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Saturday, February 11, 2023


Terms: Permanent
Reports to: Head Internal Audit & Risk
Duty Station: KCBL Head Office, Moshi, Kilimanjaro


To develop and maintain risk and compliance function and to ensure the risk and compliance culture in the bank.


  • To identify and manage risks while ensuring that the KCBL Business is compliant as per the required regulations of the industry.
  • The role will ensure that KCBL has internal controls that adequately measure and manage the risks it’s likely to face.
  • Diagnose and propose enhanced policies and procedures to ensure compliance by all staff while focusing on the financial and core operational system requirements.


Enterprise Risk management roles

  • Contributing to the development of the KCBL strategies on potential improvements for risk management.
  • Ensuring that the company has an adequate and effective process for identification, measurement, mitigation and control of all types of risks including but not limited to operational risk, compliance risk, strategic risk, and reputational risk.
  • Identify current and emerging risk, developing risk assessment and measurement system for all types’ risks affecting the operations of the Bank.
  • Ensuring that proactive processes, effective communication, and training programs are in place for business/ risk owners to actively manage and control all significant risks inherent to their business areas.
  • Conducting analysis of Risk exposure inherent in existing and new products, systems, and /or process to determine the KCBL’s ability to manage before venturing into them and provide guidance on how to minimize their risk exposure.
  • Liaise with Heads (risk owners) to develop risk management policies , standards and procedures and present to the line manager for review, approval and escalations to required committee
  • Develop/ review and monitoring of risk monitoring tools i.e., key risk indicators, Risk register (PRCIA), operational incidents/ events management.
  • Makes recommendations for the best way for a KCBL to avoid fraud and improve control environment.
  • Tracking and analyzing the risk exposure and impact of the KCBL operations trends in the market and advice management on how to minimize such risk exposures.
  • Prepare and present Risk management report to the management
  • Undertake any other assignments as assigned by Head of Internal Audit & Risk

Compliance roles

  • Develop a regulatory obligation matrix which specifies all regulatory requirements and obligations from each respective regulator.
  • Monitoring of compliance with, laws, rules, regulations, prescribed practices, internal policies and procedures, or ethical standards. It shall also check Implementation of recommendation arising from reviews, audits, TIRA,
  • BOT and other internal and external reports to address the identified breaches.
  • Prepare and manage on regular basis appropriate timely management information reports on compliance and regulatory issues.
  • Conduct regular testing across business functions to ensure compliance to all policies and procedure requirements.
  • Designing and developing reports which will assist Management in assessing and monitoring the Company’s level of exposure to risks including compliance with policies, procedures, limits and setting up strategies to mitigate them.
  • Investigation and reporting of suspicious and unusual transaction to FIU.
  • Reporting of transaction with threshold breaches to FIU
  • Performing and attending to the correspondent banking relationship AML questionnaires and requested information.
  • Conducting and facilitating ant money laundering training and awareness program.
    Assist conducting enhanced Due Diligence review on PEP’s, High risks, and sanctions customers.
  • Attending for requests from financial intelligence unit in terms of time ant-money laundering act by checking the database for the information requested
  • Compile AML statistics and any other reports as required to ensure learn efficiencies are met according to the required standards.


  • Self- driven, values innovative, independent adaptive, and results oriented person.
  • Ability to analyze situations, strategize, select the best course of action and deliver desired outcomes.
  • Ability to prioritize and meet critical deadlines and to cope under pressure.
  • Problem-solving and ability to learn and think outside the box.
  • Ability to engage and handling relationships with risk owners
  • Ability to work independently and as a team


  • Bachelor’s degree in Accounting, Finance, Banking, commerce, or related business subjects, from any recognized University or its equivalent qualifications
  • Risk and/or Compliance Certification (Preferably ERM); will be an added advantage
  • Other certification such as Information System Audit (CISA), Certified Internal Auditor (CIA), or Certified
  • Public Accountant (CPA/ ACCA) will be an added advantage
  • Minimum 2 years’ experience in risk and compliance activities in a regulated Bank or financial institution
  • Good knowledge of banking industry laws and regulations in Tanzania and best banking practices.
  • In-depth knowledge of Control Assurance processes.
  • Analytical skills with strong conceptual and problem-solving skills.
  • The high degree of professional competence, administrative capabilities and initiative in the general organization and management of the Risk and Compliance.
  • Excellent report writing and communication skills.


Interested candidates who meet the above criteria should submit an Application Letter accompanied with a detailed up to date CV with two work related referees addressed to the below email with a clear subject of the position applied for not later than 13th February 2023. Hard copies will not be accepted.

Email: [email protected]