Senior Officer Risk and Compliance at PASS Trust Tanzania

The Senior Officer Risk and Compliance is responsible for overseeing risk management tasks for the Trust and its subsidiaries, ensuring adherence to policies, procedures, and regulatory requirements. The officer will conduct periodic reviews to assess compliance with the Trust’s policies and procedures across all departments, reporting findings to the supervisor. The role also involves working closely with all areas of the business to promote a positive risk and compliance culture, ensuring effective risk management, and compliance with policies, procedures, and laws governing the operations of the Trust and its subsidiaries.

Main Responsibilities

• Facilitate and ensure that the PASS Trust and its subsidiaries’ risks are assessed and risk management strategies are developed.
• Conduct risk assessments for all new products being developed and regularly assess the Trust and its subsidiaries’ existing products (at least every 2 years).
• Ensure that risk management documents (e.g., risk management framework, manual, registers, business continuity plan, and disaster recovery plan) are developed, updated, and kept current at all times.
• Identify compliance issues that require follow-up or investigation and discuss emerging compliance issues with management and employees.
• Develop and implement improvements in communication, monitoring, or enforcement of compliance standards.
• Advise management and business partners on the implementation or operation of compliance programs.
• Monitor the performance of credit guarantee portfolios from partner banks, leasing products, and other financial institutions.
• Recommend remedial or appropriate actions to address deteriorating credit guarantee portfolios identified through early warning signals during credit review processes.
• Participate in the review of credit guarantee policies, procedures, and the updating of the credit guarantee manual.
• Provide employee training on risk and compliance-related topics, policies, and procedures.
• Raise violations of compliance or regulatory standards to the internal audit manager.
• Collaborate with the human resources unit to ensure consistent disciplinary actions are applied in cases of violation of compliance requirements.
• Perform any other related duties assigned by the supervisor from time to time.

Academic Qualifications

• A bachelor’s degree in Business Administration, Finance, Accounting, Banking, Economics, Commerce, Actuarial Science, Risk Management, Statistics, or any related field from a recognized institution.
• Professional qualifications in risk and compliance management, such as Certification in Risk Management (e.g., Certified Enterprise Risk Manager (CERM), CIA, CISA, CPAT, ACCA), is desirable.

Experience & Skills

• Minimum of four (4) years of demonstrated experience in risk and compliance management in the financial services industry.
• Knowledge of banking, SME operations, or agricultural finance is an added advantage.
• Strong understanding of risk and compliance management principles, risk assessment techniques, and regulatory requirements.
• Deep knowledge of credit sanctions, their associated risks, and measures to mitigate those risks.
• Knowledge of risk management, credit analysis techniques, and credit underwriting, with specialization in agricultural financing.
• Excellent written and verbal communication skills.
• Strong analytical and critical thinking abilities.
• Exceptional organizational and planning skills.
• Detail-oriented with thoroughness in conducting risk and compliance checks, ensuring the accuracy and completeness of findings.
• Proficiency in Microsoft Office applications, particularly in Excel for data analytics.
• Ability to maintain discretion and confidentiality.
• High ethical standards, integrity, and a commitment to upholding professional conduct.
• Proactive, flexible, and adaptable, with the ability to thrive in a dynamic and fast-paced environment.