Risk and Compliance Officer

About the Role

Responsibilities

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

Requirements

• 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