Tuesday, 18 September 2012
CHIEF MANAGER, OPERATIONAL RISKS (1 POSITION)
Tanzania Postal Bank (TPB) seeks to appoint dedicated, self motivated and highly organized Chief Manager, Operational Risks (1 position) to join the Risk Management and Compliance team. The person will be responsible with setting up the operational risk division which will be involved with tracking all operational risk areas and keep management informed through appropriate meetings. He/she will also be required to develop Risk register for the bank.
Reporting Line: Director, Risk Management and Compliance
Location: Head Office, Dar es Salaam
Work Schedule: As per TPB Staff regulations
Main Purpose of the Job
(i) Assist the Director of Risk Management and Compliance in directing and overseeing the day-to-day management of operational risks for the whole bank on end-to-end basis including driving and directing compliance in each areas the bank is required to comply.
(ii) Implement controls within the bank to meet regulatory and internal requirements. In addition, drive and implement an effective risk management framework, and promote a strong risk management and a compliance culture.
(iii) Work with departments and branches on operational risk matters to ensure business growth is balanced with risk management and control.
(iv) Ensure proper functioning of day-to-day controls, periodic monitoring activities, timely identification and reporting of significant risks and losses and effectiveness of risk mitigation actions.
(v) Ensure there is adequate training in Operational risks and Compliance issues to all staff.
(vi) Document and implement controls to ensure compliance with Bank of Tanzania regulations and internal required standards as per approved
Tanzania Postal Bank is an established Bank by the Act No. 11 of 1991 as amended by Act No. 11 of 1992. TPB is a Bank that provides competitive financial services to our customers and creates value for our stakeholders through innovative products.
TPB is a Bank, whose vision is “to be the leading bank in the provision of accessible and convenient financial services”. As part of effective organizational development and management of its human capital in an effective way, TPB commits itself towards attaining, retaining and developing the highly capable and qualified workforce for TPB betterment and the Nation at large.
Strategic Plan, budget and other guiding policies, manuals and Circulars issued from time to time.
(vii) Provide assurance on policy implementation and quality of controls as part of second line of defense.
Essential Duties and Responsibilities:-
(i) Work as a team to drive and support the identification and management of operational risks on a daily basis and a source of reference within the bank in facilitating and promoting the understanding of Operational Risk and compliance requirements and issues.
(ii) Ensure that policies are implemented effectively within the bank; new regulations are properly communicated, and provide quality assurance on the design of the control measures and monitoring plans. Coordinate, analyse and consolidate Operational Risk and loss reporting to the Executive Committee.
(iii) Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure that controls are effective for compliance monitoring and risk management.
(iv) Ensure adherence to the risk management framework in identifying, controlling, monitoring and reporting of risks.
(v) Ensure sufficient actions are undertaken to mitigate, reduce or contain the identified operational risks. Undertake and / or coordinate periodic monitoring (self-assessment) activities to all areas of operations, escalating issues to Director of Risk Management & Compliance.
(vi) Ensure sufficient actions are undertaken by Departments and branches to comply with all key regulations, compliance and internal standards.
(vii) Ensure the risks associated with new and changed products, services and business strategy are sufficiently assessed and mitigated.
(viii) Assist the Head of Departments and Branch Managers in preparing Operational Risk Profile and other relevant reports for the Executive Committee and Board of Directors and ensure accuracy and completeness of data.
(ix) Lead and coordinate effort to enhance the general risk management and compliance culture within the bank. This includes communication and other initiatives to change mindset and behaviour of staff.
(x) Ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended. This includes conducting investigation on financial crime risks.
(xi) Identify gaps and conduct staff training on Operational Risk and compliance for all staff.
(xii) Review quality of controls, including validation of Key Risk Indicators as part of the second line of defense.
(xiii) Assist Departments, branches and other business units in making risk assessment and generate reports.
(xiv) Develop, update and Manage Risk Register of the Bank.
(xv) Develop Operational risk manual for the bank.
(xvi) To comply with Money Laundering Prevention Procedures and the Code of Conduct.
(xvii) To be alert at all times to unusual or possibly suspicious customer activity, and report promptly any such activity to the Director of Risk Management & Compliance.
(xviii) Any other duties as may assigned by superior.
Qualifications, Experience and Skills required:
Education: Bachelor Degree in Business Administration, Economics, Statistics, Finance, Accounting or any related discipline
The candidate must have a working experience of not less than five years in a financial institution or related discipline.
He/She should be computer literate with excellent command of Excel and Word Processing.
Added skills and certifications in Risk Management and Compliance
Skills and attributes
(i) Strong leadership & people management skills
(ii) Strong technical skills in operational risk, identification, monitoring and
(iii) Prioritize tasks and organization
(iv) Can work independent at minimal supervision
(v) Adherence to the regulations and company policies
(vi) Team player
Salary and Remuneration
The position attracts a competitive salary package, which include benefits.
Mode of Application
Applicants are invited to submit their resume (indicating the position title in the subject heading) via e-mail to: firstname.lastname@example.org
The deadline for submitting the applications is two weeks from the first appearance of the advertisement of this post in local Newspaper.
Tanzania Postal Bank is an Equal Opportunity Employer
A candidate who will not be contacted by Tanzania Postal Bank within seven (7) days after the closing date, you should consider your application as unsuccessful. Late applications will not be considered. Short listed candidates may be subjected to any of the following: a security clearance; a competency assessment and reference checking.
Please forward your applications before 26th September, 2012