Job Purpose

The role is responsible for overseeing regulatory reporting to the Bank of Tanzania and other regulatory authorities with applicable laws, regulations, prudential guidelines and reporting standards; while supporting capital reporting and group consolidation activities. The role supports the Bank's regulatory compliance framework by ensuring accuracy, completeness, consistency, and timeliness of all regulatory returns. The position plays a key role in monitoring regulatory developments, assessing the impact of new regulations, coordinating implementation of regulatory reporting changes, strengthening reporting controls, supporting regulatory automation initiatives, and providing expert guidance on prudential reporting requirements. The Senior Specialist will collaborate with multiple stakeholders across Finance, Risk, Treasury, Credit, Operations, ICT, Internal Audit, and regulators to ensure adherence to evolving regulatory expectations and reporting obligations.

Principle Responsibilities

• Prepare, review, validate, and submit all regulatory reports on a daily, bi-weekly, and monthly within prescribed timelines.
• Ensure completeness, accuracy, consistency, and compliance of all reports submitted to regulatory authorities.
• Perform detailed reconciliations between regulatory reports and source systems, including General Ledger, Trial Balance, Risk, Treasury, and Credit systems.
• Maintain comprehensive and auditable documentation supporting all regulatory submissions.
• Submit the monthly capital position to the Senior Manager, Capital and Balance Sheet Management.
• Consolidate subsidiary reports for group level reporting.
• Monitor emerging regulatory requirements, circulars, directives, guidelines, and supervisory expectations issued by the Bank of Tanzania and other relevant authorities.
• Assess the impact of regulatory changes on the Bank's reporting obligations and coordinate implementation activities.
• Provide regulatory reporting guidance and interpretation to internal stakeholders and participate in industry engagements and regulatory consultations where required.
• Support preparation and validation of Capital Adequacy, Liquidity Ratios, Asset Quality Reports, FX Exposure Reports, Leverage Ratio, and other prudential returns.
• Assist in performing ICAAP, ILAAP, stress testing, sensitivity analysis, and regulatory capital assessments.
• Monitor compliance with regulatory ratios, limits, and prudential requirements and escalate breaches promptly.
• Develop and maintain robust controls over regulatory reporting processes.
• Conduct data quality reviews and investigate reporting exceptions and variances.
• Ensure proper governance over regulatory reporting data sources and reporting methodologies.
• Support remediation of regulatory findings, audit observations, and control weaknesses.
• Collaborate with ICT, MIS, DWH, and business teams to automate regulatory reporting processes, participate in regulatory reporting system enhancements and testing activities, and support implementation of regulatory reporting solutions and data integration projects.
• Drive efficiencies through process optimization, standardization, and digitization initiatives.
• Ensure timely submission of abandoned property returns and other statutory disclosures, support compliance with all relevant regulatory reporting obligations and reporting calendars, and maintain up-to-date regulatory reporting procedures, methodologies, and operating manuals.

Qualifications Required

• Bachelors degree in accounting, Finance, Economics, Statistics, Mathematics, Banking, Business Administration, Information Systems, Data Analytics, or other related fields.
• Minimum of 3 years experience in regulatory reporting, financial reporting, risk reporting, finance, audit, banking operations, or related functions within the banking or financial services industry.
• Professional qualifications such as CPA(T), ACCA, CFA, or equivalent will be an added advantage.
• Experience with banking systems, data warehousing, and reporting automation initiatives is an added advantage.
• Practical experience in preparation and submission of regulatory returns to Bank of Tanzania or similar regulatory authorities is highly desirable.
• Strong understanding of Bank of Tanzania regulations, prudential guidelines, and reporting requirements.
• Knowledge of Basel II&III requirements, Capital Adequacy, Liquidity Risk Management, ICAAP, ILAAP, and other regulatory frameworks.
• Strong analytical, problem-solving, and data interpretation skills, and ability to review large datasets and identify anomalies, inconsistencies, and reporting risks.
• Excellent communication, stakeholder management, and presentation skills, and strong project coordination and change management capabilities.
• Proficiency in data analysis and reporting tools, demonstrated integrity, accountability, and attention to detail, and ability to work under pressure and meet strict regulatory deadlines.

• Prepare, review, validate, and submit all regulatory reports on a daily, bi-weekly, and monthly within prescribed timelines.
• Ensure completeness, accuracy, consistency, and compliance of all reports submitted to regulatory authorities.
• Perform detailed reconciliations between regulatory reports and source systems, including General Ledger, Trial Balance, Risk, Treasury, and Credit systems.
• Maintain comprehensive and auditable documentation supporting all regulatory submissions.
• Submit the monthly capital position to the Senior Manager, Capital and Balance Sheet Management.
• Consolidate subsidiary reports for group level reporting.
• Monitor emerging regulatory requirements, circulars, directives, guidelines, and supervisory expectations issued by the Bank of Tanzania and other relevant authorities.
• Assess the impact of regulatory changes on the Bank's reporting obligations and coordinate implementation activities.
• Provide regulatory reporting guidance and interpretation to internal stakeholders and participate in industry engagements and regulatory consultations where required.
• Support preparation and validation of Capital Adequacy, Liquidity Ratios, Asset Quality Reports, FX Exposure Reports, Leverage Ratio, and other prudential returns.
• Assist in performing ICAAP, ILAAP, stress testing, sensitivity analysis, and regulatory capital assessments.
• Monitor compliance with regulatory ratios, limits, and prudential requirements and escalate breaches promptly.
• Develop and maintain robust controls over regulatory reporting processes.
• Conduct data quality reviews and investigate reporting exceptions and variances.
• Ensure proper governance over regulatory reporting data sources and reporting methodologies.
• Support remediation of regulatory findings, audit observations, and control weaknesses.
• Collaborate with ICT, MIS, DWH, and business teams to automate regulatory reporting processes, participate in regulatory reporting system enhancements and testing activities, and support implementation of regulatory reporting solutions and data integration projects.
• Drive efficiencies through process optimization, standardization, and digitization initiatives.
• Ensure timely submission of abandoned property returns and other statutory disclosures, support compliance with all relevant regulatory reporting obligations and reporting calendars, and maintain up-to-date regulatory reporting procedures, methodologies, and operating manuals.

• Strong analytical, problem-solving, and data interpretation skills
• Ability to review large datasets and identify anomalies, inconsistencies, and reporting risks
• Excellent communication, stakeholder management, and presentation skills
• Strong project coordination and change management capabilities
• Proficiency in data analysis and reporting tools
• Demonstrated integrity, accountability, and attention to detail
• Ability to work under pressure and meet strict regulatory deadlines

• Bachelors degree in accounting, Finance, Economics, Statistics, Mathematics, Banking, Business Administration, Information Systems, Data Analytics, or other related fields.
• Minimum of 3 years experience in regulatory reporting, financial reporting, risk reporting, finance, audit, banking operations, or related functions within the banking or financial services industry.
• Professional qualifications such as CPA(T), ACCA, CFA, or equivalent will be an added advantage.
• Experience with banking systems, data warehousing, and reporting automation initiatives is an added advantage.
• Practical experience in preparation and submission of regulatory returns to Bank of Tanzania or similar regulatory authorities is highly desirable.
• Strong understanding of Bank of Tanzania regulations, prudential guidelines, and reporting requirements.
• Knowledge of Basel II&III requirements, Capital Adequacy, Liquidity Risk Management, ICAAP, ILAAP, and other regulatory frameworks.