Senior Officer – Risk and Compliance
2025-04-16T11:44:17+00:00
PASS Trust
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https://www.www.pass.or.tz
FULL_TIME
Dar es salaam
Dar es Salaam
00000
Tanzania
Banking
Commercial Banks
2025-04-27T17:00:00+00:00
Tanzania
8
Main Purpose of the Job (Job Summary)
Senior Officer -Risk and Compliance is responsible for carrying out tasks related to trust and its subsidiaries risk management and ensure compliance with policies and procedures. Conduct periodical reviews to assess compliance with the Trust and its subsidiary companies’ policies, procedures and tolerance limits by all departments and report the same to the supervisor. The person is also expected to work closely with all areas of the business, promoting a positive risk and compliance culture and to have effective risk management and compliances with policies, procedures, various regulations governing the operations of the Trust and Its subsidiaries
Main Responsibilities
- Facilitate and ensure that the PASS Trust and its subsidiaries’ risks are assessed, and risk management stategres are developed.
- Conduct risk assessment for all new products being developed and regularly assess the PASS Trust and its subsidiaries’ existing products (at least every 2 years)
- Ensure risk management documents (risk management framework, risk management manual, risk registers, business continuity plan and disaster recovery plan) are developed, updated and kept current all the time.
- Identify compliance issues that require follow-up or investigation and discuss emerging compliance issues with management and employees.
- Develop and implement improvements in communication, monitoring or enforcement of compliance standards.
- Advise management or business partners on implementation or operation of compliance programs.
- Monitor the performance of credit guarantee portfolios from partner banks, Leasing products and other financial institutions.
- Recommend remedial/appropriate actions to be undertaken for deteriorating credit guarantee portfolio identified with early warning signal during monitoring the credit review process.
- Participate in credit guarantee policies review, procedures and updating credit guarantee manual preparation relating to credit guarantee function.
- Provide employee training on risk and compliance related topics, policies and procedures.
- Raise violations of compliance or regulatory standards to the manager of internal audit.
- Collaborate with human resources unit to ensure the implementation of consistent disciplinary action strategies in cases of violation of compliance requirements.
- Any other related duties assigned by Supervisor from time to time
Academic Qualifications
- Holder of a bachelor’s 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 Professional qualifications in risk and compliance management e.g. certification in Risk Management (Certified Enterprise Risk Manager (CERM), CIA, CISA, CPA• T, ACCA) is desirable.
Experience & Skills
- Minimum Four (4) years’ demonstrated experience in risk and compliance management in the financial services industry.
- Demonstrated knowledge of banking and SME operations or agricultural finance is an added advantage.
- Strong understanding of principles of risk and compliance management, risk assessment techniques and regulatory requirements.
- Strong understanding of credit sanctions, their associated risks and ability to suggest measures to counter party associated risks.
- Demonstrated knowledge of risk management, credit analysis techniques and credit underwriting with specialty in agriculture financing.
- Excellent written and verbal communication skills
- Strong analytical and critical thinking skills
- Strong organizational and planning skills
- Detail-oriented and thorough in conducting risk and compliance checks, ensuring accuracy and completeness of findings.
- Proficiency in Microsoft office applications specifically high knowledge in the use of excel in data analytics.
- Ability to be discreet and apply confidentiality.
- High ethical standards, integrity and a commitment to upholding professional standards of conduct.
- Proactive, flexible and adaptable, with the capacity to thrive in a dynamic and fast paced environment.
Facilitate and ensure that the PASS Trust and its subsidiaries’ risks are assessed, and risk management stategres are developed. Conduct risk assessment for all new products being developed and regularly assess the PASS Trust and its subsidiaries’ existing products (at least every 2 years) Ensure risk management documents (risk management framework, risk management manual, risk registers, business continuity plan and disaster recovery plan) are developed, updated and kept current all the time. Identify compliance issues that require follow-up or investigation and discuss emerging compliance issues with management and employees. Develop and implement improvements in communication, monitoring or enforcement of compliance standards. Advise management or business partners on implementation or operation of compliance programs. Monitor the performance of credit guarantee portfolios from partner banks, Leasing products and other financial institutions. Recommend remedial/appropriate actions to be undertaken for deteriorating credit guarantee portfolio identified with early warning signal during monitoring the credit review process. Participate in credit guarantee policies review, procedures and updating credit guarantee manual preparation relating to credit guarantee function. Provide employee training on risk and compliance related topics, policies and procedures. Raise violations of compliance or regulatory standards to the manager of internal audit. Collaborate with human resources unit to ensure the implementation of consistent disciplinary action strategies in cases of violation of compliance requirements. Any other related duties assigned by Supervisor from time to time
Holder of a bachelor’s 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 Professional qualifications in risk and compliance management e.g. certification in Risk Management (Certified Enterprise Risk Manager (CERM), CIA, CISA, CPA• T, ACCA) is desirable.
