deposit-taking/lending institutions.
- Good understanding and application of banking policies, processes, and regulatory frameworks.
- Prior experience as a Compliance Officer is an added advantage.
- Strong communication, teamwork, and organizational skills.
- High level of integrity, initiative, and self-motivation.
- Fluency in spoken and written English.
- Proficiency in MS Excel, Word, PowerPoint, Visio, and other Microsoft Office applications.
How to Apply
Interested and qualified candidates should submit their Curriculum Vitae (CV) via email no later than 09 March 2026.
📧 Email: TZ_Recruitment@finca.co.tz
Important Notice
Only shortlisted candidates will be contacted.
To apply for this job email your details to TZ_Recruitment@finca.co.tz