Company: VisionFund Tanzania Microfinance Bank
Location: Arusha

About the Company
VisionFund Tanzania Microfinance Bank Ltd (formerly known as SEDA) is a fast-growing microfinance institution with a loan portfolio exceeding TZS 44 billion and a customer base of over 60,000, including 5,000 smallholder farmers. We are committed to empowering communities through financial services. To support our continued growth, we are looking for a dedicated Tanzanian to fill the role below.

Position: Risk and Compliance Officer – AML Suspicious Transaction Monitoring & Cybersecurity Risk
Job Reference: 13/24
Reports To: Senior Compliance / Risk Officer
Alternate Reporting: Head of Risk and Compliance

Role Overview

As the Risk and Compliance Officer, your key role is to protect the bank from financial crimes and cybersecurity risks by monitoring suspicious transactions and ensuring compliance with anti-money laundering (AML) regulations.

Key Responsibilities

  • Review daily transaction alerts to detect potential money laundering or suspicious activities.
  • Assist in preparing Suspicious Activity Reports (SARs) for submission to authorities.
  • Document and submit quarterly AML plans to the Compliance Manager, addressing any deficiencies.
  • Ensure the bank complies with both internal AML/CTF policies and national regulations.
  • Conduct monthly reviews of the bank’s systems to ensure alignment with MIS policies, processes, and procedures.
  • Identify and assess IT risks that could affect data integrity and operations.
  • Support the Risk Manager in evaluating cybersecurity risks and recommending controls to reduce exposure.
  • Perform annual IT assessments of third-party vendors for potential risks.
  • Stay updated on relevant IT security and privacy regulations, providing suggestions for necessary controls.
  • Monitor IT incidents and develop post-incident reports for future improvements.
  • Maintain records of cybersecurity training for staff, ensuring awareness of security protocols.
  • Create and update the organization’s cybersecurity incident response plans.

Qualifications

  • Bachelor’s degree in IT, Computer Science, Cybersecurity, or related field with compliance software knowledge.
  • Cybersecurity or AML certification is a plus.
  • Prior experience in banking or financial institutions is required.
  • Strong knowledge of AML laws (both local and international) and their impacts on the economy.
  • Expertise in anti-money laundering regulations and suspicious transaction monitoring systems.
  • Strong understanding of cybersecurity threats and related protection measures.
  • Knowledge of data protection laws and security practices (e.g., encryption, firewalls).
  • Experience using monitoring tools for AML and cybersecurity (e.g., SEIM, transaction monitoring software).

Skills & Attributes

  • Highly reliable with strong attention to detail.
  • Excellent communication and analytical skills.
  • Team player with strong planning abilities.
  • High level of integrity and ethics.
  • Proficient in Microsoft Office applications.
  • Self-starter, motivated, and organized.

Work Environment

VisionFund Tanzania Microfinance Bank offers a supportive and calm work culture, where employee growth, recognition, and professional development are valued. We prioritize safeguarding and provide a safe environment for our clients and staff.

Note: Criminal record checks and background references are part of our recruitment process.

Application Process
Female candidates are encouraged to apply. Submit your application letter with certified copies of academic and professional certificates, detailed CV, and three referees to:
Email: application@vftz.co.tz
Subject: Senior Compliance / Risk Officer Application
Address:
The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Ltd,
P.O. Box 1546, Arusha, Tanzania.

Deadline: 25th October

Disclaimer
VisionFund Tanzania does not engage agents or consultants for recruitment. Only shortlisted candidates will be contacted.