Financial Crime World

Finca Tanzania Recruits Compliance Officer to Enforce Regulatory Compliance in the Banking Industry

Dar es Salaam, Tanzania - November 2, 2020

Finca Tanzania, a leading financial institution in the United Republic of Tanzania, is seeking a highly skilled Regulatory Compliance Officer to ensure the organization’s compliance with regulatory requirements and industry standards.

Job Description

The successful candidate will be responsible for ensuring that FINCA Tanzania’s policies and procedures on lending, deposits, accounting, investments, reporting, auditing, governance, and other areas are aligned with current laws, regulations, and guidelines governing regulated financial institutions in Tanzania. The role requires a deep understanding of the regulatory environment and the ability to interpret and apply relevant laws and regulations.

Key Responsibilities

  • Ensure compliance with Bank of Tanzania Regulations, including monitoring and reporting on suspicious transactions and providing regular updates to senior management.
  • Administer matters relating to Anti-Money Laundering (AML) regulations and Terrorist Financing activities, including training staff on internal and external efforts towards AML & CFT.
  • Evaluate and oversee FINCA’s compliance level with various regulatory requirements, including:
    • Taxations
    • Business Licensing
    • Money Transfers
    • Mortgages
    • Auditing
    • Social Securities
    • Staff Security
    • Safety at Workplaces
  • Coordinate with the Legal Counsel to ensure timely implementation of new laws and regulations that affect the bank’s business operations.

Requirements

  • Bachelor’s degree in Law, Economics, Finance, Accounting or Business-related studies; certification in Compliance or Risk Management is an added advantage.
  • At least 2 years’ experience working with either microfinance or banking institutions.
  • Strong knowledge of principles and practices of microfinance, banking, and other deposit-taking and lending institutions.

How to Apply

The successful candidate will be a key member of the legal department, reporting directly to the Senior Manager, Legal. If you are a motivated and results-driven professional looking for a challenging opportunity in the financial sector, please apply now.