Selcom Microfinance Bank Tanzania is inviting applications from confident, self-motivated and ambitious professionals for the position of Risk and Compliance Officer. The successful candidate will join the Bank’s Risk and Compliance team and contribute to effective risk management, regulatory compliance and internal control activities.
This opportunity is suitable for professionals with banking experience who are interested in developing their careers in risk management, compliance, audit and related areas. Selcom Microfinance Bank also highlights opportunities for career growth, training and mentorship as part of the employee development environment.
Risk and Compliance Officer Job Overview
- Position: Risk and Compliance Officer
- Employer: Selcom Microfinance Bank Tanzania
- Department: Risk and Compliance
- Experience: Minimum 2 years of relevant banking experience
- Education: Bachelor’s Degree
- Application Deadline: 29 September 2026
Why Work at Selcom Microfinance Bank?
The Bank offers an environment designed to support professional development and career progression. Employees in this role can benefit from:
- Career growth opportunities within the Risk and Compliance Department
- Comprehensive training and mentorship programmes
- Competitive remuneration
- Exposure to banking risk management and compliance activities
- Opportunities to strengthen professional knowledge in regulatory and risk-related areas
Job Description
The Risk and Compliance Officer will support the implementation of risk and compliance activities across the Bank. The position involves identifying and assessing risks, monitoring key risk areas, supporting AML/KYC compliance, reviewing internal controls and following up on outstanding issues identified through various bank reports.
Moreover, the officer will work with senior members of the Risk and Compliance team to ensure that risks are appropriately assessed, monitored and addressed in line with the Bank’s procedures and regulatory requirements.
Duties and Responsibilities
The Risk and Compliance Officer will be responsible for the following:
- Participate in the identification, assessment and analysis of different types of risks across the Bank through quarterly and annual risk assessment discussions with departments.
- Assist the Senior Risk and Compliance Officer in managing identified risks, with emphasis on key risk indicators, business-unit risk profiles and risk reporting.
- Implement the Risk and Compliance unit plan in line with business objectives and provide assurance on the effectiveness of internal controls.
- Assist Senior Risk and Compliance Officers in evaluating risks and determining areas of highest exposure for the implementation of appropriate mitigating controls.
- Perform AML risk assessments in accordance with the Bank’s AML/KYC policy.
- Conduct monitoring reviews of key risk areas, including AML, KYC, account opening, dormant account reactivations, agent banking and mobile banking.
- Communicate monitoring outcomes to the Senior Risk and Compliance Officer.
- Conduct staff training on AML/KYC regulatory requirements to help strengthen a risk-aware culture.
- Independently conduct assigned reviews with minimum supervision and in accordance with Risk and Compliance procedures.
- Conduct counterparty risk assessments before onboarding new counterparties and continue monitoring their performance.
- Follow up on the closure of issues raised through different bank reports, including external audit or examination reports and internal audit reports.
Qualifications and Requirements
Applicants should meet the following requirements:
- A minimum of two years of experience working in a bank, particularly in Risk and Compliance, audit or another related field.
- At least a Bachelor’s Degree, preferably in Accounting, Business Administration, Finance, Risk Management or a related area.
- High levels of honesty, integrity and independence, together with a commitment to professional ethics.
- Professional qualifications in risk management, compliance, CAMS or CFE will be an added advantage.
- Ability to prioritize tasks according to their importance to the Bank’s operations and strategic objectives.
- Willingness and ability to learn and improve continuously.
- Substantial understanding of audit and risk management methodologies.
- Understanding of regulatory requirements relating to information security, privacy and/or data security.
Skills, Knowledge and Abilities
The position requires a professional who can manage several responsibilities while maintaining accuracy and sound judgment. Key capabilities include:
- Ability to manage multiple complex priorities and competing agendas without direct authority over delivery teams.
- Ability to interpret and apply policies and regulations within a large and complex business environment.
- Strong analytical aptitude, including investigative, methodical and critical questioning skills.
- Logical thinking and data-driven decision-making.
- Strong interpersonal skills for interacting with leaders at different levels.
- Ability to facilitate effective team interactions.
- A methodical approach to reviewing information, identifying issues and reaching logical conclusions.
Who Can Apply?
The opportunity is intended for professionals who have relevant banking experience and a strong interest in risk and compliance. Candidates with backgrounds in Risk and Compliance, audit or related banking functions are encouraged to apply.
Additionally, applicants should demonstrate integrity, independence, analytical ability and a willingness to continuously develop their knowledge. Professional certifications such as risk management, compliance, CAMS or CFE can strengthen an application, although the advert identifies these qualifications as an added advantage.
How to Apply
Interested and qualified candidates should prepare and submit:
- An updated CV
- Updated academic certificates and relevant professional certifications, where applicable
- A motivation letter
The motivation letter should include a summary of the applicant’s achievements in their current position.
Applications should be submitted by email to:
Applicants should ensure that their application clearly demonstrates their relevant banking experience, educational background, professional qualifications and achievements.
Application Deadline
The deadline for submitting applications for the Risk and Compliance Officer position at Selcom Microfinance Bank Tanzania is 29 September 2026.
Candidates are encouraged to submit their applications before the closing date to avoid missing the opportunity.
Final Thought
The Risk and Compliance Officer position provides an opportunity for an experienced banking professional to contribute to risk identification, regulatory compliance, internal controls, AML/KYC monitoring and broader risk management activities. Candidates who meet the stated qualifications and can demonstrate relevant experience, analytical ability, integrity and a commitment to continuous learning can consider submitting their applications before the deadline.
Selcom Microfinance Bank Tanzania is an equal opportunities employer.
