Mkombozi Commercial Bank (MKCB) PLC was established in 2009 as an initiative of the Tanzania Episcopal Conference (TEC). Its primary mission is to provide high-quality financial services with integrity, specifically targeting small and medium-sized enterprises (SMEs), SACCOS, social institutions like schools and hospitals, and emerging Tanzanian businesses. While it has strong roots in the Catholic Church, the bank operates as a public entity, listed on the Dar es Salaam Stock Exchange (DSE), and serves customers of all religious persuasions across Tanzania.

The bank offers a comprehensive suite of products including savings and current accounts, microfinance and mortgage loans, and insurance services. To enhance accessibility, Mkombozi has expanded its footprint to 12 branches across major regions such as Dar es Salaam, Mwanza, Arusha, and Dodoma, supported by a network of over 500 “Mkombozi Wakala” agents. It has also modernized its operations with digital solutions like mobile banking, internet banking, and specialized platforms like “Sadaka Digital” to cater to the evolving needs of its community-focused and corporate clientele.

Job Summary

The Compliance Officer will be responsible for developing and implementing a risk-based compliance monitoring program, as well as identifying, assessing, monitoring, and reporting all material compliance risks.

Principal Duties and Responsibilities

• Maintain the regulatory correspondence tracker and follow up on timely responses and submissions.
• Coordinate timely and accurate submission of regulatory returns and reports.
• Monitor compliance with AML/CFT/CPF requirements, including customer screening and transaction monitoring.
• Coordinate and monitor compliance with the Personal Data Protection Act, 2022, and applicable regulations, including oversight of data protection obligations and related reporting.
• Coordinate and monitor implementation of the Bank’s ESG framework, regulatory requirements, and related reporting obligations.
• Conduct periodic risk-based compliance reviews across the bank’s operations and branches.
• Track implementation of corrective actions arising from regulatory examinations and compliance reviews.
• Monitor regulatory changes and coordinate their timely implementation.
• Provide compliance guidance and advisory support to departments and branches.
• Identify, document, and escalate compliance breaches and follow up on corrective action.
• Maintain the Bank’s policy register and coordinate timely review and updates with respective policy owners.
• Assess regulatory compliance requirements for new products, services, and business processes.
• Perform any other duties as may be assigned from time to time.

Education and Qualification Requirements

• University Degree or Advanced Diploma from a recognized institution.
• Good Communication Skills.
• Good knowledge of corporate governance compliance requirements (policy, procedures, etc.) underlying the banking industry.
• Strong analytical and problem-solving skills.
• At least 2 years of relevant experience in banking or compliance.

• Maintain the regulatory correspondence tracker and follow up on timely responses and submissions.
• Coordinate timely and accurate submission of regulatory returns and reports.
• Monitor compliance with AML/CFT/CPF requirements, including customer screening and transaction monitoring.
• Coordinate and monitor compliance with the Personal Data Protection Act, 2022, and applicable regulations, including oversight of data protection obligations and related reporting.
• Coordinate and monitor implementation of the Bank’s ESG framework, regulatory requirements, and related reporting obligations.
• Conduct periodic risk-based compliance reviews across the bank’s operations and branches.
• Track implementation of corrective actions arising from regulatory examinations and compliance reviews.
• Monitor regulatory changes and coordinate their timely implementation.
• Provide compliance guidance and advisory support to departments and branches.
• Identify, document, and escalate compliance breaches and follow up on corrective action.
• Maintain the Bank’s policy register and coordinate timely review and updates with respective policy owners.
• Assess regulatory compliance requirements for new products, services, and business processes.
• Perform any other duties as may be assigned from time to time.

• Good Communication Skills
• Good knowledge of corporate governance compliance requirements (policy, procedures, etc.) underlying the banking industry
• Strong analytical and problem-solving skills

• University Degree or Advanced Diploma from a recognized institution
• At least 2 years of relevant experience in banking or compliance