Job Opportunity: Manager Compliance I at Tanzania Commercial Bank
\nOverview
\nTanzania 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.
\nJob Details<\/p>\n
Position: Manager Compliance I
\nRank: Senior Compliance Officer I
\nDepartment: Risk Management and Compliance
\nSection: Compliance
\nSalary Scale: COBS 7 (Officer Level I)
\nReports to: Senior Manager Compliance I (PCO)
\nLocation: Dar es Salaam
\nApplication Deadline: August 17, 2025<\/p>\n
Position Objective
\nThe 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.
\nKey Responsibilities<\/p>\n
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.
\nImplement controls to meet regulatory and internal requirements and promote a strong compliance culture across directorates, departments, and branches.
\nCollaborate with departments and branches on compliance matters to balance business growth with compliance and control mechanisms.
\nEnsure proper functioning of day-to-day controls, periodic monitoring, and timely identification and reporting of significant compliance breaches to prevent losses, penalties, or sanctions.
\nDocument 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.
\nProvide assurance on policy implementation and quality of controls as part of the second line of defense.
\nAct as a reference point within the bank to facilitate and promote understanding of compliance requirements and issues.
\nEnsure effective policy implementation, proper communication of new regulations, and quality assurance in control measures and monitoring plans.
\nAdhere to the compliance management framework for identifying, controlling, monitoring, and reporting compliance matters.
\nEnsure 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.
\nEnsure departments and branches comply with key regulations and internal standards to avoid penalties, sanctions, and fines.
\nAssess and mitigate compliance risks associated with new and changed products, services, and business strategies.
\nEnsure internal controls and procedures for money laundering, KYC, and fraud prevention are functioning as intended, with vigorous follow-ups on deviations.
\nIdentify gaps and conduct staff training on compliance matters for all TCB staff.
\nReview the quality of controls, including validation of Key Risk Indicators (KRIs), as part of the second line of defense.
\nManage the Risk Register, encompassing the Compliance Dashboard of the Bank.
\nEnsure compliance with regulations related to money laundering, counterfeiting, financing of terrorism, and the bank\u2019s Code of Conduct.
\nIssue alerts for unusual or suspicious customer activity and report promptly to the Money Laundering Reporting Officer (MLRO) and Financial Intelligence Unit (FIU).
\nParticipate in the bank\u2019s new product development (PDP) to ensure compliance with all governing laws, regulations, guidelines, and policies.
\nEnsure regulatory requirements for publications, displays, and security tools are implemented across the branch network and the entire bank.
\nMonitor compliance with internal policies, procedures, guidelines, and regulatory requirements through regular and comprehensive compliance risk assessments and testing.
\nTrack compliance issues from metrics, assurance activities, audit reviews, and regulatory inspections, validating issues where necessary.
\nSubmit weekly GOAML transaction reports to the FIU via the GOAML portal system.
\nReport Suspicious Transaction Reports (STRs) to the FIU via the GOAML portal and MLRO.
\nMonitor transactions and perform other compliance-related duties as assigned by the Chief Manager Compliance.<\/p>\n
Qualifications, Skills, and Experience<\/p>\n
Bachelor\u2019s 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.
\nMinimum of 10 years\u2019 working experience.
\nComputer literacy with excellent command of Excel and Word processing.
\nCertifications in Compliance Management are an added advantage.
\nSound knowledge of banking acts, regulations, circulars, and best practices.
\nKnowledge of other relevant acts, laws, regulations, and circulars contributing to effective compliance management.
\nStrong communication and technical skills in compliance matters.
\nAbility to prioritize tasks and stay organized.
\nCapability to work independently with minimal supervision.
\nAdherence to regulations and company policies.
\nTeam player with good interpersonal skills.<\/p>\n
Personal Attributes and Behavioral Competencies<\/p>\n
Demonstrates Tanzania Commercial Bank core values: Customer Focus, Trustworthy, Creativity, Teamwork, and Excellence.
\nAbility to prioritize work and meet deadlines.
\nCapable of working quickly, accurately, and consistently under pressure.
\nMethodical and well-organized approach to work.
\nMature and able to work in a confidential environment.<\/p>\n
Application Process<\/p>\n
Submit applications via the following link:\u00a0https:\/\/www.tcbbank.co.tz\/careers. Applications via other methods will not be considered.
\nApplicants 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.
\nShortlisted candidates may be subjected to security clearance, competency assessment, and physical capability assessment.
\nTanzania Commercial Bank is committed to environmental, health, and safety management.
\nLate applications will not be considered.<\/p>\n
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