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 a 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 reporting 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 investigation of fraud/misconduct, recommending appropriate actions, and overseeing execution of remedial actions
• Analyzing 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 producing period reports to the board on a 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

• Bachelor’s 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 skills
• Proven experience in effectively engaging varied types of stakeholders

If you believe you are the right candidate for this position, kindly submit your application with a detailed CV, photocopies of academic certificates, 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.