Risk Manager
2025-05-08T18:36:32+00:00
VisionFund Tanzania Microfinance Bank Ltd
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https://www.greattanzaniajobs.com/jobs
FULL_TIME
P.O. Box 1546, Arusha
Arusha
Arusha
00000
Tanzania
Finance
Management
2025-05-23T17:00:00+00:00
Tanzania
8
Job Purpose
As part of VFT MFB’s Middle Management, the Risk Manager ensures strategic goals are achieved within the approved risk appetite by overseeing credit, operational, market, liquidity, compliance, ESG, and climate-related risks, in line with regulatory expectations. The role promotes a strong risk culture and protects the institution’s sustainability and reputation.
Main tasks
- Assist in conducting regular risk assessments across business units and identifying emerging risks.
- Monitor internal and external risk indicators and escalate material risk exposures.
- Analyze and interpret reports from accounting, loan tracking, and other MIS to identify potential credit and financial risks, reporting findings to VFT management.
- Coordinate and deliver risk-related staff training, building risk management capability across departments (credit, market, operational, and financial risks).
- Communicate and implement the Risk Management Framework to ensure staff are risk-aware and aligned with institutional expectations.
- Actively participate in regional and global Risk and Compliance forums set up by VFI to share best practices across MFIs.
- Identify, assess, and monitor compliance risks related to current and proposed business activities, including new products, systems, relationships, and operational expansions.
- Conduct and oversee periodic internal credit risk reviews to help management understand the causes of elevated credit risk.
- Collaborate with the Head of Risk and Compliance to update the stress testing model, and conduct quarterly stress testing and reporting
- Support the annual preparation of ILAAP and ICAAP reports in coordination with the Head of Risk and Compliance.
- Track, monitor, and report monthly on the organization’s Key Risk Indicators (KRIs)
- Assess the adequacy of internal policies and procedures; follow up on deficiencies, recommend improvements, and supervise corrective actions.
- Produce accurate and timely monthly risk reports for MRCC meetings and other stakeholders.
- Prepare and update the MFI’s Top Ten Risks list every month.
- Prepare the Monthly Credit Risk Analysis Report.
Required skills, knowledge, and abilities:
- University degree in a relevant subject (e.g. economics, business)
- Strong accounting/finance education and knowledge of loan and capital markets products
- Ability to communicate effectively in written and spoken English
- Quantitative orientation and a good eye for detail, with strong analytical skills
- Ability to manage dynamic priorities and work well under pressure
- Ability to write, present, and train others on risk-related materials
- A team player with the ability to build relationships across different departments and branches, and to influence positive change in working practices
- Proactive, goal-oriented, and self-motivated, with the ability to work with minimal supervision
- Commitment to the core values and mission of Vision Fund Tanzania MFB
- Ability to learn how to use new systems
- Ability to inspire and empower employees to use new systems and propose process improvements
- Strong working knowledge of MS Office and Loan Tracking Systems
Required experience:
- At least 4 years of experience in risk management in a bank or microfinance institution
- At least 2 years of experience in risk analysis or compliance, or internal audit
- Work experience of at least 2 years in staff supervision, including managing a team
- Strong experience in credit analysis, credit collateral, and the approval of loans
- Proven ability to assess, monitor, report, and address risks
- Strong experience in risk analysis, monitoring, and reporting
Preferred:
- Certification in Risk Management
- Experience in presenting reports to management
- Experience in a staff supervision role
Work environment:
- The office is based in Arusha. There is a requirement to travel around the country for various reviews up to 30% of the time.
Assist in conducting regular risk assessments across business units and identifying emerging risks. Monitor internal and external risk indicators and escalate material risk exposures. Analyze and interpret reports from accounting, loan tracking, and other MIS to identify potential credit and financial risks, reporting findings to VFT management. Coordinate and deliver risk-related staff training, building risk management capability across departments (credit, market, operational, and financial risks). Communicate and implement the Risk Management Framework to ensure staff are risk-aware and aligned with institutional expectations. Actively participate in regional and global Risk and Compliance forums set up by VFI to share best practices across MFIs. Identify, assess, and monitor compliance risks related to current and proposed business activities, including new products, systems, relationships, and operational expansions. Conduct and oversee periodic internal credit risk reviews to help management understand the causes of elevated credit risk. Collaborate with the Head of Risk and Compliance to update the stress testing model, and conduct quarterly stress testing and reporting Support the annual preparation of ILAAP and ICAAP reports in coordination with the Head of Risk and Compliance. Track, monitor, and report monthly on the organization’s Key Risk Indicators (KRIs) Assess the adequacy of internal policies and procedures; follow up on deficiencies, recommend improvements, and supervise corrective actions. Produce accurate and timely monthly risk reports for MRCC meetings and other stakeholders. Prepare and update the MFI’s Top Ten Risks list every month. Prepare the Monthly Credit Risk Analysis Report.
