Risk and Compliance in DCB Bank - JamiiCheck Tanzania Jobs

Full Time
Dar es Salaam
Posted 4 days ago

DCB Bank

Director, Risk & Compliance – DCB Commercial Bank

February 2025

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About DCB Commercial Bank

DCB Commercial Bank PLC is a well-established retail and commercial bank in Tanzania, dedicated to serving individuals, microfinance clients, small and medium-sized enterprises (MSMEs), and large corporate organizations. With a strong presence across the country, DCB operates through a network of over nine branches, 700+ DCB Wakala agents, and 280+ Umoja Switch ATMs, serving more than three million customers.

To strengthen our team, we are looking for a highly qualified and experienced professional to fill the role of Director, Risk & Compliance. The selected candidate will play a crucial role in ensuring the bank complies with all banking and financial regulations while effectively managing operational and financial risks.

Key Responsibilities

Develop, review, and oversee the implementation of the bank’s risk management framework, including policies, procedures, guidelines, and manuals.
Monitor market, economic, and financial trends, providing management with insights on minimizing risk exposure.
Design and implement a system for identifying, monitoring, and mitigating risks in alignment with the bank’s risk strategy.
Strengthen internal controls based on changes in strategy, organizational structure, risk mapping, operations, and regulatory requirements.
Review risk management reports to address limit excesses, exceptions, and non-compliance issues promptly.
Coordinate periodic policy and manual reviews to ensure regulatory compliance and effective risk management.
Regularly assess and report on the bank’s compliance at both departmental and staff levels, sharing findings with the Managing Director.
Enforce and monitor adherence to internal and external operational procedures, processes, and guidelines.
Oversee fraud and misconduct investigations, recommend corrective actions, and ensure implementation of remedial measures.
Evaluate risks associated with new products, processes, and systems before rollout, providing guidance on minimizing exposure.
Lead monthly management meetings and prepare quarterly risk and compliance reports for the Board.
Act as the Reporting Officer for the Financial Intelligence Unit (FIU).
Conduct risk awareness and compliance training for employees and customers.

Qualifications & Experience

Bachelor’s degree from a recognized institution.
Minimum of five years of senior managerial experience in risk management and compliance within a financial institution.
Strong understanding of the banking industry, including policies, procedures, and regulatory requirements.
Excellent presentation and reporting skills.
Proven ability to engage effectively with various stakeholders.