Head of Internal Controls Job Opportunity at Equity Bank Tanzania

Head of Internal Controls Job Opportunity at Equity Bank Tanzania

Head of Internal Controls

Equity Bank Tanzania Limited

Dar es Salaam

Equity Bank Tanzania Limited, is a commercial bank in Tanzania

There is one vacancy for this position.

The Application Deadline is 10th October, 2025.

Basic Purpose

The primary goal of this role is to develop, implement, and maintain effective internal control procedures and processes. This is done to identify risks, evaluate controls, and ensure compliance with regulatory requirements and bank policies.

Key responsibilities include performing internal control reviews, identifying and documenting control gaps, collaborating on remediation efforts, conducting risk assessments, overseeing audit activities, managing the internal control team, and providing training to staff on control principles.

Main Duties and Responsibilities

The Head of Internal Controls will be responsible for the following:

• Strategy: Develop, cascade, and monitor the implementation of the internal control strategy and work plans/activity plans aligned with the overall bank strategy.
• Develop and Implement Controls: Design, implement, and enhance internal control systems and procedures to manage risks and ensure compliance with bank procedures and designed controls, including management of internal accounts and batch proofing.
• Risk Assessment and Management: Work with Risk, Audit, and other stakeholders to oversee risk assessment processes and self-assessments to identify, mitigate, and monitor potential risks to the organization.
• Team Leadership and Development: Lead, mentor, and develop the internal control team, fostering a culture of continuous learning and ensuring high-quality execution of testing and assurance plans.
• Compliance Monitoring: Ensure staff and the bank’s operations adhere to all applicable laws,
• regulations, and internal policies through regular checks and monitoring.
  Reporting: Prepare and present detailed reports on control and the control environment and action plans to senior management.
• Training and Awareness: Provide guidance, training, and awareness programs to staff on internal control best practices and compliance obligations.
• Collaboration: Work closely with Risk Management, Compliance, and other control functions to ensure consistent application of control standards and the effective reduction of operational risks and errors.
• Fraud Control: Implement and oversee fraud control measures across business operations to protect against irregularities and fraud.

Knowledge, Skills, and Experience

• Education: A degree in accounting, finance, or a related business field from a recognised university.
• Work Experience: A minimum of 8 years of experience in audit, internal control, compliance, risk management, or a related field, 5 of which should have been at a Supervisory level.

Skills:

• Strong understanding of financial processes and controls.
• Experience in risk assessment, internal audit, and regulatory compliance.
• Ability to work independently with a high degree of initiative/Proactivity.
• Leadership and team-building skills to manage a department.
• Excellent communication skills to report findings and advise management.

Qualifications:

• Professional qualifications such as CPB, CFA, CPA, or ACCA are often an advantage.

Reporting Line and How to Apply

Reports to: General Manager – Bank Operations.

To Apply: Please submit your application quoting the Job title on the subject field to: TZRecruitment@equitybank.co.tz