Bank of Baroda Hiring Manager Compliance
Job Opportunity: Manager Compliance at Bank of Baroda Tanzania
Bank of Baroda, a leading nationalized bank in India with an international presence, is seeking to hire a Manager Compliance for its operations in Tanzania. The bank operates 8243 branches in India and 96 branches/offices globally, including branches in Dar es Salaam, Arusha, Kariakoo, and Mwanza. Bank of Baroda (Tanzania) Limited is a fully owned subsidiary of Bank of Baroda.
The bank provides a full range of banking services to individuals, businesses, government departments, SMEs, and more. The Manager Compliance will oversee the compliance department and ensure adherence to regulations across the bank’s operations.
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Position and Vacancies
- Position: Manager Compliance
- Vacancies: 01
Major Responsibilities
- Oversee the compliance function of the bank.
- Perform compliance risk assessments and ensure adherence to applicable laws and regulations.
- Monitor changes in legislation and advise management on necessary compliance measures.
- Develop and implement policies and procedures to ensure compliance.
- Provide staff training on KYC, anti-money laundering, and other compliance issues.
- Ensure timely submission of regulatory returns and reports.
- Liaise with external bodies to ensure the bank’s compliance with regulations.
- Conduct internal investigations into compliance issues.
- Stay updated with legal and regulatory developments.
- Identify potential compliance risks and mitigate them.
- Ensure effective systems, procedures, and controls for compliance, including in risk management, governance, Anti-Money Laundering, and Data Protection.
- Report to the bank’s management regarding compliance issues.
- Prepare and present compliance reports to the board.
- Maintain effective relationships with regulatory bodies.
- Develop and revise the annual compliance work plan as needed.
- Oversee and monitor the implementation of the compliance program.
- Maintain documented and effective compliance procedures aligned with internal standards.
- Interact with regulators on compliance issues.
- Coordinate audits, reviews, and examinations.
- Independently investigate compliance-related matters.
- Monitor external review processes.
- Minimum Qualification: Graduate in CPA (T) or MBA (Finance). Candidates with higher qualifications may also apply.
- In-depth knowledge of banking industry regulations and guidelines.
- At least 5 years of experience in banking at a supervisory level in the Compliance department.
- Strong analytical skills, excellent communication abilities, and outstanding organizational and leadership skills.
- Ability to plan, organize, lead, and control the daily operations of the Compliance Department.
- Only Tanzanian nationals are eligible to apply.
- Training or internship periods will not be counted as experience for eligibility.
- The number of vacancies may increase or decrease depending on the bank’s needs.
- Shortlisting is at the bank’s discretion; only shortlisted candidates will be contacted.
- The recruitment is subject to approval by competent regulatory authorities.
- The management reserves the right to cancel the recruitment process at any time.
- Successful candidates will receive a competitive salary and benefits in line with the bank’s industry status.
Mode of Application
Interested candidates should apply in writing by sending the following:
- Download APPLICATION FORM FOR EMPLOYMENT
- Application Form (as per the enclosed format).
- Curriculum Vitae (CV).
- A passport-sized photograph.
- Copies of academic qualifications and work experience documents.
- Postal and email addresses, as well as telephone numbers.
- Names and addresses of two referees. Applications should be sent to:
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Managing Director
Bank of Baroda (Tanzania) Limited
Plot no.149/32, Ohio/Sokoine Drive
P.O. Box No.5356, Dar es Salaam, Tanzania
Phone: +255 22 2124472/87, 2124461 (CM)
Fax: +255 22 2124457
Email: admin.tanzania@bankofbaroda.com
Website: www.bankofbaroda.co.tz
Deadline: Applications must be received by 30/11/2024 before 5:00 PM (East African Time).
