Background

Cooperative Bank Tanzania Plc (Coop Bank) officially commenced operations on October 1, 2024, following a nationwide cooperative movement aimed at capital mobilization and the strategic merger of Kilimanjaro Cooperative Bank and Tandahimba Community Bank. The bank’s mandate is focused on transforming the financial landscape of Tanzania. Coop Bank is dedicated to enhancing financial inclusion by providing access to banking services for cooperatives, farmers, and unbanked populations. Additionally, the bank plans to leverage technology and innovation to improve service outreach and operational efficiency. Coop Bank Tanzania was formally launched in April 2025 and operates with a strong commitment to commercial principles, while prioritizing the needs of its cooperative members and the broader community. In line with its growth strategy, Coop Bank Tanzania invites applications from suitably qualified and experienced candidates to strengthen its senior management team by filling the following seven (7) executive positions: Director of Legal Services and Company Secretary, Director of Internal Audit, Director of Technology and Operations, Director of Human Resource and Administration, Director of Business and Personalized Banking, Director of Cooperative Banking, Director of Credit. The seven (7) senior executive roles will report directly to the Chief Executive Officer. The selection process for these positions is highly competitive, and the appointment of any candidate will be contingent upon a rigorous independent selection process, which includes fit and proper checks.

Role purpose

Provide strategic leadership and independent, risk-based assurance over the Bank’s governance, risk management and internal control environment, while safeguarding the independence, objectivity and quality of the Internal Audit function.

Key responsibilities

The successful candidate will:

• Develop and execute the Bank’s Internal Audit strategy, charter and risk-based audit plan.
• Lead financial, treasury, credit and business-process audits.
• Provide assurance over technology, cybersecurity, governance and regulatory compliance.
• Ensure timely, high-quality audit reporting and follow-up of significant findings.
• Maintain the independence, objectivity and quality assurance of the Internal Audit function.
• Provide strategic assurance and advice to the Board and relevant Board Committees and engage effectively with Management, regulators and external auditors.

Qualifications & experience

• Bachelor’s degree in Accounting, Finance, Banking, Economics, Business Administration, Commerce or related discipline; relevant Master’s degree/MBA is an added advantage.
• A relevant professional qualification such as CPA or ACCA together with relevant professional membership/registration, including NBAA registration where applicable.
• Minimum 5 years’ progressive professional experience, including at least 3 years in senior management or executive leadership, preferably within a regulated financial institution.
• Demonstrated experience in internal audit, risk-based assurance, banking controls and Audit Committee reporting.

Key competencies

Risk-based auditing, internal controls, banking and IT audit, fraud investigation, regulatory assurance, audit analytics, governance, quality assurance, integrity, independence and executive stakeholder engagement.

• Develop and execute the Bank’s Internal Audit strategy, charter and risk-based audit plan.
• Lead financial, treasury, credit and business-process audits.
• Provide assurance over technology, cybersecurity, governance and regulatory compliance.
• Ensure timely, high-quality audit reporting and follow-up of significant findings.
• Maintain the independence, objectivity and quality assurance of the Internal Audit function.
• Provide strategic assurance and advice to the Board and relevant Board Committees and engage effectively with Management, regulators and external auditors.

• Risk-based auditing
• internal controls
• banking and IT audit
• fraud investigation
• regulatory assurance
• audit analytics
• governance
• quality assurance
• integrity
• independence
• executive stakeholder engagement

• Bachelor’s degree in Accounting, Finance, Banking, Economics, Business Administration, Commerce or related discipline
• relevant Master’s degree/MBA is an added advantage
• A relevant professional qualification such as CPA or ACCA together with relevant professional membership/registration, including NBAA registration where applicable
• Minimum 5 years’ progressive professional experience, including at least 3 years in senior management or executive leadership, preferably within a regulated financial institution
• Demonstrated experience in internal audit, risk-based assurance, banking controls and Audit Committee reporting