Risk and Compliance Officer at Selcom Microfinance Bank Tanzania

Company: Selcom Microfinance Bank Tanzania

Selcom Microfinance Bank Tanzania is looking for a confident and self-motivated professional to join its dynamic Risk and Compliance team as a Risk and Compliance Officer. This role offers an excellent opportunity for ambitious individuals seeking career growth within the Bank through the Risk and Compliance Department.

What We Offer

• A rewarding career journey with room for growth.
• Comprehensive training and mentorship programs.
• A competitive remuneration package.
• Opportunities to develop skills and advance within the organization.

Duties & Responsibilities

• Participate in the identification, assessment, and analysis of all risk types across the bank by taking part in quarterly and annual risk assessment discussions with each department.
• Assist the Senior Risk and Compliance Officer in managing identified risks, focusing on key risk indicators, business unit risk profiles, and risk reporting.
• Implement the Risk and Compliance Unit plan based on business objectives and high-risk areas to review and provide assurance on the effectiveness of internal controls.
• Assist Senior Risk and Compliance Officers in evaluating risks and related operations to determine areas of highest exposure and maximize review coverage.
• Perform quality reviews of tasks assigned by the supervisor.
• Conduct monitoring reviews of key risk areas, including AML, KYC, account opening, dormant account reactivations, agent banking, and mobile banking, and communicate outcomes to the Senior Risk and Compliance Officer.
• Demonstrate a strong understanding of review areas and address key weaknesses identified during reviews.
• Carry out review assignments independently with minimal supervision in accordance with Risk and Compliance procedures.
• Perform fieldwork assignments and ensure high-quality reporting.
• Ensure assignments are completed within allocated timelines.
• Facilitate information exchange among team members and keep the team informed of relevant strategic developments within the bank.
• Ensure liquidity forecasts are updated and circulated to ALCO team members.
• Conduct counterparty risk assessments before onboarding new counterparties and continuously monitor their performance.
• Follow up on the closure of issues raised in audit reports, internal risk reports, and other bank reports.
• Ensure compliance with bank policies, procedures, signed investigation agreements, and independence statements.
• Participate in investigations involving allegations of fraud, waste, embezzlement, and abuse, determine the bank’s exposure, and support recovery efforts.
• Assist team leaders in documenting investigative processes.
• Support the early detection of fraud through hotline reports, tip-offs, and proactive monitoring.

Requirements and Baseline Skills

• Minimum of 2 years’ experience in banking functions such as credit, risk, forensics, banking services, audit, or related fields.
• Honest individual with high integrity and independence who observes professional ethics in performing duties.
• Bachelor’s degree in Accounting, Business Administration, Finance, Risk Management, or a related field.
• Professional qualifications in Risk Management, Compliance, CPA, or CFE will be an added advantage.
• Ability to prioritize tasks according to the bank’s operational and strategic objectives.
• Ability and willingness to learn and continuously improve.
• Willingness to travel to customer sites and bank branches across Tanzania.
• Strong understanding of audit and risk management methodologies, as well as regulatory requirements related to information security, privacy, and data security.

Skills, Knowledge, and Abilities

• Ability to manage multiple complex priorities and competing agendas without direct authority over delivery teams.
• Ability to interpret and apply policies and regulations across a large and complex organization.
• Strong analytical and investigative skills with a methodical, critical-thinking approach.
• Data-driven decision-making ability.
• High level of interpersonal skills and ability to interact with leaders at different organizational levels.
• Strong logical thinking and problem-solving capabilities.

Application Process

All motivated and interested candidates are invited to submit:

• Application letter.
• Updated CV.
• Updated certificates and professional certifications (if any).
• A motivation letter including a summary of achievements in the current position.

Applications should be sent to [email protected] no later than 25 June 2026.