Risk and Compliance Officer - AML Suspicious Transaction Monitoring and Cybersecurity Risk

About VisionFund Tanzania Microfinance Bank Ltd

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 44 billion and more than 60,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;

Job Details

• Work Reference No. 13/24
• Position: Risk and Compliance Officer - AML Suspicious Transaction Monitoring and Cybersecurity Risk
• Reporting to: Senior Compliance /Risk
• Alternate (Administrative reporting line): The Head of Risk and Compliance

Responsibility

The purpose of an AML Suspicious Transaction Monitoring and Cybersecurity Risk and Compliance Officer is to safeguard the organization against financial crimes and cybersecurity threats by monitoring and investigating suspicious transactions in compliance with anti-money laundering (AML)

Main tasks

• Daily review and investigation of the transactions monitoring alerts for potential money laundering or other suspicious
• Support the Compliance Manager in the Preparation of Suspicious Activity Reports (SARs) required with relevant authorities when suspicious transactions are
• Documentation of the quarterly AML Plans and submission to the compliance manager reports regarding the success of the AML program and timely reporting of deficiencies
• Monitor the bank’s compliance with AML/CTF Internal Policies and country AML laws and regulations
• Monthly reviews of bank systems to ensure they comply with the bank’s MIS Policies, processes, and procedures parameters and produce the reports required
• Identify and assess IT-related risks that could impact the organization’s operations, data integrity, and
• Assist the Risk Manager in conducting cyber security risks and suggest controls for reducing the cyber security risk exposure in the
• Conducting Annual IT-related assessments of the third parties to identify risks associated with third party vendors and service
• Stay informed about relevant laws and regulations related to IT security and privacy and suggest control
• Monitoring of IT related Incidents and development of Post-incident reports to identify lessons learned for improvement
• Developing and maintaining records of cybersecurity training programs for employees, ensuring that all staff are aware of the organization’s security protocols and
• Creating and maintaining documentation for cybersecurity incident response plans, detailing how the organization responds to security breaches or data loss

Requirements

• University degree in Information Technology or Computer Science, Cybersecurity, or Information Security with knowledge of compliance software/applications. A candidate with Cyber security or AML certification will be mostly preferred.
• Experience with Banking/Financial Institution operations,
• Understanding of the impacts of money laundering on the economy and on financial systems
• Strong analytical skills, paying careful and particular attention to detail, and also have an investigative mindset
• Expertise in anti-money laundering regulations, including local and international AML laws (e.g., FATF, OFAC).
• Experience with suspicious transaction monitoring systems and tools, such as transaction pattern analysis, KYC procedures, and SAR (Suspicious Activity Reports)
• Strong understanding of cybersecurity threats, vulnerabilities, and attack vectors
• Knowledge of data protection laws and practices, including encryption, firewalls, and intrusion detection
• Experience with monitoring tools for AML and cybersecurity threats (e.g., SEIM systems, AML transaction monitoring software).

Other Attributes

• Highly developed sense of reliability and correctness
• Very good communication skills
• Possess Innovative and analytical skills
• Very good planning skills
• Good team player
• High level of Integrity and Ethical
• Must have above average skills in using Micro Soft office applications
• Must be a self-starter, highly motivated, organized, and detail-oriented

About Our Working Environment & Organization Culture

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

VisionFund Tanzania Microfinance Bank takes our Safeguarding responsibilities seriously and is committed to providing an environment that is safe from harm or abuse for adults, including clients, as well as children. Candidates will undergo criminal record and background/ reference check prior to employment.

Female applicants are particularly encouraged to apply!!

Mode of Application

Interested and suitably qualified individuals should;

• Forward their application letter, attaching certified copies of their academic and professional certificates, detailed CV’s with three referees and National ID to application@vftz.co.tz

All applications should be addressed to;

• The Chief Executive Officer,
• VisionFund Tanzania Microfinance Bank Limited
• P.O. Box 1546, Arusha, TANZANIA.

The position should be the subject of the email

The deadline for the application is on 25th October,

N.B. Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.