Senior Manager Compliance – TPB Bank PLC

By | September 12, 2019

TPB Bank PLC is a Bank that provides competitive financial
services to our customers and creates value for our stakeholders through innovative product

TPB Bank PLC is a Bank, whose vision is “to be the leading bank in Tanzania in the provision of affordable, accessible and convenient financial services”. As part of effective organizational development and management of its human capital in an effective way, TPB BANK PLC commits itself towards attaining, retaining and developing the highly capable and qualified workforce for TPB BANK PLC betterment and the Nation at large.


TPB Bank PLC seeks to appoint dedicated, self-motivated and highly organized Senior Manager Compliance (1 position) to join the Directorate of Risk Management and Compliance team. The work station is Dar es Salaam.

DIRECT REPORTING LINE Director of Risk Management and
LOCATION Head office
WORK SCHEDULE As per TPB Bank PLC Staff regulations
DIVISION Compliance
SALARY Commensurate to the Job Advertised

The key objective of the post is to ensure effective management of the bank’s compliance risk. Establish and communicate bank’s compliance policy and make sure
it is observed by all staff in the bank.

To make annual review Compliance Policy and its procedure manual as well as Anti Money Laundering Policy of the bank. Advice Management on the best practise approach in managing Compliance risk.

(i) To monitor compliance with prudential internal policies, procedures
and limits applicable to all bank functions.
(ii) Support Senior Management on compliance laws, rules and standards,including keeping them informed on developments in the area.
(iii) Support Management in achieving Anti-Money Laundering control and compliance related matters.
(iv) Branch monitoring on and adherence to Regulation requirement and directives.
(v) Review of Head Office units to measure its compliance with Regulatory requirements, policies and procedures.
(vi) Review of daily Bank’s Liquidity Report and identify gaps with proposed solution.
(vii) To measure and monitor exposures to credit risks.
(viii) To coordinate review of bank’s policies.
(ix) To carry central role of educating staff on compliance issues, and acting as a contact point within the bank on all compliance related matters.
(x) 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.
(xi) 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.
(xii) To be a member of Bank’s Product Development Committee and ensure all products offered by the bank comply to all government laws and regulations
(xiii) Continuously 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).
(xiv) 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.
(xv) 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
(xvi) To generate and submit reports on compliance matters. 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
(xvii) Summarise 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.
(xviii) Work as assistant Anti-Money Laundering reporting officer. It may also liaise with relevant external bodies, including regulators, standard
setters and external experts.
(xix) 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.
(xx) To be active in introducing new ideas which aimed at strengthening compliance functions and Anti-Money Laundering across the Bank.
(xxi) Engage departmental and branches compliance officers and ensure they are effective in managing compliance risk across the bank.
(xxii) Ensure all regulatory requirements in terms of publications, displaying and functioning of all security tools are implemented across branch networks.
(xxiii) Update on business licenses, annual published accounts and any other document that is required to be displayed in auspicious location with branches and agent offices.
(xxiv) To perform any other duties that might be assigned by superior.

Education: Degree in Business/Law/Finance/Accounting/Banking/Economics
and Knowledge in Anti-Money Laundering.

Experience: Working experience for at least three years in compliance/AntiMoney Laundering/legal matters of banks; familiar with Bank of Tanzania Risk Management guidelines.

Demonstrated experience in managing Compliance and AntiMoney 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: Applications via other methods will not be considered. Applicants need to submit only the Curriculum Vitae (CV) and the letter of application starting the job advertised. Other credentials will 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: security clearance; a competency assessment; physical capability assessment and reference checking.

AVOID SCAMS: 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.



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