19 Aug 2020

Head of Risk and Compliance at VisionFund

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VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB) with a loan book of TZS15 billion and an existing customer base of 30,000 of which 5,000 are small holder farmers. VFT-MFB is an equal opportunity employer that needs dynamic, loyal and committed young men & women who have passion for people’s economic development to fill in the vacant positions detailed here below;

Work reference no. 001

Position: Head of Risk and Compliance

Reporting to: Chief Executive Officer


  • Identify risks, prioritize and measures current and foreseeable risks
  • Ensures that Risks are kept within the scope
  • Develop clear annual Risk objectives for VFT-MFB
  • Asses and identify risks areas of implementing audit findings, regulators concern and other bodies.

Main tasks

  1. Heads & Supervises Risk and Compliance Department
  2. Identify risks, prioritize and measures current risks
  3. Ensures that Risks are kept within the scope
  4. Develop clear annual Risk objectives for VFT-MFB
  5. Asses and identify risks areas of implementing audit findings, regulators concern and other bodies.
  6. Develop Risk Policy for VFT-MFB and Compliance standard
  7. Responsible for AML/CFT cases and ensure proper handling of the case
  8. Trains and orient staff on AML and CFT awareness
  9. Work with Board Credit and Risk Committee
  10. Responsible for developing and implementing of Compliance Monitoring Plan.
  11. Conduct training to VFT-MFB staff on bank policies and procedures, legal and regulatory requirements, as well as consumer protection


  • Master /Post graduate in Business Administration, Finance, Risk Management
  • Bachelor Degree in Marketing, Business Administration/Law/Accounting, Risk Management
  • Very good knowledge of oral & written English
  • Very good analytical & reporting skills
  • 5 years’ experience in credit management of which 3 must be at Management level

Special / Personal Abilities

  • Highly developed sense of reliability and correctness
  • Very good communication skills and an effective trainer
  • Innovative and analytical
  • Very good planning skills
  • Must have above average skills in using Micro Soft office applications
  • Must be a self-starter, highly motivated, organized, and detail-oriented
  • Committed Christian

About our working environment & remuneration.

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.


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      Method of Application

Interested and suitably qualified individuals should forward their application letter, attaching copies of their academic and professional certificates; detailed CV’s with three referees to [email protected] The position should be the subject of the email application. OR through the postal address below.

The Chief Executive Officer, VisionFund Tanzania

Microfinance Bank Limited

P.O. Box 1546, Arusha TANZANIA.

The application should reach the undersigned not later than 4th September 2020.

N.B. Only short-listed candidates will be contacted


VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf

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