Director, Risk & Compliance
Background
DCB Commercial Bank PLC is a fully-fledged retail and commercial bank in Tanzania. The bank offers banking services to Individuals, Microfinance, Small to Medium sized Businesses (MSME), as well as large corporate clients. DCB Bank has a wide branch network of over 9 branches, over 700 DCB Wakala Agents, and over 280 Umoja switch ATMs serving over 3 million customers across the country.
We are currently seeking qualified candidate to fill the role of Director, Risk & Compliance. The successful candidate will be responsible for ensuring that the bank is in compliance with the Banks and Financial Institutions Regulations; Bank and Financial Institutions Act and minimizing operational and financial risks.
Responsibilities:
- Developing, reviewing and overseeing implementation of the bank’s risk management framework including but not limited to policies, procedures, guidelines and manuals
- Monitoring market, economic and financial trends and advising management on how to minimize impact and/or risk exposure
- Designing a mechanism to identify, receive alerts, monitor risks and develop mitigation plans aligned with the bank’s risk strategy
- Enhancing internal controls based on changes in the strategy, organisation structure, risk mapping, operational procedures, regulations and guidelines
- Reviewing risk management reports to ensure that limit excesses, exception and non-compliances are promptly addressed
- Coordinating development and review of policies and manuals periodically to ensure they adequately are compliant with prevailing regulations and address the bank’s exposure to the risks
- Periodically reviewing and report on the bank’s level of compliance at department/staff level and reporting the same to the Managing Director
- Enforcing and monitoring compliance with internal and external operating procedures, processes, guidelines and manuals
- Overseeing investigating of fraud/misconduct, recommending appropriate actions, and overseeing execution of remedial actions
- Analysing risks associated with new products, processes and systems to determine the bank’s ability to manage those risks before rollout and provide guidance how to minimize exposure
- Convening monthly management meetings and produce period reports to the board on quarterly basis
- Serving as the Report Officer to the Financial Intelligence Unit
- Delivering risk awareness and protection education to staff and customers
Qualifications and Experience
- Bachelors’ degree from a recognized institution
5 years’ of senior managerial experience in risk management and compliance in a financial institution - In-depth knowledge of banking industry, related policies, procedures and regulatory requirements
- Strong presentation and reporting
- Proven experience in effectively engaging varied types of stakeholders
How to Apply :
- If you believe you are the right candidate for this position, kindly submit your application with a detailed CV, photocopies of academic certificate, and names of three referees with their contacts, quoting reference number DCB/RC/DRC-02/2025 on the subject of the email.
To be considered, your application MUST be submitted through [email protected] not later than 14th March 2025.
Hard copy applications will not be accepted.
