Compliance Officer

Job Description

I&M Bank (T) Limited is one of Tanzania’s leading financial institutions, providing a wide range of banking and financial services to individuals, businesses, and corporate clients. The bank is committed to maintaining the highest standards of corporate governance, regulatory compliance, risk management, and ethical business practices to ensure sustainable growth and customer confidence.

The Compliance Officer position is a critical risk management role responsible for providing independent compliance oversight across the institution. The successful candidate will ensure adherence to banking regulations, internal policies, risk management frameworks, anti-money laundering requirements, and data protection laws while promoting a strong compliance culture throughout the organization.

Responsibilities
The Compliance Officer will play a key role in monitoring regulatory compliance, identifying compliance risks, supporting risk mitigation initiatives, and ensuring the institution operates in accordance with applicable laws and industry standards.

• Maintain a comprehensive understanding of applicable banking laws, regulations, and regulatory guidelines
• Monitor changes in the regulatory environment and assess their impact on the organization
• Collaborate with Legal and Regulatory Affairs teams to interpret and implement regulatory changes
• Ensure organizational compliance with all applicable laws, regulations, and internal policies
• Advise management on proposed and pending regulatory developments
• Develop, review, and update compliance policies, procedures, and manuals
• Ensure compliance documentation remains current and accessible across the organization
• Conduct comprehensive compliance risk assessments and identify potential areas of exposure
• Recommend and monitor implementation of risk mitigation measures and corrective actions
• Perform daily compliance monitoring activities and compliance reviews
• Design and deliver compliance training and awareness programs for employees
• Prepare compliance reports for senior management and regulatory authorities
• Maintain accurate records and documentation relating to compliance activities
• Support preparation of Management Risk Committee reports, Board papers, and other compliance reports
• Conduct periodic compliance audits and reviews to identify areas of non-compliance
• Work closely with Internal Audit and Risk Management teams to resolve compliance issues
• Lead investigations relating to customer complaints, suspicious transactions, fraud cases, and regulatory breaches
• Oversee Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) programs
• Monitor Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), transaction monitoring, and Suspicious Transaction Reporting (STR) activities
• Ensure compliance with data privacy and data protection legislation
• Develop and maintain data protection policies and oversee organizational data protection practices
• Liaise with the Personal Data Protection Commission (PDPC) on data protection matters
• Manage data security incidents, breaches, and data subject requests
• Conduct vendor due diligence and assess compliance risks associated with third-party service providers
• Follow up on audit recommendations and monitor implementation of agreed corrective actions
• Report outstanding compliance and audit issues to management for timely resolution

Qualification
Applicants should possess strong technical knowledge in banking compliance, risk management, and regulatory frameworks. The ideal candidate should demonstrate high ethical standards, analytical capabilities, and experience within regulated financial environments.

• Bachelor’s Degree in Business Administration, Banking, Finance, Risk Management, Economics, or a related field
• Professional certifications such as CCP, CAMS, CRMP, ACCA, CPA, or CISA will be an added advantage
• Minimum of three (3) years of experience in compliance, risk management, audit, or regulatory roles
• Experience working within a bank, financial institution, or other regulated environment
• Strong knowledge of banking operations and banking regulations
• Sound understanding of compliance frameworks and risk management principles
• Strong knowledge of AML/CFT regulations and data protection laws
• Experience in regulatory compliance monitoring and reporting
• Experience in AML/CFT compliance and internal control systems
• Experience in risk management and audit compliance management
• Experience in data privacy and protection compliance
• Excellent analytical, investigative, and problem-solving skills
• Strong critical thinking and decision-making abilities
• Excellent written and verbal communication skills
• Ability to prepare professional reports and presentations
• Strong stakeholder and relationship management skills
• Proficiency in Microsoft Word, Excel, PowerPoint, and Outlook
• Ability to work effectively with regulators, management, and employees
• High ethical standards, integrity, and professionalism

How to Apply
Interested candidates should submit their applications online through the official I&M Bank careers portal. Applicants are encouraged to ensure that their application documents are updated and accurately reflect their qualifications and experience.

• Prepare an updated CV/Resume highlighting relevant compliance, risk, and banking experience
• Review the job requirements and ensure you meet the eligibility criteria before applying
• Submit your application through the official I&M Bank recruitment portal before the deadline of 30 June 2026

Apply through:
I&M Bank Careers Portal – Compliance Officer

Conclusion
The Compliance Officer position offers an excellent opportunity for professionals seeking to advance their careers in banking compliance, risk management, and regulatory affairs. The role provides extensive exposure to enterprise risk management, anti-money laundering, data protection, and corporate governance within a regulated financial environment. Successful candidates can progress to senior roles such as Senior Compliance Officer, Risk Manager, Head of Compliance, Chief Risk Officer, or Director of Risk and Compliance within the banking and financial services industry.