Compliance Manager

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 44 billion and more than 60,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;

Work Reference No. 26/25 Position: Compliance Manager

Reporting to: Head of Risk and Compliance

Job Purpose; –

To ensure the bank complies with all applicable regulatory requirements, internal policies, and ethical standards. The Compliance Manager leads the implementation of the compliance framework, monitors regulatory risks, supports AML/CFT efforts, and fosters a culture of compliance across the institution.

Main Responsibilities; –

1. Regulatory Compliance

   • Ensure VFT full compliance with applicable laws, regulatory requirements, and guidelines issued by the Central Bank and other regulators (e.g., BAFIA, Country Labor Laws, AML/CFT, KYC, data protection, consumer protection, and others).

   • Conduct Annual regulatory gap analysis and recommend the establishment and enhancement of the missing controls

   • Maintaining the regulatory tracking log and ensuring timely submission of all regulatory reports and returns.

   • Act as the primary liaison with regulatory bodies and manage regulatory inspections or audits.

2. Compliance Monitoring & Testing

   • Develop and implement compliance monitoring plans to assess adherence to internal policies and external regulations.

   • Annual revision of compliance working papers and reporting templates to ensure risk and compliance officers are well supported to conduct regular compliance reviews Conduct regular compliance reviews and assessments across departments.

   • Report breaches, non-compliance, and gaps with corrective action plans.

   • Provide oversight to the Risk and Compliance Officers in all regulatory and internal compliance requirements

3. Policies and Procedures

   • Assist the Head of Risk and Compliance in the development, renewal, and enforcement of compliance-related policies and procedures.

   • Ensure all Internal policies are aligned with legal and regulatory requirements and best practices.

   • Track and report compliance issues, breaches, and key compliance indicators to senior management.

   • Lead internal compliance reviews and investigations of potential breaches

   • Maintain a centralized repository of current compliance policies and procedures, ensuring accessibility and version control for all stakeholders.

4. Training & Awareness

   • Development and implementation of annual compliance training plan for the Risk and Compliance Team and the VFT staff

   • Annual review and development of internal controls training materials for staff

   • Conduct training for the risk and compliance team on compliance risk assessments, root cause analysis, and other internal compliance-related training

5. Reporting

   • Monthly preparation and submission of compliance reports to management

   • Timely review and submission of the compliance review report conducted by the Risk and Compliance Officers from all regions

   • Maintain compliance dashboards and key performance indicators (KPls) for the bank and the Risk and Compliance Officers.

6. Performance Appraisal Responsibilities

   • Lead the performance appraisal process for Risk and Compliance Officers, ensuring alignment with departmental goals and regulatory expectations.

   • Set clear performance objectives and key performance indicators (KPls) for compliance staff, focusing on effectiveness, timeliness, and accuracy of compliance activities.

   • Conduct regular performance reviews, provide constructive feedback, and identify areas for improvement and professional development.

7. Advisory and supervisory Role

   • Provide compliance advisory services to business units on new products, partnerships, or initiatives.

   • Participate in product development and project committees to ensure regulatory compliance.

   • Advise senior management on emerging regulatory risks, changes in laws, and strategic compliance implications.

Required skills, knowledge, and competencies

List education, knowledge & skills, licenses preferred, and all experiences required to perform this position in a fully competent manner; –

1. • Bachelor’s degree in law, Finance, Risk, Business, or related field (professional certifications such as CPA, ACCA, CAMS, CISA, or ICA preferred).

   • At least 5 years of experience in banking compliance, legal, or audit roles.

   • Strong knowledge of regulatory frameworks governing the banking sector.

   • Experience with AML/CFT, KYC, and consumer protection regulations is essential.

   • Strong analytical and investigative skills.

   • Ability to influence and advise senior management and business teams.

   • Detail-oriented with strong problem-solving capabilities.

   • Understanding of ESG and data privacy regulations is an added advantage.

   • Strong experience in working in an anti-money laundering environment, preferably evidenced by relevant qualification

Attributes Desired for a position above; –

• honest, hardworking, friendly, focused;

• Local language skills;

• High standards in regards to quality of work;

• Able to work independently and as a team member;

• Attention to detail;

• Experience in banking or microfinance;

• Commitment to the social mission of microfinance

About our working environment & organization culture:

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

VisionFund Tanzania Microfinance Bank takes our Safeguarding responsibilities seriously and is committed to providing an environment that is safe from harm or abuse for adults, including clients, as well as children.

Candidates will undergo criminal record and background/ reference check prior to employment.

Female applicants are particularly encouraged to apply!! Mode of Application:

Interested and suitably qualified individuals should;

1. Forward their application letter, attaching certified copies of their academic and professional certificates, detailed CV’s with three referees and National ID to application@vftz.co.tz

2. All applications should be addressed to;

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited

P.O. Box 1546,

Arusha, TANZANIA.

3. The position should be the subject of the email application.

4. The deadline for the application is on 31^st August, 2025.

N.B. Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.