Senior Manager, Compliance Job Vacancy at Akiba Commercial Bank PLC (ACB)

Full Time
  • Full Time
  • Dar es Salaam
  • Applications have closed

Website Akiba Commercial Bank PLC

Akiba Commercial Bank is a commercial bank in Tanzania

Senior Manager, Compliance Job Vacancy at Akiba Commercial Bank PLC

We are hiring!

Senior Manager, Compliance

Reporting to the Chief Risk Officer, the position is responsible to develop and ensure implementation of the annual Compliance  Risk Management  Plan cutting across Financial Crime Compliance  Risks, Regulatory  Risk  Monitoring  and  Transaction  Monitoring.  Responsible  in  providing  oversight and support  to the  bank’s  Compliance  Risk  Infrastructure that  monitors  Suspicious  Activity, AML, and Sanctions violations. Planning, Monitoring, Analyzing and Interpreting of various pieces of legislation within ACB  PIc and conducting  periodic  internal  reviews or audits  to ensure  the Bank is  compliant with laws,  rules and regulations.


  • Oversee Compliance monitoring and intervening  on the bank’s compliance with internal policies, procedures, and guidelines  and training  of bank staff by performing  regular and comprehensive compliance  risk assessments and testing.
  • Develop relevant Compliance policies, procedures, and processes  to support  management of financial crime compliance and reputational  risks.
  • Promote a culture within the Bank that emphasizes commitment to internal controls, regulatory compliance and high ethical standards.
  • Create compliance risk matrix for all laws/by-laws/circulars and guidelines the bank is subjected to, for regulatory compliance and risk mitigation.
  • Maintain awareness of and complete Risk & Control Self-Assessments (RCSAs)  for all  units, products/services: ensuring Compliance requirements have been properly mapped against respective Risk Registers.
  • Review of compliance records through the review of audit reports of specific operating units on the issues of non-compliance and the implications thereof.
  • Provides assistance and  advice  on  compliance issues  specific  to  the  Business   Unit  (new businesses,  products, and other initiatives such as projects).
  • Oversees in conjunction with the Combined Assurance structure, the adherence to the Compliance Policies in order to identify further areas of improvement and detect significant compliance breaches and exposures.
  • Assists the Business Unit with the resolution of compliance related audit issues and findings
  • Establishes a line of communication to the Business Unit Management, in order to monitor relevant compliance aspects within the Business Unit.
  • Prepare a quarterly  compliance  report  for  use by  the  Board  Risk  Committee  that  provides  an overview of the risks faced by the Bank, together with the recommended  actions, as appropriate.
  • Liaise with relevant external bodies and regulators on compliance  matters;
  • Advise management on the applicable laws, regulation,  rules and standards and inform them about any developments in  these areas.
  • Maintain robust proactive communication protocol and process withthe  Regulators.
  • Effective  implementation   of  the   Compliance   Programme   to  assess   compliance   with   risk management.
  • Review of the timely implementation and corrective action  of deficiencies  identified.
  • Ensure that the policies and procedures are reviewed on an annual basis.
  • Ensure the bank  has relevant  policies,  procedures,  processes,  and strong  controls  to support management   of Financial  Crime  Compliance   (FCC)  Risks  that includes  Money  Laundering, Terrorism  Financing, Sanctions, and Anti-Bribery  & Corruption Risks.
  • Assist to define the bank’s AML & Sanctions  Monitoring strategy  and goals across  the bank, providing direction and guidance on the program
  • Ensure understanding of policies and governance  processes, driving compliance as appropriate within the bank.
  • Manages oversight and ongoing enhancement for Compliance training  programs  and ongoing enhancements  to Regulatory Change and Regulatory  Reporting Management  processes.
  • Responsible to ensure compliance to all local and international regulatory requirements.
  • Oversees and supports Regulatory Compliance Examinations.
  • Focus on aligning the bank’s business operating practices with changes in Global Financial Crime Standards and regulatory risk and ensure that the Bank’s Financial Crime Compliance Framework remains appropriate.
  • Design and implement strategies to identify, assess, and mitigate  Money laundering and Sanctions risks facing the bank: enhancing  effectiveness and efficiency  of monitoring  while maintaining ability to address  risks.
  • Responsible for ensuring compliance  to Code of Conduct,  management of Conflict of Interests and responsible  to ensure  effective  implementation  of the bank’s  Whistle  Blowing  program.
  • Improve  monitoring  capabilities  and enhance  overall  operational efficiencies within ACB.
  • Ensure compliance with the Regulatory  framework  and  Internal  policies.
  • Ensuring compliance with ACB  policies and  methodology, including  adherence to customer service  standards.
  • Lead and drive the implementation plans to quantify regulatory  impacts and implement actions to address,  manage  and mitigate  impacts  of regulatory changes  on the bank.
  • Ensure production of timely and effective AML, Sanctions, and Transaction  Monitoring-related management information  (“MI”)  and  other  applicable   information/reports to  the  Chief Risk Officer,  Management Risk & Compliance Committee  and to the Board.
  • Provide  leadership  and  support   in  the  preparation of monthly,  quarterly,  and  ad  hoc AML &  Sanctions  risk  assessment  reports   in   line  with   Management,   Board,   and   regulatory expectations.
  • Ensure adequate management information  systems  are in  place to facilitate  communication and decision  making.
  • Ensure smooth functioning  of day-to-day operations,  and report to the Chief Risk Officer  any exceptions,  together with  details  of any action  taken  to resolve  such exceptions.
  • Supervision of staff to ensure that business  targets  of the segment  are achieved.
  • Lead and motivate the assigned team  by displaying  strong integrity and business  ethics, so as to achieve the business strategy  of the Bank.
  • Proactive self-education  on existing  procedures and products.
  • Identify in  liaison  with  the  Head   Human   Resources  appropriate  on  the  job  training   and development programmes and to act as internal  resources for in-house  trainings.
  • Proactive self-education  on existing  procedures and products.
  • Participate  in  “In-house  “training  programmes and workshops


  • Bachelor’s degree or equivalent preferably in Law, Economics,  Finance,  Risk Management or related discipline from a reputable university.
  • ACAMS Certifications
  • A minimum of 8 years of experience in the banking industry or regulatory environment; with at least 5 years in AML/CFT, OFAC/ Economic Sanctions, &  Regulatory Compliance.
  • Significant experience in  Compliance Risk and  Operations  Management together with business  management, from a frontline  role in Commercial Banking.
  • Experience of dealing with regulatory  matters and confident  interaction with Management, Board,  and Regulators.
  • Strong grasp and  practical  knowledge of key regulatory trends  and  requirements e.g. FATCA,  ESG,  GDPR,  Data Governance.
  • Strong understanding of Corporate Governance and the Regulatory Environment
  • Strong analytical, problem solving and modelling  skills.
  • Ability to formulate business strategy and articulate it across all levels of the organization.
  • A proactive, tenacious and results oriented leader with great initiative.
  • Detailed knowledge  and understanding of wider  Bank issues and policies.


If you meet the above requirements and ready for great challenges

Email Covering letter and Your Curriculum vitae to

Deadline: June 28, 2024