Manager Compliance I at TCB Bank

Position: Manager Compliance I

Location: Dar es Salaam

Department: Risk Management and Compliance

Salary Scale: COBS 7 (Officer Level I)

Application Deadline: August 17, 2025

Key Requirement: Bachelor’s degree + 10+ years’ experience in banking/finance compliance.

Overview

Tanzania Commercial Bank is dedicated to providing competitive financial services and creating value for stakeholders through innovative products, with a vision to be the leading bank in Tanzania for affordable, accessible, and convenient financial services. The bank is committed to organizational development and effective human capital management by attracting, retaining, and developing a highly capable and qualified workforce to advance its goals and contribute to the nation.

Position Objective

The Manager Compliance I is part of the compliance division within the Risk Management and Compliance Directorate. The role involves tracking all compliance areas, preparing required reports to keep management informed through meetings and reports, reviewing compliance charters, policies, guidelines, and manuals to guide risk owners, and contributing to the establishment of the overall TCB Risk Register.

Key Responsibilities

  • Assist the Principal Compliance Officer and Chief Manager Compliance in overseeing day-to-day compliance management across the bank.
  • Implement controls to meet regulatory and internal requirements and promote a strong compliance culture.
  • Collaborate with departments and branches on compliance matters to balance business growth with compliance.
  • Ensure proper functioning of day-to-day controls and timely reporting of significant compliance breaches.
  • Document and implement controls to ensure compliance with Bank of Tanzania regulations and internal standards.
  • Provide assurance on policy implementation and quality of controls as part of the second line of defense.
  • Act as a reference point within the bank to facilitate understanding of compliance requirements.
  • Ensure effective policy implementation, proper communication of new regulations, and quality assurance.
  • Adhere to the compliance management framework for identifying, controlling, monitoring, and reporting compliance matters.
  • Ensure sufficient actions are taken to mitigate identified compliance deviations.
  • Coordinate periodic monitoring (self-assessment) activities, escalating issues when necessary.
  • Ensure departments and branches comply with key regulations to avoid penalties.
  • Assess and mitigate compliance risks associated with new products, services, and business strategies.
  • Ensure internal controls for money laundering, KYC, and fraud prevention are functioning.
  • Identify gaps and conduct staff training on compliance matters.
  • Review the quality of controls, including validation of Key Risk Indicators (KRIs).
  • Manage the Risk Register and Compliance Dashboard of the Bank.
  • Ensure compliance with regulations related to money laundering, counterfeiting, financing of terrorism, and the bank’s Code of Conduct.
  • Issue alerts for unusual or suspicious customer activity and report promptly.
  • Participate in the bank’s new product development (PDP) to ensure compliance.
  • Ensure regulatory requirements for publications, displays, and security tools are implemented.
  • Monitor compliance through regular risk assessments and testing.
  • Track compliance issues from metrics, assurance activities, audit reviews, and regulatory inspections.
  • Submit weekly GOAML transaction reports to the FIU via the GOAML portal system.
  • Report Suspicious Transaction Reports (STRs) to the FIU via the GOAML portal and MLRO.
  • Monitor transactions and perform other compliance-related duties as assigned.

Qualifications, Skills, and Experience

  • Bachelor’s degree in Banking and Finance, Banking, Accounting, Insurance, Risk Management, Economics, Agricultural Economics, Marketing, Commerce/Business Administration (majoring in Marketing, Entrepreneurship, Accountancy, or Finance), or equivalent qualifications from a recognized institution.
  • Minimum of 10 years’ working experience.
  • Computer literacy with excellent command of Excel and Word processing.
  • Certifications in Compliance Management are an added advantage.
  • Sound knowledge of banking acts, regulations, circulars, and best practices.
  • Knowledge of other relevant acts, laws, regulations, and circulars contributing to effective compliance management.
  • Strong communication and technical skills in compliance matters.
  • Ability to prioritize tasks and stay organized.
  • Capability to work independently with minimal supervision.
  • Adherence to regulations and company policies.
  • Team player with good interpersonal skills.

Personal Attributes and Behavioral Competencies

  • Demonstrates Tanzania Commercial Bank core values: Customer Focus, Trustworthy, Creativity, Teamwork, and Excellence.
  • Ability to prioritize work and meet deadlines.
  • Capable of working quickly, accurately, and consistently under pressure.
  • Methodical and well-organized approach to work.
  • Mature and able to work in a confidential environment.

How to Apply

Submit applications via the following link: https://www.tcbbank.co.tz/careers. Applications via other methods will not be considered.

Applicants must provide personal information, academic certificates, work experiences, and an application letter. Other credentials will be submitted during the interview for authentication and administrative purposes.

Note: Late applications will not be considered.