Compliance Risk Manager at KCB Bank Tanzania Limited

Job Title: Compliance Risk Manager

KCB Bank Tanzania Limited is seeking for a Compliance Risk Manager with the qualifications mentioned below to fill the job vacant.

KCB Bank Tanzania Limited, also KCB Bank Tanzania, is a commercial bank in Tanzania.

Compliance Risk Manager

A compliance manager plays a crucial role to ensure the bank adheres to relevant laws, regulations and internal policies. The resource support Head of Risk in the management of Compliance, Ethics and Financial Crime processes and methodology throughout the KCBT business units, as well as the implementation, alignment and embedding of the KCB Group compliance, Ethics and financial crime processes and methodology in KCBT. Ensuring that the KCBT Compliance, Ethics and Financial crime function delivers the compliance and financial crime deliverables required.


a. Regulatory compliance

Develop and implement policies and procedures to ensure compliance with applicable regulations
Stay informed about relevant laws, regulations and guidelines that affect the banking industry, including interpret and communicate regulatory requirements to stakeholders
Gap analysis for new regulations, creating awareness and track implementation
Ensure the monthly and quarterly compliance regulatory reporting have been done as per guiding laws, guidelines and regulations.
Respond to inquiries and requested from regulatory authorities.

b. Compliance management and monitoring activities

Working with stakeholders to close the identified gaps on compliance matters
Provide technical expertise reports to relevant stakeholders as and when requested, e.g. reviewing of new product proposals for compliance against regulatory requirements, work with stakeholder to identify potential compliance risks and vulnerabilities
Work with appropriate teams to identify and interpret laws, rules or regulations that apply to the bank’s business activities and monitor compliance with them
Conduct compliance risk management program (CRMP) for the bank to ensure compliance including conducting risk assessment to identify potential compliance risks and vulnerabilities
Coordinate and consistently track/ follow up all issues raised and/or those which arise during reviews carried by internal/ external auditors, group auditors and regulators until fully resolved;
Ensure Banks BCM plan is updated, tested and communicated to relevant stakeholders

c. Advisory role

Advise the stakeholders on compliance related matters
Provide insights on potential impact on new and amended products and services on the bank’s compliance posture

Continuously improve the bank’s compliance program based on lessons learned and emerging trends.

d. AML and CFT monitoring activities

Conduct annual Enhanced Due Diligence with correspondence banks
Act as a coordinator between other units and the bank’s Money Laundering Reporting Officer (MLRO), conduct various relevant trainings and coordinate preliminary review/ monitoring of all Suspicious Transactions Reports;
Coordinate the distribution and collection of information necessary to meet certain certification and reporting requirements, including counterparty information;
Identify and escalate the need for new or amended compliance, Code of Conduct and financial crime (AML& KYC, Sanctions and Bribery) policies and procedures

Develop and continuously improve the KCBT compliance and financial crime processes for the identification, management, monitoring and reporting of compliance and financial crime risks and issues.

e. Training and Awareness

Establish, maintain and manage the bank’s compliance database and use this information to provide timely /appropriate awareness training/coaching to staff reports;
Ensure an effective system exists for communicating the compliance risk program standards and guidelines to all staff and appropriate agents;
Conduct training sessions for bank’s employees to enhance the understanding of compliance requirements

Daily Responsibilities:

Perform the compliance risk assessment and work with business team to close the gaps identified
Provide ongoing coaching to business units and address any compliance queries may arise
Monitor Compliance KRI, suspicious transactions, regulatory commitment and tracker
Conduct Compliance, Code of Conduct and Financial Crime workshops and trainings
Follow-up action are undertaken by management to remedy compliance findings, ensuring that action taken is sufficient, timely and that controls introduced are operating as intended to mitigate the risk
Sustainable engagement with various stakeholders more emphasis on Risk Champions
Maintain and Update daily regulatory engagement with various stakeholders

Other Duties:
As and when assigned by Head of Risk


Academic and Professional

Particulars Details Specified field or Qualification Need type
Education Bachelor’s degree Business Administration/Accounting Management / Law/Banking Required
Professional Qualification Added advantage


Minimum number of 6 years in the of banking experience in Compliance, Risk management, Governance, Audit, or any other related fields.
Demonstrate the capability to work and manage team

Technical skills/Competence:

Good understanding and appreciation of compliance risk management practices.
Good understanding of current and anticipated regulatory requirements and supervisory expectations.
Strong analytical skills and confidence in interrogating data, processes, and engagement with stakeholders.
Able to interpret and communicate clearly to the business the application of relevant rules and regulations
Analytical and writing skills, planning and organizing
Leadership and Interpersonal sensitivity

Deadline: 2024-01-29 00:00:00

How to Apply: