About TCB

Tanzania Commercial Bank (TCB) is one of the leading financial institutions in the country, providing first-class banking services and solutions to private individuals, enterprises, and the community at large. The bank has a team of highly qualified, experienced, and committed professionals who serve customers and contribute to the economic development and financial inclusion of the country. The Government of the United Republic of Tanzania is the majority shareholder, with minority stakes held by the Tanzania Posts Corporation, the Revolutionary Government of Zanzibar, Posta na Simu Savings and Credit Society, the Public Service Social Security Fund, and the Workers Compensation Fund. TCB has launched its new strategic plan for the years 2024-2028, with the primary focus of trying to transform its balance sheet to serve SMEs more. This will help to not only widen the customer base but also position TCB as the future leader in the industry and spearhead the country’s economic growth. TCB aims to incorporate technology into its five-year plans aimed at disrupting the market and leading to a better customer experi­ence.

If working in a dynamic environment such as this is something that is of interest to you, then the Tanzania Commercial Bank is the place to be.

Director of Risk Management and Compliance;

Are you ready to take a transformational journey in the banking sector and passionate about spearheading Risk Management and Compliance? Tanzanian Commercial Bank (TCB) is hiring for a dynamic, experienced and resourceful Director of Risk Management and Compliance (DRMC) to head the Risk Management and Compliance department and drive its strategy.

Reporting to the Chief Executive Officer, the DMRC will be responsible for leading the risk management and compliance functions, ensuring that TCB operates within established risk norms and regulatory frameworks while maintaining a culture of integrity and ethical conduct. This role requires strong leadership, analytical skills, and regulatory expertise, as well as a deep understanding of risk management and compliance principles in the banking industry.

Working with a vibrant team of risk management and compliance professionals, the DMRC will be at the forefront in safeguarding TCB’s reputation, ensuring regulatory compliance, and navigating the complexities of risks in the banking industry.

Key Duties and Responsibilities

• Develop, implement and review risk management programs which encompasses compliance policies, guidelines and manuals;
• Identify potential risk, design, monitoring and control mechanisms and develop contingency plans for risk-return-trade off;
• Allocate resources in managing various risks inherent to the bank business so as to provide maximum protection to all unforeseeable events that may affect returns and therefore affect capital position;
• Enhance specific controls considering organizational changes, risk mapping, and regulations.
• Enforce and monitor compliance with internal and external operating procedures, processes, guidelines and manuals;
• Review risk management reports to ensure that limit excesses, exception and non-compliances are promptly addressed;
• Manage and review the adequacy of risk analysis process, risk ratings and stress testing as part of Credit Risk process;
• Facilitate continuous improvement of the bank’s ICT systems and reports;
• Review products/services/project programmes and ensure all risk requirements are met before rollout of the products or services;
• Convene monthly management meetings for PQR and RMC and produce reports to BCC and ARC on quarterly basis; and
• Serve as the Money Laundering reporting officer and report transactions to the Financial Intelligence Unit.
• Act as a contact person between the bank and the regulators
• Carry out any other related duties as assigned by the Supervisor.

Minimum requirements:

• Holder of a Bachelor Degree in one of the following fields; Business Administration, Finance, Accounting, Banking, Economics, Commerce or Business Administration, Actuarial Science, Actuarial Management, Risk Management, Statistics or equivalent qualifications from recognized institutions with;
• At least 7 years’ working experience in the banking industry or financial institution of which two (2) years should be in a managerial position
• Possession of a Masters Degree in one of the fields mentioned above is an added advantage
• Strong leadership skills coupled with the composure required to thrive under pressure;
• Always willing to learn and grow as a leader and a professional;
• Strong motivational skills to drive the team for self-motivation in challenging times;
• Excellent oral and written communication skills to create a message and lay out strategies that team can easily understand;
• A healthy level of diplomacy and discretion while dealing with customers and stakeholders at all levels;
• Decisive, resilient and resourceful;
• Strong influencing skills;
• Performance oriented with high level of interpersonal skills

Interested candidates are advised to apply for the stated position and send their email to tz_executiverecruitment@pwc.com indicating on the subject of the email the reference number of the job and the name of the position on or before 3 July 2024.

The applicants should attach their Motivational letter, CV which should contain the applicant’s mobile number, email address, career background, and three referees. The applicants are also required to attach certified copies of their academic certificates.