Director, Risk & Compliance
Company: DCB Commercial Bank PLC
Location: Tanzania
Application Deadline: 14th March 2025
Qualifications
- Bachelor's degree from a recognized institution
- 5 years of senior managerial experience in risk management and compliance in a financial institution
Competencies
- In-depth knowledge of banking industry, related policies, procedures and regulatory requirements
- Strong presentation and reporting skills
- Proven experience in effectively engaging varied types of stakeholders
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 are adequate and 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 investigation 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 providing guidance on how to minimize exposure
- Convening monthly management meetings and producing periodic reports to the board on a quarterly basis
- Serving as the Report Officer to the Financial Intelligence Unit
- Delivering risk awareness and protection education to staff and customers