SENIOR MANAGER COMPLIANCE AT TANZANIA POSTAL BANK
TPB Bank PLC is a Bank , w hose vision is “to be the leading bank in the provision of affordable financial services and promoting financial inclusion in Tanzania”. As part of effective organizational development and manage men t of its hum an capital in an effective way, TPB BANK PLC comm its itself towards attaining , retaining and developing the highly capable and qualified work force for TPB BANK PLC betterment and the Nation at large.
SENIOR MANAGER COMPLIANCE - 1 POSITION
TPB Bank PLC seeks to appoint dedicated, self-motivated and highly organized Senior Manager Compliance (1 position) to join the Risk Management and Compliance.
REPORTING LINE: Director of Risk Management and Compliance
LOCATION: Head Office
WORK SCHEDULE: As per TPB Bank PLC Staff regulations
SALARY: Commensurate to the Job Advertised
The key objective of the post is to ensure effective management of the bank’s compliance risk. In accordance with Bank of Tanzania Guidelines and International best Practice. Oversee and manage bank’s Compliance Policy and Procedure Manual. Ensure the Policy is observed by all staff in the bank. To carry out annual review of Compliance Policy and its Procedure Manual as well as Anti Money Laundering Policy of the bank. Advice Management on the best practice approach in managing Compliance risk
To monitor compliance with prudential internal policies, procedures and limits applicable to all bank functions.
Support Senior Management on compliance laws, rules and standards, including keeping them informed on developments in the area.
Support Management in achieving Anti-Money Laundering control and compliance related matters.
Branch monitoring on and adherence to Regulation requirement and directives.
Review of Head Office units to measure its compliance with Regulatory requirements, policies and procedures.
Review of daily Bank's Liquidity Report and identify gaps with proposed solution.
To measure and monitor exposures to credit risks.
To participate in the review of bank's policies.
To carry central role of educating staff on compliance issues, and acting as a contact point within the bank.
Establish written guidance to staff on the appropriate implementation of compliance laws, rules and standards through policies and procedures and other documents such as compliance manuals, internal codes of conduct and practice.
To be pro-active in identifying, document and assess the compliance risks associated with the bank’s business activities, including the development of new products and business practices, the proposed establishment of new types of business or customer relationships, or material changes in the nature of such relationships.
To be a member of Bank’s Product Development Committee.
Continuously tracking and measure compliance risk or problems (e.g. by using performance indicators) and use such measurements to enhance compliance risk assessment. Some of the potential compliance problems (e.g. an increasing number of customer complaints, irregular trading or payments activity, etc).
To have the ability to assess the appropriateness of the bank’s compliance procedures and guidelines, promptly follow up any identified deficiencies, and, where necessary, formulate proposals for amendments.
To be able to monitor and test compliance by performing sufficient and representative compliance testing. The results of the compliance testing should be reported up through the compliance function reporting line in accordance with the bank’s internal risk management procedures.
To generate and submit reports on compliance matters as per Compliance Policy and Procedure Manual. The reports should refer to the compliance risk assessment that has taken place during the reporting period, including any changes in the compliance risk profile based on relevant measurements such as performance indicators, summarize any identified breaches and/or deficiencies and the corrective measures recommended to address them, and report on corrective measures already taken commensurate with the bank’s compliance risk profile and activities.
Work as the Anti-money laundering reporting officer. It may also liaise with relevant external bodies, including regulators, standard setters and external experts.
Requirement for setting up compliance programme that sets out its planned activities, such as the implementation and review of specific policies and procedures, compliance risk assessment, compliance testing, and educating staff on compliance matters. The compliance programme should be risk based and subject to oversight by the Director of Risk Management and Compliance to ensure appropriate coverage across businesses and co-ordination among risk management functions.
To be active in introducing new ideas which aimed at strengthening compliance functions and Anti-Money Laundering across the Bank. Ensure all regulatory requirements in terms of publications, displaying and functioning of all security tools are implemented across branch networks.
To perform any other duties that might be assigned by superior
PROFESSIONAL AND INTERPERSONAL DETAILS
Degree in Business/Law/Finance/Accounting/Economics and Knowledge in Anti-Money Laundering. Will be added advantage
Experience: Working experience in for at least three years in compliance/Anti-Money Laundering/legal matters of banks; familiar with Bank of Tanzania Risk Management guidelines.
Demonstrated experience in managing Compliance and Anti-Money Laundering function including developing policy and procedures for Compliance and Anti-Money Laundering.
The position will attract a competitive salary package, which include benefits. Applicants are invited to submit their resume (indicating the position title in the subject heading) via e-mail to: email@example.com. Applications via other methods w ill not be considered . Applicants need to submit only the Curriculum Vitae (CV) and the letter o f applications starting the job advertised and the location . Other credentials w ill have to be submitted during the interview for authentic check and other administrative measures and should not in any way be attached during application .
TPB Bank PLC has a strong commitment to environmental, health and safety management. Late applications will not be considered. Short listed candidates may be subjected to any of the following: a security clearance; a competency assessment; physical capability assessment and reference checking.
AVOID SCAM S: NEVER pay to have your CV / Application pushed forward. Any job vacancy requesting payment for any reason is a SCAM. If you are requested to make a payment for any reason, please use the Whistle blower policy of the Bank, or call 0222162940 to report the scam. You also don’t need to know one in TPB BANK PLC to be employed. TPB BANK PLC is merit based institution and to achieve this vision, it always go for the best.
Please forward your applications before 30th August, 2017