VisionFund Tanzania is seeking a Risk and Compliance Officer to manage compliance monitoring, enterprise risk management, fraud prevention, AML controls, physical security, health and safety, and staff training at its regional business centers.
Responsibilities
- Implement the Compliance Monitoring Plan across regional Business Centers
- Monitor and report violations of bank policies, procedures, and legal or regulatory requirements
- Conduct staff training on bank policies, procedures, consumer protection, and Anti-Money Laundering
- Submit monthly reports on staff violations of Know Your Customer requirements
- Review and report operational non-compliance issues, including data entry errors, reconciliation discrepancies, abnormal approvals, and irregular withdrawals
- Monitor implementation of recommendations from audits, regulatory inspections, and compliance reviews
- Conduct portfolio and compliance reviews for branches or loan officers with high Portfolio at Risk
- Maintain an updated register of Politically Exposed Persons
- Prepare monthly compliance review reports
- Analyze branch report trends to detect operational anomalies and potential fraud
- Report confirmed or potential fraudulent activities and monitor fraud recovery
- Assist with identifying risks, updating risk registers, and monitoring risk incidents
- Monitor and report emerging risks
- Perform loan vetting for loans in arrears for more than 120 days
- Compile and submit lists of untraceable clients
- Monitor money laundering issues and recommend AML enforcement measures
- Test internal risk and compliance controls, including security devices
- Act as the regional focal person for health, physical security, and office safety
- Assess offices to identify physical security and health gaps
- Conduct training on risks, physical security, AML, and general compliance matters
- Communicate compliance concerns and updates to Business Center Managers
Requirements
- University degree in Law, Information and Communication Technology (ICT), Business Management, Banking, or a related discipline
- Experience in banking or financial institution operations
- Practical background in Enterprise Risk Management (ERM)
- Knowledge of compliance software
- Strong analytical, investigative, and problem-solving skills
- Meticulous attention to detail
- High integrity and ethical standards
- Reliability and strong interpersonal skills
- Effective training and communication skills
- Proficiency in Microsoft Office applications
- Self-motivated, well-organized, and detail-oriented
- ICT knowledge is an added advantage
