Chief Financial Officer at Coop Bank

Chief Financial Officer at Coop Bank

Chief Financial Officer

Coop Bank

Cooperative Bank Tanzania Plc (Coop Bank) officially commenced operations on October 1, 2024, following a nationwide cooperative movement aimed at capital mobilization and the strategic merger of Kilimanjaro Cooperative Bank and Tanzania Community Bank. The bank’s mandate is focused on transforming the financial landscape of Tanzania. Coop Bank is dedicated to enhancing financial inclusion by providing access to banking services for cooperatives, farmers, and unbanked populations. Additionally, the bank plans to leverage technology and innovation to improve service outreach and operational efficiency.International Job Listings

Coop Bank Tanzania was formally launched in April 2025 and operates with a strong commitment to commercial principles, while prioritizing the needs of its cooperative members and the broader community.

In line with its growth strategy, Coop Bank Tanzania invites applications from suitably qualified and experienced candidates to strengthen its senior management team by filling the following three executive positions and one managerial position:

Chief Financial Officer

Chief Financial Officer (CFO) will provide strategic and operational leadership in financial planning, management, treasury, operations, regulatory compliance, and risk management. This role is crucial for ensuring the bank’s financial stability and sustainability while adhering to the Bank of Tanzania regulations.

Reports to: CEO

Key areas of responsibilities include:

• Strategic Leadership: Develop and implement the bank’s financial strategy aligned with cooperative principles and sustainable business objectives.
• Financial Management: Oversee budgeting, forecasting, and financial analysis to support strategic decision-making and optimize profitability.
• Regulatory Compliance: Ensure compliance with BoT guidelines, tax laws, and IFRS standards, and liaise with regulatory bodies.
• Treasury Management: Manage treasury operations, cash flow, and liquidity levels while maintaining relationships with financial institutions.
• Risk Management: Collaborate with the Risk & Compliance Department to identify and mitigate financial risks and establish internal controls.
• Team Development: Lead and mentor finance and treasury teams, fostering a culture of accountability and continuous improvement.

Required minimum skills, attributes and competencies:

Skills: Advanced Financial modelling|Financial Reporting|IFRS knowledge|Accounting Proficiency|Risk Management|Budgeting|Forecasting|Digital Tools and Data Analytics

Attributes: Strategic Vision|Leadership and Mentorship|Executive Presence|Adaptability|Influence and Persuasion|Integrity and Ethical Judgment

Competencies: Long-term Business Strategy Development|Team Building and Collaboration|Change Management|Sustainability and ESG Integration|Financial Decision-Making|Credit and Asset Management

Required minimum qualifications:

• A holder of Bachelor’s degree in Finance, Accounting, Economics, Business Administration or related fields
• Master’s degree Finance, MBA, and professional verification (CPA (T), ACCA, CFA, or CIMA
• Working experience of not less than 10 years of professional experience in the banking/financial services, 5 of which must be in Senior Executive level
• Proven experience in strategy development, product development/innovation and digital transformation
• Deep understanding of the Tanzanian banking landscape especially in cooperative or microfinance.

How to Apply:

Coop Bank is an equal opportunity employer and promotes gender equality.

Send your application pack in pdf format comprising documents in (a)-(e) addressed to the Managing Director, Coop Bank Tanzania only through Ernst & Young email address [email protected] i.e

• An application letter not exceeding 3 pages showing how you meet the position requirements
• Copies of your university degrees and its transcript (For Foreign Universities degree attach TCU letter of recognition of your degree).
• Copy of your identification card e.g. drivers license, NIDA
• Contact address including telephone number(s) and email address(s) and
• Names and full addresses/contacts of three (3) professional related referees

Deadline for receiving applications is 17:00 hours Wednesday December 31st 2025

• Only shortlisted candidates will be contacted.