Summary
Date Posted: Thursday, September 19 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
Responsible for identifying, evaluating, and analyzing risks inherent to the Retail Banking Products and operations and sufficiently address and mitigate them while ensuring compliance.

Oversee the product governance ensuring appropriate controls and processes are defined and maintained. Act as an investigative internal consultant, working with retail banking business to fully understand financial flows and improve the state of play in revenue tracking, realization and minimizing leakage.

Main Responsibilities:
• Identify applicable Tanzania laws and regulations related to banking institutions (including but not limited to Financial Laws) and ensure the division is compliant where applicable.
• Plan, design and implement an overall risk management process across all Retail Products, Pricing and Insights.
• Manage all audits to Retail Products, Pricing and Insights and ensure timely closure of all audit findings.
• Assess product, compliance, or operational risks and develop risk management strategies.
• Monitor laws and regulations with possible impact on Retail Products, Pricing and Insights Identify compliance issues that require follow-up or investigation.
• Ensure all staff understand banking applicable laws, regulations and offer timely advice.
• Provides support and training to staff to build risk awareness within the Business.
• Design and develop key business process and policy documents to enhance business process optimization, risk assessment and internal controls for all Retail Products, Pricing and Insights
• Ensure all identified revenue leakages are reported, rectified timely and controls are in place as a prevention.
• Ensure all relevant documentation is available for both internal and Central Bank purposes.
• Maintain excellent relationships with all stakeholders within compliance, transaction monitoring and risk departments for Retail Products, Pricing and Insights department safe housekeeping.
• Ensure effective fraud controls and other key internal controls are in place
• Design, develop and implement the Retail Products, Pricing and Insights risk and control matrices.
• Ensure compliance with internal systems of control that are imposed to achieve compliance with the externally imposed rules.
• Periodically aid in the sensitization of staff on Retail Products, Pricing and Insights policies and procedures through well thought of awareness campaigns.
• Develop trackers to monitor compliance with laws, regulations and policies. Ensure regulatory gaps raised in all audit reports are sufficiently addressed and mitigations put in place to ensure no repeat findings.
• Provide periodic updates/refreshers on compliance procedures and policies
• Ensure proper documentation of compliance activities for reference purposes
• Conduct internal reviews on the respective Retail Products, Pricing and Insights process to ensure that procedures are followed.

Knowledge and Skills:
• AML & Compliance.
• Commercial awareness; Revenue assurance.
• A detailed understanding of banking industry, advisory, regulatory and professional bodies.
• A good understanding of legislation related to financial services and channel delivery
• An understanding of customer segmentation theory and practice.
• Risk assessment & fraud prevention.
• Data analytics and information management.
• Strong interpersonal skills.
• Strong critical thinking and problem-solving skills.
• Detail-oriented with strong research and analytical skills.
• Forensic and process optimization skills; System audit skills.
• Self-motivated with leadership abilities.
• Strong mathematical and statistical analysis.
• Good communication and presentation skills

Qualifications and Experience:
• University Degree in Computer Science, Finance, Law or related field.
• Minimum of 5 years’ experience in financial services, fast-paced and dynamic environment.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

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