University degree in a relevant subject (e.g. economics, business) Strong accounting/finance education and knowledge of loan and capital markets products Ability to communicate effectively in written and spoken English Quantitative orientation and a good eye for detail, with strong analytical skills Ability to manage dynamic priorities and work well under pressure Ability to write, present, and train others on risk-related materials A team player with the ability to build relationships across different departments and branches, and to influence positive change in working practices Proactive, goal-oriented, and self-motivated, with the ability to work with minimal supervision Commitment to the core values and mission of Vision Fund Tanzania MFB Ability to learn how to use new systems Ability to inspire and empower employees to use new systems and propose process improvements Strong working knowledge of MS Office and Loan Tracking Systems
JOB-681cf9b0d3c34
Vacancy title:
Risk Manager
[Type: FULL_TIME, Industry: Finance, Category: Management]
Jobs at:
VisionFund Tanzania Microfinance Bank Ltd
Deadline of this Job:
Friday, May 23 2025
Duty Station:
P.O. Box 1546, Arusha | Arusha | Arusha | Tanzania
Summary
Date Posted: Thursday, May 8 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Job Purpose
As part of VFT MFB’s Middle Management, the Risk Manager ensures strategic goals are achieved within the approved risk appetite by overseeing credit, operational, market, liquidity, compliance, ESG, and climate-related risks, in line with regulatory expectations. The role promotes a strong risk culture and protects the institution’s sustainability and reputation.
Main tasks
- Assist in conducting regular risk assessments across business units and identifying emerging risks.
- Monitor internal and external risk indicators and escalate material risk exposures.
- Analyze and interpret reports from accounting, loan tracking, and other MIS to identify potential credit and financial risks, reporting findings to VFT management.
- Coordinate and deliver risk-related staff training, building risk management capability across departments (credit, market, operational, and financial risks).
- Communicate and implement the Risk Management Framework to ensure staff are risk-aware and aligned with institutional expectations.
- Actively participate in regional and global Risk and Compliance forums set up by VFI to share best practices across MFIs.
- Identify, assess, and monitor compliance risks related to current and proposed business activities, including new products, systems, relationships, and operational expansions.
- Conduct and oversee periodic internal credit risk reviews to help management understand the causes of elevated credit risk.
- Collaborate with the Head of Risk and Compliance to update the stress testing model, and conduct quarterly stress testing and reporting
- Support the annual preparation of ILAAP and ICAAP reports in coordination with the Head of Risk and Compliance.
- Track, monitor, and report monthly on the organization’s Key Risk Indicators (KRIs)
- Assess the adequacy of internal policies and procedures; follow up on deficiencies, recommend improvements, and supervise corrective actions.
- Produce accurate and timely monthly risk reports for MRCC meetings and other stakeholders.
- Prepare and update the MFI’s Top Ten Risks list every month.
- Prepare the Monthly Credit Risk Analysis Report.
Required skills, knowledge, and abilities:
- University degree in a relevant subject (e.g. economics, business)
- Strong accounting/finance education and knowledge of loan and capital markets products
- Ability to communicate effectively in written and spoken English
- Quantitative orientation and a good eye for detail, with strong analytical skills
- Ability to manage dynamic priorities and work well under pressure
- Ability to write, present, and train others on risk-related materials
- A team player with the ability to build relationships across different departments and branches, and to influence positive change in working practices
- Proactive, goal-oriented, and self-motivated, with the ability to work with minimal supervision
- Commitment to the core values and mission of Vision Fund Tanzania MFB
- Ability to learn how to use new systems
- Ability to inspire and empower employees to use new systems and propose process improvements
- Strong working knowledge of MS Office and Loan Tracking Systems
Required experience:
- At least 4 years of experience in risk management in a bank or microfinance institution
- At least 2 years of experience in risk analysis or compliance, or internal audit
- Work experience of at least 2 years in staff supervision, including managing a team
- Strong experience in credit analysis, credit collateral, and the approval of loans
- Proven ability to assess, monitor, report, and address risks
- Strong experience in risk analysis, monitoring, and reporting
Preferred:
- Certification in Risk Management
- Experience in presenting reports to management
- Experience in a staff supervision role
Work environment:
- The office is based in Arusha. There is a requirement to travel around the country for various reviews up to 30% of the time.
Work Hours: 8
Experience in Months: 48
Level of Education: bachelor degree
Job application procedure
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