Career Opportunity: Risk and Compliance Officer at Selcom Microfinance Bank

Position Overview

• Job Title: Risk and Compliance Officer
• Employer: Selcom Microfinance Bank Tanzania
• Department: Risk and Compliance Department
• Posted: 23rd September 2026
• Application Deadline: 29th September 2026

Key Responsibilities

• Participate in quarterly and annual risk assessment discussions with each department to identify and analyze risk types across the bank.
• Implement the Risk and Compliance unit plan based on business objectives and provide assurance on the effectiveness of internal controls.
• Assist Senior Risk and Compliance Officers in evaluating risk, determining areas of highest exposure, and implementing mitigating controls.
• Perform AML risk assessments in accordance with the bank's AML/KYC policy.
• Conduct monitoring reviews of key risk areas including AML, KYC, account opening, dormant account reactivations, agent banking, and mobile banking.
• Conduct staff training on AML/KYC regulatory requirements to build a risk-aware culture.
• Carry out review assignments independently with minimum supervision in accordance with risk and compliance procedures.
• Conduct counterparty risk assessments before onboarding new counterparties and continuously monitor their performance.
• Follow up on the closure of issues raised in external audit/examination reports and internal audit reports.

Requirements & Qualifications

• Experience: Minimum of 2 years working in a bank within departments such as Risk and Compliance, audit, or related fields.
• Education: At least a Bachelor’s degree, ideally focusing on Accounting, Business Administration, Finance, or Risk Management.
• Professional Qualifications: Professional qualifications like risk management, compliance, CAMS, or CFE serve as an added advantage.
• Key Competencies: High integrity, honesty, independence, strong ability to prioritize tasks based on operational and strategic goals, and a continuous willingness to learn.
• Technical Knowledge: Substantial understanding of audit/risk management methodologies and regulatory requirements related to information security, privacy, and/or data security.