Manager Compliance I at TCB Bank
Job Overview
Manager Compliance I at TCB Bank
Manager Compliance I
TCB Bank
Overview
Tanzania Commercial Bank is dedicated to providing competitive financial services and creating value for stakeholders through innovative products, with a vision to be the leading bank in Tanzania for affordable, accessible, and convenient financial services. The bank is committed to organizational development and effective human capital management by attracting, retaining, and developing a highly capable and qualified workforce to advance its goals and contribute to the nation.
Position: Manager Compliance I
Rank: Senior Compliance Officer I
Department: Risk Management and Compliance
Section: Compliance
Salary Scale: COBS 7 (Officer Level I)
Reports to: Senior Manager Compliance I (PCO)
Location: Dar es Salaam
Application Deadline: August 17, 2025
Position Objective
The Manager Compliance I is part of the compliance division within the Risk Management and Compliance Directorate. The role involves tracking all compliance areas, preparing required reports to keep management informed through meetings and reports, reviewing compliance charters, policies, guidelines, and manuals to guide risk owners, and contributing to the establishment of the overall TCB Risk Register.
Key Responsibilities
Assist the Principal Compliance Officer and Chief Manager Compliance in overseeing day-to-day compliance management across the bank, driving and directing compliance on an end-to-end basis.
Implement controls to meet regulatory and internal requirements and promote a strong compliance culture across directorates, departments, and branches.
Collaborate with departments and branches on compliance matters to balance business growth with compliance and control mechanisms.
Ensure proper functioning of day-to-day controls, periodic monitoring, and timely identification and reporting of significant compliance breaches to prevent losses, penalties, or sanctions.
Document and implement controls to ensure compliance with Bank of Tanzania regulations and internal standards as per the approved TCB Strategic Plan, budget, policies, manuals, and circulars.
Provide assurance on policy implementation and quality of controls as part of the second line of defense.
Act as a reference point within the bank to facilitate and promote understanding of compliance requirements and issues.
Ensure effective policy implementation, proper communication of new regulations, and quality assurance in control measures and monitoring plans.
Adhere to the compliance management framework for identifying, controlling, monitoring, and reporting compliance matters.
Ensure sufficient actions are taken to mitigate, reduce, or contain identified compliance deviations and coordinate periodic monitoring (self-assessment) activities, escalating issues to the Director of Risk Management & Compliance when necessary.
Ensure departments and branches comply with key regulations and internal standards to avoid penalties, sanctions, and fines.
Assess and mitigate compliance risks associated with new and changed products, services, and business strategies.
Ensure internal controls and procedures for money laundering, KYC, and fraud prevention are functioning as intended, with vigorous follow-ups on deviations.
Identify gaps and conduct staff training on compliance matters for all TCB staff.
Review the quality of controls, including validation of Key Risk Indicators (KRIs), as part of the second line of defense.
Manage the Risk Register, encompassing the Compliance Dashboard of the Bank.
Ensure compliance with regulations related to money laundering, counterfeiting, financing of terrorism, and the bank’s Code of Conduct.
Issue alerts for unusual or suspicious customer activity and report promptly to the Money Laundering Reporting Officer (MLRO) and Financial Intelligence Unit (FIU).
Participate in the bank’s new product development (PDP) to ensure compliance with all governing laws, regulations, guidelines, and policies.
Ensure regulatory requirements for publications, displays, and security tools are implemented across the branch network and the entire bank.
Monitor compliance with internal policies, procedures, guidelines, and regulatory requirements through regular and comprehensive compliance risk assessments and testing.
Track compliance issues from metrics, assurance activities, audit reviews, and regulatory inspections, validating issues where necessary.
Submit weekly GOAML transaction reports to the FIU via the GOAML portal system.
Report Suspicious Transaction Reports (STRs) to the FIU via the GOAML portal and MLRO.
Monitor transactions and perform other compliance-related duties as assigned by the Chief Manager Compliance.
Qualifications, Skills, and Experience
Bachelor’s degree in Banking and Finance, Banking, Accounting, Insurance, Risk Management, Economics, Agricultural Economics, Marketing, Commerce/Business Administration (majoring in Marketing, Entrepreneurship, Accountancy, or Finance), or equivalent qualifications from a recognized institution.
Minimum of 10 years’ working experience.
Computer literacy with excellent command of Excel and Word processing.
Certifications in Compliance Management are an added advantage.
Sound knowledge of banking acts, regulations, circulars, and best practices.
Knowledge of other relevant acts, laws, regulations, and circulars contributing to effective compliance management.
Strong communication and technical skills in compliance matters.
Ability to prioritize tasks and stay organized.
Capability to work independently with minimal supervision.
Adherence to regulations and company policies.
Team player with good interpersonal skills.
Personal Attributes and Behavioral Competencies
Demonstrates Tanzania Commercial Bank core values: Customer Focus, Trustworthy, Creativity, Teamwork, and Excellence.
Ability to prioritize work and meet deadlines.
Capable of working quickly, accurately, and consistently under pressure.
Methodical and well-organized approach to work.
Mature and able to work in a confidential environment.
Application Process
Submit applications via the following link: https://www.tcbbank.co.tz/careers. Applications via other methods will not be considered.
Applicants must provide personal information, academic certificates, work experiences, and an application letter. Other credentials will be submitted during the interview for authentication and administrative purposes.
Shortlisted candidates may be subjected to security clearance, competency assessment, and physical capability assessment.
Tanzania Commercial Bank is committed to environmental, health, and safety management.
Late applications will not be considered.
How to Apply:
