Head of Risk Management and Compliance at FINCA Tanzania
Head of Risk Management and Compliance at FINCA Tanzania
Position: Head of Risk Management and Compliance
Location: Dar es Salaam | Employment Type: Full Time
Job Role Insights
-
Department: Corporate Risk Management
-
Qualification: Bachelor’s Degree (Graduate degree desirable)
-
Experience: 7+ Years in Banking / Microfinance Operations
About the Role
The Head of Risk Management and Compliance establishes, implements, and enforces a robust Enterprise Risk Management (ERM) framework across FINCA Tanzania. This position aligns risk policies and tolerance limits with Central Bank guidelines and FINCA’s global strategy. The role supports the Management and Board of Directors in identifying, evaluating, and mitigating risk, maintaining a strong internal control environment, ensuring regulatory/AML/KYC compliance, and driving a sound risk culture across all operational branches.
Key Responsibilities
Risk Framework & Strategy
-
Risk Appetite & Culture: Support Management in developing the Risk Appetite Framework and promote a continuous risk-aware culture across the institution.
-
Risk Profiling: Monitor internal and external events to assess the overall risk profile and refine mitigation strategies aligned with market developments and regulations.
-
Policy Enforcement: Oversee and enforce risk policies, setting established risk limits to close capability gaps.
Risk Identification, Product Review & Analysis
-
Operational Analysis: Conduct ongoing operational analysis to identify risks and recommend proactive preventive measures.
-
New Product Risk: Evaluate risks (including third-party vendor risks) for proposed products, services, and operational functions prior to launch.
-
Independent Advisory: Provide an independent view on proposed business plans and communicate risk assessments directly to Management.
Compliance, AML/KYC & Fraud Management
-
AML/KYC & Fraud: Implement and enforce directives covering Anti-Money Laundering (AML), Know Your Customer (KYC), and Fraud Management.
-
Investigations & Escalations: Conduct timely investigations, analyses, and reporting on compliance breaches, fraud incidents, or reputational risks.
-
Regulatory Compliance: Review regulatory documentation regularly to ensure completeness, accuracy, and full alignment with laws, bylaws, and governing body decisions.
Internal Controls & Branch Reviews
-
Internal Controls: Execute responsibilities defined in the FINCA Internal Control Manual and track corrective action plans arising from audits or self-assessments.
-
Branch Inspections: Conduct periodic branch reviews covering operational and credit processes in accordance with internal manuals.
Governance, Reporting & Team Supervision
-
Board Reporting: Prepare quarterly Risk Reports for subsidiary-level and FMH Board review.
-
Team Leadership: Supervise, mentor, and build capacity for subsidiary Risk and Internal Control personnel.
-
Strategic Support: Collaborate with executive management to address inherent and residual risks across major strategic projects.
Qualifications & Requirements
Education & Certifications
-
Degree: Bachelor’s Degree in Business Administration, Finance, Economics, Management, or a related field (Advanced/Master’s degree is desirable).
-
Certifications: Additional professional qualifications/certifications in Risk Management, AML/KYC Compliance, or Internal Controls are preferred.
Experience
-
Banking/Microfinance: Minimum of 7+ years of practical experience in banking or microfinance operations (encompassing credit, operations, audit, client-facing, or risk/internal control roles).
-
Leadership: Proven experience leading teams or managing key projects/initiatives.
Knowledge & Skills
-
Framework Expertise: Strong understanding of ERM and internal control frameworks (e.g., COSO) and Central Bank risk management guidelines.
-
Business Acumen & Analytics: Strategic planning capabilities, analytical depth, and the ability to translate complex data into actionable risk insights.
-
Communication & Interpersonal: Excellent executive reporting, writing, presentation, and decision-making skills.
-
Languages: Fluency in English is required.
-
Travel: Willingness and availability to travel across branch networks as needed.
How to Apply
Qualified candidates should submit their applications prior to the closing date on 28th October 2026, referencing Job ID: 148384
