Risk and Compliance Officer Job Opportunity at VisionFund

Risk and Compliance Officer Job Opportunity at VisionFund

Position: Risk and Compliance Officer 

Company: VisionFund Microfinance

Location: Arusha

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 44 billion and more than 60,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;Tanzanian jobs

Work Reference No. 18/24

Position: Risk and Compliance Officer

Reporting to: Senior Compliance Officer

Alternate (Administrative reporting line): Regional Manager

Responsibility:

• The purpose of this role is to establish, implement and enforce a robust bank wide Compliance Risk Management Framework and systems (policies, processes and tools) covering Legal and regulatory compliance and AML Compliance.
• Ensure compliance with Bank’s policies, guidelines & procedures; Banking and Financial Institutions Act, BOT Regulations and other regulatory directives; Anti Money Laundering Act, Anti Money Laundering Regulations and Guidelines.
• Ensuring that the Bank is not used as a conduit by money launderers and or terrorism financiers and also to protect the integrity of the Bank

Main tasks:

• Work with Senior Compliance to implement Compliance Monitoring Plan in the respective region.
• Monitoring and reporting all cases relating to violation of all VFT MFB policies and procedures as well as legal and regulatory requirements
• Conduct training to VFT-MFB staff on bank policies and procedures, legal and regulatory i.e. AML
• Monthly reporting list of names of VFT staff who violates KYC requirement to Senior Compliance Officer
• Advice the bank on the compliance status with the regional operational policies, local policies and procedures as well legal and regulatory requirements (BOT, FIU, TRA, COMPANY, LABOUR, etc.)
• Review and report operational non-compliance issues such as data input, reconciliation, abnormal approvals and withdrawals.
• Analyze trends in branch reports falling in their respective regions to enable timely detection of anomalies in operations including frauds.
• Reporting confirmed and potential fraudulent activities that comes to their attention and monitor status of recovering of such frauds at their Business Centers
• Assist Senor Risk Officer in the identification of risks, and updating of risk register, monitoring and reporting
• Conduct testing of internal risk and compliance controls including security devices
• Act as a focal person for healthy and physical security of the regional business center.
• Conduct trainings on risks, physical security and safety, AML and all compliance matters that affects the bank to new and existing staff
• Communicate compliance issues to BCM of specific Business Center

Requirements

• University degree in Law, Business Management, Banking or related disciplines with knowledge on compliance software/applications.
• Experience with Banking/Financial Institution operation,
• Enterprise risk management
• Understanding of impacts of money laundering to economy and on financial systems
• Strong analytical skills, paying careful and particular attention to detail, and also have an investigative mindset

Other attributes:

• Highly developed sense of reliability and correctness
• Is an effective trainer
• Very good communication skills
• Possess Innovative and analytical skills
• Very good planning skills
• Good team player
• High level of Integrity and Ethical
• Must have above average skills in using Micro Soft office applications
• Must be a self-starter, highly motivated, organized, and detail-oriented

About our working environment & organization culture:

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued.

Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

VisionFund Tanzania Microfinance Bank takes our Safeguarding responsibilities seriously and is committed to providing an environment that is safe from harm or abuse for adults, including clients, as well as children. Candidates will undergo criminal record and background/ reference check prior to employment.

Risk and Compliance Officer Job Opportunity at VisionFund

Female applicants are particularly encouraged to apply!!

Mode of Application:

Interested and suitably qualified individuals should;

Forward their application letter, attaching certified copies of their academic and
professional certificates, detailed CV’s with three referees and National ID to [email protected]

All applications should be addressed to;

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited

P.O. Box 1546,

Arusha, TANZANIA.

The position should be the subject of the email application.
The deadline for the application is on 28th December, 2024.
N.B. Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.

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