Head of Enterprise Risk at Bank of Africa Tanzania

by Udahiliportaldaily

Head of Enterprise Risk 


Location: Head Office Reporting to Managing Director

Summary of Responsibilities:

To facilitate the execution of Enterprise Risk Management (ERM) processes and infrastructure as a key enabler to achieving the business objectives of the bank sustainably.

Scope of Duties:


  • To integrate risk management within the strategy development process of the bank.
  • To develop and communicate risk management policies, risk appetite and risk limits of the bank
  • To continuously monitor the Bank’s critical risks and develop risk mitigation strategies to respond to these risks
  • To establish, communicate and facilitate the use of appropriate Enterprise Risk Management methodologies, tools and techniques to effectively manage the risks of the bank
  • To work with business units to establish, maintain and continuously improve risk management capabilities and support business sustainability
  • To facilitate enterprise-wide risk assessments and monitor priority risks across the bank
  • To implement risk reporting to the Executive Committee, Board and Senior Management
  • To ensure effective alignment between the Enterprise risk management process, internal Audit and risk financing
  • To initiate regular risk management education and training across the Bank
  • To assist the Directorate, Executive Committee, and the Assets and Liabilities Committee with capital and resource allocation decisions
  • To provide an independent view regarding proposed business plans and transactions
  • To develop project risk management capabilities within the Bank
  • To develop and implement an IT Risk strategy to support Enterprise Risk Management
  • To determine the risk-bearing capacity of the bank and advise on self-insurance portfolio options as in keeping with risk management strategy, including financing options for the cost of risk retention
  • And any other duties that may be assigned.


Academic/Professional Qualifications:


  • Bachelors’ degree in a Business, Finance, Statistics, Mathematics, Economics, Accounting or other quantitative fields
  • Masters’ Degree or Professional Qualifications in relevant fields e.g. finance, ICT security, banking is desirable
  • 8 years’ experience in Business (preferably Banking); 3 of which should be at senior management level
  • Strong grasp of Enterprise Risk Management principles and philosophy


Competence Requirements:


  • Solid grasp and interpretation of industrial and national economic trends
  • Strong strategic and conceptual skills
  • Proven leadership and people management skills
  • Solid business acumen a nd fi nancial skills
  • Strong analytical and problem solving skills
  • Strong decision-making, conflict resolution and problem solving skills
  • Strong presentation skills, verbal and written communication skills,
  • Team player with strong interpersonal skills
  • Stakeholder management.
  • Ability to work under pressure and exercise excellent judgment
  • Integrity and professionalism


How to apply

All applications and copies of certificates should be submitted to Human Resources department by end of 08th October 2021 through;





P.O Box 3054



Or through email: hr@boatanzania.com

NOTE: We shall communicate to only shortlisted candidates who meet all the requirements above.

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