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Chief Manager, Risk & Compliance

 
Application deadline
2017-08-05
Business / Employer name
DCB Commercial Bank Plc
Job categories
  • Accounting & Bookkeeping
  • Banking & Finance
Job Role
Experienced
Position Type
Full Time
Organization Type
Private Sector
Location
Kinondoni, Magomeni Dar Es Salaam
Description
Daily News 21/7/2017
DCB Commercial Bank Plc is a private Commercial Bank dedicated at uplifting the standard of living of low, middle and corporate - income people in Tanzania. The bank is registered under the Companies Act, 2002 as amended from time to time) and licensed by the Bank of Tanzania under the Banking and Financial Institutions Act, 2006.
The Bank invites applications from suitably qualified and skilled persons to fill the following available vacancies:
The Chief Manager - Risk & Compliance
The Chief Manager - Risk & Compliance is responsible to the Managing Director and is the overall In-charge of Risk & Compliance Department. He/she supervises:
• Loan Monitoring and Recovery Manager

• Senior Risk and Compliance Officer
Duties and Responsibilities
• Develop and implement the Risk and Compliance Management Framework.
• Develop risk assessment and measurement system.
• Identify current and emerging risks in the daily operations of the Bank.
• Monitor the potential risks on a daily basis and brief the Managing Director on any situation that needs prompt action.
• Develop risk tolerance limits for the bank's Management and Board approval and periodic review of same.
• Monitor positions against approved risk tolerance limits.
• Coordinate development and review of policies periodically to ensure they adequately address the Bank's exposure to the risks for approval by
the Board.
• Develop risk alerts and for risk identification inherent in all the business units in the Banks.
• Develop and maintain regulatory awareness amongst all staff.
• Monitor market, economic and financial trends both within and outside the Bank and their impacts, and advise management on how to minimize risk exposure.
• Coordinate development of risk monitoring and control measures in all business units in the Bank.
• Carry out researches and due diligence analysis of other banks and financial institutions risk management issues to ensure that the Bank is not left behind by : other peers.
• Carry out analysis of the risks associated with new products, processes and systems to determine the Bank's ability to manage those risks before venturing into it and provide guidance on what to do to minimize exposure.
• Prepare periodical reports to guide and assist the Management in understanding the Bank's level of exposure to risks for proper and strategic mitigating interventions.
• Conduct periodic reviews to assess compliance with Bank's policies, procedures and tolerance limits by all departments and report the same to the Managing Director for action.

• Create awareness to all staff in the Bank on risk management practices.
• Arrange for departmental staff development and training for improved performance of the Bank.
• Conduct periodic performance appraisal of all direct reports.
• Perform any other related duties assigned by the Managing Director.
Qualifications, Knowledge and Experience:
• Must possess Masters degree/First degree in Risk Management Finance, Banking,
• Law, Economics or equivalent plus Risk and Compliance Certification from accredited institutions;
• Must have proven management and administrative experience of not less than three years at senior management position in a reputable organization;
• Good working knowledge of Microsoft Office Applications, specifically Excel, Word; and banking systems software;
• Good analytical and management skills;
• Strong interpersonal and communication skills.
• Ability to work under pressure with strict deadlines and limited supervision


Applications should include the following:
• Letter of application or hand-signed by the applicant indicating contact addresses including telephone numbers and email addresses;
• Professionally prepared detailed curriculum vitae;
• Certified photocopies of relevant academic certificates;
• Names of at least two referees with complete contact addresses, telephone numbers and email addresses.
Applications should be sent to the following address:
The Managing Director
DCB Commercial Bank PLC

DCB House
Magomeni Mwembechai
Morogoro Road
P.O. Box 19798
DAR ES SALAAM
Closing Date:
Deadline for submission of applications: 5th August 2017. Only short listed candidates will be contacted.

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