Risk and Compliance Officer at Selcom Microfinance Bank

Risk and Compliance Officer at Selcom Microfinance Bank

Risk and Compliance Officer

Company: Selcom Microfinance Bank Tanzania

Location: Dar es Salaam, Tanzania

Department: Risk and Compliance

Career Level: Middle Level

Application Deadline: September 29, 2026

Job Purpose

The Risk and Compliance Officer participates in identifying, assessing, and mitigating operational and financial risks across all departments. This role supports internal control evaluations, conducts Anti-Money Laundering (AML) and Know Your Customer (KYC) monitoring reviews, ensures compliance with Bank of Tanzania regulatory standards, and fosters a strong risk-aware culture across the organization.

Key Responsibilities

• Risk Identification & Assessment: Participate in departmental risk assessment discussions to evaluate Key Risk Indicators (KRIs), update business unit risk profiles, and recommend mitigating controls.

• AML & KYC Compliance: Perform AML/KYC risk assessments, conduct monitoring reviews across high-risk channels (Account Opening, Agent Banking, Mobile Banking, Dormant Reactivations), and deliver regulatory compliance training to staff.

• Operational Monitoring & Auditing: Implement the Risk and Compliance unit plan, evaluate internal control effectiveness, conduct counterparty risk assessments before onboarding, and perform independent compliance reviews.

• Audit Issue Tracking: Follow up on the resolution and closure of audit findings and corrective actions raised in external, internal, and regulatory examination reports.

• Reporting & Governance: Support Senior Officers in compiling data-driven risk reports and ensuring alignment with strategic Bank objectives.

Qualifications & Experience

• Education: Bachelor’s Degree in Accounting, Business Administration, Finance, Risk Management, or a related field.

• Experience: Minimum of 2 years of experience working in banking operations, specifically within Risk and Compliance, Internal Audit, or related departments.

• Professional Certifications: Relevant certifications in Risk Management, Compliance, CAMS (Certified Anti-Money Laundering Specialist), or CFE (Certified Fraud Examiner) are an added advantage.

• Regulatory Knowledge: Sound understanding of risk management methodologies, banking regulations, data security/privacy standards, and AML policies in Tanzania.

Key Competencies

• Strong analytical, investigative, and data-driven problem-solving capabilities

• High ethical standards, professional integrity, and objective independence

• Excellent interpersonal and facilitation skills to engage cross-functional teams

• Ability to prioritize tasks effectively and manage complex, competing priorities

How to Apply

Qualified candidates should submit their Application Letter, Updated CV, Certificates/Certifications, and a Motivation Letter (summarizing key achievements in your current role) via email to [email protected].

Application Deadline: September 29, 2026

Selcom Microfinance Bank is an equal opportunity employer.