JOB-67ff9811a4d65
Vacancy title:
Senior Officer – Risk and Compliance
[Type: FULL_TIME, Industry: Banking, Category: Commercial Banks]
Jobs at:
PASS Trust
Deadline of this Job:
Sunday, April 27 2025
Duty Station:
Dar es salaam | Dar es Salaam | Tanzania
Summary
Date Posted: Wednesday, April 16 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Main Purpose of the Job (Job Summary)
Senior Officer -Risk and Compliance is responsible for carrying out tasks related to trust and its subsidiaries risk management and ensure compliance with policies and procedures. Conduct periodical reviews to assess compliance with the Trust and its subsidiary companies’ policies, procedures and tolerance limits by all departments and report the same to the supervisor. The person is also expected to work closely with all areas of the business, promoting a positive risk and compliance culture and to have effective risk management and compliances with policies, procedures, various regulations governing the operations of the Trust and Its subsidiaries
Main Responsibilities
- Facilitate and ensure that the PASS Trust and its subsidiaries’ risks are assessed, and risk management strategies are developed.
- Conduct risk assessment for all new products being developed and regularly assess the PASS Trust and its subsidiaries’ existing products (at least every 2 years)
- Ensure risk management documents (risk management framework, risk management manual, risk registers, business continuity plan and disaster recovery plan) are developed, updated and kept current all the time.
- Identify compliance issues that require follow-up or investigation and discuss emerging compliance issues with management and employees.
- Develop and implement improvements in communication, monitoring or enforcement of compliance standards.
- Advise management or business partners on implementation or operation of compliance programs.
- Monitor the performance of credit guarantee portfolios from partner banks, Leasing products and other financial institutions.
- Recommend remedial/appropriate actions to be undertaken for deteriorating credit guarantee portfolio identified with early warning signal during monitoring the credit review process.
- Participate in credit guarantee policies review, procedures and updating credit guarantee manual preparation relating to credit guarantee function.
- Provide employee training on risk and compliance related topics, policies and procedures.
- Raise violations of compliance or regulatory standards to the manager of internal audit.
- Collaborate with human resources unit to ensure the implementation of consistent disciplinary action strategies in cases of violation of compliance requirements.
- Any other related duties assigned by Supervisor from time to time
Academic Qualifications
- Holder of a bachelor’s 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 Professional qualifications in risk and compliance management e.g. certification in Risk Management (Certified Enterprise Risk Manager (CERM), CIA, CISA, CPA• T, ACCA) is desirable.
Experience & Skills
- Minimum Four (4) years’ demonstrated experience in risk and compliance management in the financial services industry.
- Demonstrated knowledge of banking and SME operations or agricultural finance is an added advantage.
- Strong understanding of principles of risk and compliance management, risk assessment techniques and regulatory requirements.
- Strong understanding of credit sanctions, their associated risks and ability to suggest measures to counter party associated risks.
- Demonstrated knowledge of risk management, credit analysis techniques and credit underwriting with specialty in agriculture financing.
- Excellent written and verbal communication skills
- Strong analytical and critical thinking skills
- Strong organizational and planning skills
- Detail-oriented and thorough in conducting risk and compliance checks, ensuring accuracy and completeness of findings.
- Proficiency in Microsoft office applications specifically high knowledge in the use of excel in data analytics.
- Ability to be discreet and apply confidentiality.
- High ethical standards, integrity and a commitment to upholding professional standards of conduct.
- Proactive, flexible and adaptable, with the capacity to thrive in a dynamic and fast paced environment.
Work Hours: 8
Experience in Months: 48
Level of Education: bachelor degree
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