Bank of Baroda, a leading nationalized bank in India with an international presence, is seeking to hire a Manager Compliance for its operations in Tanzania. The bank operates 8243 branches in India and 96 branches/offices globally, including branches in Dar es Salaam, Arusha, Kariakoo, and Mwanza. Bank of Baroda (Tanzania) Limited is a fully owned subsidiary of Bank of Baroda.
The bank provides a full range of banking services to individuals, businesses, government departments, SMEs, and more. The Manager Compliance will oversee the compliance department and ensure adherence to regulations across the bank’s operations.
Position and Vacancies
- Position: Manager Compliance
- Vacancies: 01
- Job type: Full-time
- Oversee the compliance function of the bank.
- Perform compliance risk assessments and ensure adherence to applicable laws and regulations.
- Monitor changes in legislation and advise management on necessary compliance measures.
- Develop and implement policies and procedures to ensure compliance.
- Provide staff training on KYC, anti-money laundering, and other compliance issues.
- Ensure timely submission of regulatory returns and reports.
- Liaise with external bodies to ensure the bank’s compliance with regulations.
- Conduct internal investigations into compliance issues.
- Stay updated with legal and regulatory developments.
- Identify potential compliance risks and mitigate them.
- Ensure effective systems, procedures, and controls for compliance, including in risk management, governance, Anti-Money Laundering, and Data Protection.
- Report to the bank’s management regarding compliance issues.
- Prepare and present compliance reports to the board.
- Maintain effective relationships with regulatory bodies.
- Develop and revise the annual compliance work plan as needed.
- Oversee and monitor the implementation of the compliance program.
- Maintain documented and effective compliance procedures aligned with internal standards.
- Interact with regulators on compliance issues.
- Coordinate audits, reviews, and examinations.
- Independently investigate compliance-related matters.
- Monitor external review processes.
Qualifications and Experience
- Minimum Qualification: Graduate in CPA (T) or MBA (Finance). Candidates with higher qualifications may also apply.
- In-depth knowledge of banking industry regulations and guidelines.
- At least 5 years of experience in banking at a supervisory level in the Compliance department.
- Strong analytical skills, excellent communication abilities, and outstanding organizational and leadership skills.
- Ability to plan, organize, lead, and control the daily operations of the Compliance Department.
Important Notes
- Only Tanzanian nationals are eligible to apply.
- Training or internship periods will not be counted as experience for eligibility.
- The number of vacancies may increase or decrease depending on the bank’s needs.
- Shortlisting is at the bank’s discretion; only shortlisted candidates will be contacted.
- The recruitment is subject to approval by competent regulatory authorities.
- The management reserves the right to cancel the recruitment process at any time.
Remuneration
- Successful candidates will receive a competitive salary and benefits in line with the bank’s industry status.
Interested candidates should apply in writing by sending the following:
- Download APPLICATION FORM FOR EMPLOYMENT
- Application Form (as per the enclosed format).
- Curriculum Vitae (CV).
- A passport-sized photograph.
- Copies of academic qualifications and work experience documents.
- Postal and email addresses, as well as telephone numbers.
- Names and addresses of two referees. Applications should be sent to:
Managing Director
Bank of Baroda (Tanzania) Limited
Plot no.149/32, Ohio/Sokoine Drive
P.O. Box No.5356, Dar es Salaam, Tanzania
Phone: +255 22 2124472/87, 2124461 (CM)
Fax: +255 22 2124457
Email:
[email protected]
Website: www.bankofbaroda.co.tz
Deadline: Applications must be received by 30/11/2024 before 5:00 PM (East African Time).
