Financial Crime World

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Corporate Compliance Officer Roles in Tanzania, United Republic of

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Job Vacancy at UBA Tanzania Ltd

The United Bank of Africa (UBA) Tanzania Ltd has announced a job vacancy for a Compliance Officer, a critical role that will ensure the bank’s adherence to regulatory requirements and compliance with applicable laws, rules, and standards.

Key Responsibilities of the Compliance Officer

Overview of the Role

  • Advise the Head of Compliance on relevant regulations and provide guidance on implementing policies and procedures to mitigate compliance risks.
  • Coordinate with external bodies and regulators, exercise legal responsibilities related to anti-money laundering (AML) and counter-terrorism financing (CTF), and supervise compliance checks within the bank.

Key Responsibilities

  • Identifying and evaluating compliance risks within the country
  • Organizing, coordinating, and structuring compliance-related controls
  • Controlling and monitoring measures to mitigate compliance risks
  • Developing a framework for updating the bank on its compliance level with regulatory laws in Tanzania
  • Providing quality training and sensitization of all staff on relevant compliance issues

Additional Responsibilities

  • Liaising with local AML enforcement agencies
  • Building a strong Know-Your-Customer (KYC) environment
  • Ensuring zero money laundering infractions
  • Identifying and assessing compliance risks associated with the bank’s current and proposed business activities

Requirements for the Role

Qualifications

  • Deep understanding of major statutory requirements affecting Tanzania’s banking sector, including BOT Prudential guidelines, country-specific rules and regulations, and excellent knowledge of internal policies and procedures.
  • In-depth knowledge of banking industry developments, Basel II standards, AML & KYC trends.
  • Good communication and writing skills, as well as good IT skills.

How to Apply

To apply for this role, candidates must submit their CV, cover letter, and all academic certificates to recruitment.tanzania@ubagroup.com with the email subject: Application for COMPLIANCE OFFICER; 2024. The closing date for applications is April 14th, 2024.

This job opening presents an opportunity for professionals interested in corporate compliance roles within the financial sector in Tanzania to contribute their expertise and skills towards ensuring regulatory compliance and maintaining a strong reputation for the bank.