Risk Management (35%)

• Conduct Risk assessments and recommend appropriate remedial plan on identified gaps.
• Monitoring of Risk registers from Risk Control Self-Assessment (RCSAs) and provide status to Senior Risk Management and compliance officer.
• Monitoring Key Risk Indicators and align with process owner on the mitigation strategies and timeframe.
• Carry out different review assignments in accordance with the Risk and Compliance policy and procedures to determine areas of highest exposure with intent to improve risk exposures.

Regulatory Compliance (35%)

• Monitoring of Regulatory Returns to ensure accuracy of reports and timely submission to Bank of Tanzania and other regulatory agencies.
• Perform different review assignments to establish compliance with laws, regulations, circulars, to ensure FINCA Microfinance bank is adhering to regulatory requirements
• Conduct monitoring review of key Compliance risk areas including but not limited to credit portfolio review, collateral management, documentation, consumer protection compliance, AML, KYC, Account opening, Dormant account reactivations, Agent Banking, Mobile Banking and transactions monitoring.
• Ensure Regulatory compliance library is up to date and internal PEP list is regularly updated.
• Evaluate policies and operational procedures to ensure they comply with regulations and applicable laws of the Bank of Tanzania; where inconsistencies are found, propose for immediate changes.
• Conduct monitoring of suspicion transactions for subsequent AML reporting and follow up to ensure staff completed AML training.
• Coordinate with the office of a Legal Counsel for new enacted Laws /amendments and subsequent Regulations that affect FINCA banking business and monitor implementation thereof.
• Monitoring of compliance of Subsidiary General Policies Manual (SGPM) and its appendices as updated from time to time, where the Tanzanian local laws contradict with SPM immediately propose changes to ensuring local laws supersede the SPM

Reporting (20%)

• Timely prepare and submit accurate Risk and Compliance assessment reports within the approved assessment schedule.
• Prepare monthly Risk and Compliance activities Report and submission to senior Risk Management and Compliance officer.

Training. (10%)

• Regularly conduct training to staff on compliance with applicable laws, regulations and new or upcoming compliance requirements.
• During the Risk and Compliance assessment, provide guidance and conduct coaching to staff in some of the areas of weakness that have been identified.