Risk and Compliance Officer

About this role

VisionFund Tanzania (VFT-MFB), a Christian faith-driven microfinance institution serving vulnerable children and communities, seeks a Risk and Compliance Officer to establish, implement, and enforce a robust bank-wide Compliance Risk Management Framework covering legal and regulatory compliance as well as Anti-Money Laundering obligations. The role ensures that the Bank is not used as a conduit by money launderers or terrorism financiers, thereby protecting the integrity of the institution. Core responsibilities span three main areas: first, ensuring compliance of VFT policies and regulatory requirements at business centres across the region, including conducting compliance monitoring, reviewing operational non-compliance issues such as data input, reconciliation, and abnormal approvals, and advising the bank on compliance status with regard to Bank of Tanzania directives, FIU guidelines, TRA requirements, company law, and labour law. Second, managing risk at the business centre level by analysing branch reports to detect anomalies and fraud, reporting confirmed and potential fraudulent activities, assisting in the identification and updating of the risk register, and monitoring risk incidences as they occur.

Third, serving as focal person for physical security and health matters at regional business centres, conducting testing of internal risk and compliance controls and security devices, assessing VFT offices to identify physical security gaps, and facilitating safety awareness. A further component involves conducting training on risk, physical security, AML, and compliance matters for new and existing staff. The ideal candidate holds a university degree in Law, Business Management, Banking, or a related discipline with knowledge of compliance software and applications. Prior experience in banking or financial institution operations and enterprise risk management is required, along with strong analytical skills, an investigative mindset, attention to detail, and effective communication and training abilities.

The position is full-time, reports administratively to a Regional Manager, and is supervised by a Senior Compliance Officer. Applications are welcome through the organisation's recruitment portal.