Director, Risk & Compliance Vacancy at DCB Bank
Director, Risk & Compliance
DCB Bank
Director, Risk & Compliance
Background
DCB Commercial Bank PLC is a fully-fledged retail and commercial bank in Tanzania. The bank offers banking services to Individuals, Microfinance, Small to Medium sized Businesses (MSME), as well as large corporate clients. DCB Bank has a wide branch network of over 9 branches, over 700 DCB Wakala Agents, and over 280 Umoja switch ATMs serving over 3 million customers across the country.
We are currently seeking qualified candidate to fill the role of Director, Risk & Compliance. The successful candidate will be responsible for ensuring that the bank is in compliance with the Banks and Financial Institutions Regulations; Bank and Financial Institutions Act and minimizing operational and financial risks.
Responsibilities:
Developing, reviewing and overseeing implementation of the bank’s risk management framework including but not limited to policies, procedures, guidelines and manuals
Monitoring market, economic and financial trends and advising management on how to minimize impact and/or risk exposure
Designing a mechanism to identify, receive alerts, monitor risks and develop mitigation plans aligned with the bank’s risk strategy
Enhancing internal controls based on changes in the strategy, organisation structure, risk mapping, operational procedures, regulations and guidelines
Reviewing risk management reports to ensure that limit excesses, exception and non-compliances are promptly addressed
Coordinating development and review of policies and manuals periodically to ensure they adequately are compliant with prevailing regulations and address the bank’s exposure to the risks
Periodically reviewing and report on the bank’s level of compliance at department/staff level and reporting the same to the Managing Director
Enforcing and monitoring compliance with internal and external operating procedures, processes, guidelines and manuals
Overseeing investigating of fraud/misconduct, recommending appropriate actions, and overseeing execution of remedial actions
Analysing risks associated with new products, processes and systems to determine the bank’s ability to manage those risks before rollout and provide guidance how to minimize exposure
Convening monthly management meetings and produce period reports to the board on quarterly basis
Serving as the Report Officer to the Financial Intelligence Unit
Delivering risk awareness and protection education to staff and customers
Qualifications and Experience
Bachelors’ degree from a recognized institution
5 years’ of senior managerial experience in risk management and compliance in a financial institution
In-depth knowledge of banking industry, related policies, procedures and regulatory requirements
Strong presentation and reporting
Proven experience in effectively engaging varied types of stakeholders
How to Apply :
If you believe you are the right candidate for this position, kindly submit your application with a detailed CV, photocopies of academic certificate, and names of three referees with their contacts, quoting reference number DCB/RC/DRC-02/2025 on the subject of the email.
To be considered, your application MUST be submitted through recruitment@dcb.co.tz not later than 14th March 2025.
Hard copy applications will not be accepted.
