Risk and Compliance Officer

About this role

The Risk and Compliance Officer role at VisionFund Tanzania (VFT), World Vision's microfinance subsidiary, is responsible for establishing, implementing, and enforcing a comprehensive bank-wide Compliance Risk Management Framework covering legal, regulatory, and Anti-Money Laundering (AML) compliance. This position serves a critical function in ensuring VFT's operations align with the Banking and Financial Institutions Act, Bank of Tanzania regulations, and the Anti Money Laundering Act and related guidelines. The primary focus involves maintaining compliance across business centers in the Mwanza Region, implementing monitoring plans, and protecting the institution from being exploited for financial crimes. Core responsibilities span four main areas.

Approximately forty percent of the role involves ensuring compliance of VFT and regulatory policies at business centers within the Region, implementing compliance monitoring plans, monitoring and reporting violations of bank policies and procedures, conducting training on legal and regulatory matters including AML, and advising the bank on compliance status with operational, local, and regulatory requirements. Another forty percent focuses on managing risks at the business center level by analyzing branch reports for anomalies, reporting fraudulent activities, assisting in risk identification and risk register updates, and monitoring risk incidences as they occur. The remaining twenty percent covers physical security and health representation, including testing internal controls and security devices, assessing office gaps, and conducting safety awareness, as well as training staff on risk, security, and compliance matters. The minimum requirements include 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 is required, along with enterprise risk management expertise and an understanding of how money laundering affects the economy and financial systems. Strong analytical skills with careful attention to detail and an investigative mindset are essential. The role also demands effective training abilities, very good communication skills, innovative and analytical capabilities, strong planning skills, and the ability to work well within a team.