Summary
Date Posted: Tuesday, June 25 2024, Base Salary: Not Disclosed

JOB DETAILS:
Are you ready to take a transformational journey in the banking sector and passionate about spearheading Risk Management and Compliance? Tanzanian Commercial Bank (TCB) is hiring for a dynamic, experienced and resourceful Director of Risk Management and Compliance (DRMC) to head the Risk Management and Compliance department and drive its strategy.

Reporting to the Chief Executive Officer, the DMRC will be responsible for leading the risk management and compliance functions, ensuring that TCB operates within established risk norms and regulatory frameworks while maintaining a culture of integrity and ethical conduct. This role requires strong leadership, analytical skills, and regulatory expertise, as well as a deep understanding of risk management and compliance principles in the banking industry.

Working with a vibrant team of risk management and compliance professionals, the DMRC will be at the forefront in safeguarding TCB’s reputation, ensuring regulatory compliance, and navigating the complexities of risks in the banking industry.

Key Duties and Responsibilities
• Develop, implement and review risk management programs which encompasses compliance policies, guidelines and manuals;
• Identify potential risk, design, monitoring and control mechanisms and develop contingency plans for risk-return-trade off;
• Allocate resources in managing various risks inherent to the bank business so as to provide maximum protection to all unforeseeable events that may affect returns and therefore affect capital position;
• Enhance specific controls considering organizational changes, risk mapping, and regulations.
• Enforce and monitor compliance with internal and external operating procedures, processes, guidelines and manuals;
• Review risk management reports to ensure that limit excesses, exception and non-compliances are promptly addressed;
• Manage and review the adequacy of risk analysis process, risk ratings and stress testing as part of Credit Risk process;
• Facilitate continuous improvement of the bank’s ICT systems and reports;
• Review products/services/project programmes and ensure all risk requirements are met before rollout of the products or services;
• Convene monthly management meetings for PQR and RMC and produce reports to BCC and ARC on quarterly basis; and
• Serve as the Money Laundering reporting officer and report transactions to the Financial Intelligence Unit.
• Act as a contact person between the bank and the regulators
• Carry out any other related duties as assigned by the Supervisor.

Minimum requirements:
• Holder of a Bachelor Degree in one of the following fields; Business Administration, Finance, Accounting, Banking, Economics, Commerce or Business Administration, Actuarial Science, Actuarial Management, Risk Management, Statistics or equivalent qualifications from recognized institutions with;
• At least 7 years’ working experience in the banking industry or financial institution of which two (2) years should be in a managerial position
• Possession of a Masters Degree in one of the fields mentioned above is an added advantage
• Strong leadership skills coupled with the composure required to thrive under pressure;
• Always willing to learn and grow as a leader and a professional;
• Strong motivational skills to drive the team for self-motivation in challenging times;
• Excellent oral and written communication skills to create a message and lay out strategies that team can easily understand;
• A healthy level of diplomacy and discretion while dealing with customers and stakeholders at all levels;
• Decisive, resilient and resourceful;
• Strong influencing skills;
• Performance oriented with high level of interpersonal skills

Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure
Interested candidates are advised to apply for the stated position and send their email to tz_executiverecruitment@pwc.com indicating on the subject of the email the reference number of the job and the name of the position on or before 3 July 2024.

The applicants should attach their Motivational letter, CV which should contain the applicant’s mobile number, email address, career background, and three referees. The applicants are also required to attach certified copies of their academic certificates.
• Any form of canvassing will lead to automatic disqualification.
• Only short-listed applicants will be contacted.

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