Risk and Compliance Officer at Selcom Microfinance Bank
Job snapshot
Risk and Compliance Officer vacancy at Selcom Microfinance Bank Tanzania. The work centres on reconciliation, reporting, and financial controls. The post is based in Dar es Salaam, Tanzania, closing on September 29, 2026.
| Role | Risk and Compliance Officer |
|---|---|
| Employer | Selcom Microfinance Bank Tanzania |
| Location | Dar es Salaam, Tanzania |
| Team | Risk and Compliance |
| Deadline | September 29, 2026 |
Selcom Microfinance Bank Tanzania runs financial controls and monthly reporting.
Role overview
The Risk and Compliance Officer participates in identifying, assessing, and mitigating operational and financial risks across all departments.
This role supports internal control evaluations, conducts Anti-Money Laundering (AML) and Know Your Customer (KYC) monitoring reviews, ensures compliance with Bank of Tanzania regulatory standards, and fosters a strong risk-aware culture across the organization.
Key responsibilities
- Operational Monitoring & Auditing: Implement the Risk and Compliance unit plan, evaluate internal control effectiveness, conduct counterparty risk assessments ahead of onboarding, and perform independent compliance reviews.
- AML & KYC Compliance: Perform AML/KYC risk assessments, conduct monitoring reviews across high-risk channels (Account Opening, Agent Banking, Mobile Banking, Dormant Reactivations), and deliver regulatory compliance training to staff.
- Reporting & Governance: Support Senior Officers in compiling data-driven risk reports and ensuring alignment with strategic Bank objectives.
- Audit Issue Tracking: Follow up on the resolution and closure of audit findings and corrective actions raised in external, internal, and regulatory examination reports.
- Career Level: Middle Level.
- Risk Identification & Assessment: Participate in departmental risk assessment discussions to evaluate Key Risk Indicators (KRIs), update business unit risk profiles, and recommending mitigating controls.
Requirements
- High ethical standards, professional integrity, and objective independence.
- Regulatory Knowledge: Sound understanding of risk management methodologies, banking regulations, data security/privacy standards, and AML policies in Tanzania.
- Professional Certifications: Relevant certifications in Risk Management, Compliance, CAMS (Certified Anti-Money Laundering Specialist), or CFE (Certified Fraud Examiner) are a useful extra.
- Strong analytical, investigative, and data-driven problem-solving capabilities.
- Ability to prioritize tasks effectively and manage complex, competing priorities.
- Education: Bachelor's Degree in Accounting, Business Administration, Finance, Risk Management, or a related field.
- Excellent interpersonal and facilitation skills to engage cross-functional teams.
- Experience: Minimum of 2 years of experience working in banking operations, specifically inside Risk and Compliance, Internal Audit, or related departments.
Key skills
- Safety & Compliance Auditing
- Risk Assessment & Control
- Financial Accounting
- Banking Operations
- Regulatory Compliance
How to apply
Qualified candidates should submit their Application Letter, Updated CV, Certificates/Certifications, and a Motivation Letter (summarizing key achievements in your current role) via email to career@selcom.bank.
Selcom Microfinance Bank is an equal opportunity employer.
Common questions
- What role is open?
- Selcom Microfinance Bank Tanzania is recruiting a Risk and Compliance Officer.
- Where is the job based?
- The post is based in Dar es Salaam, Tanzania.
- When does it close?
- The closing date is September 29, 2026.
- How do I apply?
- Email your application using this address: Email career@selcom.bank
Jobconnect application guidance
Before applying for Risk and Compliance Officer, review the requirements carefully, tailor your CV to the role, and follow the instructions shown in the advert before Sep 29, 2026.
- Identify 2-3 requirements from the advert and make sure they are clearly visible in your CV, cover letter, or application message.
- Prepare a short application message that mentions the exact job title and why you fit the role.
- Keep your phone and email active after applying so you do not miss interview or assessment updates.
CV hints for this job
For Risk and Compliance Officer at Selcom Microfinance Bank, align your CV with the location and role context: Dar es Salaam, Tanzania.
Interview preparation
Jobconnect practice questions, not confirmed employer interview questions. Base your answers on your own experience.
Advert requirement: Education: Bachelor's Degree in Accounting, Business Administration, Finance, Risk Management, or a related field. How does your education or training match this requirement? Give the exact qualification, institution and completion status. Do not assume an alternative qualification is accepted.
Advert requirement: Experience: Minimum of 2 years of experience working in banking operations, specifically inside Risk and Compliance, Internal Audit, or related departments. Which roles or assignments demonstrate the experience requested here? Explain the dates, your responsibility, your actions and the outcome. Do not count overlapping periods twice.
Advert requirement: Professional Certifications: Relevant certifications in Risk Management, Compliance, CAMS (Certified Anti-Money Laundering Specialist), or CFE (Certified Fraud Examiner) are a useful extra. What relevant experience or training could you discuss for this non-mandatory criterion? Treat this as optional, not a new eligibility rule. Be honest about experience you do not have.
Advert requirement: Regulatory Knowledge: Sound understanding of risk management methodologies, banking regulations, data security/privacy standards, and AML policies in Tanzania. How would you demonstrate this requirement using a specific example from your work or training? Describe the task, your actions, relevant tools and outcome. Be clear about anything you have not yet done.
General practice What would you want the employer to clarify about this advert? Prepare a question about something genuinely unstated. Do not assume pay, benefits or working arrangements.
General practice What would you need to learn to perform this role well? Explain any gap honestly and the practical steps you would take to learn.
View sample application letter Dynamic draft tailored to this job post. Edit it before sending.
Enter your applicant details
The preview and downloaded Word letter update as you type.
Refer to the letter heading above, I am writing to apply for the Risk and Compliance Officer position. After reviewing the advertised requirements, I believe my skills, experience, and commitment to professional results make me a strong candidate for this opportunity.
My background has prepared me to contribute effectively in work relevant to Risk and Compliance Officer. I can bring relevant experience, strong attention to detail, and the ability to work responsibly with teams, clients, and organizational priorities. In tailoring this application, I would highlight evidence related to Education: Bachelor's Degree in Accounting, Business Administration, Finance, Risk Management, or a related field. Experience: Minimum of 2 years of e.
I am especially interested in this role because it aligns with responsibilities such as Risk Identification & Assessment: Participate in departmental risk assessment discussions to evaluate Key Risk Indicators (KRIs), update business unit risk profiles, and .... I am confident that my ability to learn quickly, communicate clearly, and deliver dependable work would support the goals of the organization.
I have attached my CV and supporting documents for your review. I would appreciate the opportunity to discuss how my qualifications match this position before the application deadline of Sep 29, 2026.
Thank you for considering my application.
How to apply for this job
For Risk and Compliance Officer, use the method in this advert and finish before September 29, 2026.
- Prepare a PDF cover letter and CV named with your full name.
- Email your application to career@selcom.bank using the subject line for Risk and Compliance Officer at Selcom Microfinance Bank.
- Attach only the documents listed in this advert. Submit before September 29, 2026.
- Never pay for a form, interview, medical check, or job offer.
Apply using the employer application link.
Legitimate employers in Tanzania and Jobconnect Portal will NEVER charge job seekers money for application forms, uniform fees, medical checks, or interview guarantees.
