Anti-Money Laundering (AML) and Sanctions Manager At Exim Bank Tanzania

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Dec 4, 2025 - 07:01

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Anti-Money Laundering (AML) and Sanctions Manager At Exim Bank Tanzania

Anti-Money Laundering (AML) and Sanctions Manager

Exim Bank Tanzania

Dar es salaam

Location: Corporate Office
Experience: 5–7 years
Posted: 02-Dec-2025
Key Words: Risk and Compliance

Job Description

The AML and Sanctions Manager is responsible for overseeing and enhancing the bank’s AML and Sanctions framework, including Anti–Money Laundering (AML), Counter-Terrorist Financing (CTF), and Sanctions. The role ensures the bank meets all regulatory obligations and operates effective systems and controls to prevent and detect financial crime.

Roles & Responsibilities

Principal Accountabilities

Develop, implement, and maintain the bank’s AML and Sanctions policies, procedures, and risk assessment frameworks to ensure robust governance, regulatory compliance, and effective mitigation of financial crime risks.
Lead the annual enterprise-wide AML/CTF and sanctions risk assessments, ensuring a comprehensive evaluation of inherent risks, control effectiveness, and overall financial crime risk exposure across the bank.
Align policies, controls, and practices with FATF recommendations and internal standards to strengthen the bank’s financial crime prevention framework.
Ensure key changes to financial crime-related laws, rules, and regulations are timely communicated and cascaded to the respective businesses/functions.
Build and maintain an effective and constructive relationship with business and functional stakeholders based on trust, capability, and integrity, providing timely and quality financial crime-related advice to support the bank’s strategic objectives.
Within the Enterprise Risk Management Framework, establish and maintain an appropriate risk-based compliance framework for identifying, assessing, managing, mitigating, and reporting financial crime risks across the bank.
Design and monitor programs intended to detect, investigate, and report potentially suspicious transactions or violations of laws, regulations, policies, and procedures. Maintain an updated STR register.
Oversee transaction monitoring alerts, conduct thorough investigations, and ensure timely completion and submission of Suspicious Activity/Transaction Reports (SARs/STRs) in line with regulatory and internal requirements.
Review escalated cases to ensure required standards of quality, timeliness, and regulatory compliance, providing guidance for effective decision-making and risk mitigation.
Oversee KYC onboarding, periodic reviews, and enhanced due diligence (EDD) for high-risk customers.
Ensure strict adherence to beneficial ownership verification, PEP screening, and Customer Due Diligence (CDD) documentation standards to meet regulatory requirements and reduce financial crime risks.
Oversee sanctions screening processes (customers, transactions, trade, payments).
Review and approve sanctions escalations, offering expert guidance on sanctions-related risks to ensure regulatory compliance and minimize exposure.
Ensure effective sanctions list updates, alert tuning, and internal restrictions.
Track and advise relevant stakeholders on interpretation and application of regulatory expectations, laws, best practices, and financial crime policies.
Participate in new product and service approval processes, ensuring appropriate financial crime controls.
Act as the primary liaison for regulators, auditors, and law enforcement bodies.