Risk and Compliance Officer
World Vision · TZ
With 75 years of experience, our focus is on helping the most vulnerable children overcome poverty and experience fullness of life. We help children of all backgrounds, even in the most dangerous places, inspired by our Christian faith.
Come join our 31,000+ staff working in nearly 100 countries and share the joy of transforming vulnerable children’s life stories!
Employee Contract Type:
Local - Fixed Term Employee (Fixed Term)Job Description:
Key accountabilities (Duties and Responsibilities)
(40%) Ensure compliance of VFT and Regulatory policies at the business centers within the Region
- Work with Compliance Manager to implement Compliance Monitoring Plan in the respective region.
- Monitoring and reporting all cases relating to violation of all VFT MFB policies and procedures as well as legal and regulatory requirements
- Conduct training to VFT-MFB staff on bank policies and procedures, legal and regulatory i.e. AML
- Monthly reporting list of names of VFT staff who violates KYC requirement to Compliance Manager
- Advice the bank on the compliance status with the regional operational policies, local policies and procedures as well legal and regulatory requirements (BOT, FIU, TRA, COMPANY, LABOUR, etc.)
- Review and report operational non-compliance issues such as data input, reconciliation, abnormal approvals and withdrawals.
- Monitoring and reporting on implementation status of issues raised by internal audit, external audit, regulatory and Risk and compliance review exercises.
- Conduct Portfolio and Compliance review exercise to branches and or/Loan officers with PAR above acceptable levels.
- Maintain an updated register of political exposed persons in the bank’s database.
- Quarterly documentation and reporting of bank’s annual action plan
- Prepare monthly compliance review reports for their Business Centers
(40%) Manage risks at the business center level of the Region
- Analyze trends in branch reports falling in their respective regions to enable timely detection of anomalies in operations including frauds.
- Reporting confirmed and potential fraudulent activities that comes to their attention and monitor status of recovering of such frauds at their Business Centers.
- Assist Senor Risk Officer in the identification of risks, and updating of risk register, monitoring and reporting.
- Monitor and report risk incidences as they occur in their area of operation. Monitor and reporting emerging risks to Risk Manager .
- Perform loans vetting for loans with more than 120 days in arrears.
- Report a list of untraceable clients on weekly/monthly basis.
- Monitor Money Laundering issues in the Bank, recommend Anti-Money Laundering enforcement measures and reviews AML Policy Document and related procedures.
(10%)Physical security and Healthy representative
- Conduct testing of internal risk and compliance controls including security devices.
- Act as a focal person for healthy and physical security of the regional business center.
- Assess VFT offices to identify gaps related to Physical security and health matters.
- Assist compliance Manager to conduct awareness of physical security and safety matters.
(10%) Training and communication
- Conduct trainings on risks, physical security and safety, AML and all compliance matters that affects the bank to new and existing staff.
- Communicate compliance issues to BCM of specific Business Center.
Education
University degree in Law, Informational Communication Technology, Business Management, Banking or related disciplines with knowledge on compliance software/applications.
'Knowledge of ICT is added advantage'
Experience
The candidate should have the following experience;
- Experience with Banking/Financial Institution operation,
- Enterprise risk management.
- Understanding of impacts of money laundering to economy and on financial systems
- Strong analytical skills, paying careful and particular attention to detail, and also have an investigative mindset.
Special / Personal Abilities
- Highly developed sense of reliability and correctness Is an effective trainer.
- Very good communication skills.
- Possess Innovative and analytical skills.
- Very good planning skills.
- Good team player.
- High level of Integrity and Ethical.
- Must have above average skills in using Micro Soft office applications
- Must be a self-starter, highly motivated, organized, and detail-oriented
- Committed Christian
Ideal Job Specification:
- Work with Compliance Manager/Risk Manager to implement Compliance Monitoring Plan in the respective region.
- Analyze trends in branch reports falling in their respective regions to enable timely detection of anomalies in operations including frauds. This will also inform plans for specific engagements.
- Conduct Portfolio and Compliance review exercise to branches and or/Loan officers with PAR above acceptable levels
- Reporting all cases relating to violation of all VFT MFB policies and procedures as well as legal and regulatory requirements.
- Reporting confirmed and potential fraudulent activities that comes to their attention
- Conduct training to VFT-MFB staff on bank policies and procedures, legal and regulatory requirements, such consumer protection and anti-money laundering laws and regulations.
- Monthly Reporting list of names of VFT staff who violates KYC requirement to Compliance Manager.
- Assist Senor Risk Officer in the identification of risks, and updating of risk register, monitoring and reporting.
- Maintain an updated register of political exposed persons in the bank’s database./
- Advice the bank on the compliance status with the regional operational policies, local policies and procedures as well legal and regulatory requirements (BOT, FIU, TRA, COMPANY, LABOUR, etc.)
- Monitoring and reporting on implementation status of issues raised by internal audit, external audit, regulatory and Risk and compliance review exercises.
- Review and report operational non-compliance issues such as data input, reconciliation, abnormal approvals and withdrawals.
- Prepare monthly compliance review reports for their Business Centers 14. Conduct Ant- Money Laundering training to new staff.
- Perform loans vetting for loans with more than 120 days in arrears.
- Monitor Money Laundering issues in the Bank, recommend Anti-Money Laundering enforcement measures and reviews AML Policy Document and related procedures;
- Report a list of untraceable clients on weekly/monthly basis
- Monitor and report incidences as they occur in their area of operation. Conduct testing of internal risk and compliance controls including security devices
- Conduct trainings on risks that affects the bank and available controls to new and existing staff
- Monitor and reporting emerging risks to Risk Manager 22. Other duties assigned by Supervisor
DISCLAIMER;-
'VisionFund maintains a zero-tolerance policy for violence, abuse, or sexual exploitation against children and vulnerable adults by any staff or affiliates. To ensure client and community protection, we strictly prohibit hiring anyone with an unsuitable background, regardless of whether their role involves direct contact. Every team member must understand these safeguarding priorities and remain open to ongoing training.
Applicant Types Accepted:
Local Applicants Only