RISK AND COMPLIANCE OFFICER @ PAVEWAY AFRICA LTD
Paveway Africa Ltd, acting on behalf of a distinguished client in the financial sector, is seeking a qualified and experienced Risk and Compliance Officer to join their team in Tanzania. This role is central to maintaining the integrity of the financial institution by ensuring all operations align with the stringent banking laws, regulations, and guidelines issued by the Bank of Tanzania. The successful candidate will play a critical role in safeguarding the organization against financial and reputational risks while fostering a culture of compliance and ethical conduct among staff members.
Key responsibilities include the oversight of AML/CFT, KYC, and sanctions screening processes to prevent illicit activities. The officer will be tasked with conducting regular risk assessments, internal control checks, and preparing detailed reports for management and relevant committees. Furthermore, the role involves investigating potential compliance breaches and maintaining active risk registers. This position offers a significant opportunity for a professional with a strong background in banking operations and a deep understanding of the Tanzanian regulatory landscape to influence governance and operational excellence.
Key responsibilities include the oversight of AML/CFT, KYC, and sanctions screening processes to prevent illicit activities. The officer will be tasked with conducting regular risk assessments, internal control checks, and preparing detailed reports for management and relevant committees. Furthermore, the role involves investigating potential compliance breaches and maintaining active risk registers. This position offers a significant opportunity for a professional with a strong background in banking operations and a deep understanding of the Tanzanian regulatory landscape to influence governance and operational excellence.
Key Requirements
Bachelor’s degree in Law, Finance, Accounting, Banking, Business Administration, or Risk Management.
Minimum of 3–5 years’ professional experience in compliance, risk, audit, or banking operations.
Specific experience working within the financial sector or banking environment in Tanzania.
In-depth knowledge of banking laws, regulations, and guidelines issued by the Bank of Tanzania.
Strong proficiency in AML/CFT, KYC, sanctions screening, and customer due diligence requirements.
Ability to conduct comprehensive compliance reviews, risk assessments, and internal control checks.
Proven ability to identify operational, regulatory, financial, and reputational risks and recommend mitigation.
Experience in preparing detailed compliance and risk reports for management and relevant committees.
Capability to conduct staff training on compliance, ethics, AML, risk, and governance matters.
Strong analytical skills to investigate compliance breaches, incidents, and suspicious transactions.
Professional certification in compliance, risk, AML, audit, or banking (e.g., CAMS, CIA) is an added advantage.
Excellent communication and stakeholder management skills to liaise with auditors and regulators.